Patanjali Ayurved, led by Baba Ramdev, expands beyond FMCG and Ayurveda by acquiring Magma General Insurance, marking its entry into India's booming general insurance sector.
This marks Patanjali's first major step outside its core FMCG and Ayurveda businesses
Aug 01, 2026
02:58 pm
What's the storyBaba Ramdev's Patanjali Ayurved is all set to enter the insurance sector. The Insurance Regulatory and Development Authority of India (IRDAI) has approved the company's acquisition of Magma General Insurance.
The deal, worth nearly ₹4,500 crore, marks Patanjali's first major step outside its core FMCG and Ayurveda businesses.
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