bse 514162 nse welspunind industry textile founded 1985 mumbai headquarters mumbai maharashtra 1 india key people b k goenka chairman products terry towels & home furnishings 2 revenue 18 730.2 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 welspun india is a textile company based in mumbai . 1 it is asia s largest and the 2nd largest terry towel producer in the world 5 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 in 2016 it got embroiled in a scandal for allegedly mislabeling its bedsheets as made out of egyption cotton . both target and walmart have severed ties with welspun over this issue . two class action lawsuits have also been filed against welspun india ltd. 8 history edit 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 references edit a b 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 . u.s. consumers sue welspun over cheap sheets as fallout widens . bloomberg . retrieved 15 september 2016 . welspunind history welspun india ltd company history & profile . the economic times . retrieved 3 january 2011 . external links edit official website v t e welspun group companies welspun group welspun retail ltd welspun india ltd welspun corp ltd welspun steel ltd welspun maxsteel ltd welspun energy ltd welspun investments ltd welspun syntex ltd welspun usa inc welspun uk ltd welspun mexico sa de cv welspun zucchi textiles ltd welspun sorema europe welspun tubular llc welspun infratech ltd welspun global brands ltd notable people b k goenka dipali goenka retrieved from https en.wikipedia.org w index.php title welspun india & oldid 742245985 categories companies based in mumbaitextile companies of indiacompanies established in 1985welspun groupmultinational companies headquartered in indiahidden categories engvarb from september 2013use dmy dates from september 2013official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages edit links this page was last modified on 2 october 2016 at 15 36 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view