Renowned industrialist and Founder & Chairman Emeritus of Dollar Industries Limited, Shri Dindayal Gupta, passed away today in Kolkata due to age-related ailments. His passing marks the end of a significant chapter not only for the company but also for India’s hosiery and apparel industry.

A visionary who shaped the company’s growth for more than five decades, Shri Gupta led Dollar Industries Limited with strong commitment and clarity. What began as a modest venture eventually grew into one of India’s leading hosiery and apparel brands, with the company expanding into a Rs 1700+ crore conglomerate under his leadership.

Born on 13th September, 1937, in Manheru village in Haryana’s Bhiwani district, Shri Gupta came from a humble background. Despite limited resources, he built his journey with determination and a clear vision. In 1962, he moved to Kolkata (then known as Calcutta), where he began manufacturing and selling hosiery products designed to suit customers’ budgets and needs. He focused on building manufacturing and finishing facilities while also creating a strong retail and distribution network, including markets that were often overlooked by others.

Driven by a desire to build something meaningful, he laid the foundation of Dollar Industries Limited in 1972. Over time, the brand became a trusted household name known for quality and innovation. Dollar was also among the early companies to expand into underserved regions such as Madhya Pradesh (now MP & Chhattisgarh), the Seven Sisters of North East India, and hill regions like Darjeeling in the eastern Himalayas.

Beyond his business achievements, Shri Gupta remained deeply involved in social and community initiatives. He was actively associated with the Arya Pratinidhi Sabha and held key roles within the Bengal Pratinidhi Sabha. He also served as the former Vice-President of Sarvadeshik Arya Pratinidhi Sabha and contributed to Paropakarini Sabha of Ajmer, known for preserving the legacy of Swami Dayanand Saraswati. In Kolkata, he also initiated the Burns unit and related infrastructure at the Marwari Relief Society.

His contributions to education were equally notable. Shri Gupta was the Founding Father of Haryana Vidya Mandir, a CBSE school in Bidhannagar, North 24-Parganas, West Bengal. He supported Gurukuls as a co-founder and sponsor, and also played a key role in reviving the school in his native village, Manheru. His efforts reflected a strong belief that access to education is essential for social progress and national development.

He also supported organisations working in elderly care, including Maharshi Dayanand Yogashram Tripura and Sukhanand Foundation, leaving a lasting impact beyond the business world.

Over the years, Shri Gupta received several recognitions for his contributions, including the Lifetime Achievement Award from the West Bengal Hosiery Association and the Sanmarg Business Award.

Shri Dindayal Gupta is survived by his wife, four sons, and grandchildren, who continue to lead and grow the Dollar Industries business legacy.