Welspun Global Brands Ltd.
Welspun Global Brands Ltd. Welspun Global Brands Ltd.
Setting New Horizons Welspun City Gate, Anjar
- Page 2 and 3: Disclaimer This presentation contai
- Page 4 and 5: Synopsis… • Fastest emerging Gl
- Page 6 and 7: Leadership Team Mr. B.K. Goenka Cha
- Page 8 and 9: Leadership Team Mrs. Dipali Goenka
- Page 10 and 11: Welspun’s Evolution 1999 Bathrobe
- Page 12 and 13: Welspun’s Evolution 2009 • Wels
- Page 14 and 15: Welspun Group TEXTILES WELSPUN INDI
- Page 16 and 17: Welspun Group STEEL WELSPUN STEEL L
- Page 18 and 19: Products...
- Page 20 and 21: Relationship with International Gia
- Page 22 and 23: Group Companies… TEXTILES Welspun
- Page 24 and 25: Group Companies… TEXTILES Welspun
- Page 26 and 27: TUBULAR LINE PIPES Welspun Corp Lim
- Page 28 and 29: POWER AND STEEL Welspun Power & Ste
- Page 30 and 31: INFRASTRUCTURE Welspun Infratech Lt
- Page 32 and 33: Global Footprint… Listed on (Stoc
- Page 34 and 35: Best Practices… Information Techn
- Page 36 and 37: Best Practices… Sustainability
- Page 38 and 39: Recognitions in 2009-2010 WELSPUN I
Setting New Horizons<br />
<strong>Welspun</strong> City Gate, Anjar
Disclaimer<br />
This presentation contains certain forward looking statements concerning future business<br />
prospects and business profitability of <strong>Welspun</strong> Group, which are subject to a number of<br />
risks and uncertainties and the actual results could materially differ from those in such<br />
forward looking statements. The risks and uncertainties relating to these statements include,<br />
but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to<br />
manage growth, competition ( both domestic and international), economic growth in India<br />
and the target countries for exports, ability to attract and retain highly skilled professionals,<br />
time and cost over runs on contracts, our ability to manage our international operations,<br />
government policies and actions with respect to investments, fiscal deficits, regulations, etc.,<br />
interest and other fiscal costs generally prevailing in the economy. The company does not<br />
undertake to make any announcement in case any of these forward looking statements<br />
become materially incorrect in future or update any forward looking statements made from<br />
time to time by or on behalf of the company.
Vision
Synopsis…<br />
• Fastest emerging <strong>Global</strong> Groups<br />
• 2 nd Largest Large Diameter Pipe Company in the World<br />
(Financial Times, UK)<br />
• 3 rd Largest Home Textile Company in the World<br />
(Home Textiles Today 2010)<br />
• India’s largest retail chain in Home Textiles<br />
• India’s largest gas-based Merchant DRI producer
Synopsis…<br />
• Turnover US$ 2.7 billion, Asset base over US$ 1.8 billion<br />
• Relationship with most of the Fortune 100 Companies<br />
operating in Oil & Gas and retail sector.<br />
• Marquee client-list includes the likes of Exxon Mobil,<br />
Chevron, Shell, Transcanada, Wal-Mart, Target amongst<br />
others.<br />
• Enjoys support from some of the largest financial<br />
institutions and investors like Temasek (Govt. of<br />
Singapore), Goldman Sachs, HSBC, State Bank of India,<br />
Bank of Baroda amongst others.
Leadership Team<br />
Mr. B.K. Goenka<br />
Chairman and Managing Director<br />
Mr. Goenka, the prime architect of <strong>Welspun</strong><br />
Group is the strength behind <strong>Welspun</strong>’s<br />
journey over the last 25 years. His strong<br />
business acumen combined with risk-taking<br />
abilities has enabled <strong>Welspun</strong> to succeed in<br />
many high-growth sectors. He has a vision<br />
of making <strong>Welspun</strong> to be one of the most<br />
respected Groups in the World by creating<br />
world-class companies, second to none. He<br />
has been nominated as Entrepreneur of the<br />
Year by Ernest & Young and is a member of<br />
the Young President’s Organization.
