Welspun group aims Rs 1,000 crore turnover from new flooring line

Welspun, home textiles major, is buoyant on its new flooring business to clock a revenue of Rs 1,000 crore in the next 3-4 years on the back of its new modular solutions.

Welspun Flooring is an integrated and independent flooring vertical of $ 2.3 billion Welspun Group. It is looking to tap the potential of the renovation segment of Rs 35,000 crore overall Indian tiles market.

Mukesh Savlani, CEO of Welspun Flooring, said, "Our target is to achieve a turnover of Rs 1,000 crore in the next three to four years. We will have a presence in 30 cities, from metros up to Tier III, by March 2019. Currently, we are in the process of appointing distributors."

"The overall Indian tiles market is around Rs 35,000 crore per annum, of which 90 per cent is for new construction and 10 per cent is a renovation. Our belief is that the renovation segment will grow significantly," he further stated.