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.
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
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