Rajinder Gupta who is the founder and chairman of Trident Group, has been named the richest person in Ludhiana.
Rajinder Gupta, a prominent businessman and the founder of the Trident Group, has been recognized as Ludhiana's wealthiest individual in the latest Hurun India Rich List for 2024. Gupta's success, highlighted by his significant net worth and the expansion of his business empire, underscores his influential role in the region's economic landscape.
1. Ludhiana's Wealthiest Individual:
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According to the Hurun India Rich List 2024, Rajinder Gupta, the founder and chairman of Trident Group, has emerged as the richest person in Ludhiana, Punjab.
2. Early Industry Ventures:
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During India’s liberalization era, Rajinder Gupta planted the seeds of industry on Punjab’s fertile land, contributing significantly to the region’s economic growth.
3. Founding Abhishek Industries:
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In 1985, Gupta established Abhishek Industries, a company specializing in fertilizers, marking his entry into the business world.
4. Expansion into Spinning Mills:
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Six years later, in 1991, Gupta expanded his business by opening a spinning mill in partnership with another company, further broadening his business footprint.
5. Net Worth and Market Capitalization:
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As of 2024, Rajinder Gupta’s net worth is reported to be $1.6 billion (approximately ₹13,280 crore), with Trident Group's market capitalization standing at ₹18,676 crore, according to Forbes.
