Trident Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Trident Limited, formerly called as ' Abhishek Industries Limited' a leading manufacturer of textiles (yarns and terry towels), papers and chemicals both in India and overseas.
The company manufactures, trades and sells yarns, hosiery & Weaving, terry towels, dobbies, jacquards, paper products, digital printing products, chemicals like sulphuric acid , pharma products .
Trident Limited produces 1.08 million bathrobe per year, 450 tonnes of paper per day, 50 megawatts energy, 75 tonnes of chemical per day. Trident being the largest manufacturer of terry towels in the world (360 million towels per year)and also the world leader in bed linen manufacturing around 9 million sheet sets per year.
Trident Limited serves customers in 150+ countries with 25+ plants and stores in 15+ locations including New York and England.
As of 6th May,2024, Trident share price is Rs. 39.25
Trident Limited Moves In 2024
April 2024
Trident Limited has added a solar project in Madhya Pradesh for a capacity of 5.5 MWp.
In observance of World Health Day and GOI's Blindness Awareness week, Trident Group hosted an awareness program.
Trident share price for the month of April was Rs. 39.50
March 2024
Mr. Harshavardhan Chauhaan has been appointed as the CMO of Trident Group.
Mr. Abhishek Gupta ,the Chief Strategic Marketing at Trident Limited has been appointed as the Chairman of CII Punjab.
Trident share price for the month of March was Rs. 39.35
February 2024
Trident Limited has reported net sales of Rs.1835.34 crore which increased by 11.81$ on YoY basis, as per its consolidated Q3 statement. The company has also reported a loss in its profit by 25% due to an increase in expenses by 16%.
Mr. Samir Joshipura has been appointed as the Trident Group CEO.
At Bharat Tex Exhibition, Trident Group participated as the silver sponsor and also exhibited its vision for sustainability and innovation.
Trident share price for the month of February was Rs. 36.55
Evolution Of Trident Limited: From Past to Present
|
Year |
Evolution |
|
1990 |
Trident Limited was incorporated as Abhishek Industries Limited on 18th April, 1990. |
|
1992 |
Trident Limited raised finance through a public issue for its Punjab yarn plant. |
|
1999 |
Started commercial operation of Unit II for production of yarns through loans and right issues. |
|
2000 |
Received the status of ‘Government Recognized Trading House’ |
|
2002 |
Company merged with Varinder Agro. |
|
2003 |
With an expenditure of Rs. 9120 million, the company expanded its business operation. |
|
2011 |
Renamed as Trident Limited on 18th April, 2011. |
|
2014 |
Received approval of Amalgamation of Trident Corporation Limited on 1st April, 2014 |
|
2015 |
Implemented composite textile project |
|
2016 |
Launched Trident Europe Limited in UK |
|
2019 |
Modernized and upgraded existing facilities. |
|
2021 |
Started production of detergent powder. Implemented 7.6 MW solar power plant at Madhya Pradesh. |
|
2022 |
Trident purchased Trident Home Textiles Limited. |
|
2023 |
Trident Limited started a captive power project. |
|
2024 |
Trident Limited increased the capacity of the solar power project. |
Trident Limited Company Information
|
Company Information |
|
|
Name |
Trident Limited |
|
Founded year |
18th April, 1990 |
|
Parent Company |
Trident Group |
|
Headquarters |
Ludhiana ,Punjab, India |
|
Industry |
Textiles |
|
Chairman |
Mr. Rajinder Gupta |
|
Parent Company |
Trident Global Corp Limited Trident Infotech Limited Trident Home Textiles Limited Abhishek Industries Inc. Trident Europe Limited Trident Agritech Limited Abhishek Global Ventures Limited |
|
Revenue |
Rs. 6332.26crore(2023) |
|
NSE code |
NSE:TRIDENT |
|
BSE code |
BSE:521064 |
Inside Trident Limited
Trident Limited News
Trident Limited has added a solar project in Madhya Pradesh for a capacity of 5.5 MWp.
Trident in collaboration with Josh Talks, inaugurated a new campaign called ‘ Karamyogi Ki Udaan’
In January 2024, Trident share price rose by 19% , after the company had announced SEBI its plant for yarn business expansion at Madhya Trident Limited has added a solar project in Madhya Pradesh for a capacity of 5.5 MWp Pradesh.
Trident celebrated its ‘Mission Day ‘ on 15th April,2024.
Trident Share Price Today
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
Trident Limited |
Textiles |
Milestones of Trident Limited
|
Year |
Milestones |
|
1985 |
Started as a chemical plant manufacturing Fertilizer, sulphuric acid and paper. |
|
1990 |
Started manufacturing alum and cotton yarn. |
|
1993 |
First paper unit. First yarn spinning unit. |
|
1995 |
Started processing of cotton yarn and terry towel |
|
1996 |
Ventured on business in Chandigarh |
|
1998 |
First towel unit . Second yarn spinning unit. |
|
1999 |
Launched chemical recovery. Started power plant with capacity 9.4 MW. |
|
2004 |
Started the third yarn spinning unit. |
|
2006 |
Started the fourth yarn spinning unit. |
|
2007 |
Setup textile park. Started a power plant with capacity 20 MW. |
|
2008 |
Started a second paper unit at Dhaula. Started a power plant with capacity 20 MW. |
|
2009 |
Started the fifth yarn spinning unit. Started bath linen third unit. |
|
2010 |
Started the sixth yarn spinning unit. |
|
2012 |
Started the seventh and eighth yarn spinning unit. |
|
2014 |
Started ninth yarn spinning unit. Started a terry towel unit at Budhni. |
|
2015 |
Started the largest global bath linen unit at Budhni. Started tenth yarn spinning unit. |
|
2020 |
Manufactured TRI phase PPE kit during Covid pandemic. |
|
2021 |
Manufactured notebooks, rugs, tri safe washing powder. |
|
2022 |
Started eleventh yarn spinning unit. Started second sheeting division at Budhni. |
|
2023 |
Trident Limited started a captive power project. |
|
2024 |
Trident Limited increased the capacity of the solar power project. |
Awards & Achievements of Trident Limited
Won prestigious Best Design and Concept award at PaperEx 2023.
Trident Group's branding studio was awarded ' Best In House Design Studio Award' at India's Best Design Awards 2023.
Conclusion
Trident Limited, a global conglomerate worth USD 1 billion, is deeply rooted in home textiles, paper, and chemicals. The company has launched numerous CSR initiatives aimed at improving lives through education, women's empowerment, healthcare, employment, and efforts to reduce its carbon footprint. Trident is ambitiously striving to reach its revenue goal of Rs. 25,000 crore and net profit of Rs. 3,000 crores by 2025. The industry is gearing up for the future with smart individuals, advanced factories, and cutting-edge technologies, embracing Industry 4.0.
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Frequently Asked Questions
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What is the Trident Share Price target in 2024?
It’s predicted that Trident share Price to reach from Rs.43.11 to Rs. 56.82 in 2024.For real-time insights into the future of Trident Share Price, visit Enrich Money.
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