TridentGroup

TridentGroup
Public
(BSE: 521064NSE: TRIDENT)
Founded 1990[1]
Headquarters Punjab, India
Area served
 Worldwide
Key people
 Rajinder Gupta, Chairman
Deepak Nanda, Managing Director
Pallavi Shroff, Director
Abhishek Gupta Institution Builder and Member of the Corporate Advisory Board
Products Yarns, Terrycloth, paper and chemicals
Revenue Increase INR3358 crore (US$530 million) (FY 2012–13)[2]
Profit IncreaseINR4.29 billion (US$68 million) (FY 2012–13)[2]
Number of employees
 ~10,000 (2012)
Website www.tridentindia.com

TridentGroup (BSE: 521064, NSE: TRIDENT) is an Indian business conglomerate headquartered in Ludhiana, Punjab, India. The group operates in five major business segments: Yarn, Terry Towels, Paper, Chemicals and Captive Power.[3] Trident Limited, the flagship company of the group has its customer base in more than 75 countries across 6 continents. Trident is one of the largest yarn spinners in India, one of the world’s largest terry towel manufacturers and the world’s largest wheat straw based paper manufacturer.[4]

The company is headed by Mr. Rajinder Gupta. Trident is one of the world’s largest terry towel manufacturers and has recently been awarded the prestigious "International supplier of the year" Award by Wal Mart.[5]

History

The group was earlier known as Abhishek Industries. It was incorporated on April 18, 1990 in the state of Punjab. In 1992, the company started implementing its yarn spinning project in joint sector with PSIDC to set up manufacturing facilities for cotton yarn with an installed capacity of 24, 960 spindles. Subsequently, the capacity was upgraded to 32,400 spindles. In the year 1998, PSIDC and the company set up another unit of 43,392 spindles at a capital outlay of Rs. 9500 lacs out of which 36,288 spindles started commercial production from July 1, 1999.[6][7]

Achievements and awards

Yarn

Trident has one of country’s largest single-location spinning capacities, providing the economies of scale in production. Trident has imported state-of-the-art Machinery from Rieter-Switzerland, Murata- Japan, Zinser- Germany and Savio- Italy besides LMW-India and boasts of a wide range of product basket across cotton yarn, blended yarn, special open-ended & other specialized yarns, organic cotton and spun yarn categories.[8][9]

Trident Limited has an installed capacity of 365,904 spindles and 5500 rotors, capable of manufacturing 8,400 tonnes of cotton and blended yarn per month. The Company also has Yarn processing capacities of 6,825 TPA. Yarn segment contributes 46% to the Company’s aggregate revenues. Yarn segment has export presence in 19 countries and witnessed 27% exports contribution to the total Yarn revenues of INR 16,837 million during FY13.

Terry Towels

The Company is amongst world’s largest terry towel manufacturers and draws economies of scale from large capacities. Trident is associated with some of world’s most renowned retail companies as its customers. Ralph & Lauren, Calvin Klien, Target, IKEA, Wal Mart, Bed, Bath an Beyond, J C Penny are the leading ones to name. Trident has tie-up with some of global-best technology partners and system providers to bring best-in-class, cost-effective and fast produced products.

Trident had installed capacity of 688 looms of different specifications namely Jacquards, Air Jet Dobby and Rapier Dobby. Company has strong exports market across 70 countries contributing 85% to the segment’s total revenues of INR 12,694 million. Trident’s Home Textiles products are sold under various established brands, namely Home Essential, Classic, Kids & Mom, Floral, Colors, Indulgence.

Paper

Trident is world’s largest wheat straw based paper producer. Trident draws 10% of its Paper segment revenues (INR 7,248 million) from exports across 35 countries including India, Middle East, Africa, U.S., Latin America and the U.K. through a strong network of 60 distributors. Paper segment contributes 20% to the Company’s total revenues.

Using advanced technology in wheat-straw based paper manufacturing, the Company is able to progress towards sustainable growth by reducing input costs, saving nearly 5000 trees per day and adding environmental sustainability. The Company uses its by-products to generate co-generation power to save energy cost. The Company has its focus on producing eco-friendly paper. The Company also uses Elemental Chlorine Free (ECF) pulp to reduce environmental impact. The company has per day production capacity of 450 MT of paper and 265 tonnes of pulp. During FY13, the Company produced 152,811 MT of paper products and recorded sales of 153,028 tonnes which was 4.5% higher than FY12.

Merger of Trident Corporation

The Board of Directors of Trident Limited [TL] and Trident Corporation Limited [TCL], in their respective meetings held on 9 October 2013, approved the proposal to merge TCL into TL. The amalgamation is subject to statutory / regulatory, shareholder and creditors approvals as relevant.[10]

CSR

The TridentGroup has helped establish and finance many educational and cultural institutes in India. The group has a long history of philanthropic activities. Some of the institutes established by the group include:

Takshashila Centre for Excellence - this is a vocational institute, which was inaugurated in 2004.[11]

Sacred Heart School - the group has adopted this school, along with a grant of Rs. 10 lakhs for the library and sports development and management for the school children. Some family members - mainly spouses - of the Trident employees teach at the school.[12]

References

  1. ↑ "Abhishek Industries". Economic Times. Retrieved 19 November 2010.
  2. ↑ 2.0 2.1 "BSE Plus". Bseindia.com. Retrieved 3 October 2013.
  3. ↑ "About TridentGroup". barnala.gov.in. Retrieved 2014-06-02.
  4. ↑ "TridentGroup". indiantextilemagazine.in. Retrieved 2014-06-02.
  5. ↑ "Rajinder Gupta". Investing.businessweek.com. Retrieved 2014-06-02.
  6. ↑ "About TridentGroup History". economictimes.indiatimes.com. Retrieved 2014-06-02.
  7. ↑ "About Trident Limited". profit.ndtv.com. Retrieved 2014-06-02.
  8. ↑ "Trident Ltd set to ramp up yarn production at Budhni plant". indiatimes.com. Retrieved 2014-09-02.
  9. ↑ "Trident achieves optimum plant" (PDF). . Retrieved 2014-09-02.
  10. ↑ Trident India (3 October 2013), Trident Limited Q2 FY’14 yarn sales surge 25%, retrieved 9 March 2013
  11. ↑ http://timesofindia.indiatimes.com/home/The-vocational-institute-has-been-opened-at-the-Takshashila-situated-at-Trident-group-Dhaula-complex-in-Barnala-Trident-MD-Rajinder-Gupta-announced-complete-support-not-only-to-the-institute-but-also-to-the-learners-/articleshow/9758328.cms
  12. ↑ http://besmangalore.org/index.php/sacred-hearts-high-school-kulshekar/94-our-institutes/sacred-heart-convent-school-barnala-

External links

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