A conglomerate with a historically strong export focus, Welspun World is strategically pivoting towards the domestic Indian market.
Announcing this shift, BK Goenka, Chairman, cited India's rapidly growing economy and the company's ambitious expansion plans. Previously, the company’s textile exports accounted for a significant portion of Welspun's revenue. Now, the company aims to capitalize on India's projected $10 trillion economy within the next five years.
Welspun has set a target to triple its revenue from Rs 35,000 crore to Rs 1 lakh crore in the next 3-5 years. This growth will be driven by expansion across all its segments, including textiles, infrastructure, and warehousing. The company has earmarked approximately Rs 1,000-1,200 crore investment for expansion in the textile sector. It aims to replicate its dominant US market share in home textiles within India, targeting a 25 per cent domestic market share.
Sustainability and technology are central to Welspun's strategy. Recognizing the growing importance of eco-friendly practices, the company plans to generate 80 per cent of its power from green sources within two years and increase the use of recycled fiber in its products. Welspun is also investing heavily in AI and machine learning to optimize operations, with its Global Capability Centre in Ahmedabad leading its digital transformation.
