Since its inception in 1985 with a small Textile unit, the Welspun group has grown rapidly to become a market leader in every segment that it operates viz. Terry towels, Yarns and SAW pipes. Today, Welspun has a turnover of Rs. 42,300 Million for the current year (of which more than Rs.35,000 Million is from exports), 18,000 + employees, presence in 50 countries and over 50,000 shareholders. The market capitalization of the group stands at approx Rs.42,000 million.
Turnover likely to reach Rs. 90000 mn in 2009 based on concrete projects under implementation and order book position.
All Group companies are separately listed and have independent Board composition and shareholdings.
Global presence – relationship with marquee clients like Shell, Bechtel Walmart, Target etc.
Equity Investment by renowned Investors – ICICI venture, Temasek – Government of Singapore and others.
Banking relationship with every top international / domestic banks and financial institutions.
Welspun Group's interests
Company
Areas of business
FY 2006-07 Revenues (Rs. Million)
Welspun India Ltd.
Home Textiles - Terry Towels, Bed Sheets
9,736
Welspun Gujarat Stahl Rohren Ltd.
LSAW, Spiral and HFIW pipe manufacturing
& coatings
