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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 ]
Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). [2] An ESOP is an employee-owner method that provides a company's workforce
A new book highlights benefits of moving to an employee-owned business.
Employee ownership is a way of running a business that can work for different sized businesses in diverse sectors. [6] Employee ownership requires employees to own a significant and meaningful stake in their company. [7] The size of the shareholding must be significant.
An Employee Stock Ownership Plan (ESOP) in the United States is a defined contribution plan, a form of retirement plan as defined by 4975(e)(7)of IRS codes, which became a qualified retirement plan in 1974. [1] [2] It is one of the methods of employee participation in corporate ownership.
An employee ownership business model is a way of achieving benefits for a business, its employees, and society. [4] The trust model has the following characteristics in comparison to employee ownership models involving direct employee share ownership: [5]
Torrent Pharmaceuticals was established in 1959 by U. N. Mehta as Trinity Laboratories. It was renamed as Torrent Pharmaceuticals in 1971. [5] In 1997, Torrent Pharma and Sanofi established a 50:50 joint venture called Sanofi Torrent for selling Torrent Pharma's products. [6] Torrent exited the joint venture by selling its stake to Sanofi in ...
Torrent Power has an aggregate generating capacity of more than 4 GW with a unique mix of coal based, gas based, and renewable power plants comprising: . 1530 MW (4 Single Shaft Units of 382.5 MW each) SUGEN gas based mega combined cycle power plant in Akhakhol village near Surat - largest private sector gas based power plant in India.