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Meet richest person of Punjab, school dropout, worked in factories, now owns Rs 15000 crore company, his business is…, called ‘Mukesh Ambani of Punjab'
Rajinder Gupta was forced to leave school at the age of 14 due to family circumstances. He worked in factories but always wanted to do something extraordinary.
So he started a small fertilizer business in the 1980. According to media reports, in 1985, he used his savings to establish Abhishek Industries , a fertilizer business that was the beginning of his business journey. Over time, this small venture became what Trident Group is today with a market capitalization of Rs 15,000 crore. Journey Of Trident Group
Trident Group is the second-largest exporter of home textile products in India and operates in several other sectors like chemicals and paper manufacturing. Some of its major clients include global giants like Amazon, Walmart, Target, and IKEA. Additionally, Trident is among the top five terry towel manufacturers globally.
Starting from a fertilizer business in Punjab, Trident Group has expanded its operations to over 150 countries in the world.
After founding Abhishek Industries, Gupta focused on expanding the business. In 1991, he launched a spinning mill. After which he diversified into textiles, paper, and chemicals and extended operations from Punjab to states like Madhya Pradesh. Initially known as Abhishek Industries, the company officially rebranded to Trident Limited on April 18, 2011. 330% Returns In Five Years
According to Forbes, Rajinder Gupta's current net worth is around $1.3 billion (Rs 11,288 crore). Trident Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange. Over the past five years, the company's stock has given huge returns to its investors.
On June 19, 2020, Trident's share price was Rs 6.80 after some fluctuations, now trades at Rs 29.23. The stock's 52-week high is Rs 41.45, while its low is Rs 23.11.
In 2022, citing health and family reasons, Rajinder Gupta resigned as the chairman of Trident Group.
