Welspun Group, led by the Goenka family, is repositioning Sintex—a company acquired through insolvency—into new business segments, including pipes, with the objective of capturing a 5 per cent share of the competitive Indian pipes market within the next seven years.
Sintex, historically known for its plastic water storage tanks, is being diversified into additional sectors such as water recycling, electrical boxes, and, in the future, cable wires. According to Yashovardhan Agarwal, Managing Director of Welspun BAPL and Director at Sintex, the group is investing significantly in capacity expansion, talent acquisition, and operational optimisation to support long-term growth.
“Our strategy involves entering various product categories. From water storage solutions, we are expanding into water transportation via pipes and moving into water treatment solutions,” Mr Agarwal stated.
The company has already initiated prototyping for the pipes segment and anticipates establishing a nationwide footprint within a year. Sintex will also focus on water reclamation and re-harvesting initiatives as part of its entry into the water recycling market. Additional investments are planned for the expansion and modernisation of existing facilities.
Currently, Sintex’s operations generate approximately ₹600 crore in revenue, following the restructuring of its portfolio post-acquisition. The company has refocused on the premium water tank segment, which has experienced a 12 per cent growth rate. “When we took over, the company was in disarray. Internal restructuring and increased transparency were essential. We are now beginning to see results,” said Agarwal.
Discussing future prospects, Agarwal highlighted that the pipes segment offers significantly greater market potential, with an industry size estimated to be 12 times larger than that of water tanks. The Indian pipes market, growing at 12 per cent annually, is projected to reach ₹1.3 lakh crore by FY30.
In parallel, Welspun is working to make Sintex’s water storage tanks more accessible to price-sensitive consumers. The group is now targeting Tier II and Tier III cities, expanding its footprint beyond traditionally served urban centres. “Sintex enjoys strong brand recognition even in smaller towns, which positions us advantageously as we scale across India,” Mr Agarwal added.
The water storage tank segment, valued at approximately ₹6,000 crore, currently sees Sintex holding a 10 per cent market share despite recent operational challenges. Welspun Group is one of India’s leading global conglomerates with diversified interests across sectors such as textiles, pipes, infrastructure, steel, and flooring.
Headquartered in Mumbai, the Group operates in over 50 countries and exports to more than 70, serving prominent clients in industries ranging from oil and gas to retail. Welspun is recognized for its innovation-driven approach, world-class manufacturing capabilities, and commitment to sustainability. Its flagship companies include Welspun India, a global leader in home textiles; Welspun Corp, one of the largest manufacturers of large-diameter pipes; and Welspun Enterprises, which focuses on infrastructure and EPC projects. Guided by a strong ethos of corporate governance and social responsibility, the Welspun Group continues to drive growth while contributing to India’s industrial and economic development.
