Baba Ramdev’s Patanjali Ayurved Enters Insurance Sector
March 16th, 2025
New Delhi (CNBC) — Patanjali Ayurved, led by Baba Ramdev, has acquired a majority stake in Magma General Insurance in partnership with DS Group at a valuation of Rs 4,500 crore, subject to regulatory approvals.
Following the acquisition, Patanjali Ayurved will become the promoter entity of Magma General Insurance, marking its entry into the competitive general insurance sector.
Patanjali Ayurved is one of the leading manufacturers and marketers of herbal and nature-based products, medicines, and other FMCG goods.