Setting New Horizons

Welspun City Gate, Anjar

Disclaimer
This presentation contains certain forward looking statements concerning future business prospects and business profitability of Welspun Group, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition ( both domestic and international), economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., interest and other fiscal costs generally prevailing in the economy. The company does not

undertake to make any announcement in case any of these forward looking statements
become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the company.

Vision

Synopsis…
• • Fastest emerging Global Groups 2nd Largest Large Diameter Pipe Company in the World
(Financial Times, UK)

3rd Largest Home Textile Company in the World
(Home Textiles Today 2010)

• •

India’s largest retail chain in Home Textiles India’s largest gas-based Merchant DRI producer

Synopsis…
• • Turnover US$ 2.7 billion, Asset base over US$ 1.8 billion Relationship with most of the Fortune 100 Companies operating in Oil & Gas and retail sector. Marquee client-list includes the likes of Exxon Mobil, Chevron, Shell, Transcanada, Wal-Mart, Target amongst others. Enjoys support from some of the largest financial institutions and investors like Temasek (Govt. of Singapore), Goldman Sachs, HSBC, State Bank of India, Bank of Baroda amongst others.

Leadership Team

Mr. B.K. Goenka
Chairman and Managing Director
Mr. Goenka, the prime architect of Welspun Group is the strength behind Welspun’s journey over the last 25 years. His strong business acumen combined with risk-taking abilities has enabled Welspun to succeed in many high-growth sectors. He has a vision of making Welspun to be one of the most respected Groups in the World by creating world-class companies, second to none. He has been nominated as Entrepreneur of the Year by Ernest & Young and is a member of the Young President’s Organization.

Leadership Team

Mr. R.R. Mandawewala,
Managing Director Chairman of Christy, UK (www.christytowels.com) and Welspun Sorema Europe, S.A. (www.sorema.pt), Mr. Mandawewala is heading the textile business (www.welspuntowels.com). A Chartered Accountant by profession and with over 20 years of experience, he has expertise in industries varying from Textiles to SAW Pipes.

Leadership Team

Mrs. Dipali Goenka
Executive Director Mrs. Dipali Goenka’s leadership, has been the driving force in Welspun Retail Ltd becoming the market leader in Indian home textile retail space. She has single handedly driven Welspun Retail Ltd. (www.welspun-retail.com) to become the pioneer with two brands Spaces Home & Beyond and Welhome.

Welspun’s Evolution 1985
Polyester Texturising yarn facility at Palghar, Maharashtra, India
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1993
Terry Towels facility at Vapi, Gujarat, India.
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1995
Terry Towels facility at Vapi, Gujarat, India.
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1997
SAW (Submerged Arc Welded) pipes at Dahej, Gujarat, India.
………………………………………………………………………………………………………………………………………………………………………………………………………………………….

1998
Polyester Filament Yarn facility at Silvasa, Maharashtra, India.
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Welspun’s Evolution 1999
Bathrobes facility at Vapi, Gujarat, India - a Joint Venture with Vincenzo Zucchi, Italy
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2000
Welspun USA at New York, USA - now a subsidiary of Welspun Global Brands Ltd.
………………………………………………………………………………………………………………………………………………………………………………………………………………………….

2001
Pipe Coating at Dahej, Gujarat, India - a Joint venture with Eupec Coatings GmbH', Germany
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Welspun’s Evolution
2005
• Home textile and Pipes expansion projects at Anjar, Gujarat, India • Terry Towels, cotton yarn spinning and foray into bed sheeting. • SAW pipe, and foray into ERW (Electrically resistant Welded) • Power Plant at Anjar, Gujarat, India • TMT (Thermo Mechanically Treated) Rebars, Ingots and Billets.
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2006
• Acquired Christy, U.K.'s leading towel brand & exclusive supplier to Wimbledon Tennis Championship. • Oil and Natural Gas Exploration - a Joint Venture with Adani Group • 2 new HSAW Plants at Anjar, Gujarat, India

Welspun’s Evolution 2009
• Welspun India Ltd. hived-off 2 Companies - Welspun Global Brands Ltd. and Welspun Investments Ltd. • Spiral Pipe facility at Little Rock, Arkansas U.S. • Coil Mill at Anjar, Gujarat, India • Acquired Vikram Ispat Ltd., the Sponge Iron business of Grasim Industries - rechristened as Welspun Maxsteel Ltd.
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2010
• Welspun Energy Ltd. – Solar Energy business • Welspun Infratech Ltd. - Acquisition of MSK Projects India Ltd. • Change of Name of Welspun Gujarat Stahl Rohren Ltd. to Welspun Corp Ltd. • Majority stake in Saudi Arabia SAW Pipe and Coating facility
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Revenue Growth
FY 2010 - Rs.125,000 mn FY 2009 - Rs.93,360 mn

FY 2006 - Rs.42,370 mn

FY 2005 - Rs.30,440 mn FY 2001 - Rs. 10,190 mn

FY 1995 - Rs. 2,000 mn

Welspun Group
TEXTILES

WELSPUN INDIA LTD.

