Welspun India

2021-10-22T17:15:06Z

2409:4041:6E4E:6290:0:0:C6CA:B302:

{{EngvarB|date=September 2013}}
{{Use dmy dates|date=September 2013}}
{{short description|textile company based in Mumbai, India}}

{{Infobox company
| name = Welspun India Limited
| logo = WelspunIndiaLogo.jpg
| logo_size = 250px
| type = Public company ({{BSE|514162}}) ({{NSE|WELSPUNIND}})
| founder =
| area_served = Worldwide
| key_people = [[B K Goenka|Balkrishan G. Goenka]] {{small|(Chairman)}} Rajesh Mandawewala {{small|(MD)}} 
Dipali B. Goenka {{small|(CEO and Joint MD)}} Sanjay Gupta {{small|(CFO)}}<ref>{{cite web |title=Welspun India Limited |work=WSJ |url=https://www.wsj.com/market-data/quotes/IN/XBOM/514162 }}</ref>
| industry = Textile
| products = [[Terry]] [[Towels]] & [[Home Furnishings]]<ref>{{cite web|url=http://www.livemint.com/2008/09/16105859/Welspun-India-to-demerge-divis.html |title=Welspun India to demerge divisions - Corporate News |publisher=livemint.com |date=16 September 2008 |accessdate=3 January 2011}}</ref>
| revenue = {{INRConvert|5956.35|c}}<ref>{{cite web |title=Stock share price of Welspun India Limited |work=BSE India |url=https://www.bseindia.com/stock-share-price/welspun-india-ltd/welspunind/514162/ }}</ref>
| revenue_year = 2021
| operating_income =
| net_income = 526.67
| net_income_year = 2021
| assets =
| equity =
| parent = [[Welspun Group]]
| subsid = [[Welspun USA Inc]] & Sorema- Tapates e Cortinas de Banho, [[South Africa|SA]]<ref>{{cite web|url=http://www.blonnet.com/2007/12/20/stories/2007122050950300.htm |title=The Hindu Business Line : Welspun acquires 76% stake in Portuguese co |publisher=Blonnet.com |date=20 December 2007 |accessdate=3 January 2011}}</ref>
| homepage = {{url|www.welspunindia.com}}
| foundation = 17 January 1985
| location_city = [[Mumbai]], [[Maharashtra]]<ref name="welspuntowels1">{{cite web|url=http://www.welspuntowels.com/content.asp?FooterID=4 |title=Welspun |publisher=welspuntowels.com |accessdate=3 January 2011}}</ref>
| location_country = [[India]]
}}

'''Welspun India Limited''' is a textile company based in [[Mumbai]], [[Maharashtra]], [[India]].<ref name="welspuntowels1"/> It is Asia's largest and the 2nd largest [[Terrycloth|terry towel]] producer in the world<ref>{{cite web|url=http://www.welspuntowels.com/content.asp?Submenu=Y&MenuID=1&SubmenuID=1 |title= Welspun |publisher=welspuntowels.com|accessdate=3 January 2011}}</ref> It exports more than 94% of its home textiles products to more than 50 countries. It exports more than 68% of its production to US, 23% to Europe and the balance to Middle East, Australia, Mauritius.<ref>{{cite web|author=Piyush Pandey / Ahmedabad 27 December 2004 |url=http://www.business-standard.com/india/news/welspun-linesspread-technology-upgradation/198464/ |title=Welspun lines up spread, technology upgradation |work=Business Standard |date=27 December 2004 |accessdate=3 January 2011}}</ref> It supplies to 17 out of the top 30 retail chains in the world.<ref>{{cite web|author=NULL |url=http://www.moneycontrol.com/news/business/care-reaffirms-ratingwelspun-india-ltd_285655.html |title=CARE reaffirms rating of Welspun India Ltd |publisher=Moneycontrol.com |accessdate=3 January 2011}}</ref>

==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 (PFY) and texturised yarns (PTY). In 1995, the name changed from Welspun Polyester to Welspun India Ltd.<ref>{{cite web|url=http://economictimes.indiatimes.com/welspun-india-ltd/infocompanyhistory/companyid-12096.cms |title=WELSPUNIND History | Welspun India Ltd Company History & Profile |work=The Economic Times |access-date=3 January 2011}}</ref>

==References==
{{reflist}}

==External links==
{{official website|http://welspunindia.com/}}

{{Welspun Group}}

[[Category:Manufacturing companies based in Mumbai]]
[[Category:Manufacturing companies established in 1985]]
[[Category:Indian companies established in 1985]]
[[Category:Welspun Group]]
[[Category:Multinational companies headquartered in India]]
[[Category:Textile companies based in Maharashtra]]
[[Category:1985 establishments in Maharashtra]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

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Welspun India