Welspun Syntex Ltd is Indian company engaged in texturising, draw twisting and twisting of polyester yarns based in Mumbai

Mumbai

Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

, Maharashtra

Maharashtra

Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...

. It also first textile company in India to adopt new standards in carbon foot printing. Its a part company of the $3-billion (Rs 12,900 crore) Welspun Group

Welspun Group

Welspun Group is a business conglomerate, manufactures, markets, and exports terry towels, bed sheets, cotton yarn, polyester filament yarn, texturised and Line Pipes based in Mumbai, Maharashtra Its other operations includes Steel, Steel pipes, Infrastructure, Energy and Oil & Gas...

 and promoted by G R Goenka, B K Goenka, S K Goenka and R R Mandawewala. The first manufacturing plant was established in Silvassa

Silvassa

Silvassa is the capital of the Indian Union Territory of Dadra and Nagar Haveli.The city has a large number of factories and industries providing significant government revenue, which allows the city to maintain a low level of taxation.-Geography:Silvassa is located at...

 then further added another plant in Palghar

Palghar

Palghar is a town and a Municipal Council in Thane district in Maharashtra. Situated about 87 kilometres from Mumbai, it is a part of the Mumbai Suburban Rail network which extends up to Dahanu and lies on the Mumbai-Ahmedabad rail route...

 (Thane district

Thane District

Thane is a district in northern Maharashtra state in western India. As of 2011 it is the most populated district in the nation. The headquarters of the district is the city of Thane. Other major cities in the district are Navi Mumbai , Kalyan-Dombivli, Mira-Bhayander, Bhiwandi, Ulhasnagar,...

)

History

It was incorporated in 1982 with plant in Silvassa

Silvassa

Silvassa is the capital of the Indian Union Territory of Dadra and Nagar Haveli.The city has a large number of factories and industries providing significant government revenue, which allows the city to maintain a low level of taxation.-Geography:Silvassa is located at...

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.