Dollar Industries founder Dindayal Gupta dies at 88

Dindayal Gupta, founder and chairman emeritus of hosiery major Dollar Industries Limited, died on Saturday due to age-related ailments, a statement said.

He was 88.

Gupta is survived by his wife, four sons and grandchildren, who now manage the Dollar Industries business.


Born on September 13, 1937, in Manheru village of Haryana's Bhiwani district, Gupta moved to Kolkata in 1962 and began manufacturing and selling hosiery products tailored to customer requirements, gradually building manufacturing facilities, retail networks and markets overlooked by competitors.

He laid the foundation of Dollar Industries Limited in 1972, and over five decades steered it from modest beginnings into one of India's leading hosiery and apparel manufacturers with revenues exceeding Rs 1,700 crore.

He received the Lifetime Achievement Award from the West Bengal Hosiery Association and the Sanmarg Business Award, among other recognitions.