Related Keywords: carving out yarn spinning business, create a separate roadmap, largest manufacturers and exporters, Mandawewala, next generation, nylon filament yarn, plan smooth succession of business, Polyester Texturised Filament Yarn, process of purchasing partner and chairman stake, the group managing director, Welspun Group, Welspun Syntex
Welspun Syntex Limited , the yarn spinning business established in 1983, flagship company under the Welspun umbrella, the $3-billion textile-to-steel pipes conglomerate will be now managed by cofounder Rajesh Mandawewala’s elder son Abhishek. The decision by Welspun Group to carve out the yarn spinning business is a step to ensure separation of ownership and management, while simultaneously planning a smooth succession of the business to the next generation.
