• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Welspun Group targets $5 bn revenue by 2020

26 Oct '15
1 min read

Balkrishan Goenka-led conglomerate Welspun Group has ambitious plans to plans to raise its revenue to $5 billion by 2020 from the current figure of $3 billion, with its flagship textile business which is the country's largest and the world's third-largest home textiles manufacturer, expected to contribute half of its income.

Mumbai-headquartered Welspun Group has interests in home textiles, oil and gas, pipes and green energy.

According to an agency report, the group posted a revenue of $3 billion in the year ending March 2015, one-third of which came from the home textile business driven by Welspun India. The long line-pipe business under Welspun Corp contributed $1.5 billion.

Goenka said Welspun Corp, that runs the group's long line-pipe business is expected to contribute $2 billion, up from the present $1.5 billion, to the total revenue, and the rest $500 million to come from its other businesses, including infrastructure and energy.

Welspun India is the single largest organised supplier of home textiles in the $17 billion US market, with over 8 per cent market share. (SH)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search