Welspun Corp’s wholly-owned subsidiary, Welspun Mauritius Holdings Limited, will incorporate a new step-down subsidiary in Gujarat International Finance Tec-City, India. The new company will focus on global and regional corporate treasury activities within the International Financial Services Centre (IFSC) framework. The incorporation was approved on November 6, 2025.
New Subsidiary Planned
Welspun Corp has announced that its wholly-owned subsidiary, Welspun Mauritius Holdings Limited (“WMHL”), will incorporate a new step-down wholly-owned subsidiary in Gujarat International Finance Tec-City, India. The decision was made during a WMHL board meeting held on November 6, 2025. After incorporation, the new entity will become a step-down wholly-owned subsidiary of Welspun Corp.
Focus on Treasury Activities
The proposed company will be incorporated in Gujarat International Finance Tec-City, India. Its primary focus will be to undertake global and regional corporate treasury center activities within the International Financial Services Centre (IFSC) framework.
Details of Incorporation
The name of the proposed company shall be ‘Welspun Global IFSC Limited’ or another approved name. The country of incorporation is India. The industry is classified as Financial Services / Corporate Treasury operations. The incorporation is subject to approval from the Ministry of Corporate Affairs. Welspun Mauritius Holdings Limited will hold 100% of the shareholding.
Source: BSE
