Abhishek Industries Ltd.(ABIL), a part of Trident Group was promoted by Rajinder Gupta. The company has three separate divisions they were Yarn Division (YD), Paper and Chemical Division (PCD) and Terry Towel Division (TTD). The company is one of the largest manufacturer of Terry Towels in India with an installed capacity of 100 million pieces per annum(including the capacity of the ongoing expansion project which will be on stream by March 2004). The company exports Terry Towels to USA. Wall Mart is one of the company's prestigious client.
ABIL has a wholly Owned Subsidiary in the US, Abhishek Industries Inc, at Seattle, Washington DC.
The company's Yarn plant which produces both cotton and acrylic yarn is located at Sanghera, Punjab. This unit was financed by the public issue in Oct. 1992. Its products are used in hosiery products, textiles, fabrics, etc. The company has an agreement with Sagatex International, UK, for marketing and exporting its cotton production upto 50%.
The company's Second Unit i.e Unit II has an installed capacity of 43392 Spindles for manufacture of dyed cotton, melange, acrylic and blended yarn besides carded and combed cotton yarn. The Unit II project which has been divided into parts the first phase of 36288 Spindles has started commercial production from 1st July, 1999. The cost of project amounts to Rs 95 crores which was financed by term loans, rights issue and internal accruals.
During 1999-2000, the company got the status of Government Recognised Trading House and the quality of the products was well accepted in the international market.
During 2002, Varinder Agro was merged with company. The shareholders of Varinder Agro were allotted 70 equity shares in Abhishek Industries for every 24 shares held.
During the year 2003, ABIL expanded all its core business with an additional outlay of about Rs 9120 million.It was in the advanced stage of implementation of a Rs 3000 million expansion in Textiles, which will be operational bt July 2004. A capacity of 100 million pieces per annum and a corresponding modernisation and expansion of spinning operation, the unit will among the top 5 manufacturers in the world. Also the company has undertaken expansion in Pulp & Paper, Chemical Recovery & Co-generation at a capital outlay of Rs 6120 million, which will be fully operational by early 2006.