Why Baba Ramdev doesn’t have a bank account
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Patanjali Group founder Baba Ramdev claimed, on Monday, that he doesn’t have a bank account. “There is no need for it,” Baba Ramdev tells Fortune India, while speaking on Patanjali Ayurved’s upcoming follow-on public offering (FPO) for Ruchi Soya Industries Ltd. In December 2019, Patanjali Ayurved had acquired Nutrela-maker Ruchi Soya through an insolvency process. “I don’t have any personal interests (in materialistic things)—watches, cars, mobiles and houses,” says the yoga guru, who is also a non-executive director in Ruchi Soya Industries.
September 2025
2025 is shaping up to be the year of electric car sales. In a first, India’s electric vehicles (EV) industry crossed the sales milestone of 100,000 units in FY25, fuelled by a slew of launches by major players, including Tata Motors, M&M, Ashok Leyland, JSW MG Motor, Hyundai, BMW, and Mercedes-Benz. The issue also looks at the challenges ahead for Tata Sons chairman N. Chandrasekaran in his third term, and India’s possible responses to U.S. president Donald Trump’s 50% tariff on Indian goods. Read these compelling stories in the latest issue of Fortune India.
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