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Rajinder Gupta The man who leads the prestigious Trident Group




Rajinder Gupta The man who leads the prestigious Trident Group

Rajinder Gupta The man who leads the prestigious Trident Group

A smart man had as soon as stated that; “Power and prosperity are fine shared”! That guy these days leads certainly one of global’s maximum prestigious – Trident Group!

Born on the second of January 1959, Rajinder Gupta is currently the Chairman of Trident Group, a commercial enterprise organization with its headquarters positioned in Ludhiana, Punjab. Trident Group usually offers in Home Textiles, Paper Manufacturing, Chemicals and Power.

Under his strategically ideal management, the institution has grown on the price of over 30% annually and has gone directly to become one in every of the biggest yarn spinners in India, leading global manufacturers of terry towel and international’s biggest wheat straw primarily based paper manufacturers.

Rajinder being the primary person to go into entrepreneurship possesses over three many years of enterprise revel in, and to feature to that; he additionally holds highly different publicity to promoting business ventures & maintaining Directorship of numerous businesses.

Other than being an lively member of numerous trade and management groups, Rajinder is also actively associated with pretty a few philanthropic ventures too.

Some of the strategic positions that he holds consist of: –

Vice Chairman inside the Punjab State Planning Board (PSPB) inside the Rank of Cabinet Minister

Advisor to the Deputy Chief Minister of Punjab on topics related to Government Reforms, Employment, Skill Development, Technical Education, Industrial Investment and Infrastructure

On the Board of Governors of Punjab Bureau of Investment Promotion as a Representative of Trade, Industry & Commerce

Chairman of Advisory Council of Federation of Indian Chambers of Commerce & Industry (FICCI) for the states of Punjab, Haryana, Chandigarh & Himachal Pradesh

Personally; a Harvard graduate – Rajinder has also completed his research from ISB Hyderabad & Templeton College University of Oxford.

He is a proud father of a daughter – Neha Gupta who holds a master’s degree in finance from the Cass Business School, London and a son – Abhishek Gupta who currently took over the placement of Managing Director within the company, is a graduate from University of Warwick, UK.

EARLY LIFE

Rajinder changed into the son of a totally small-time cotton trader in Punjab itself. Coming from such an ordinary heritage, he was pressured to drop out of school at an early age of 14 while he in his ninth grade. Soon after which he commenced his career by using doing strange jobs like making cement pipes, candles, and so forth and earned a negligible quantity of INR 30 an afternoon.

Now again then, who could have known that, this guy might cross on to become what he's these days!

Also Read:- “To be a better mom or to be a successful mompreneur?” – Amala, Founder of KIDZBUY- Books for kids India

And, after running difficult for decades; Rajinder determined to start some thing of his personal within the yr 1985.

One aspect caused another and with an preliminary investment of INR 6.Five crores he installation his first ever fertiliser manufacturing plant referred to as Abhishek Industries, on a licence granted by using his pals inside the Union government.

TRIDENT GROUP

Rajinder changed into one of the only few who took several ambitious risks in the course of a time when Punjab changed into going thru a violent section and turned into considered to be exceptionally volatile. This became the time while capital and businesses was leaving the kingdom but rather, unlike others, Rajinder took a different route and began establishing industries.

In the year 1991, with the help of his buddies inside the country authorities which was then beneath the governor’s rule, got into a JV in a spindle mill at Barnala, which lower back then held heavy activities of terrorism.

Being a self-made a success first-technology entrepreneur, Rajinder turned into now being called the Dhirubhai Ambani of Punjab. He became the suitable instance how a true businessman need to be!

On 18th of April 1990, the company decided to include itself inside the country of Punjab, and with that got here into picture – Trident Limited.

And soon after that; for the primary time, the organization decided to diversify its reach into yarn, paper and terry towels as well.

Having stated that; they quick applied its yarn spinning assignment into joint region with PSIDC! This become being accomplished to set-up production facilities for cotton yarn which had an hooked up potential of 24,960 spindles.

And from right here onwards; boom & success went hand-in-hand! The chain of events that passed off henceforth are stated underneath: –

At first; because of increase inside the commercial enterprise they upgraded their ability to 32,400 spindles.

Also Read:- “Most important thing in business is, product acceptability by customers!” -Swathi, Founder – A Toddler Thing

In the yr 1998; at an expenditure of INR 9500 lakhs, the joint challenge of PSIDC and Trident setup another unit of 43,392 spindles out of which 36,288 spindles started business production inside a yr.

Uniquely, they have been using a version which made them self-reliant and at the identical time stored big cash that is incurred on strength except. So for example, for its paper commercial enterprise it used only agro residue which intended no falling of bushes.

Plus the energy that it co-generated as a by-product got diverted to the terry towel plant. The corporation makes use of superior technology to manufacturer its wheat-straw primarily based paper which enables in reducing enter expenses, accordingly saving kind of 5000 timber consistent with day.

Later in 2005, the organization also multiplied its potential by using over 3 times, taking it to 29,000 tonne in step with annum within the towels enterprise.

Soon after that; the enterprise at the side of terry towels also started out exporting surplus yarn which began from 17,000 spindles and went directly to growth to over 60,000 spindles.

