History of Torrent Group: from founding to today
U. N. Mehta founded the business in 1959 as Trinity Laboratories 312. The group moved into power in 1997 with the Ahmedabad and Surat electricity companies 2.
Founded1959, Ahmedabad, Gujarat
StatusListed
Listed onBSE, NSE: TORNTPHARM, TORNTPOWER
Beginnings
Uttambhai Nathalal (U. N.) Mehta, a former medical representative for Sandoz, founded the business in 1959 3. It started as Trinity Laboratories and was renamed Torrent Pharmaceuticals in 1971 12.
Power
In 1997 the group bought the Gujarat government's 28.89% of Ahmedabad Electricity Company and acquired Surat Electricity Company. Torrent Power Generation was set up in 2005, and the three merged into Torrent Power in 2006 2. It took on the Bhiwandi distribution franchise in December 2006 and Agra in 2009; some sources give 2007 and 2010 2.
Timeline
| Year | Event |
|---|---|
| 1959 | Founded as Trinity Laboratories 312 |
| 1971 | Renamed Torrent Pharmaceuticals 12 |
| 1997 | Entered power distribution in Ahmedabad and Surat 2 |
| 1998 | U. N. Mehta died; Sudhir Mehta became chairman 13 |
| 2006 | Torrent Power formed by merger 2 |
| 2014 | Samir Mehta became chairman of Torrent Pharma 13 |
| 2017 | Bought Unichem's India business for ₹3,600 crore 31 |
| 1 April 2018 | Samir Mehta became chairman of Torrent Power 14 |
| 2022 | Bought Curatio for ₹2,000 crore 30 |
| March 2025 | Bought 67% of Gujarat Titans 5 |
| July 2026 | J.B. Chemicals merged into Torrent Pharma 2720 |
Succession
Sudhir Mehta gave up the Torrent Pharma chair in 2014 and stepped down from Torrent Power in 2018, becoming chairman emeritus 1314. The third generation now runs the main companies 13.
Frequently asked questions
In 1959, by U. N. Mehta, as Trinity Laboratories.
In 1997, when it bought the Gujarat government's stake in Ahmedabad Electricity Company and acquired Surat Electricity Company.
Sources✓ Verified 5 Nov 2026
1 Forbes, Samir Mehta (Real-Time Billionaires), 5 Nov 2026, shareholdings
2 Wikipedia, Torrent Group, 6 Nov 2026, group history
3 The Economic Times (PTI), Aman Mehta appointed Managing Director of Torrent Pharma, 20 May 2025, founder, roles
4 BSE filing, Disclosure under SEBI Takeover Regulations, Torrent Investments, 20 Jan 2024, 71.25% of Torrent Pharma
5 The Hindu BusinessLine, Torrent Group completes acquisition of majority stake in Gujarat Titans, 17 Mar 2025, Gujarat Titans
6 Torrent Pharmaceuticals, Intimation of acquisition of equity shares of J.B. Chemicals, 21 Jan 2026, J.B. Chemicals stake
7 Fortune India, Aman Mehta, Shaan Mehta and Varun Mehta (40 Under 40 2026), 1 Jan 1970, next generation
8 Forbes, Sudhir Mehta (Real-Time Billionaires), 5 Nov 2026, shareholdings
9 Trendlyne, Torrent Pharmaceuticals shareholding, 30 Sep 2026, Torrent Pharma shareholding
10 Choice India, Torrent Power shareholding pattern, 5 Nov 2026, Torrent Power shareholding
11 afaqs, Torrent Group acquires 67% stake in Gujarat Titans after BCCI approval, 18 Mar 2025, Gujarat Titans
12 Wikipedia, Torrent Pharmaceuticals, 6 Nov 2026, pharma history
13 The Week (PTI), Torrent succession, 20 May 2025, succession
14 DNA, Samir Mehta to take over as Torrent Power chairman, 8 Feb 2018, Torrent Power chairman
15 Business Standard, Torrent rolls out succession plan, Aman Mehta joins pharma unit's board, 29 Jul 2022, Aman Mehta board
16 Investywise, Torrent Power appoints Vikas Poddar as CFO, 20 Aug 2026, Torrent Power CFO
17 MarketScreener, Torrent Pharmaceuticals appoints Sudhir Menon as CFO, Torrent Pharma CFO
18 Torrent Pharmaceuticals, Press release, Q4 FY26, 22 May 2026, Torrent Pharma FY26
19 Torrent Pharmaceuticals, Press release, Q4 FY25, 20 May 2025, Torrent Pharma FY25
20 Kotak Neo, Torrent Pharma Q2 FY27 results, 23 Oct 2026, Torrent Pharma Q2 FY27
21 Torrent Power / NSE, Media release, 3 August 2026, 3 Aug 2026, Torrent Power Q1 FY27, Nabha
22 SolarQuarter, Torrent Power reports FY26 results, 13 May 2026, Torrent Power FY26
23 Informist, Analyst concall: Torrent Power, 11 Nov 2025, MP coal project
24 Torrent Gas, Torrent Gas, 6 Nov 2026, Torrent Gas
25 Business Standard, Torrent Pharma hits record high, surpasses Cipla in m-cap ranking, 10 Nov 2025, market value ranking
26 Business Today, Torrent Pharma makes open offer for 26% of J.B. Chemicals, 30 Jun 2025, J.B. Chemicals terms
27 LiveLaw, NCLT Ahmedabad sanctions amalgamation of JB Chemicals into Torrent Pharmaceuticals, 1 Jul 2026, NCLT approval
28 Bar & Bench, Anagram Partners advises CVC on sale of stake in Gujarat Titans, 26 Feb 2025, Gujarat Titans valuation
29 ThePrint (PTI), Torrent Group buys 67 pc stake in IPL team Gujarat Titans, 12 Feb 2025, Gujarat Titans
30 Business Standard, Torrent Pharma acquires Curatio for Rs 2,000 crore, 27 Sep 2022, Curatio
31 Business Today, Torrent Pharma to acquire India business of Unichem for Rs 3,600 crore, 4 Nov 2017, Unichem
32 Multibagg, Torrent Pharma Q1 FY27 results, 1 Jul 2026, Torrent Pharma Q1 FY27
33 Free Press Journal, Torrent Pharma profit falls 9.6% in Q2 FY27, 23 Oct 2026, Torrent Pharma Q2 FY27
34 UNI, Torrent Power net profit surges 63% in FY 2024-25, 14 May 2025, Torrent Power FY24-FY25
35 Powerline, Torrent Power reports Rs 24.7 billion net profit in 2025-26, 14 May 2026, Torrent Power FY26 profit
36 Investywise, Torrent Power board meeting outcome, financial results, 1 Aug 2026, Torrent Power Q1 FY27
37 Business Standard, Torrent Power secures Rs 3,500 crore via QIP at Rs 1,503 per share, 6 Dec 2024, Torrent Power QIP
38 Business Standard, Torrent Pharma slips after USFDA warning letter for Indrad facility, 10 Oct 2019, Indrad warning letter
39 ThePrint, Torrent Pharma warned by US again, 1 Nov 2019, Levittown, Dahej
40 Business Standard, Torrent Pharma gets USFDA warning letter for Gujarat facility, 24 Jan 2023, Indrad OAI
41 DeshGujarat, GERC unveils FY 2026-27 power tariff in Gujarat, 25 Mar 2026, tariffs
42 BioSpectrum (Pharmarack), Sun Pharma continues to retain No 1 position in IPM for November, 11 Dec 2025, pharma market ranking
Report a correction
This page is for information only and is not investment advice.