Baba Ramdev Needs The Debt Tonic
Thursday, January 19, 2017, 11:41 AM
At the present rate of growth, Ramdev’s Patanjali Ayurved Ltd will be a $1 billion company next year. Handled well, debt could be a tonic, helping the herbal brand sustain its sixfold expansion of the past three years. Patanjali won a two-notch credit rating upgrade from ICRA, the India affiliate of Moody’s Investors Service. So far, the company has just $47 million in borrowings.