Dindayal Gupta, Founder of Dollar Industries, Passes Away at 88
Dollar Industries founder Dindayal Gupta dies at 88
News 18
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Dindayal Gupta, the founder and chairman emeritus of Dollar Industries Limited, passed away at the age of 88 due to age-related ailments. He was a pioneer in the hosiery industry in India, transforming Dollar Industries into a leading manufacturer with revenues exceeding ₹1,700 crore (approximately $204 million USD).
- 01Dindayal Gupta founded Dollar Industries Limited in 1972.
- 02He played a crucial role in expanding the hosiery business in India.
- 03Gupta is survived by his wife, four sons, and grandchildren.
- 04He received multiple awards for his contributions to the industry.
- 05Dollar Industries now generates revenues exceeding ₹1,700 crore.
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Dindayal Gupta, founder and chairman emeritus of Dollar Industries Limited, passed away on May 2 at the age of 88 due to age-related ailments. Born on September 13, 1937, in Manheru village, Bhiwani district, Haryana, Gupta moved to Kolkata in 1962 to start his business. He founded Dollar Industries in 1972, transforming it from humble beginnings into one of India's leading hosiery manufacturers, with revenues exceeding ₹1,700 crore (approximately $204 million USD). Gupta's innovative approach to manufacturing and retail helped him tap into markets that competitors overlooked. He was recognized with the Lifetime Achievement Award from the West Bengal Hosiery Association and the Sanmarg Business Award, among others. Gupta is survived by his wife, four sons, and grandchildren, who now manage the family business.
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Gupta's passing marks the end of an era for Dollar Industries, which has played a significant role in the hosiery market in India. His legacy will influence the company's future direction.
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