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Business

India's Patanjali eyes tenfold revenue increase in 5 years

Consumer goods brand co-founder Baba Ramdev talks of challenging Nestle, Unilever

Patanjali co-founders Baba Ramdev, right, and Acharya Balkrishna have no plans to list their rapidly growing operation. (Photo by Kiran Sharma)

NEW DELHI -- India's Patanjali group companies look to challenge foreign and local producers of fast-moving consumer goods, with plans to increase combined turnover nearly tenfold to 1 trillion rupees ($15.5 billion) in the next five years via expanded distribution and exports.

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