While this enterprise of theirs was progressing easily; Rajinder with an goal to expand into a couple of genres, additionally started out many different affiliations underneath the organization such as: –

  • Trident International, Inc.
  • Trident Limited
  • Trident Infotech Corporation Limited
  • Federation of Indian Chambers of Commerce and Industry
  • Trident Infotech Limited
  • Trident Global Corp Limited

In 2012, the top-stage positions got reshuffled and the organization appointed Abhishek Gupta – as their new Managing Director, who till then was leading the agency’s commercial, deliver chain, undertaking and operations team; whilst Rajinder moved to the post of the Chairman.

And with that, Abhishek also became one of the young Managing Directors in the united states of america.

Besides that he also took care of company marketing, innovation group and presenting strategic path.

In the 12 months 2013, with the approval of The Board of Directors of Trident Limited [TL] and Trident Corporation Limited [TCL], in their respective meetings; Rajinder took a big step towards with the aid of merging both the companies.

And due to such beautiful development inside the beyond; nowadays, the Trident Group has turn out to be a BSE & NSE indexed enterprise conglomerate and operates in 5 foremost enterprise segments i.E. Yarn, Terry Towels, Paper, Chemicals and Captive Power.

Also Read:- “It’s hard to convince top schools about the idea of learning through stories!” – Priya, storyteller & founder of Kathapriya

Currently, the important thing human beings of the organization who cope with the most important functioning include: Rajinder Gupta – Chairman, Pallavi Shroff – Director and ultimately Abhishek Gupta – Managing Director / Institution Builder / Member of the Corporate Advisory Board

The flagship enterprise of the organization – Trident Limited, today reaches out to clients which can be unfold in extra than 75 international locations across 6 continents.

The Group has correctly carried out projects really worth INR 36000 Million over ultimate five years.

Trident Limited is certainly one of the largest yarn spinners in India, one of the pinnacle five of the world’s largest terry towel producers and the world’s biggest wheat straw based paper manufacturer.

To add to that; Trident attracts 10% of its Paper section sales i.E. INR 7,248 Million via simply exporting its goods across 35 international locations such as India, Middle East, Africa, U.S., Latin America and the U.K. Through a network of 60 vendors.

Their Textile wing contributes to extra than seventy five % & Paper segment contributes 20% of the group’s total commercial enterprise. Also Trident is broadly considered to be one of the lowest-value manufacturers of paper in the mid-phase. To upload to that, their paper and chemicals department additionally produces sulphuric acid and co-generates soda restoration as nicely.

Presently, they hold one among India’s biggest unmarried-location spinning capacities, which presents the economies of scale in production. Their facilities combine imported present day Machineries from Rieter–Switzerland, Murata–Japan, Zinser–Germany and Savio–Italy.

The organization has tied-up with some of global’s exceptional technology partners and system companies to get the pleasant-in-elegance, cost-effective and fast produced products. Being the sector’s biggest terry towel manufacturer; Trident has been associated with a number of world’s most famend retail organizations as its clients, a number of those consist of: Ralph & Lauren, Calvin Klien, Target, IKEA, Wal Mart, Bed, Bath and Beyond, J C Penny, Chris Madden, TJ Maxx, Luxury Linens, and so on and plenty of extra…

Hence, with revenues worth INR 3358 crores (US$530 million) inside the financial yr 2012–13; Trident Group these days money owed to a $ 1 billion employer and has an employee headcount of more than 10,000 direct and 20,000 indirect employees.

At the same time, unlike many different organizations; Trident Group also remains the state’s single biggest corporation of approximately 1,500 girls who are frequently rural ladies. And to not directly benefit the 20,000 families, he makes use of a mixture of regionally produced uncooked substances for his various business portfolio of paper, chemical substances, IT, textile, strength and pharmaceuticals.

It has also currently become the primary corporate in India to disburse the salaries of its employees the usage of the Aadhaar Payment Bridge (APB), wherein the salary of the personnel might be transferred to their Aadhaar Card-connected bank bills.

Other than that; being the type-hearted character that he is, Rajinder under the wing of the ‘Trident Group’, has additionally installed and financed many academic and cultural institutes in India, along side that they keep a long records of philanthropic activities too. Some of these encompass:

  • Takshashila Centre for Excellence – A vocational institute, which become inaugurated in 2004
  • Sacred Heart School – Trident Group has adopted this college, together with a provide of INR 10 lakhs for improvement & management of library and sports for the school kids. Some of family participants which in particular encompass spouses of the Trident personnel educate at the school.

Also Read:- “We have a great team, strong community of parents and educators, scalable solution and a problem to be solved” – Sneha, Founder – ‘Kutuki’

AWARDS & RECOGNITION

  • Awarded as “Entrepreneur of the Year” by means of the Government of India (1985)
  • Awarded with “Udyog Patra Award” with the aid of Dr. Shankar Dayal Sharma, the then Vice President of India (1999)
  • Awarded with “Udyog Ratna” by means of the Chief Minister of Punjab (2004)
  • Listed among the pinnacle 20 India Inc Icons for “Entrepreneur of the Year Awards” via Ernst & Young (2004)
  • Received the “PHDCC Distinguished Entrepreneurship Award” by The President of India (2005)
  • Received the prestigious “Padma Shri Award” from Dr. APJ Abdul Kalam, the then President of India in reputation of outstanding service in the subject of Trade and Industry (2007)
  • Awarded the prestigious “International dealer of the 12 months” Award by Wal-Mart


Date

08 Mar, 2023

Author

CrowdforThink

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