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Trident Paints continues on its high growth trajectory

By: Issuewire
The New York Times

Company bags large government orders and accelerates expansion plans

New York City, Nov 6, 2020 (Issuewire.com) - Trident Group, the diversified multi-billion conglomerate, continues to receive large orders from governments in India, Europe and Africa. Trident Paints has recently bagged orders over £3.18 billion (INR 30,000 Crores) for government projects in western India including Goa and the Indian territory of Andaman & Nicobar Islands.

The company has also won a large project in South Africa which will be executed over a period of seven years. Known for their superior quality products, Trident has signed a MOU with the government of a leading African nation for painting of heritage structures.

Trident Paints has also received large supply orders from the Middle East which will cater to the Oil & Gas and Marine industries.

To fulfill the exponential growth in demand, the group has five new manufacturing units coming up overseas which are at various stages of implementation. Government subsidies in these regions have helped the firm setup these new units at very competitive prices.

Given the substantial growth witnessed by the various divisions of the Trident Group, the firm is now spinning off these business units for separate listings in international markets. This will help the different business divisions operate more independently and raise their own capital thereby unlocking tremendous value at the group level.

Promoted by billionaire founders Pammy Jain and Saumil Visharia, the group continues to scale new heights.

With a London Stock Exchange listing for one of the group entities currently underway, the firm is planning to launch new public offerings for the other divisions and is actively evaluating London, Hong Kong, Singapore, New York and Mumbai for the new listings.

While the Group continues to expand its manufacturing capabilities, it is also evaluating various acquisition opportunities for inorganic growth in India, Africa and the Middle East. The firm is in talks with a leading paint manufacturer for a joint venture to manufacture and supply eco-friendly innovative paints.

The company's Engineering division has recently acquired a controlling stake in a leading multinational firm involved in the manufacture and supply of critical high-quality steel products used for pre- and post-tensioning of structures, facade and ground engineering along with providing on-site services around the globe.

Trident Group of companies has interests in Paints, Engineering, Heavy Fabrication, Financial Services, Home Textiles, Real Estate, FMCG, Paper, Chemicals, Energy, Dairy, and Organic Farming.

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This article was originally published by IssueWire. Read the original article here.

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