Leadership Team<br />
Mr. R.R. Mandawewala,<br />
Managing Director<br />
Chairman of Christy, UK (www.christytowels.com)<br />
and <strong>Welspun</strong> Sorema Europe,<br />
S.A. (www.sorema.pt), Mr. Mandawewala<br />
is heading the steel business<br />
(www.welspuncorp.com). A Chartered<br />
Accountant by profession and with over 20<br />
years of experience, he has expertise in<br />
industries varying from Textiles to SAW Pipes.
Leadership Team<br />
Mrs. Dipali Goenka<br />
Executive Director<br />
Mrs. Dipali Goenka’s leadership has been<br />
the driving force in <strong>Welspun</strong> Retail <strong>Ltd</strong>,<br />
becoming the market leader in the Indian<br />
home textile retail space. She has single<br />
handedly driven <strong>Welspun</strong> Retail <strong>Ltd</strong>.<br />
(www.welspun-retail.com) to become a<br />
pioneer with two brands Spaces Home &<br />
Beyond and Welhome.
<strong>Welspun</strong>’s Evolution<br />
1985<br />
Polyester Texturising yarn facility at Palghar, Maharashtra, India<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
1993<br />
Terry Towels facility at Vapi, Gujarat, India.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
1995<br />
Terry Towels facility at Vapi, Gujarat, India.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
1997<br />
SAW (Submerged Arc Welded) pipes at Dahej, Gujarat, India.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
1998<br />
Polyester Filament Yarn facility at Silvasa, Maharashtra, India.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….
<strong>Welspun</strong>’s Evolution<br />
1999<br />
Bathrobes facility at Vapi, Gujarat, India - a Joint Venture with Vincenzo Zucchi,<br />
Italy<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
2000<br />
<strong>Welspun</strong> USA at New York, USA - now a subsidiary of <strong>Welspun</strong> <strong>Global</strong> <strong>Brands</strong> <strong>Ltd</strong>.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
2001<br />
Pipe Coating at Dahej, Gujarat, India - a Joint venture with Eupec Coatings GmbH',<br />
Germany<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….
<strong>Welspun</strong>’s Evolution<br />
2005<br />
• Home textile and Pipes expansion projects at Anjar, Gujarat, India<br />
• Terry Towels, cotton yarn spinning and foray into bed sheeting.<br />
• SAW pipe, and foray into ERW (Electrically resistant Welded)<br />
• Power Plant at Anjar, Gujarat, India<br />
• TMT (Thermo Mechanically Treated) Rebars, Ingots and Billets.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
2006<br />
• Acquired Christy, U.K.'s leading towel brand & exclusive supplier to Wimbledon<br />
Tennis Championship.<br />
• Oil and Natural Gas Exploration - a Joint Venture with Adani Group<br />
• 2 new HSAW Plants at Anjar, Gujarat, India
<strong>Welspun</strong>’s Evolution<br />
2009<br />
• <strong>Welspun</strong> India <strong>Ltd</strong>. hived-off 2 Companies - <strong>Welspun</strong> <strong>Global</strong> <strong>Brands</strong> <strong>Ltd</strong>. and<br />
<strong>Welspun</strong> Investments <strong>Ltd</strong>.<br />
• Spiral Pipe facility at Little Rock, Arkansas U.S.<br />
• Coil Mill at Anjar, Gujarat, India<br />
• Acquired Vikram Ispat <strong>Ltd</strong>., the Sponge Iron business of Grasim Industries<br />
- rechristened as <strong>Welspun</strong> Maxsteel <strong>Ltd</strong>.<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….<br />
2010<br />
• <strong>Welspun</strong> Energy <strong>Ltd</strong>. – Solar Energy business<br />
• <strong>Welspun</strong> Infratech <strong>Ltd</strong>. - Acquisition of MSK Projects India <strong>Ltd</strong>.<br />
• Change of Name of <strong>Welspun</strong> Gujarat Stahl Rohren <strong>Ltd</strong>. to <strong>Welspun</strong> Corp <strong>Ltd</strong>.<br />
• Majority stake in Saudi Arabia SAW Pipe and Coating facility<br />
………………………………………………………………………………………………………………………………………………………………………………………………………………………….
