Welspun India

Welspun India is a textile company based in Mumbai, Maharashtra, India.[1] It is Asia's largest and the 2nd largest terry towel producer in the world[5] 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.[6] It supplies to 17 out of the top 30 retail chains in the world.[7] 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.[8]

Welspun India Ltd
Public company (BSE: 514162) (NSE: WELSPUNIND)
IndustryTextile
Founded1985
Headquarters
Mumbai, Maharashtra[1]
,
India
Area served
Worldwide
Key people
B K Goenka, (Chairman)
Dipali Goenka (CEO & Joint MD)
ProductsTerry Towels & Home Furnishings[2]
Revenue₹5,400.0 crore (US$760 million)[3]
ParentWelspun Group
SubsidiariesWelspun USA Inc & Sorema- Tapates e Cortinas de Banho, SA[4]
WebsiteWelspun India

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 Polyster to Welspun India Ltd.[9]

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gollark: Oh, we expanded the EM playlist a little bit recently.
gollark: The system is also able to detect when there is no prefix available from an upstream interface and can switch into relaying mode automatically to extend the upstream interface configuration onto its downstream interfaces. This is useful for putting the target router behind another IPv6 router which doesn't offer prefixes via DHCPv6-PD.
gollark: OpenWrt features a versatile RA & DHCPv6 server and relay. Per default SLAAC and both stateless and stateful DHCPv6 are enabled on an interface. If there are any prefixes of size /64 or shorter present then addresses will be handed out from each prefix. If all addresses on an interface have prefixes shorter than /64 then DHCPv6 Prefix Delegation is enabled for downstream routers. If a default route is present the router advertises itself as default router on the interface.
gollark: <@543771182936358912> play https://radio-ic.osmarks.net/128k.ogg

References
  1. "Welspun". welspuntowels.com. Retrieved 3 January 2011.
  2. "Welspun India to demerge divisions - Corporate News". livemint.com. 16 September 2008. Retrieved 3 January 2011.
  3. "BSE Plus". Bseindia.com. Retrieved 22 March 2020.
  4. "The Hindu Business Line : Welspun acquires 76% stake in Portuguese co". Blonnet.com. 20 December 2007. Retrieved 3 January 2011.
  5. "Welspun". welspuntowels.com. Retrieved 3 January 2011.
  6. Piyush Pandey / Ahmedabad 27 December 2004 (27 December 2004). "Welspun lines up spread, technology upgradation". Business Standard. Retrieved 3 January 2011.
  7. NULL. "CARE reaffirms rating of Welspun India Ltd". Moneycontrol.com. Retrieved 3 January 2011.
  8. "U.S. Consumers Sue Welspun Over Cheap Sheets as Fallout Widens". Bloomberg. Retrieved 15 September 2016.
  9. "WELSPUNIND History | Welspun India Ltd Company History & Profile". The Economic Times. Retrieved 3 January 2011.

Official website

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