Sintex (now part of Welspun Corp) is expanding beyond tanks and pipes to cover the entire water management cycle.
Welspun acquired Sintex for ₹1,251 crore through NCLT in 2023.
They have now committed ₹2,355 crore to expand the brand including setting up new manufacturing facilities.
After entering the pipes business and acquiring Weetek Plastics in Raipur for ₹85 crore, Welspun Corp-owned water tank maker Sintex now plans to offer products covering the entire water management cycle. Without sharing specifics, Yashovardhan Agarwal, Managing Director of Welspun BAPL and Director at Sintex, said, "We want to address the entire water treatment cycle."
"We want to give people the right to control their water—from the moment it enters their building, to how it’s stored in tanks, the pipes it flows through, the filtration systems used before showering, the water consumed, and even how that water is reused for flushing or other purposes," Agarwal told Outlook Business in an interview.
BK Goenka-led Welspun acquired the nearly 50-year-old brand through the insolvency resolution process under the NCLT in 2023. Known for its premium water tanks, Sintex was bought for ₹1,251 crore. Last year, the company announced a ₹2,355 crore investment for expansion including to set up manufacturing units in Telangana, Odisha, Madhya Pradesh and Jammu & Kashmir.
In May, Agarwal said that Sintex had already utilised ₹350 crore and added three more plants to boost production capacity. Welspun inherited six manufacturing facilities during the acquisition, with a combined capacity of 70 KTPA.
Sintex operationalised its Chhattisgarh plant in May this year and expects to operationalise its Bhopal plant by Q2 FY26.
"We're going to be more aggressive, but for the launch of pipes, we're starting softer. We've done a pilot launch in Chhattisgarh which has performed fabulously well. Even the Chhattisgarh market has responded very strongly to what is probably the most premium pipe available," Agarwal said, adding that the water tank segment alone is currently a ₹6,000 crore market and the pipes market is projected to grow to over ₹1.1–1.2 lakh crore in the next five years.
"We're targeting a 5% share of that (Pipes market). I know it's ambitious, but we have to be aggressive," he added.
In its Q1 earnings report released on July 29, Welspun Corp said the total addressable market for its water storage tanks (WST) and plastic pipes segment under the Sintex brand has surged from ₹12,000 crore to ₹85,000 crore.
According to Agarwal, the company is focusing on more innovative and health-conscious products.
"We prioritised R&D before setting up any new plants—because we believe innovation is the real growth lever. We didn’t want to be a 'me-too' player. So even as we studied the pipe segment, we began developing something new. That led to the creation of India’s first antimicrobial CPVC pipe—and most likely the first in the world," he said. He added that CPVC pipes are among the most expensive and technically challenging components in home plumbing, and innovation here makes a real difference—clearly setting Sintex apart from the competition.
On the premium pricing of these pipes, he said, "The Indian customer is willing to pay for it," as it directly impacts their health.
