Latest news with #TridentGroup
Fashion Value Chain
2 days ago
- Business
- Fashion Value Chain
Trident Explores Global Growth with Paraguay President Visit
In a significant step toward global expansion, Trident Group, one of India's leading textile and diversified manufacturing conglomerates, engaged in a high-level meeting with the President of Paraguay, Mr. Santiago Peña, during his official visit to Mumbai. The dialogue marked a critical diplomatic and commercial moment for both nations, with a focus on investment and industrial collaboration. The meeting was initiated as part of Paraguay's strategic outreach to attract Indian investments in key sectors such as textiles, chemicals, and pulp & paper industries, where Trident has demonstrated international leadership. President Peña recognized Trident's achievements in sustainable manufacturing and its potential as a transformative partner in Paraguay's industrial growth story. 'We are honored by President Peña's outreach. Paraguay's proactive vision for global partnerships is inspiring,' said Mr. Rajinder Gupta, Chairman Emeritus, Trident Group. 'Their cost-effective ecosystem and strategic access to regional markets make Paraguay a promising destination for Trident's future operations.' Paraguay offered a compelling case for Indian investment, highlighting advantages such as: Low labor and real estate costs Abundant hydroelectric energy with globally low tariffs Strategic access to Latin American markets via Mercosur membership The engagement reflects Trident's broader commitment to eco-conscious global expansion and inclusive growth, aligning with its long-standing vision of building globally integrated, sustainable enterprises. The company views Paraguay as a gateway to Latin America—with upcoming dialogues expected to define the roadmap for future partnerships. This interaction also marks a new chapter in India–Paraguay economic diplomacy, opening doors for other Indian manufacturers aiming to expand internationally with sustainability and scalability at the forefront.
India.com
5 days ago
- Business
- India.com
Meet Richest Man In Ludhiana: Dropped Out At 14, Worked For Rs 30 A Day, Now Has Net Worth Of Rs 11,666 Crore, His Business…
photoDetails english Updated:Jun 04, 2025, 01:12 PM IST Billionaire Built From Scratch 1 / 8 The most inspiring success stories come from those who start with nothing. Rajinder Gupta, the founder of Trident Group, once worked as a labourer earning Rs 30 a day. Struggles in Early Life 2 / 8 Born into a family of cotton traders in Punjab, Gupta had a difficult start. Due to financial hardship, he had to drop out after Class 9. With no formal education or resources, he began working various small jobs — including making candles and cement pipes for Rs 30/day — to support his family. The Turning Point 3 / 8 In 1985, Gupta took a huge risk. Despite his limited background, he invested Rs 6.5 crore into a fertiliser business called Abhishek Industries. This was the beginning of his entrepreneurial journey, laying the foundation for what would later become Trident Group. Expansion Into Textiles and More 4 / 8 By 1991, Gupta had launched Katai Mill as a joint venture — a move that proved profitable. Over the years, his business diversified into textiles, paper, and chemicals, expanding operations across Punjab and Madhya Pradesh. Trident became a symbol of industrial success in North India. Trident Group's Global Presence 5 / 8 Today, Trident is a global player in home textiles and paper manufacturing. Its clients include international retail giants like Walmart, JCPenney, and Luxury and Linen. Trident's towels and bedsheets are among its top-selling products. Ludhiana's Richest Man – Hurun List 2024 6 / 8 As per the Hurun India Rich List 2024, Rajinder Gupta is the richest man in Ludhiana. Notably, he is also one of only two billionaires from the city, highlighting the scale of his impact on Ludhiana's industrial landscape. Recognition & Leadership Role 7 / 8 In 2007, Gupta was honoured with the Padma Shri by the Government of India for his contribution to trade and industry. Though he stepped down from Trident's Board in 2022 due to personal reasons, he continues to serve as Chairman of Trident Limited. Net Worth Journey 8 / 8 According to Forbes, Rajinder Gupta's net worth in 2024 stands at USD 1.6 billion (Rs 11,666 crore), up from USD 1.4 billion in 2023. However, it was even higher in 2022 — USD 2.6 billion. His journey from earning Rs 30/day to building a billion-dollar empire is a rare story of grit, vision, and relentless effort.
