320:, with a capacity of 15,000 metric tonnes per annum (MTPA). Between 1994 and 1995, the company increased its terry towel production capacity from 3100 MTPA to 5200 MTPA. Additionally, it started developing power plants capable of generating 40 M.W., intended to support spinning machines for terry towels and cotton through captive power sources. Welspun also acquired a plant from Rieter Automatic Gmbh in Germany to launch its polyester filament yarn project. In 1996, Welspun's polyester yarn business was leased to a group company to shift focus to natural fibers. In 1999, Welspun entered a joint venture with Vincenzo Zucchi SPA, Italy, for Terry Bathrobes and Terry made-ups production at its Vapi, Gujarat plant. In 2000, Welspun USA was formed as a wholly-owned subsidiary of Welspun India Limited.
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381:, a water tank manufacturer, for Rs 1,251 crore through its subsidiary, Welspun Corporation. During FY19, Sintex had reported an operating profit of Rs 270 crore on a turnover of Rs 1,800 crore. However, the company faced financial difficulties and was taken to the bankruptcy court in December 2020 due to default on loan repayments. In February 2023, The
331:'s Supplier of the Year for Bed & Bath. In 2009, Welspun appointed B K Goenka as the Chairman and Managing Director. In 2013, Welspun Corp. Ltd., a subsidiary of Welspun Group, divested its entire 39.88 percent stake in Leighton Welspun India for USD 99 million.
292:
In 1985, Balkrishan Goenka, along with his cousin Rajesh R Mandawewala, founded
Welspun with an initial investment of $ 100,000 borrowed from his father. The company began its operations as a small texturizing unit under the name Welspun Winilon Silk Mills in the
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342:. During the same period, Welspun initiated a 32 MW solar power plant, launched an online retail portal, and expanded into flooring solutions with a ₹600 crore carpet plant in Anjar, Gujarat. The group also closed one of its plants in Mexico.
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311:
In 1991, Welspun
Polyester India went public through its initial public offering (IPO) and later rebranded as Welspun India Limited (WIL). The company expanded into the terry towels business by setting up its first terry towel plant in
345:
In
December 2019, the group entered the warehousing sector through the acquisition of majority stakes in One Industrial Spaces. In 2020, Welspun Flooring Ltd, a subsidiary of Welspun Group, established a manufacturing facility in
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Between 1986 and 1989, the company established two yarn texturizing factories. One, situated in
Palghar, produced 797.5 MT of yarn annually. The second factory, with a similar capacity, was set up in
323:
In 2001, Welspun hived off its cotton yarn unit into a separate company, which became known as
Welspun Cotton Yarn Ltd. CRISIL, an analytical company in India, subsequently downgraded the company's
338:, covering 8.7 km in Delhi, with a total estimated project cost of ₹841.50 crore (US$ 110 million). The expressway segment was officially inaugurated on May 27, 2018, by Prime Minister
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385:(NCLT) admitted the insolvency plea against Sintex, but it was later dismissed by NCLAT. In July 2023, the group re-branded itself as Welspun World.
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in
Telangana. Also, the Welspun Group announced a Rs 2,000 crore investment for the development of an integrated textile manufacturing zone in
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with an annual capacity of 40 million square meters. In
February 2023, the Welspun Group launched a textile facility in
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304:. In 1990, the company expanded its operations by establishing a polyester filament flat yarn manufacturing unit in
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308:, with a capacity of 605 MT per annum. The company's name was later changed to Welspun Polyester India Limited.
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with business interests in line pipes, textile, infrastructure, and steel. It is headquartered in Mumbai.
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374:. This initiative was aimed at facilitating the global manufacturing and supply of textile products.
1316:"NCLAT directs NCLT Ahmedabad to decide on insolvency plea against Sintex Industries within a week"
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297:. It was promoted by the G.R.G. group, headed by Gopi Ram Goenka, who is the father of Balkrishan.
