Latest news with #RajinderGupta
Zawya
01-08-2025
- Business
- Zawya
Trident Group firmly establishes global presence with the opening of its Dubai office
DUBAI, UAE /PRNewswire/ -- Trident Group, India's leading business conglomerate and the world's largest manufacturer of terry towels, has announced the launch of its new office in Dubai. Located at THTL Trading LLC, 1202, Maze Tower, near the Museum of the Future, Sheikh Zayed Road, the office will serve as a central hub to expand the company's reach across the GCC, Africa, and CIS regions. Trident's Dubai office marks a key milestone in its international growth strategy. The new operations will focus on two of the company's core categories: luxury home textiles and high-quality paper, catering primarily to leading retailers and the growing hospitality sector in the region. Speaking on the occasion, Mr. Rajinder Gupta, Chairman Emeritus, Trident Group, said, "Dubai is not just a city; it is a strategic gateway to some of the fastest-growing markets in the world. With the launch of this office, we aim to deepen our relationships with customers across the region and respond more swiftly to evolving market needs. Our focus continues to be on making sustainable luxury more accessible to homes and businesses globally." Over the years, Trident has built a strong reputation as a trusted partner to some of the biggest names in global retail and premium hotel chains. Known for its quality, durability, and innovation, Trident's products are present in over 100 countries and are increasingly favoured by customers seeking luxury and everyday functionality in one. About Trident Group: Trident Limited is the flagship company of Trident Group, an Indian business conglomerate and global player. Headquartered in Ludhiana, Punjab, Trident Limited is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer. Trident's towels, yarns, bedsheets, and paper businesses have earned global recognition and are delighting millions of customers across India and the world. Trident is one of the largest players in home textiles in India. The organization is highly decorated with awards from its customers, vendors, and various government entities in recognition of advancing the highest standards in product quality, social responsibility, and environmental stewardship. The company operates in three major business segments: Textiles, Paper, and Chemicals, with its manufacturing facilities in Punjab and Madhya Pradesh.
Hindustan Times
30-07-2025
- Business
- Hindustan Times
Chandigarh: Trident Open Golf Championship in November
The Ludhiana-based Trident Group in collaboration with the Professional Golf Tour of India (PGTI) will host the ₹1 crore Trident Open Golf Championship scheduled to be held from November 11 to 14 at Chandigarh Golf Club. Rajinder Gupta, chairman, Trident Group, shared his thoughts on the partnership, 'We are delighted to announce the launch of the inaugural Trident Open Golf Championship, in collaboration with the PGTI.' Gupta said the championship will be held under the esteemed leadership of Kapil Dev. Championship scheduled to be held from November 11 to 14 at Chandigarh Golf Club. (HT photo for representation)
Time of India
08-07-2025
- Business
- Time of India
City industrialists hail MP CM's visit amid Pb's policy gaps, fading sheen
Ludhiana: The visit of Madhya Pradesh CM Mohan Yadav to the city Monday created a buzz in the industry, with leading business heads attending an interactive session with him on investment opportunities in the state. They also openly voiced their concerns about the challenges faced in Punjab on the occasion. Several prominent industrialists who have already invested in MP shared their success stories, while others expressed keen interest in exploring opportunities there, citing more favourable policies and incentives. The event turned out to be a gathering of Ludhiana's industry stalwarts — Rajinder Gupta, chairman of the Trident Group, along with the honchos of Vardhman Textiles, Ralson Tyres, Deepak Fasteners, Bhagwati and others. Many industrialists noted that MP had managed to secure over Rs. 15,000 crore in investment commitments from Ludhiana-based companies, thanks to its proactive outreach and ease of doing business. SC Ralhan, president of the Federation of Indian Export Organisations (FIEO), was candid in his critique of the situation in Punjab. "The policies in Punjab are not conducive to the setting up of industry anymore. Power tariffs are high, and sudden shutdowns are causing huge losses, especially with sensitive and expensive machines," he said. Highlighting the acute shortage of labour in the region, Ralhan said, "Over the past two years, labour availability has become a serious issue. The Punjab govt must set up residential clusters in industrial zones to retain workforce. Drawing a comparison with MP, he praised the MP govt for offering timely and useful incentives. "A clear shift is happening. Earlier, it was the big units that invested in MP. Now, even MSMEs will begin moving there due to the policies that the govt has brought in," he said. Sushil Mittal of Bhagwati Lacto Vegetarian, who has already invested in MP, said the state's administration has gone out of its way to support investors. "Every businessman looks at benefits, and MP is offering those benefits. There are more subsidies, less red tape, and a proactive approach. We've set up a food park there and now plan to start a biogas project as well," he added. KK Seth, chairman of the Federation of Industrial and Commercial Organisation (FICO), said the visit has generated strong interest within Ludhiana's iconic bicycle industry. "Eight bicycle companies are ready to go in together with an investment plan. The land prices are quite reasonable, and 25% of our investment is covered through subsidies. If the MP govt gives us a commitment of 10 lakh bicycles through their public distribution schemes, it becomes a viable project for us," he said. Gurmeet Singh Kular, president of FICO, said the interaction with Dr Mohan Yadav left a strong impression. "He appeared to be a very positive and practical CM. Land prices for Rs 800 per square yard, 40% capital subsidy, and six operational airports make investments there attractive," he said.
India.com
20-06-2025
- Business
- India.com
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.
Fashion Value Chain
20-06-2025
- Business
- Fashion Value Chain
Trident Group Leads Environment Week With Green Action
Trident Group, one of India's foremost textile and paper manufacturing conglomerates, commemorated Environment Week 2025 with impactful initiatives aligned to this year's global theme — 'Ending Plastic Pollution.' The week reflected the company's deep-rooted commitment to sustainability, environmental stewardship, and community engagement. At the core of the celebrations was the Nirmal Narmada Abhiyaan, a large-scale river clean-up initiative at Berkheri Ghat in Budhni. With the active participation of over 300 Trident employees and volunteers, more than 15 tons of plastic waste were cleared from the riverbanks, making it a significant act of ecological restoration and public awareness. Furthering its green vision, the Group initiated a tree plantation drive led by Shri Rajinder Gupta, Chairman Emeritus, and Mr. Abhishek Gupta, Chief – Strategic Marketing. This is part of Trident's ambitious goal to plant 20,000 trees, reinforcing biodiversity and environmental resilience. To encourage responsible consumer behavior, Trident distributed cotton fabric bags across local communities to reduce single-use plastic reliance. In parallel, school engagement programs around plastic pollution were conducted to instill environmental awareness in young minds. The Group's Environment Week activities are an extension of its longstanding efforts to integrate sustainability across all operations — from making paper from wheat straw, adopting circular textile practices, shifting to renewable energy, and striving toward zero-waste manufacturing. As the celebrations wrapped up, Trident reaffirmed its belief that collective, consistent efforts can create meaningful change, setting the tone for a greener, more responsible future.