Revenue Growth<br />
FY 2010 - Rs.125,000 mn<br />
FY 2009 - Rs.93,360 mn<br />
FY 2006 - Rs.42,370 mn<br />
FY 2005 - Rs.30,440 mn<br />
FY 2001 - Rs. 10,190 mn<br />
FY 1995 - Rs. 2,000 mn
<strong>Welspun</strong> Group<br />
TEXTILES<br />
WELSPUN INDIA LTD.<br />
WELSPUN GLOBAL<br />
BRANDS LTD.<br />
WELSPUN SYNTEX LTD.<br />
WELSPUN MEXICO<br />
S.A. DE.C.V.<br />
WELSPUN USA Inc.<br />
WELSPUN ZUCCHI<br />
TEXTILES LTD.<br />
WELSPUN UK LTD.<br />
WELSPUN SOREMA<br />
EUROPE S. A.<br />
WELSPUN RETAIL LTD.
<strong>Welspun</strong> Group
<strong>Welspun</strong> Group<br />
STEEL<br />
WELSPUN STEEL LTD.<br />
WELSPUN MAXSTEEL LTD.<br />
REMI METALS<br />
GUJARAT LTD.
<strong>Welspun</strong> Group<br />
ENERGY<br />
SOLAR ENERGY
Products...
Facilities...<br />
Palghar, Maharashtra, India-1985<br />
Dahej, Gujarat, India - 1997<br />
Silvassa, Maharashtra, India-1998<br />
Chihuahua, Mexico - 2007<br />
Vapi, Gujarat, India - 1995<br />
Anjar, Gujarat, India - 2005<br />
Little Rock, Arkansas, U.S. - 2009<br />
Salav, Maharashtra, India - 2009<br />
Baroda, Gujarat, India-2010
Relationship with International Giants
<strong>Global</strong> Presence…
Group Companies…<br />
TEXTILES<br />
<strong>Welspun</strong> India Limited www.welspuntowels.com<br />
• Largest vertically integrated manufacturer of towels in Asia<br />
• Facilities situated at Vapi, Anjar (Gujarat, India), Mexico and Portugal.<br />
• Recently hived-off two companies - <strong>Welspun</strong> <strong>Global</strong> <strong>Brands</strong> <strong>Ltd</strong>. (Sales &<br />
marketing) and <strong>Welspun</strong> Investment <strong>Ltd</strong>. (Investment).<br />
• Completed US$ 35 million of fund raising through QIP in Apr-10
Group Companies…<br />
TEXTILES<br />
<strong>Welspun</strong> <strong>Global</strong> <strong>Brands</strong> <strong>Ltd</strong>. www.welspunglobalbrands.com<br />
• Owns and license brands like Christy, Kingsley, Sorema, Graciozza, Spaces,<br />
Welhome, Nautica, Amy Butler<br />
• Strong management and team of talented workforce spread across UK, US,<br />
Mexico, Europe and India<br />
• <strong>Welspun</strong> Mexico S.A. DE C.V., <strong>Welspun</strong> UK <strong>Ltd</strong>., <strong>Welspun</strong> Sorema Europe<br />
S.A., <strong>Welspun</strong> Retail <strong>Ltd</strong> are the Companies which are currently under<br />
<strong>Welspun</strong> <strong>Global</strong> <strong>Brands</strong> <strong>Ltd</strong>.
Group Companies…<br />
TEXTILES<br />
<strong>Welspun</strong> UK Limited, UK www.christy-towels.com<br />
In July 2006, <strong>Welspun</strong> acquired 85% (now 100%) stake in Christy, U.K.'s leading<br />
towel brand. Launched in 1851, Christy is the world's oldest towel manufacturer<br />
and exclusive supplier to Wimbledon Tennis Tournament.<br />
<strong>Welspun</strong> Sorema Europe S.A., Portugal www.sorema.pt<br />
In December 2007, <strong>Welspun</strong> acquired 76% interest in Sorema, one of the leading<br />
Bath Rug majors in Europe.<br />
<strong>Welspun</strong> Mexico S.A. DE C.V.<br />
Decorative beddings - Produces 1.04 million bed-sets per annum.
