History 

_x000D_ Trident Limited, a significant player in the global textile industry, is based in Ludhiana, Punjab. Incorporated on April 18, 1990, as Abhishek Industries Limited, the company changed its name to Trident Limited on April 18, 2011. The company is a part of the Trident Group, which is worth USD 3 billion as of June 28, 2022. Trident Ltd manufactures various products like yarn, towels, sheets, paper, chemicals, and captive energy. The company boasts cutting-edge manufacturing facilities in Barnala, Punjab, and Budni, Madhya Pradesh._x000D_ _x000D_ In 1992, the company achieved a significant milestone of securing funding for its Yarn plant in Sanghera, Punjab, through a successful public IPO. This facility produces both cotton and acrylic yarn, used extensively in textiles and fabrics._x000D_ _x000D_ Trident Limited further expanded its operations over the years, gaining recognition as a government-recognised trading house in 1999 and making significant investments in Textiles, Pulp and paper, and Chemical Recovery and co-generation projects. In 2014, it merged with Trident Corporation Limited, a self-owned entity and acquired the world's largest integrated terry towel unit in Budni, Madhya Pradesh._x000D_

Business Segments

_x000D_ Trident Limited is a diversified textile fabric manufacturer that operates through various segments:_x000D_

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• Textile: The company's textile segment includes yarn, towels, bed sheets, and dyed yarn manufacturing. The textile segment is further divided into yarn, bed and bath divisions.
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• Chemicals: The company produces Sulphuric Acid, which is used in various industries such as detergent manufacturing, iron steel units, textile factories, pharmaceuticals, paper industry, dyes and chemicals, alum, detergent slurry, and ETP.
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• Paper: Trident produces and supplies paper products for office and stationery needs under the brand name of “My Choice”. They aim to replace traditional wood-based paper with a more sustainable alternative that benefits both health and the environment.
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• Energy: The energy division of the company generates power using renewable energy sources like biomass, black liquor, and coal.
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• FMCG: Briefly, in 2021, Trident also ventured into the FMCG industry with its detergent powder named “Tri-Safe”.
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_x000D_ The company caters to all segments of the market, including brands, department stores, home speciality chains, mass merchants, and institutional customers._x000D_ _x000D_ As of March 31, 2022, the company boasts a robust customer base spanning 150 countries worldwide. Within its corporate structure, two subsidiaries play pivotal roles: Trident Global Corp Limited, an Indian wholly-owned subsidiary, and Trident Europe Limited, an overseas wholly-owned subsidiary._x000D_ _x000D_ Trident Global Corp Limited primarily operates as the company's retail arm, serving as its prominent presence in domestic markets. It serves as the flagship representation of the company within India and plays a key role in its domestic operations._x000D_

Key Personnel

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• Rajinder Gupta, Founder 
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_x000D_ Rajinder Gupta is the founder of Trident Limited, the flagship company of the $3 billion enterprise Trident Group. Gupta began his career in 1985 when he bought his way into the business of manufacturing auto parts. He is a first-generation entrepreneur who started with a meagre income of ₹30 per day. Today, Trident Ltd. exports to more than 150 countries, accounting for two-thirds of overall revenue._x000D_

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• Deepak Nanda, Managing Director
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_x000D_ The Managing Director of Trident Limited is Mr Deepak Nanda. He has served as a Member of the Management Board since April 22, 2023. Mr Nanda has been Managing Director of Trident Info since 2017._x000D_

Corporate Actions

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• On December 16, 2013, the company divided the face value of its shares from ₹10 per share to ₹1 per share.
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Financial Highlights

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• As of March 2023, the company's net worth is ₹4,193 crore, and its debt is ₹1,460 crore. The debt-to-equity ratio is 0.34, and the company has a CARE AA-/Stable LT Credit Rating and a CRISIL AA-/Stable LT Credit Rating.
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• The company's revenue for FY 2023 was ₹6,332 crore, up 39.8% compared to ₹4,531 crore reported in FY 2021.
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• The company's net worth for FY 2023 increased to ₹4,125.8 crore from ₹3,797.2 crore, an 8.65% increase from FY 2022, mainly due to higher profitability.
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• Finance cost in FY 2023 reduced by 9.8% to ₹77.4 crore.
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