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In March 2023, the group expanded its presence in the building materials sector by acquiring
520:"Retail India News: Welspun Living Joins Bharat Tex 2024 to Champion India's Textile Legacy"
451:"Succession Planning: Welspun Group to hive off yarn-spinning business for next generation"
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316:, with 15,000 cotton spindles. Welspun also proposed a POY project in Silvassa, Dadra, and
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It may require cleanup to comply with
Knowledge's content policies, particularly
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In 2015 and 2016, Welspun was granted the contract for
Package I development of
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994:"Highlights: PM Modi Inaugurates Eastern Peripheral, Delhi-Meerut Expressways"
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1400:"Welspun India felicitated with the prestigious National Water Award 2020"
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Merit of certification award for energy conservation in
Textile sector by
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886:"Welspun's chief B K Goenka to give up operational role - ET BrandEquity"
969:"Welspun Enterprises provides update on Delhi Meerut Expressway project"
394:
Golden Peacock Eco-Innovation Award in the Building Materials Sector by
1283:"Welspun buys water tank co Sintex for ₹1,251cr via bankruptcy process"
1154:"Welspun launches Rs 1,100 crore manufacturing facility in Telangana"
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from a "B" rating to a "D" rating. In 2004, Welspun India received
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Infrastructure, gas, oil, energy, steel, textile, pipe, retailing
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1129:"Welspun Group picks up majority stake in One Industrial Spaces"
1078:"Welspun to set up Rs 600cr flooring solutions plant in Gujarat"
378:
205:
734:"As Welspun awaits Wal-Mart review, investors brace for worst"
1425:"Raymond Vapi Plant Awarded For Energy Conservation Measures"
305:
1179:"Welspun Group to invest ₹3,000-5,000 cr. more in Telangana"
834:"High Court sanctions Welspun India's Scheme of Arrangement"
1452:
1350:"Welspun rebrands itself as Welspun World - ET BrandEquity"
313:
1238:"Welspun completes Sintex-BAPL acquisition for ₹1,251 cr"
860:"Welspun plans further investment for capacity expansion"
676:"I had no background in any of the businesses I got into"
487:"I had no background in any of the businesses I got into"
1375:"Golden Peacock Eco-Innovation Award (GPEIA) - Winners"
44:
A major contributor to this article appears to have a
370:, Gujarat, in alignment with the Indian government's
1019:"State's largest solar plant starts producing power"
121:, and by adding encyclopedic content written from a
449:Mandavia, Megha; Kalesh, Baiju (16 December 2015).
1212:"Welspun Group To Invest Rs4,000 Crore In Gujarat"
400:National Water Award (NWA) from President of India
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944:"Welspun signs concession agreement with NHAI"
756:"Welspun gets U.S. court nod to settle claims"
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1595:Companies listed on the Bombay Stock Exchange
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1052:"Welspun India launches online retail portal"
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246:B. K. Goenka (Chairman and Managing Director)
1104:"Welspun Group works its way back to basics"
354:, inaugurated by IT and Industries Minister
1590:Manufacturing companies established in 1985
27:Conglomerate company based in Mumbai, India
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623:"Welspun's BK Goenka: Spinning Solutions"
545:"Welspun's BK Goenka: Spinning Solutions"
425:"Welspun's BK Goenka: Spinning Solutions"
141:Learn how and when to remove this message
75:Learn how and when to remove this message
1575:Manufacturing companies based in Mumbai
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754:Correspondent, Special (3 July 2019).
102:contains content that is written like
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911:"Welspun exits JV with Leighton"
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55:. Please discuss further on the
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226:Mumbai, Maharashtra, India
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570:"About Balkrishan Goenka"
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809:"From Vapi to Wimbledon"
651:"From Vapi to Wimbledon"
598:"From Vapi to Wimbledon"
405:Ministry of Power, India
1348:www.ETBrandEquity.com.
884:www.ETBrandEquity.com.
336:Delhi–Meerut Expressway
396:Institute of Directors
1404:www.indiainfoline.com
218:Rajesh R. Mandawewala
123:neutral point of view
53:neutral point of view
1185:. 22 February 2023.
917:. 30 December 2013.
864:The Textile Magazine
682:. 25 February 2012.
493:. 25 February 2012.
364:Ranga Reddy district
267:US$ 3 billion (2011)
1528:Welspun Investments
276:(formally known as
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115:promotional content
1429:textile Excellence
1320:The Economic Times
1287:The Times of India
1267:has generic name (
1084:. 14 December 2016
1025:. 9 October 2015.
1023:The Times of India
793:has generic name (
680:The Times of India
491:The Times of India
455:The Economic Times
372:Sagar Mala project
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117:and inappropriate
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1322:. 15 March 2021.
1289:. 31 March 2023.
1058:. 15 October 2015
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1496:Subsidiaries
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