Group Companies…<br />
TEXTILES<br />
<strong>Welspun</strong> Retail Limited www.welspun-retail.com<br />
India’s first organized Home Textile stores under brands SPACES HOME &<br />
BEYOND and WELHOME. 210 Stores in more than 100 cities.<br />
<strong>Welspun</strong> Syntex Limited www.welspunsyntex.com<br />
Amongst the largest exporters of Polyester Texturised Filament Yarn from India.<br />
Creates nearly 200 new colors every month.<br />
<strong>Welspun</strong> Zucchi Textiles Limited www.welspunbathrobe.com<br />
Joint venture of two <strong>Global</strong> leaders; <strong>Welspun</strong> India <strong>Ltd</strong>. and Vincenzo Zucchi S.p.A<br />
of Italy. Currently the largest manufacturer and exporter of bath robes in India
TUBULAR LINE PIPES<br />
<strong>Welspun</strong> Corp Limited (WCL) www.welspuncorp.com<br />
(Formerly <strong>Welspun</strong> Gujarat Stahl Rohren <strong>Ltd</strong>.)<br />
• Largest Pipe manufacturer in the World<br />
– Ranked as 2 nd Largest (Large Diameter) Line Pipe Manufacturer in the World – Financial<br />
Times UK - 2008<br />
• Approved by almost every Oil & Gas majors including Transcanada, Shell, Gazprom,<br />
Total & Elpaso<br />
• Facilities at Dahej & Anjar, Gujarat, India and Little Rock, Arkansas, USA<br />
– Total Pipe capacity of 1.5 mn MTPA going up to 2.0 mn MTPA by FY2011
TUBULAR LINE PIPES<br />
<strong>Welspun</strong> Corp Limited (www.welspuncorp.com)<br />
(Formerly <strong>Welspun</strong> Gujarat Stahl Rohren <strong>Ltd</strong>.)<br />
• State-of-art Plate-cum-Coil mill at Anjar, Gujarat India<br />
- Plate cum Coil Capacity of 1.5 mn MTPA<br />
• Completed US$ 250 million fund raising through FCCB & QIP in Oct / Nov 2009<br />
• Initiated agreements to acquire majority stake in<br />
- Saudi Arabia pipe facility and a pipe coating facility<br />
- One of the largest Spiral Pipe manufacturing facilities<br />
in the region<br />
- It can produce up to 270,000 MTPA of Pipes<br />
- Long term assets valued at US$ 115 mn
POWER AND STEEL<br />
<strong>Welspun</strong> Power & Steel Limited www.welspunpowerandsteel.com<br />
• State-of-the-art facility to manufacture Ribbed Thermo Mechanically treated<br />
(TMT) rebars, which have the prestigious ISI certifications.<br />
• Acquired Vikram Ispat in May-09, Sponge Iron Business of Grasim<br />
Industries <strong>Ltd</strong>.<br />
– For a total value of about US$ 228 million<br />
– The plant, situated in the Raigad district of Maharashtra has an installed<br />
capacity of 1.0 mn MTPA.<br />
– The plant has doubled production<br />
– The Company is now re-christened as <strong>Welspun</strong> Maxsteel <strong>Ltd</strong>.<br />
(www.welspunmaxsteel.com).<br />
• Strategic investment in Remi Metals Gujarat <strong>Ltd</strong>.
EXPLORATION AND PRODUCTION<br />
<strong>Welspun</strong> Natural Resources <strong>Ltd</strong>.<br />
• Incorporated with a main object of manufacturing and dealing in natural<br />
resources oil, gas and minerals.<br />
• Current activity includes bidding for oil and gas fields in India as well as for<br />
overseas fields.<br />
• Currently has 7 fields – 3 in Gujarat, 1 in Assam, 1 in Egypt and 2 in Thailand
INFRASTRUCTURE<br />
<strong>Welspun</strong> Infratech <strong>Ltd</strong>. www.welspuninfratech.com<br />
• A 100% subsidiary of <strong>Welspun</strong> Corp <strong>Ltd</strong>. set up to enter into the US$ 500<br />
billion infrastructure industry in India.<br />
• Recently announced the acquisition of MSK Projects India <strong>Ltd</strong>. marking its<br />
foray into infrastructure and enter into laying of oil & gas and water pipelines.<br />
– Total investment of up to US$ 90 million for a stake of about 75%<br />
• Aims to capture the full value chain - from Manufacturing of Plate & Coil – to<br />
Line Pipe and finally to Pipe laying.
