Welspun India
 | |
| public company (BSE: 514162) (NSE: WELSPUNIND) | |
| Industry | Textile |
| Founded | 1985, Mwewertumbai |
| Headquarters | Mumbai, Maharashtra[1], India |
Key people | B K Goenka, Chairman |
| Products | Terry Towels & Home Furnishings[2] |
| Revenue | ₹18730.2 million (US$280 million)[3] |
| Parent | Welspun Group |
| Subsidiaries | Welspun USA Inc & Sorema- Tapates e Cortinas de Banho, SA[4] |
| Slogan | Dare to commit |
| Website | Official Website |
Overview
Welspun (BSE: 514162|NSE: WELSPUNIND) is Asia's largest and the 2nd largest Terry Towel producers in the World[5] based in Mumbai, Maharashtra, India.[1] 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.[6] It supplies to 12 out of the top 20 retail chains in the world.[7]
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.[8]
Awards & Recognitions
| Year | Awards & Recognition | Bestowed By |
|---|---|---|
| 2015 | Global Inclusion and Diversity Award for the year 2014 | JC Penny |
| 2015 | Welspun India awarded “Golden Peacock Eco – Innovation Award” | Golden Peacock Eco – Innovation |
| 2015 | Global Inclusion and Diversity Award for the year | JC Penny |
| 2015 | Highest Direct to Store Delivery Share | IKEA |
| 2015 | Green Manufacturing Excellence Awards 2015 - Welspun India Ltd., Anjar | Frost & Sullivan |
| 2015 | Best Product Quality award for Egyptian Nanospun Towel | ASDA George Home |
| 2015 | Self Testing Certification for our Vapi In House lab | ASDA |
| 2015 | Best Supplier Award | Sheridan |
| 2015 | Partner Award of Excellence 2015 | Target |
| 2014 | Certified Women's Business Enterprize | WeConnect International |
| 2014 | 5 Star Vendor Award 2014 | Macy’s |
| 2014 | Global Citizen Award 2014 | Macy’s |
| 2014 | Best Brand in Bed and bath/ furniture Category 2013-14 | Shoppers Stop |
| 2014 | 5 Supplier Award for the year 2014 | Macy’s |
| 2014 | - Special Gold Trophy for the ‘Highest Global Exports’ (Overall)
- Gold Trophy for the Highest Exports of ‘Terry Towels’ in Made-ups - Silver Trophy for the Second Highest Exports of ‘Bed Linen/Bed Sheets/Quilts’ in Made-ups - Silver Trophy for the Second Highest Exports of ‘Other Cotton Made-ups |
TEXPROCIL - Export Performance 2014 |
| 2014 | The Environmental Growth through effective Recycling and Energy initiative Award | Business Excellence Awards |
| 2014 | The CEO Award | Sears Holding |
| 2014 | Green Believers Award | Frost & Sullivan Manufacturing Award |
| 2014 | Best Corporate Social Responsibility Practices | World CSR Congress |
| 2013 | Supplier of the year | TESCO |
| 2013 | Largest Producer - Made Ups & Home Textiles
Largest Exporter - Made Ups & Home Textiles |
TV18 Textile Conclave 2013-Brand India |
| 2013 | Special Gold Trophy for highest exports of Cotton Textiles | Texprocil |
| 2013 | Vendor of the Year | Sears / K-Mart |
| 2013 | Partners in Business Transformation | Sears / K-Mart |
| 2012 | Eco-Innovation Award for Eco Dry Towels | Golden Peacock Eco - Innovation Award |
| 2012 | Supplier Award of Excellence | Walmart |
| 2012 | Global CSR Excellence & Leadership | World CSR Congress |
| 2012 | Most Preferred Furnishing Brand | MAGPPIE |
| 2012 | Gold Supplier Award | TESCO |
| 2012 | Innovation Award for Eco-Dry towels | Golden Peacock Award |
| 2012 | Best Product | Wilkinson Award |
| 2011 | 5 Star Award | Macy's |
| 2011 | - Gold Award for highest exports
- Special achievement award for made-ups - Merchant exporters award for made-ups / terry towels - Silver medals for bed linen / bed sheets madeups and other made ups |
Texprocil Awards |
| 2011 | Sheridan Ultra-Light Towel chosen as
Winning Product in 'Favourite Home & Outdoor' Category |
Australian Women's Weekly |
| 2011 | Sustainability Award for Process Innovation to Welspun India Ltd. | Indian Carbon Outlook |
| 2011 | Outstanding CSR in Textiles Sector to Welspun India Ltd. | Indian Shining Star CSR Awards |
| 2011 | Value Award to Welspun India Ltd. | Tesco, 2010 |
| 2011 | Gujarat State Safety Award to Welspun India Ltd. | Gujarat State Safety |
| 2011 | 5 Star Award to Welspun USA Inc. | Macy’s Inc, USA |
| 2010 | Special gold award for Highest Global exports | TEXPROCIL |
| 2010 | Best Collaborative Planning for Supply Chain excellence | Wal – Mart |
| 2010 | The most promising new supplier of the year award in the South Asian Region to Welspun Global Brands Ltd | IKEA |
| 2010 | First Prize in Textile Sector Award | National Energy Conservation |
| 2010 | Gold Trophy for Highest Exports in Madeups Merchant Exporter to Welspun Global Brands Ltd. | TEXPROCIL |
