Patanjali Ayurved was established in 2006 by Acharya Balkrishna under the guidance of Yogrishi Ramdev Baba. It has grown significantly over the past decade to become a major FMCG and healthcare company in India with over 300 Ayurvedic medicines and annual revenues of approximately $780 million. Patanjali uses low-cost penetration pricing and extensive promotion through TV and other channels to market its natural and affordable products across India. It competes against other major Ayurvedic brands and aims to continue its expansion nationwide.