Although participating in Indian equities is a true test of the nerves, this is a thrilling a time for investors to be exposed to the world’s largest democracy.
This note continues Gaurav’s exploration of industry leaders within the India Capital Growth Fund portfolio, turning his attention to Welspun India, a textiles company with a market cap of US$1bn. With a strong market share in the US and new opportunities in the domestic market, this note examines Welspun’s exciting growth trajectory and how it is making a name for itself as an ESG pioneer in India.
Picture the multiple challenges that are faced when a family wants to tile their kitchen or bathroom in India. As a customer, the buying experience can be an infuriating challenge. Successfully navigating a sector where 55% of the market operates in the informal sector where tax evasion, price cutting, and poor customer service are the norm is no picnic.