Showing posts with label Acharya Balkrishna. Show all posts
Showing posts with label Acharya Balkrishna. Show all posts

Friday, June 8, 2018

A billionaire and a yogi team up on a mobile app. No, not a joke

After hastily withdrawing their new messaging app amid glaring security flaws, an Indian billionaire and his penurious yoga guru partner are about to have another go at it.

Acharya Balkrishna, who collaborated with celebrity yogi Baba Ramdev to build an Indian consumer goods empire, plans a formal release of the Kimbho messenger app within weeks as he tries to create a challenger to Facebook Inc’s dominant WhatsApp. But first he has to fix it.

“We pledge not to launch the app until a team of expert hackers and security specialists plug all the security and privacy loopholes,” Balkrishna said in a phone interview as he promised more advanced features than his rival.

The hurried withdrawal of the app, whose name translates as “what’s up” in Sanskrit, a day after its release in May was a rare setback for Balkrishna and Ramdev. The pair built Patanjali Ayurved into a business with $1.6 billion of annual revenue by selling soap, skin cream and instant noodles that embrace the swadeshi, or home-grown, all-natural-and-wholesome creed. Still, in the short time it was available the app racked up 300,000 downloads, the billionaire said.

Ramdev rose to fame in India from appearances on TV, where he demonstrated the cobra, the downward dog and hundreds of other yoga poses. He used his prominence to make Patanjali Ayurved a household name, giving global players such as Nestle SA and UnileverNSE -0.46 % NV a run for their money when it comes to Indian consumer spending. Balkrishna owns most of the stock, while Ramdev holds a minuscule share, in keeping with his adopted life as a ‘sanyasi’ ascetic free of material possessions. 

Wednesday, June 6, 2018

Patanjali To Shift Food Park From Uttar Pradesh, Blames Adityanath Government

Patanjali To Shift Food Park From Uttar Pradesh, Blames Adityanath Government
Acharya Balkrishna, Managing Director of Patanjali Ayurved Ltd, tweeted on Tuesday that they have to shift the food park due to the Yogi Adityanath-led state government's disappointing attitude.

Around 455 acres of land was allocated for the Patanjali Food and Herbal Park in Greater Noida. (File)
Lucknow:  With the Uttar Pradesh government denying it permission, Yoga teacher Ramdev's Patanjali Ayurved Limited has decided to shift its planned mega food park out of the state.

Acharya Balkrishna, Managing Director of Patanjali Ayurved Ltd and co-founder of Patanjali Yogpeeth, tweeted on Tuesday that they have to shift the food park due to the Yogi Adityanath-led state government's disappointing attitude.

"Today, the notice of aborting the Mega Food Park approved by the central government in Greater Noida, the resolution to bring prosperity to the lives of the Holy Land of Krishna, was incomplete with the indifference of the government. Decided to shift the Patanjali project elsewhere," Mr Balkrishna tweeted in Hindi.

He said Patanjali's initiative to improve the lives of farmers in the region would not be achieved after this decision.


When the plant runs to its full capacity, it would have a capacity to produce goods worth Rs.25,000 crore annually, an official had claimed in 2016, adding that around 10,000 direct jobs could be provided benefiting 50,000 families.

According to reports, around 455 acres of land was allocated for the Patanjali Food and Herbal Park in Greater Noida and the project was worth around Rs. 2,000 crore.