WELSPUN GLOBAL BRANDS LTD.

WELSPUN SYNTEX LTD.

WELSPUN MEXICO S.A. DE.C.V.

WELSPUN USA Inc.

WELSPUN ZUCCHI TEXTILES LTD.

WELSPUN UK LTD.

WELSPUN SOREMA EUROPE S. A.

WELSPUN RETAIL LTD.

Welspun Group

Welspun Group
STEEL
WELSPUN STEEL LTD.

WELSPUN MAXSTEEL LTD.

REMI METALS GUJARAT LTD.

Welspun Group

ENERGY
SOLAR ENERGY

Products...

Facilities...

Palghar, Maharashtra, India-1985

Dahej, Gujarat, India - 1997

Silvassa, Maharashtra, India-1998

Chihuahua, Mexico - 2007 Vapi, Gujarat, India - 1995

Anjar, Gujarat, India - 2005

Little Rock, Arkansas, U.S. - 2009

Salav, Maharashtra, India - 2009

Baroda, Gujarat, India-2010

Relationship with International Giants

Global Presence…

Group Companies…
TEXTILES

Welspun India Limited www.welspuntowels.com
• • • Largest vertically integrated manufacturer of towels in Asia Facilities situated at Vapi, Anjar (Gujarat, India), Mexico and Portugal. Recently hived-off two companies - Welspun Global Brands Ltd. (Sales & marketing) and Welspun Investment Ltd. (Investment). Completed US$ 35 million of fund raising through QIP in Apr-10

Group Companies…
TEXTILES

Welspun Global Brands Ltd. www.welspunglobalbrands.com
• Owns and license brands like Christy, Kingsley, Sorema, Graciozza, Spaces, Welhome, Nautica, Amy Butler Strong management and team of talented workforce spread across UK, US, Mexico, Europe and India Welspun Mexico S.A. DE C.V., Welspun UK Ltd., Welspun Sorema Europe S.A., Welspun Retail Ltd are the Companies which are currently under Welspun Global Brands Ltd.

Group Companies…

TEXTILES Welspun UK Limited, UK www.christy-towels.com In July 2006, Welspun acquired 85% (now 100%) stake in Christy, U.K.'s leading towel brand. Launched in 1851, Christy is the world's oldest towel manufacturer and exclusive supplier to Wimbledon Tennis Tournament. Welspun Sorema Europe S.A., Portugal www.sorema.pt In December 2007, Welspun acquired 76% interest in Sorema, one of the leading Bath Rug majors in Europe. Welspun Mexico S.A. DE C.V. Decorative beddings - Produces 1.04 million bed-sets per annum.

Group Companies…

TEXTILES Welspun Retail Limited www.welspun-retail.com India’s first organized Home Textile stores under brands SPACES HOME & BEYOND and WELHOME. 210 Stores in more than 100 cities. Welspun Syntex Limited www.welspunsyntex.com Amongst the largest exporters of Polyester Texturised Filament Yarn from India. Creates nearly 200 new colors every month. Welspun Zucchi Textiles Limited www.welspunbathrobe.com Joint venture of two Global leaders; Welspun India Ltd. and Vincenzo Zucchi S.p.A of Italy. Currently the largest manufacturer and exporter of bath robes in India

TUBULAR LINE PIPES
Welspun Corp Limited (WCL) www.welspuncorp.com
(Formerly Welspun Gujarat Stahl Rohren Ltd.)

Largest Pipe manufacturer in the World
– Ranked as 2nd Largest (Large Diameter) Line Pipe Manufacturer in the World – Financial Times UK - 2008

Approved by almost every Oil & Gas majors including Transcanada, Shell, Gazprom, Total & Elpaso Facilities at Dahej & Anjar, Gujarat, India and Little Rock, Arkansas, USA
– Total Pipe capacity of 1.5 mn MTPA going up to 2.0 mn MTPA by FY2011

TUBULAR LINE PIPES
Welspun Corp Limited (www.welspuncorp.com)
(Formerly Welspun Gujarat Stahl Rohren Ltd.)

