Welspun India aims Rs 730 cr turnover from e-commerce by FY23

08 Sep 2021 CW Team

Mumbai-based Welspun India is looking at a Rs 730 crore turnover from e-commerce as it looks at a larger play in the USA, UK, and India through its brands by FY23.

According to Dipali Goenka, Joint Managing Director and CEO, Welspun India, the company is investing close to Rs 70-100 crore over a two-three year period towards the launch of its brands and putting in place of an e-commerce network including the back-end and front-end and up-skilling of its workers.

A part of the proposed investments has already been done. Across global warehouses, digitisation of services and technical ramp-up has taken place. Globally, marketplaces like Amazon are being tapped.

Goenka told the media that e-commerce would have a $100 million contribution to our business by 2023. And this is going to come from our brands like Welspun here in India, acquired ones like United Kingdom's Christy, which made towels for the Queen of England, or US-based brands like Martha and Scott Living.

She said that the new way is noticeable to the company and is relevant to our emerging businesses, and e-commerce would have a quite big contribution. The e-commerce model is very scalable in the UK and the US.

The emerging business verticals that the company has been investing in here over the last few quarters. With nearly Rs 300 crore investments being further made in floorings, the company is anticipating the benefits of these verticals to increase in Q4 FY22 onwards.

Owned and licensed brands, and emerging businesses of advanced flooring and textile, have posted an 87% increase year-over-year (YoY) and have a revenue contribution of 15% to the revenues of Welspun India.

In FY21, Welspun India reported a turnover of about Rs 7,408 crore at an 8.4% YoY increase, seeing at Rs 600 crore capital expenditure (capex) this financial year across its three business verticals. This is over and beyond the investments made towards e-commerce play.

Welspun India is eyeing Rs 12,500 crore turnover by FY25, she said.

Image Source

Also read: Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing

Mumbai-based Welspun India is looking at a Rs 730 crore turnover from e-commerce as it looks at a larger play in the USA, UK, and India through its brands by FY23.According to Dipali Goenka, Joint Managing Director and CEO, Welspun India, the company is investing close to Rs 70-100 crore over a two-three year period towards the launch of its brands and putting in place of an e-commerce network including the back-end and front-end and up-skilling of its workers. A part of the proposed investments has already been done. Across global warehouses, digitisation of services and technical ramp-up has taken place. Globally, marketplaces like Amazon are being tapped. Goenka told the media that e-commerce would have a $100 million contribution to our business by 2023. And this is going to come from our brands like Welspun here in India, acquired ones like United Kingdom's Christy, which made towels for the Queen of England, or US-based brands like Martha and Scott Living. She said that the new way is noticeable to the company and is relevant to our emerging businesses, and e-commerce would have a quite big contribution. The e-commerce model is very scalable in the UK and the US. The emerging business verticals that the company has been investing in here over the last few quarters. With nearly Rs 300 crore investments being further made in floorings, the company is anticipating the benefits of these verticals to increase in Q4 FY22 onwards. Owned and licensed brands, and emerging businesses of advanced flooring and textile, have posted an 87% increase year-over-year (YoY) and have a revenue contribution of 15% to the revenues of Welspun India. In FY21, Welspun India reported a turnover of about Rs 7,408 crore at an 8.4% YoY increase, seeing at Rs 600 crore capital expenditure (capex) this financial year across its three business verticals. This is over and beyond the investments made towards e-commerce play. Welspun India is eyeing Rs 12,500 crore turnover by FY25, she said. Image Source Also read: Welspun logistics subsidiary to invest Rs 2,000 cr in warehousing

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..