SOLAR ENERGY<br />
<strong>Welspun</strong> Energy <strong>Ltd</strong>. www.welspunenergy.com<br />
• The Energy arm of WCL incorporated to meet India’s growing energy needs<br />
in an efficient and environment –friendly manner. Towards this commitment<br />
<strong>Welspun</strong> Energy intends to set-up solar energy based power generation<br />
facilities.<br />
• Intends to set up Solar energy based power plants across the country.
<strong>Global</strong> Footprint…<br />
Listed on (Stock Exchanges)<br />
• Mumbai (BSE &NSE)<br />
Key Consultants<br />
• Ernst and Young<br />
• KPMG<br />
• PWC<br />
Key Markets<br />
• 80% of the products are exported<br />
to most developed economies viz.<br />
US, Europe, Middle East.<br />
Key Associates<br />
• Mannesmann Demag, Germany<br />
• Voest Alpine, Austria<br />
• Capello Tubi, Italy<br />
• Eupec, Germany
<strong>Global</strong> Footprint…<br />
Other Key Investors<br />
-Temasek (Govt. of Singapore)<br />
-HSBC <strong>Global</strong> Investment Fund<br />
-Goldman Sachs<br />
-State Bank of India<br />
-Bank of Baroda<br />
International Setup<br />
- <strong>Welspun</strong> UK <strong>Ltd</strong>.<br />
- <strong>Welspun</strong> Sorema Europe, S.A.<br />
- <strong>Welspun</strong> Mexico S.A. DE C.V.<br />
- <strong>Welspun</strong> USA Inc., New York<br />
- <strong>Welspun</strong> Tubular LLC, Arkansas
Best Practices…<br />
Information Technology<br />
• SAP R/3 solutions across <strong>Welspun</strong>’s operations.<br />
• The power of Information Technology has been leveraged by using reverse<br />
auction and forward auction tools developed in-house for procurement of<br />
goods and services.
Best Practices…<br />
Sustainability<br />
• Each and every <strong>Welspun</strong>ite is proud to practice the principles paved by the<br />
6 ‘E’ Enrichment of mind, Enrichment of body, Education, Empowerment of<br />
Women, Empathy & Environment Sustenance thereby realizing the<br />
overarching vision of overall development.<br />
• <strong>Welspun</strong> adopts the most environment friendly production, water effluent<br />
system, waste disposal mechanisms and strictly follows water harvesting<br />
measures in all its facilities.
Best Practices…<br />
Sustainability<br />
• Each production center is equipped with a 24 hour medical facility for health<br />
hazards.<br />
• <strong>Welspun</strong> City, a 2500 acre township at Anjar is a prime example of<br />
continuous efforts of protecting our environment with strong emphasis on<br />
afforestation. The City is in the process of the creation of a green belt, which<br />
once completed, will be a veritable forest of about 500,000 trees.
Recognitions in 2009-2010<br />
WELSPUN CORP LTD.<br />
• STAR PERFORMER AWARD FOR THE YEAR<br />
2008-09<br />
- Engineering Export Promotion Council – India<br />
• TOP INDIAN COMPANY IN METAL PIPES<br />
- Dun & Bradstreet<br />
• NATIONAL AWARD FOR EXPORT EXCELLENCE<br />
- Engineering Export Promotion Council – India<br />
Mr. B.K. Goenka, CMD <strong>Welspun</strong>,<br />
accepting the ‘Emerging Company of<br />
the Year’ Award from the Prime<br />
Minister of India<br />
Dr. Manmohan Singh<br />
• EMERGING COMPANY OF THE YEAR<br />
- Economic Times Award For Corporate Excellence
Recognitions in 2009-2010<br />
WELSPUN INDIA LTD. / WELSPUN GLOBAL BRANDS LTD.<br />
• GOLD TROPHY FOR EXPORT PERFORMANCE<br />
- Texprocil<br />
• LARGEST SUPPLIER OF TERRY TOWELS<br />
- Home Textiles Today<br />
• 3rd LARGEST HOME TEXTILE SUPPLIER / MANUFACTURER<br />
– Home Textiles Today<br />
• International Design Award to Spaces Home & Beyond<br />
– Elle Décor<br />
• COTTON TEXTILE EXPORT PROMOTION COUNCIL (TEXPROCIL)<br />
AWARDS – 2 Gold Trophy 2 Silver Trophy and 1 Bronze Trophy<br />
TEXPROCIL AWARDS
THANK YOU