| 2010 | Gold Trophy for Highest Exports of Terry Towels in Madeups to Welspun Global Brands Ltd. | TEXPROCIL |
| 2010 | Silver Trophy for Highest Exports of Bed Linen/Bed Sheets/Quilts in Madeups to Welspun Global Brands Ltd. | TEXPROCIL |
| 2010 | Bronze Trophy for Highest Exports of Other Cotton Made-ups in Madeups to Welspun Global Brands Ltd. | TEXPROCIL |
| 2010 | 3rd Largest Supplier / Manufacturer | Home Textiles Today |
| 2009 | Vendor Excellence Award to Welspun Global Brands Ltd | Target |
| 2009 | Most outstanding performance in marketing and product innovations to Welspun Global brands limited | Fashion Institute of Technology, New York |
| 2009 | Support & outstanding service in the development of Macy’s private brands and labels to Welspun Global brands limited | Macy’s Inc, USA |
| 2009 | Certificate of Lowest Disability Injury Index” as well as “Certificate of Honour to Welspun India Ltd | Gujarat State Safety Award |
| 2009 | International Design Award to Spaces Home & Beyond | Elle Decor |
| 2008 | 5 Star Award to Welspun USA Inc. | Macy's Inc., USA |
| 2008 | Supplier of the Year to Welspun USA Inc. | J.C. Penny, USA |
| 2008 | Indian Exporters Excellence Awards – Textile Sector to Welspun India Ltd. | Dun & Bradstreet |
| 2008 | Earth Care Awards – (1st Runner Up - Greenhouse Gas Mitigation) to Welspun India Ltd. | Times of India & Jindal Steel Works. |
| 2007 | Sustainability Award to Welspun India Ltd. | Wal Mart Stores Inc. |
| 2007 | 4 Gold Trophies for Outstanding Textile Exports to Welspun India Ltd. | TEXPROCIL
(Textile Promotion Council of India) |
| 2007 | International Trade Awards - Outstanding Textile Exporter to Welspun India Ltd. | CNBC TV18 |
| 2006 | Gold & Silver Trophies for the year 2005- 06 to Welspun India Ltd. | TEXPROCIL
(Textile Promotion Council of India) |
| 2005 | Gold Trophy for Outstanding export Performance in Made-ups
to Welspun India Ltd. |
Textile Promotion Council
(Texprocil) |
| 2004 | Leaders in Innovation to Welspun India Ltd. | Federal Express and Economic Times |
| 2003 | Operational Excellence Award to Welspun USA Inc. | J.C. PENNY stores, USA |
| 2002 | Best Vendor of the Year to Welspun USA Inc. | Shopco Stores Inc. |
| 2002 | Best Vendor of the Year to Welspun USA Inc. | Wal Mart Stores Inc. |
| 1994-2002 | Gold trophy for outstanding Export performance & special achievement to Welspun India Ltd. | TEXPROCIL
(Textile Promotion Council of India) |
| 2000 | Gold trophy for special achievement for
Outstanding performance in- Made-ups & Highest Exporter |
TEXPROCIL
(Textile Promotion Council of India) |
| 1997-1998 | Outstanding Export Performance Award to Welspun India Ltd. | Government of Gujarat, India |
| 1996-1997 | Outstanding Exports Award for Outstanding Export Performance to Welspun India Ltd. | Ministry of Industry & Commerce,
Government of India |
References
- 1 2 ":: Welspun ::". Welspuntowels.com. Retrieved 3 January 2011.
- ↑ "Welspun India to demerge divisions - Corporate News". livemint.com. 16 September 2008. Retrieved 3 January 2011.
- ↑ "BSE Plus". Bseindia.com. Retrieved 3 January 2011.
- ↑ "The Hindu Business Line : Welspun acquires 76% stake in Portuguese co". Blonnet.com. 20 December 2007. Retrieved 3 January 2011.
- ↑ ":: Welspun ::". Welspuntowels.com. Retrieved 3 January 2011.
- ↑ Piyush Pandey / Ahmedabad 27 December 2004 (27 December 2004). "Welspun lines up spread, technology upgradation". Business Standard. Retrieved 3 January 2011.
- ↑ NULL. "CARE reaffirms rating of Welspun India Ltd". Moneycontrol.com. Retrieved 3 January 2011.
- ↑ "WELSPUNIND History | Welspun India Ltd Company History & Profile". The Economic Times. Retrieved 3 January 2011.
External links
- Welspun Expects Growth in Domestic Revenues - Economic Times
- HTT's Top 15 Supplier Giants - Home Textiles Today
- Interview with CNBC - 7 February 2013 - Mr. Rajesh Mandawewala-MD, Welspun India
- Welspun India to merger with Welspun Global Brands - Business Standard
- Welspun India Q3 net profit at Rs 52 cr - Business Standard
- We're re-focusing on what we do well and it shows in our numbers: Rajesh Mandawewala - Business Standard
- Nonwovens Industry
- Welspun India to demerge divisions
- Welspun lines up spread, technology upgradation
- Welspun to merge investment firms to unlock value, raise funds
- Welspun India and Rolta a good bet: Ashit Suri, JV Capital Services
- Welspun India looks attractive: Ashish Kapur
- Welspun buys 35% in Leighton
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