Business The Patanjali mystery: Investments in a string of businesses with zero operations Updated : August 13, 2018 08:32 AM IST Patanjali has as many as 21 private limited companies and 26 partnership firms listed under ‘disclosures of transactions between related parties’ where it has a controlling stake. Some subsidiaries were not initially incorporated by PAL but became one through acquisition — through a multi-layered transaction. Several of these affiliates are neither related to the Patanjali Group nor associated with the principal business activities of the group companies. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.