Weizmann Ltd, incorporated in 1985, is primarily engaged in textiles but has diversified into finance and renewable energy. Originally focused on textiles, it expanded into financial services in 1994, offering merchant banking and portfolio management. The company entered the renewable energy sector in 1995 by setting up a wind farm in Andhra Pradesh and later partnered with NedWind Rhenen, Netherlands, to manufacture wind turbine generators. Weizmann has been recognized as an Export House by the Indian government for its significant textile exports to African nations.
The company has undergone several restructuring phases, expanding and reducing its subsidiaries, and actively engaging in mergers and demergers to streamline its operations. Notably, it merged Karma Energy Ltd and Weizmann Forex Ltd, and later demerged into Karma Wind Power Ltd and Chanakya Holdings Ltd, with their shares listed on Indian stock exchanges. Weizmann Ltd continues to leverage its diverse portfolio to maintain its position in the textiles and renewable energy sectors.
