Trident Share Price

Trident Limited

Trident Limited, a part of the USD 3 billion Trident Group, is a rapidly growing global player in the textile industry, headquartered in Ludhiana, Punjab. The company has flourished under the visionary leadership of its founder and Chairman, Mr. Rajinder Gupta, who is a first-generation entrepreneur. Over the years, Trident Limited has established itself as a leading manufacturer of yarn, bath linen, bed linen, paper, chemicals, and captive power. The company’s state-of-the-art manufacturing facilities are located in Barnala, Punjab, and Budni, Madhya Pradesh.

Early Beginnings: Foundation and Incorporation

Trident Limited, originally known as Abhishek Industries Limited, was incorporated on April 18, 1990. The company started small but soon embarked on a path of rapid expansion and diversification. On April 18, 2011, the company changed its name from Abhishek Industries Limited to Trident Limited, marking a significant phase in its journey. Today, Trident Limited is engaged in manufacturing, trading, and selling a wide range of textile products, including yarn, terry towels, bed sheets, paper chemicals, and more.

Yarn Manufacturing and Growth in the Early Years

Trident’s yarn manufacturing unit is in Sanghera, Punjab, and produces both cotton and acrylic yarn. The unit was financed by a public issue in October 1992. The yarn produced by Trident is utilised in various applications, including hosiery products, textiles, and fabrics. To expand its market reach, Trident established an agreement with Sagatex International, UK, for marketing and exporting its cotton production, with up to 50% of its output targeted for export markets.

Expansion of Yarn Manufacturing

Trident’s second yarn manufacturing unit, Unit II, has an installed capacity of 43,392 spindles. This unit focuses on producing dyed cotton, mélange, acrylic, and blended yarn, as well as carded and combed cotton yarn. The first phase of the Unit II project, with a capacity of 36,288 spindles, began commercial production on July 1, 1999. The project, with a total cost of Rs 95 crore, was financed through term loans, a rights issue, and internal accruals.

Recognition and International Expansion

By the year 1999-2000, Trident had gained recognition as a Government Recognised Trading House. This status reflected the high quality of its products and their growing acceptance in international markets. In 2002, the company further expanded its operations with the merger of Varinder Agro. Shareholders of Varinder Agro were allotted 70 equity shares in Abhishek Industries for every 24 shares they held, marking a strategic consolidation.

Major Expansion Projects in Textiles and Paper

In 2003, Trident undertook significant expansions across all its core business areas, with an additional outlay of approximately Rs 9,120 million. This investment was part of a larger Rs 3,000 million expansion in the textile segment, which was expected to be fully operational by July 2004. Trident set its sights on becoming one of the top five manufacturers in the world, with a production capacity of 100 million pieces of textiles per annum.

Simultaneously, the company also began expanding its operations in the pulp, paper, chemical recovery, and cogeneration sectors, with a capital outlay of Rs 6,120 million. These new facilities were expected to be fully operational by early 2006, positioning Trident as a leader not just in textiles but also in the paper and chemicals industries.

The Amalgamation of Trident Corporation Limited

One of the most significant developments in Trident’s history occurred in 2014 when the Honorable High Court for the states of Punjab and Haryana approved the Scheme of Amalgamation between Trident Corporation Limited and Trident Limited. This amalgamation, effective from April 1, 2014, resulted in the integration of the world’s largest integrated terry towel unit, located in Budni, Madhya Pradesh, into Trident Limited.

With an installed capacity of 300 looms, the Budni terry towel unit was a major addition to Trident’s manufacturing capabilities. The project was implemented successfully within the sanctioned capital outlay of Rs 11,910 million.

Expansion into Bed Linen and Spinning Units

In 2015, Trident embarked on another ambitious project, this time focusing on the home textiles segment. The company initiated the implementation of a composite textile project that included a bed sheeting unit with a capacity of 500 looms and an integrated spinning unit with 189,696 spindles. This project, with a total cost of Rs 16,669 million, was expected to be completed by the second half of the financial year 2016.

As part of this integrated project, the production from the spinning segment would seamlessly flow into the sheeting segment, adding value to the textile chain and positioning Trident as a one-stop shop for home textile products. Additionally, the company commissioned an open-end yarn spinning project with 1,920 rotors, capable of producing approximately 10,000 tonnes per annum (TPA) of cotton open-end yarn. This yarn was intended to meet the internal requirements for the terry towel unit in Budni.

Continued Growth and Global Expansion

In 2016, Trident commenced production at its integrated bed linen project in Budni, with a capacity of 500 looms. This project enabled the company to produce 43.2 million meters of bed linen per annum. Additionally, the company revisited its capital expenditure (CAPEX) plan for yarn modernization and captive power projects. During this period, Trident also expanded its global reach by incorporating Trident Europe Limited in the UK to strengthen its marketing presence in European markets.

Modernisation and Upgradation Projects

Trident continued to invest in the modernization and upgradation of its existing facilities to maintain high product standards. In 2019, the company’s board approved an expansion project in the yarn segment, which included the installation of 162,432 spindles and 3,600 rotors, allowing Trident to manufacture approximately 48,482 TPA of yarn at its Budni facility. The board also approved the implementation of a captive cogeneration steam and power plant to meet the company’s power and steam requirements.

Amalgamation and Corporate Restructuring

In 2019, the National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation of Lotus Hometextiles Limited with Trident Limited. This move streamlined Trident's corporate structure and enhanced operational efficiency. Additionally, Trident Infotech Inc., a foreign associate of the company, was voluntarily dissolved during the year under review.

Expanding Product Lines: Detergents and Solar Power

Trident has consistently diversified its product offerings. In 2021, the company commenced the production of detergent powder at its Budni facility, with an initial capacity of 10 metric tons per day. This marked Trident’s entry into the consumer goods segment under its chemical division. In the same year, the company expanded its yarn segment by adding 61,440 spindles and 480 rotors. It also commissioned a 7.6 MW solar power plant at Budni for captive use, reinforcing its commitment to sustainability and renewable energy.

#3 Recent Expansions and Acquisitions

Trident expanded the production capacity of its bed linen segment by 55,000 meters per day and increased its bath linen production by installing 42 looms. Additionally, the yarn segment saw further growth with the installation of 23,712 spindles. On December 1, 2022, Trident acquired 100% equity share capital of Trident Home Textiles Ltd., thereby increasing its holding in Trident Global Inc. to 73.5%.

Outlook Overview

Trident Limited’s journey from a small textile manufacturer to a global player is a story of vision, innovation, and relentless pursuit of excellence. With a diverse product portfolio that includes yarn, bath linen, bed linen, paper, chemicals, and power, Trident has carved a niche for itself in both domestic and international markets. The company’s continued focus on expansion, modernisation, and sustainability ensures that it remains at the forefront of the industry. As Trident moves forward, it is poised to achieve even greater success and solidify its position as a global leader in the textile industry.