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| Type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 1959 |
| Founder | Uttambhai Nathalal Mehta [1] |
| Headquarters | Ahmedabad, Gujarat, India |
Area served | Worldwide |
Key people | |
| Subsidiaries |
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Torrent Group is an Indian multinational conglomerate, based in Ahmedabad. It was founded by Uttambhai Nathalal Mehta, [1] and now run by his sons, Sudhir and Samir Mehta. [2] The core businesses of the group are gas, pharmaceuticals and power. [3]
The various companies under the Torrent banner are:
In 2020, the company has contributed a total of 100cr to PM fund to fight against coronavirus pandemic. [4]
Gujarat is a state along the western coast of India. Its coastline of about 1,600 km (990 mi) is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some 196,024 km2 (75,685 sq mi); and the ninth-most populous state, with a population of 60.4 million. It is bordered by Rajasthan to the northeast, Dadra and Nagar Haveli and Daman and Diu to the south, Maharashtra to the southeast, Madhya Pradesh to the east, and the Arabian Sea and the Pakistani province of Sindh to the west. Gujarat's capital city is Gandhinagar, while its largest city is Ahmedabad. The Gujaratis are indigenous to the state and their language, Gujarati, is the state's official language.
Ahmedabad is the most populous city in the Indian state of Gujarat. It is the administrative headquarters of the Ahmedabad district and the seat of the Gujarat High Court. Ahmedabad's population of 5,570,585 makes it the fifth-most populous city in India, and the encompassing urban agglomeration population estimated at 6,357,693 is the seventh-most populous in India. Ahmedabad is located near the banks of the Sabarmati River, 25 km (16 mi) from the capital of Gujarat, Gandhinagar, also known as its twin city.
An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry, rather than heavy industry. Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours.
Vadodara, also known as Baroda, is a major city in the Indian state of Gujarat. It serves as the administrative headquarters of the Vadodara district and is situated on the banks of the Vishwamitri River, 141 km (88 mi) from the state capital of Gandhinagar. The railway line and National Highway 8, which connect Delhi with Mumbai, pass through Vadodara. The city is named for its abundance of banyan (vad) trees. Vadodara is also locally referred to as the Sanskari Nagari and Kala Nagari of India.
Ahmedabad is the industrial center in western India after Mumbai. The gross domestic product of Ahmedabad metro was estimated at US$110 billion in 2023. Ahmedabad is the largest contributor to the GDP of Gujarat state, with an estimated US$68 billion as of 2017 out of $227 billion, textile and clothing in Ahmedabad is one of the oldest industries. It is the largest supplier of denim and one of the largest exporters of gems and jewellery in the country. Ahmedabad has one of the largest concentration of pharmaceutical and biotech companies in India. Ahmedabad hosts the headquarters of major public-sector banks Ahmedabad Dist Co Op Bank, Ahd Mercantile Co-Op Bank Ltd, Ahmedabad Mercantil Co Op Bank, Dena Bank, The Cosmos Co - Op Bank, Manager Gujarat Ambuja Co-Operative, The Gujarat State Co-operative Bank Ltd.Gujarat State Coop Bank, The Kalupur Bank, Ahmedabad Capital Bank, Kutch Bank co op, Bank of Rajasthan, Bank of Marwad.
Torrent Pharmaceuticals Ltd is an Indian multinational pharmaceutical company, owned by the Rs 37,000 crore Torrent Group and headquartered in Ahmedabad. It was promoted by U. N. Mehta, initially as Trinity Laboratories Ltd, and was later renamed Torrent Pharmaceuticals Ltd.
Torrent Power is an Indian energy and power company, having interests in power generation, transmission, distribution and manufacturing and supply of power cables. The company distributes power to over 38.5 lakh customers annually in its distribution areas of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera Special Investment Region in Gujarat; Dadra and Nagar Haveli and Daman and Diu UT; Bhiwandi, Shil, Mumbra and Kalwa areas of Mumbai Metropolitan Region in Maharashtra and Agra in Uttar Pradesh; The T&D losses in license areas of the company is amongst the lowest in the country.
Torrent Cables Limited was incorporated on March 22, 1991. It was an Indian cable manufacturing company based in Ahmedabad. Its key products and provided services included XLPE Cables (HT), XLPE Cables (LT), PVC cables, with other manufacturing goods, sale of services, scrap, etc.
Vibrant Gujarat is a biennial investors' summit held by the Government of Gujarat in Gujarat, India. The event is aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit is advertised as a platform to understand and explore business opportunities in Gujarat.
Gautam Shantilal Adani is an Indian billionaire industrialist, who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.
The economy of Gujarat, a state in Western India, has significant agricultural as well as industrial production within India. Major agricultural produce of the state includes cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2015, with 1.2% of the labour force being unemployed.
Gujarat Gas Limited is an Indian natural gas distribution company, owned by Gujarat State Petroleum Corporation. Established in 1980, and headquartered in Ahmedabad, the company operates primarily in Gujarat. It is India's largest city gas distribution (CGD) company.
Cadila Pharmaceuticals is an Indian multinational pharmaceutical company based in Ahmedabad, Gujarat, India. The company's operations focus on manufacturing products ranging from API's-Intermediates, finished formulations, OTC-Food Supplements, Biotechnology Products and pharmaceutical Machinery.
Sudhir Uttamlal Mehta is an Indian billionaire businessman. Together with his brother, Samir, he operates Torrent Group, which was founded by their late father, U. N. Mehta in 1959. In September 2021, Sudhir and Samir Mehta's net worth was estimated at US$7.2 billion.
INOX Wind Limited is an Indian wind energy service provider, headquartered in Noida, India, and a subsidiary of the INOX Group. INOX Wind Limited manufactures Wind Turbine Generators (WTGs) and provides services such as wind resource assessment, site acquisition, infrastructural development, erection and commissioning, a long term operations and maintenance of wind power projects. The company was ranked 167th in Business Today's 2015 list of the 500 most valuable companies in India.
Uttambhai Nathalal Mehta was an Indian businessman and the founder and chairman of Torrent Group.
Pranav Vinod Adani is an Indian businessman and the director of Adani Enterprises. He is a member of the National Council of the Confederation of Indian Industry.
Deepak Nitrite Ltd. is an Indian chemical manufacturing company. The company’s manufacturing facilities are located at Nandesari and Dahej in Gujarat, Roha and Taloja in Maharashtra and Hyderabad in Telangana. Deepak Nitrite produces a spectrum of chemicals, including agrochemicals, colourants, rubber, pharmaceuticals, speciality and fine chemicals. Deepak Mehta is the chairman of the company and his son Maulik Mehta is the chief executive officer.
The Pharmaceutical industry in Gujarat ranks number one in India with a 33% share in drug manufacturing and a 28% share in drug exports. The state has 130 USFDA certified drug manufacturing facilities. Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.
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