State-of-art Plate-cum-Coil mill at Anjar, Gujarat India
- Plate cum Coil Capacity of 1.5 mn MTPA


Completed US$ 250 million fund raising through FCCB & QIP in Oct / Nov 2009
Initiated agreements to acquire majority stake in
- Saudi Arabia pipe facility and a pipe coating facility - One of the largest Spiral Pipe manufacturing facilities in the region - It can produce up to 270,000 MTPA of Pipes - Long term assets valued at US$ 115 mn

POWER AND STEEL
Welspun Power & Steel Limited www.welspunpowerandsteel.com • State-of-the-art facility to manufacture Ribbed Thermo Mechanically treated (TMT) rebars, which have the prestigious ISI certifications. Acquired Vikram Ispat in May-09, Sponge Iron Business of Grasim Industries Ltd. – For a total value of about US$ 228 million – The plant, situated in the Raigad district of Maharashtra has an installed capacity of 1.0 mn MTPA.

– The plant has doubled production
– The Company is now re-christened as Welspun Maxsteel Ltd. (www.welspunmaxsteel.com). • Strategic investment in Remi Metals Gujarat Ltd.

EXPLORATION AND PRODUCTION
Welspun Natural Resources Ltd.

Incorporated with a main object of manufacturing and dealing in natural resources oil, gas and minerals.
Current activity includes bidding for oil and gas fields in India as well as for overseas fields. Currently has 7 fields – 3 in Gujarat, 1 in Assam, 1 in Egypt and 2 in Thailand

INFRASTRUCTURE

Welspun Infratech Ltd. www.welspuninfratech.com • A 100% subsidiary of Welspun Corp Ltd. set up to enter into the US$ 500 billion infrastructure industry in India.

Recently announced the acquisition of MSK Projects India Ltd. marking its foray into infrastructure and enter into laying of oil & gas and water pipelines.
– Total investment of up to US$ 90 million for a stake of about 75%

Aims to capture the full value chain - from Manufacturing of Plate & Coil – to Line Pipe and finally to Pipe laying.

SOLAR ENERGY

Welspun Energy Ltd. www.welspunenergy.com
• The Energy arm of WCL incorporated to meet India’s growing energy needs in an efficient and environment –friendly manner. Towards this commitment Welspun Energy intends to set-up solar energy based power generation facilities.

Intends to set up Solar energy based power plants across the country.

Global Footprint…
Listed on (Stock Exchanges)
• Mumbai (BSE &NSE)

Key Markets
• 80% of the products are exported to most developed economies viz. US, Europe, Middle East.

Key Consultants
• Ernst and Young • KPMG • PWC

Key Associates
• • • • Mannesmann Demag, Germany Voest Alpine, Austria Capello Tubi, Italy Eupec, Germany

Global Footprint…
Other Key Investors -Temasek (Govt. of Singapore) -HSBC Global Investment Fund -Goldman Sachs -State Bank of India -Bank of Baroda International Setup - Welspun UK Ltd. - Welspun Sorema Europe, S.A. - Welspun Mexico S.A. DE C.V. - Welspun USA Inc., New York - Welspun Tubular LLC, Arkansas

Best Practices…
Information Technology


SAP R/3 solutions across Welspun’s operations.
The power of Information Technology has been leveraged by using reverse auction and forward auction tools developed in-house for procurement of goods and services.

Best Practices…
Sustainability

Each and every Welspunite is proud to practice the principles paved by the 6 ‘E’ Enrichment of mind, Enrichment of body, Education, Empowerment of Women, Empathy & Environment Sustenance thereby realizing the overarching vision of overall development.
Welspun adopts the most environment friendly production, water effluent system, waste disposal mechanisms and strictly follows water harvesting measures in all its facilities.

Best Practices…
Sustainability

Each production center is equipped with a 24 hour medical facility for health hazards.
Welspun City, a 2500 acre township at Anjar is a prime example of continuous efforts of protecting our environment with strong emphasis on afforestation. The City is in the process of the creation of a green belt, which once completed, will be a veritable forest of about 500,000 trees.

Recognitions in 2009-2010
WELSPUN CORP LTD.

TOP INDIAN COMPANY IN METAL PIPES - Dun & Bradstreet
NATIONAL AWARD FOR EXPORT EXCELLENCE - Engineering Export Promotion Council – India EMERGING COMPANY OF THE YEAR - Economic Times Award For Corporate Excellence

Mr. B.K. Goenka, CMD Welspun, accepting the ‘Emerging Company of the Year’ Award from the Prime Minister of India Dr. Manmohan Singh

Recognitions in 2009-2010
WELSPUN GLOBAL BRANDS LTD. / WELSPUN INDIA LTD. • LARGEST SUPPLIER OF TERRY TOWELS - Home Textiles Today 3rd LARGEST HOME TEXTILE SUPPLIER / MANUFACTURER – Home Textiles Today International Design Award to Spaces Home & Beyond – Elle Décor COTTON TEXTILE EXPORT PROMOTION COUNCIL (TEXPROCIL) AWARDS – 2 Gold Trophy 2 Silver Trophy and 1 Bronze Trophy
TEXPROCIL AWARDS

THANK YOU

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