Balkrishna

Acharya Balkrishna
Born Narayan Prasad Subedi
August 4, 1972
Syangja district, Nepal
Citizenship Indian[1]
Occupation CEO of Patanjali Ayurved
Home town Bharuwa village, Syangja district, Nepal[2]
Net worth Decrease US$2.5(consolidated) billion (September 2016)[1]
Parents
  • Jay Vallabh (father)
  • Sumitra Devi (mother)
Website acharyabalkrishna.com

Acharya Balkrishna (b. Narayan Prasad Subedi[2]) is the managing director and primary stakeholder of Patanjali Ayurved, an Indian FMCG company.[3] He is a close aide of yoga guru, Baba Ramdev,[1] with whom he founded the company.

Balkrishna is also a practitioner of Ayurveda and is often referred to as Acharya Balkrishna. Balkrishna along with Baba Ramdev established an Acharyakulam in Haridwar. He has undertaken a project of developing the Ayurvedic system of medicine.[4][5]

Background

Balkrishna was born Narayan Prasad Subedi[2] to Sumitra Devi and Jay Vallabh of Nepal. He met Ramdev at a gurukul in Haryana. They founded an ayurvedic pharmaceutical company named Divya Pharmacy in Haridwar in the 1990s. Balkrishna later helped Ramdev set up a number of other businesses serving as the managing director of 20–30 of them.[6]

Patanjali Ayurved

Patanjali Ayurved, an FMCG company, was founded by Baba Ramdev and Balkrishna in 2006. Followers of Ramdev, NRIs Sunita and Sarwan Poddar, helped kick-start the business with a loan. According to Balkrishna, he had taken out a ₹50–60 thousand loan at a time when he had never held a personal bank account in his name.[7] In 2012, the company posted a turnover of ₹450 crore (US$67 million) which by 2015–2016 had risen to ₹5,000 crore (US$740 million).[1]

While Ramdev does not hold a stake in the company, he is the face of the firm and endorses its products to his followers across his yoga camps and television programmes.[1] Balkrishna owns a 94% stake in the company and has amassed a personal fortune worth ₹25,600 crore (US$3.8 billion).[1] His birthday is celebrated as Jadi Buti Divas ("Herb Day") in the Patanjali group of companies on August 4.[8]

Controversies

Balkrishna has been embroiled in a number of controversies including those that question his Indian citizenship and academic qualifications.[6]

The Central Bureau of Investigations (CBI) registered a case against Balkrishna in 2011 and arrested him on charges of forgery and cheating. The agency claimed that his passport was issued based on forged high school and graduation certificates and that he owned a pistol without a legal permit.[6] Subsequently, the Enforcement Directorate filed a case against him on charges of money laundering,[9] but after a 2-year investigation found no evidence of wrongdoing and gave Balkrishna a clean chit in 2014. and another against him and a Naresh Chandra Dwivedi, the principal of the Sanskrit college which allegedly issued the fake certificate.[10] The cases were closed in 2014.[1][11]

Writing

Balkrishna serves as chief editor of Yog Sandesh, a magazine that promotes yoga and ayurveda. He, along with his co-authors have written a total of 41 research papers. All research paper are related to yoga and ayurveda.[12][13] He has also written a book on ayurvedic medicine.[14]

Awards and honours

See also

References

  1. 1 2 3 4 5 6 7 Singh, Kanishka (14 September 2016). "How our craze for Patanjali made Ramdev aide Acharya Balkrishna one of the wealthiest Indians". Indian Express. Retrieved 17 September 2016.
  2. 1 2 3 "Balkrishna Nepalese identity under lens of Indian CBI".
  3. ↑ http://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/ramdev-to-take-on-online-healthcare-startups/52410201?photo_id=52256029
  4. ↑ "बालकृष्ण का जन्मदिन जड़ी-बूटी दिवस के रूप में मनाया", Press Report, 4 August 2014
  5. ↑ "The magic of milk, honey and pranayam" Archived 14 April 2015 at the Wayback Machine. The Asian Age, 8 February 2015
  6. 1 2 3 Prashant, Shishir (30 July 2011). "The rise and fall of Balkrishna". Business Standard. Retrieved 28 August 2015.
  7. ↑ "The man who owns 94% of Patanjali Ayurved". The Times of India.
  8. ↑ "Baba Ramdev loyalist and Patanjali CEO Acharya Balakrishna enters India rich list with $3.8 billion". The Financial Express. 13 September 2016. Retrieved 16 October 2016.
  9. ↑ "Balkrishna, aide of Baba Ramdev, booked in money laundering case; may be arrested". NDTV. PTI. 22 August 2011. Retrieved 8 September 2015.
  10. ↑ "Charges framed against Ramdev aide Balkrishna in fake passport case". NDTV. PTI. 31 October 2013. Retrieved 8 September 2015.
  11. ↑ "ED closes laundering case against Ramdev aide Balkrishna". The Times of India. 30 September 2014. Retrieved 8 September 2015.
  12. ↑ "Research" basic.medscimonit.com. Published 19 November 2014
  13. ↑ "Yoga research" frontiers, 25 November 2014
  14. ↑ Bharatiya Sahitya Sangrah "आयुर्वेद जड़ी-बूटी रहस्य"
  15. ↑ "Yog: In Synergy with Medical Science" www.vedicbooks.net
  16. ↑ "Secrets Of Indian Herbs For Good Health" www.diamondbook.in
  17. ↑ "Ayurveda: its principles and philosophies" sapnaonline.com
  18. ↑ "Vitality Strengthening Astavarga Plants" Divya Yog Mandir Trust
  19. ↑ "Vaidika Nityakarma Vidhi" Divya Prakashan
  20. ↑ "आयुर्वेद को पतंजलि ने दी वैश्विक पहचान" Jagran, 5 August 2013
  21. ↑ "Haryana Guv presents Balkrishna 'Bharat Gaurav' award".

External links

Sl Type Name of organisation Website Official Logo Post
1 Corporate Patanjali Ayurved Limited www.patanjaliayurved.org
Managing Director[1]
2 Corporate Patanjali Food and Herbal Park www.pfhppl.com
Managing Director[1]
3 Corporate Divya Pharmacy www.divyayoga.com General Secretary and co-founder[2]
4 Corporate Patanjali Bio Research Institute www.patanjalibio.com Managing Director[1]
5 Social Patanjali Yogpeeth Trust www.divyayoga.com General Secretary and co-founder[1]
6 Social Divyayog Mandir Trust www.divyayoga.com General Secretary and co-founder[1]
7 Social Patanjali Gramudhyog Trust www.patanjaligramodhyognyas.com General Secretary and co-founder[1]
8 Media Vedic Broadcasting www.aasthatv.com Managing Director[1]
9 Media Yog Sandesh Chief Editor[1]
10 Education and Research University of Patanjali www.universityofpatanjali.com
Vice Chancellor[3]
11 Education and Research Patanjali Ayurved College www.pac.divyayoga.com
12 Education and Research Patanjali Research Foundation www.patanjaliresearchfoundation.com General Secretary and Co-founder[1]
13 Education and Research Acharyakulam www.acharyakulam.org
  1. 1 2 3 4 5 6 7 8 9 "About Us".
  2. ↑ "General Secretary and Co-founder".
  3. ↑ "Vice Chancellor".
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