What does Torrent Group do?
Torrent Group is a conglomerate based in Ahmedabad, Gujarat, with businesses in pharmaceuticals, power and city gas distribution 2. Its two listed companies are Torrent Pharmaceuticals and Torrent Power 1. The group is run by brothers Sudhir Mehta, chairman emeritus, and Samir Mehta, executive chairman 3.
| Fact | Detail |
|---|---|
| Founded | 1959, by U. N. Mehta 3 |
| Headquarters | Ahmedabad, Gujarat 2 |
| Torrent Pharma FY26 revenue | ₹13,980 crore 18 |
| Torrent Power FY26 revenue | ₹28,966 crore 22 |
| Power capacity | 6.6 GWp installed, June 2026 21 |
| City gas | 17 licence areas in 7 states and 1 union territory 24 |
| Sport | 67% of Gujarat Titans 11 |
Who owns Torrent Group?
The Mehta family controls the group through its holding company, Torrent Investments, which owned 71.25% of Torrent Pharma in a January 2024 filing 4. Trendlyne shows promoters holding 60.78% of Torrent Pharma in September 2026, down from 68.31% a quarter earlier, the quarter in which J.B. Chemicals merged into Torrent Pharma 920. Promoters held 51.09% of Torrent Power 10. Forbes counts about 115.6 million Torrent Pharma shares and 128.7 million Torrent Power shares for each brother 1. See who owns Torrent.
How did Torrent Group start?
Uttambhai Nathalal (U. N.) Mehta, a former medical representative for Sandoz, founded the business in 1959 3. It began as Trinity Laboratories and took the name Torrent Pharmaceuticals in 1971 12. In 1997 the group bought the Gujarat government’s stake in Ahmedabad Electricity Company and took over Surat Electricity Company; these merged into Torrent Power in 2006 2. Sudhir Mehta became chairman when his father died in 1998, and Samir Mehta took over Torrent Pharma in 2014 and Torrent Power in 2018 1314. See Torrent’s history.
Businesses
Torrent Pharma ranked fifth in the Indian pharmaceutical market in FY26, with India sales of ₹7,645 crore and sales in the US, Brazil and Germany 18. Torrent Power had 6.6 GWp of generation in June 2026, including 2.1 GWp of renewables, and served about 4.29 million power customers 21. Torrent Gas distributes city gas across 34 districts 24. See Torrent’s businesses.
Recent deals
In March 2025 Torrent completed the purchase of 67% of Gujarat Titans from CVC-owned Irelia 511. In January 2026 Torrent Pharma bought 46.39% of J.B. Chemicals and Pharmaceuticals from KKR for ₹11,917 crore, and the two companies merged in July 2026 62620. In June 2026 Torrent Power completed the ₹3,632.35 crore purchase of Nabha Power in Punjab 21. See acquisitions.
Results
Torrent Pharma’s FY26 revenue rose 21% to ₹13,980 crore and profit 12% to ₹2,138 crore 18. In July-September 2026 revenue rose 50.8%, but profit fell 9.6% as finance costs rose to ₹300 crore from ₹48 crore and depreciation also rose 33. See finances.
Regulatory issues
The US FDA sent Torrent Pharma a warning letter for its Indrad plant in 2019; the company said it would work with the FDA to resolve it and expected no disruption to supplies 38. See competitors and leadership.
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