Welspun India Ltd
| Public company (: ) (: WELSPUNIND) | |
| Industry | Textile |
| Founded | 1985, Mumbai |
| Headquarters | Mumbai, Maharashtra, India |
|
Key people
|
B K Goenka, Chairman |
| Products | Terry Towels & Home Furnishings |
| Revenue | ₹18,730.2 million (US$280 million) |
| Parent | Welspun Group |
| Subsidiaries | Welspun USA Inc & Sorema- Tapates e Cortinas de Banho, SA |
| Website | Official Website |
Welspun India is a textile company based in Mumbai. It is Asia's largest and the 2nd largest Terry Towel producer in the world 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. It supplies to 12 out of the top 20 retail chains in the world. In 2016 it got embroiled in a scandal for allegedly mislabeling its bedsheets as made out of Egyption Cotton. Target has severed ties with Welspun over this issue. Two class-action lawsuits have also been filed against Welspun India Ltd.
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 Polyster to Welspun India Ltd.
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