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A Billionaire With Fake Degrees & Passport-This Is Patanjali's CEO Achrya Balkrishna


5 Oct 2015
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Baba Ramdev’s Patanjali Ayurved, a fast growing FMCG whose net sales for the financial year 2015-16 stood at Rs 5,000 crore, is a household name now. But Ramdev is just a face of the consumer products giant. Balkrishna Suvedi, often referred as Acharya Balkrishna – a close aide of the Yoga teacher, is the man behind the huge business.
The contentious 43-year-old man, who owns a majority stake (94%) in Patanjali Ayurved, has now entered the Hurun India Rich List 2016 as a billionaire with an astounding Rs 25,600 crore ($3.82 billion) under his belt.
There are a number of controversies associated with Balkrishna too – including those that question his Indian citizenship and academic qualifications. His high school degree – ‘Purv Madhyma’ and Sanskrit degree – ‘Shastri’ from Sampurna Nand Sanskrit University – do not allegedly exist on records. He was charged with cheating and criminal conspiracy for procuring fake degrees to acquire an Indian passport.
He went into hiding, but was later arrested by the Central Bureau of Investigations (CBI) in 2012. The agency claimed that his passport was issued based on forged high school and graduation certificates and that he owned a pistol without a legal permit.
Subsequently, the Enforcement Directorate (ED) filed a case against him on charges of money laundering, but the cases were dropped after the National Democratic Alliance (NDA) came to power in 2014. The two-year CBI investigation against him found “no evidence” of wrongdoing and he was given a clean chit.
Patanjali Ayurved Kendra Pvt. Ltd. had donated a sum of Rs 11,00,000 on March 8, 2009 to the Bharatiya Janata Party (BJP) – then in the Opposition – before 2009 general elections as donation. It was revealed in an RTI response given by the Election Commission.

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A Billionaire With Fake Degrees And Passport - This Is Patanjali's CEO Achrya Balkrishna
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