Patanjali Group has announced a strategic partnership with IBSFINtech, a globally recognized leader in Treasury Management Solutions. In a statement released on Wednesday, the Group highlighted that the seamless integration of IBSFINtech’s platform with Patanjali’s existing ERP ecosystem is set to revolutionize its treasury and trade finance operations.
This deployment of an Integrated Treasury Management Solution marks a significant milestone in the Group’s digital transformation journey. The platform’s real-time analytics and actionable insights will create a connected ecosystem for Patanjali, enhancing risk management, organizational agility, and resilience through data-driven decision-making.
Sanjeev Asthana, CEO of Patanjali Foods, commented, “As a global brand, this collaboration underscores our dedication to adopting cutting-edge solutions. This initiative not only redefines our financial operations but also reaffirms Patanjali’s commitment to innovation. It aligns with our global expansion objectives and addresses the increasing complexities of international operations, Forex management, hedging strategies, and market volatility.”
Kumar Rajesh, CFO of the Patanjali Group, added, “By streamlining financial ecosystems and providing real-time insights, Patanjali has achieved unparalleled operational transparency, agility, and resilience. These advancements have strengthened our governance frameworks and empowered the organization to confidently navigate dynamic financial landscapes.”
Priyendu Jha, VP and Head of Treasury Management at Patanjali Group, emphasized, “The integration of data-driven methodologies has been pivotal in managing global financial complexities. Automation has played a crucial role in harmonizing multifaceted operations, mitigating risks, and fostering seamless collaboration across globally dispersed teams.”
CM Grover, MD & CEO of IBSFINtech, highlighted the strategic importance of this digital transformation, stating, “At IBSFINtech, we are proud to partner with Patanjali, an iconic ‘Made in India’ organization, to lead this transformative journey. By streamlining processes, reducing manual intervention, and enhancing risk management, our platform empowers Patanjali to achieve better financial planning and resource optimization.”
Founded by Swami Ramdev and Acharya Balkrishna, the Patanjali Group has established a strong presence across various sectors, including food, personal care, healthcare, textiles, and natural beverages. Patanjali Foods, a key entity within the Group, is a USD 4 billion revenue company.
IBSFINtech, headquartered in Bengaluru, India, operates globally with a presence in the USA, the Middle East, and Southeast Asia. As an ISO/IEC 27001:2013 certified enterprise TreasuryTech company, IBSFINtech specializes in end-to-end digitization of cash & liquidity, investments, treasury, risk, trade finance, and supply chain finance management for corporations worldwide.
