Welspun Investments and Commercials Limited (WICL)-erstwhile Welspun Investments Limited was formed after demerger of Welspun India Limited into two separate companies. The demerger was sanctioned by the High Court of Gujarat on May 12, 2009 and became effective from June 12, 2009. Welspun Group has its presence in various spheres of industry. WICL taps trading opportunities available in various sectors by leveraging the position of Welspun Group.
The Company was originally incorporated as a private Company in the name of Welspun Investments Private Limited on 7th October 2008.
The status of the Company was changed from private company to public company by passing the necessary resolution on 10th October 2008 and having obtained fresh certificate of incorporation on 21st October 2008.
The name of the Company was changed from Welspun Investments Limited to Welspun Investments and Commercials Limited with effect from March 31, 2010 on receipt of fresh certificate of incorporation consequent upon change of name from Registrar of Companies, Gujarat.
The Company is recently classified as a Core Investment Company or CIC, an NBFC which is not required to obtain Certificate of Registration from the Reserve Bank of India.
The Company holds most of its investments in the Group Companies as per the RBI Regulations. The Company earns most of its operational revenue in the form of dividend.