Welspun India Ltd
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| Type | public company (BSE: 514162) (NSE: WELSPUNIND) |
|---|---|
| Industry | Textile |
| Founded | 1985, Mumbai |
| Headquarters | Mumbai, Maharashtra[1], India |
| Key people | B K Goenka, Chairman |
| Products | Terry Towels & Home Furnishings[2] |
| Revenue |
 18730.2 million (US$300 million)[3] |
| Parent | Welspun Group |
| Subsidiaries | Welspun USA Inc & Sorema- Tapates e Cortinas de Banho, SA[4] |
| Website | Official Website |
Overview
Welspun (BSE: 514162|NSE: WELSPUNIND) is Asia's largest and the 2nd largest Terry Towel producers in the World[5] based in Mumbai, Maharashtra, India.[1] It exports more than 94 per cent of its towels to more than 34 countries. It exports more than 68 per cent of its production to the US, 23 per cent to Europe and the balance to Middle East, Australia, Mauritius.[6] It supplies to 12 out of the top 20 retail chains in the world.[7]
History
It was incorporated on 17 January 1985, as a Private Limited Company in the name of Welspun Winilon Silk Mills Pvt. Ltd. at Mumbai. It was established to manufacture Polyester filament yarns and texturised yarns. In 1995, the name changed from Welspun Polyster to Welspun Indial Ltd.[8]
References
- ↑ 1.0 1.1 ":: Welspun ::". Welspuntowels.com. Retrieved 3 January 2011.
- ↑ "Welspun India to demerge divisions - Corporate News". livemint.com. 16 September 2008. Retrieved 3 January 2011.
- ↑ "BSE Plus". Bseindia.com. Retrieved 3 January 2011.
- ↑ "The Hindu Business Line : Welspun acquires 76% stake in Portuguese co". Blonnet.com. 20 December 2007. Retrieved 3 January 2011.
- ↑ ":: Welspun ::". Welspuntowels.com. Retrieved 3 January 2011.
- ↑ Piyush Pandey / Ahmedabad 27 December 2004 (27 December 2004). "Welspun lines up spread, technology upgradation". Business Standard. Retrieved 3 January 2011.
- ↑ NULL. "CARE reaffirms rating of Welspun India Ltd". Moneycontrol.com. Retrieved 3 January 2011.
- ↑ "WELSPUNIND History | Welspun India Ltd Company History & Profile". The Economic Times. Retrieved 3 January 2011.
External links
- Welspun Expects Growth in Domestic Revenues - Economic Times
- HTT's Top 15 Supplier Giants - Home Textiles Today
- Interview with CNBC - 7 February 2013 - Mr. Rajesh Mandawewala-MD, Welspun India
- Welspun India to merger with Welspun Global Brands - Business Standard
- Welspun India Q3 net profit at Rs 52 cr - Business Standard
- We're re-focusing on what we do well and it shows in our numbers: Rajesh Mandawewala - Business Standard
- Nonwovens Industry
- Welspun India to demerge divisions
- Welspun lines up spread, technology upgradation
- Welspun to merge investment firms to unlock value, raise funds
- Welspun India and Rolta a good bet: Ashit Suri, JV Capital Services
- Welspun India looks attractive: Ashish Kapur
- Welspun buys 35% in Leighton
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