Hindustan Times
21-05-2025
- Business
- Hindustan Times
DLF expects to launch its Mumbai project in Q1 FY26, Goa project in the second half of the year
Real estate major DLF has announced plans to launch the first phase of its Mumbai project by June 2025, within the first quarter of the current financial year. The company also plans to enter the Goa real estate market, with its debut project scheduled for launch in the second half of the financial year. 'We are working towards launching our first Mumbai project by Q1 FY26,' said Aakash Ohri, joint managing director of DLF, during the Q4 FY25 investors' call. Explaining the delay, Ashok Kumar Tyagi, managing director and chief financial officer (CFO) of DLF, said, "The reason for the delay in the project is because of the multiplicity involved in the project, since it is a slum rehabilitation project." DLF is developing its first project in the Mumbai real estate market in partnership with the Trident Group under the Slum Rehabilitation Authority (SRA) scheme. Located in Andheri, the project's first phase will span approximately 1 million square feet. Initially announced in January 2024, the project will offer premium 3 BHK and 3 BHK+ apartments, with prices expected to range between ₹5.5 crore and ₹7.5 crore. DLF announced its re-entry into the Mumbai real estate market in July 2023. In 2005, DLF purchased 17 acres of prime mill land in Lower Parel at a National Textile Corporation auction for ₹704 crore, the highest bid at the time. After the 2008 economic crisis, it changed its plans and sold the land to Lodha, also known as Macrotech Developers, for ₹2,700 crore in 2012. Also Read: Here's why Mumbai's redevelopment boom is drawing developers from Bengaluru, NCR, and Hyderabad According to Tyagi, the Goa project will be launched in the second half of the ongoing financial year. As per media reports, DLF is expected to launch 62 ultra-luxury villas in Goa, priced between ₹40 crore and ₹50 crore. On an analyst call, Aakash Ohri said, "...there is a sizable demand for both the products, both here (Delhi) in Privana and in Mumbai, both from the micro-geographies, rest of the countries, as well as the NRIs. " He further highlighted that, "Presently, the two Privanas that were sold last year are trading at a premium of ₹2,500 to ₹4,000 psf at present." On housing demand in 2024-25, Ohri said, "Housing demand for good houses continues there and Gurgaon today has become a very solid investment option too" He owed the growing demand in Gurugram to the cyber city, along with the major workforce." Also Read: DLF's Aakash Ohri says 'careful, cautious, and confident' about upcoming Mumbai project launch Buoyed by record pre-sales in the last fiscal, India's largest realty firm DLF on May 20 said it is targeting to sell housing properties worth ₹20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On May 19, DLF reported record sales bookings of ₹21,223 crore in 2024-25, an increase of 44% from ₹14,778 crore in the preceding financial year. In a conference call with analysts held on May 20, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is ₹20,000-22,200 crore." Also Read: DLF profit surges 39% in January-March quarter to touch ₹1282 cr; sales bookings up 44% to clock ₹21,223 cr in FY25 He said the company would like to maintain the sales momentum achieved during the last financial year.
Fashion Value Chain
07-05-2025
- General
- Fashion Value Chain
Trident Launches ‘Nirmal Narmada Abhiyan' Cleanup Drive
In a powerful celebration of Earth Week, Trident Group reaffirmed its environmental commitment through the 'Nirmal Narmada Abhiyan', a large-scale river cleanup and awareness campaign held at Avali Ghat, Budhni. Spearheaded by the Trident Humanity Foundation under the visionary leadership of Padma Shri Rajinder Gupta, Chairman Emeritus, and CSR Head Madhu Gupta, the initiative aimed to preserve the sacred Narmada River while promoting grassroots environmental stewardship. More than 100 volunteers, including Trident employees, CSR team members, and local community members, participated in this collaborative effort. The event saw encouraging support from Sub-Divisional Magistrate Mr. Dinesh Singh Tomar and Mr. Nitin Malhotra, along with coordinated efforts from village leaders and CSR representative Arvind Giri. As part of its Earth Week outreach, Trident also hosted a drawing competition for specially-abled children in Sanghera, Punjab—encouraging them to channel their creativity toward environmental themes. Across company locations, Trident employees embraced green office practices and engaged in sustainability-themed internal competitions. Trident's ongoing CSR ethos continues to reflect a seamless integration of Corporate and Individual Social Responsibility, fostering a culture of purpose-led participation at all levels. The 'Nirmal Narmada Abhiyan' is part of Trident's broader sustainability roadmap, reinforcing its dedication to long-term environmental and social impact.
