About Welspun Group
Welspun Group is a company based in Mumbai (India) founded in 1985 by Rajesh Mandawewala was acquired by Tata Power in June 2016. Welspun Group has raised $544.43 million across 2 funding rounds from investors including Asian Development Bank, Tata Power and Apollo Global Management. The company has 6,934 employees as of March 23, 2024. Welspun Group has completed 3 acquisitions, including MSK Projects, One Industrial Spaces Information and Sintex Industries. Welspun Group offers products and services including Home Textiles and Line Pipes.
- Headquarter Mumbai, India
- Employees 6934 as on 23 Mar, 2024
- Founders Rajesh Mandawewala
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
Locked
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Website
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Social
Locked
- Legal Name Welspun India Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$544.43 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Private Equity Round
Jun 20, 2014
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Investors
Asian Development Bank
& 2 more
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Employee Count
6934
as on Mar 23, 2024
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Investments & Acquisitions
MSK Projects
& 2 more
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Acquired by
Tata Power
(Jun 01, 2016)
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Products & Services of Welspun Group
Welspun Group offers a comprehensive portfolio of products and services, including Home Textiles and Line Pipes.
Home textiles are manufactured and distributed for various applications in households.
Line pipes are produced for infrastructure and energy sectors to support global projects.
People of Welspun Group
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Funding Insights of Welspun Group
Welspun Group has successfully raised a total of $544.43M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $50 million completed in June 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Welspun Group
Welspun Group has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Asian Development Bank, Tata Power and Apollo Global Management.
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Buyouts are targeted through private equity investments by the firm.
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Advisory services and financial resources are mobilized for development projects.
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Electricity generation, transmission, and distribution services are provided.
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Investor details for Welspun Group
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Investments & Acquisitions by Welspun Group
Welspun Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MSK Projects, One Industrial Spaces Information and Sintex Industries.
Investment portfolio details for Welspun Group
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Industrial and warehousing real estate is provided in Mumbai, India.
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Handcrafted accessories for men, women, children, and pets are manufactured.
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Sustainable yarns and textiles are manufactured from cotton.
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Complete acquisition details for Welspun Group
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Financial Statements - Welspun Group
Detailed financials for Welspun Group
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Welspun Group Comparisons
Peer comparison for Welspun Group
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Competitors of Welspun Group
Detailed competitors of Welspun Group
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Latest news on Welspun Group
Complete news archive for Welspun Group
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Frequently Asked Questions about Welspun Group
Welspun Group was founded in 1985 and raised its 1st funding round 26 years after it was founded.
Welspun Group is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Welspun Group is a funded company, having raised a total of $544.43M across 2 funding rounds to date.
As of Mar 23, 2024, the latest employee count at Welspun Group is 6,934.
Welspun Group was founded in 1985 and is headquartered in Mumbai, India. Operations focus on manufacturing pipes, plates, coils, and home textile products, serving sectors including oil and gas, textiles, energy, and retail. Offerings encompass textiles, TMT rebars, ingots, billets, blooms, rolled bars in rounds and round corner squares, as well as seamless pipes and tubes. Clientele includes ExxonMobil, Chevron, Shell, TransCanada, and Wal-Mart.
Welspun Group offers Home Textiles and Line Pipes.
Welspun Group has made 3 acquisitions, including MSK Projects, One Industrial Spaces Information, and Sintex Industries.
Welspun Group has 3 investors. Key investors include Asian Development Bank, Tata Power, and Apollo Global Management.