Shriniwas Kargutkar, the Chief Financial Officer at Welspun Enterprises Ltd., since 2015, retires today. His retirement is on account of completion of superannuation as per the HR policy of the company. The announcement was made by the company in their statement to BSE. The Company is in the process of identifying suitable candidates for filling the vacancy.
Welspun Enterprises Limited (WEL), is a part of the US$ 2.3 billion Welspun Group. The Company’s key activity is in the infrastructure business – roads and highways to water, oil and gas. The company holds equity investments in Welspun Natural Resources Private Limited (Oil and gas exploration). WEL has also entered into a joint venture with the Adani Group to form Adani Welspun Exploration Limited. The company’s mission by 2020 is to be amongst : the top 2 value creators in all its businesses; the top 10 most respected Indian brands and the top 50 Groups in India in terms of market value.
Welspun Group is one of India’s fastest growing global conglomerates with businesses in Line Pipes, Home Textiles, Infrastructure, Steel, Advanced Textiles and Flooring solutions. The company is a globally recognized leader in Home Textiles and Line Pipes, and has a presence in over 50 countries with a strong team of 26,000+ employees.
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