Type Public (BSE: 508933) Website Official Website Founded 1982 | Industry Textile processing Headquarters India | |
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Stock price AYMSYNTEX (NSE) ₹ 80.60 -1.65 (-2.01%)7 Apr, 3:30 PM IST - Disclaimer Key people B K Goenka, MD B A Kale, Director & CEO Parent organizations Welspun Group, Mandawewala Enterprises Limited | ||
Welspun Syntex Ltd is Indian company engaged in texturising, draw twisting and twisting of polyester yarns based in Mumbai, Maharashtra. It also first textile company in India to adopt new standards in carbon foot printing. It is a part company of the $3-billion (Rs 12,900 crore) Welspun Group and promoted by G R Goenka, B K Goenka, S K Goenka and R R Mandawewala. The first manufacturing plant was established in Silvassa then further added another plant in Palghar (Thane district)
History
It was incorporated in 1982 with plant in Silvassa which was the first texturising unit in 1988 at a capital outlay of Rs. 1.58 cr. In 1994, company expanded its base by merging with Welspun Polydyed Ltd.
References
Welspun Syntex Wikipedia(Text) CC BY-SA