Patanjali Ayurved Limited was established in 2006 with the vision to promote Ayurved and provide Swadeshi products, aiming for self-independence and economic growth in India. The company has rapidly grown into a major FMCG player, with a reported annual turnover of ₹5000 crore (approximately $740 million) for the fiscal year 2015-16. Patanjali operates extensive production facilities and retail chains, while competing with notable brands in the herbal and Ayurvedic products market.