Torrent Group

This article is about the Indian conglomerate. For other uses or companies, see Torrent (disambiguation).

Torrent Group
Company typeCorporate group
IndustryConglomerate
Founded1959; 66 years ago (1959)
FounderUttambhai Nathalal Mehta[1]
HeadquartersAhmedabad, Gujarat, India
Area served
Worldwide
Key people
Subsidiaries

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] As of September 2024, it has market capitalization of $25 billion.

Subsidiaries

The various companies under the Torrent banner are:

  • Torrent Pharmaceuticals – One of the largest pharmaceutical companies of India. It has four manufacturing plants: (a) Chhatral, Gujarat and (b) Baddi, Himachal Pradesh c) Gangtok Sikkim and d) Dahej, Gujarat. It has a research centre at Bhat, near Ahmedabad in Gujarat.
  • Torrent Power – Responsible for generation, transmission and distribution of power to the cities of Ahmedabad and Surat. The company has taken up distribution of electricity in Bhiwandi Maharashtra, Agra and Kanpur Uttar Pradesh. Torrent Cables, which was formed by taking over from ailing Mahindra Electricals, was merged with Torrent Power in 2015. It manufactures up to 132KV XLPE cables.
  • Torrent Gas – Torrent Gas is engaged in city gas distribution business in 16 geographical areas spread across 32 districts in 7 states and 1 union territory in India.

Charity

In 2020, Torrent Group contributed a total of ₹100 crore to the PM CARES Fund to fight against the coronavirus pandemic.[4]

Notes

References

  1. ^ a b "U N Mehta - Founder" (Press release). Torrent Gas.
  2. ^ a b c "Board of Directors" (Press release).
  3. ^ "Torrent brothers divide business". The Times of India. Retrieved 11 February 2021.
  4. ^ "Torrent Group commits Rs 100 crore to fight coronavirus pandemic". Business Today. Retrieved 11 February 2021.


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