Abhishek Industries Ltd, the flagship company of the Trident group, which has interests in yarn, terry towels, paper, chemicals and energy, is soon venturing into a sugar and distillery project and the IT sector.
The company also plans to more than double the capacity of its paper operations. Rajinder Gupta, CEO and managing director of the Trident group, spoke to Business Standard about the company's plans. Excerpts:
What has been the impact of your tie-ups with international players?
After the quota era, Abhishek Industries has been able to achieve a compounded annual growth rate of 30 per cent. We are today rated as one of the fastest growing companies of the country.
Although we started exporting terry towels in 1998, the real boom came only after 2000, when we tied up with global retail giants like Wal-Mart, which helped us gain the first-mover advantage in towels.
Such associations not only gave us the much-needed financial buffer in terms of business volumes, but also encouraged us to improve our quality systems to meet their stringent standards, and further cutting down our delivery times to meet the global market needs.
Today, besides Wal-Mart, Abhishek Industries also supplies terry towels to department stores, mass merchants, specialty stores, club stores and premium brand stores across the US and Europe. The company is also shipping to major hotel chains and new format retail chains in India.
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