diff --git a/doc/source/whatsnew/v1.5.2.rst b/doc/source/whatsnew/v1.5.2.rst
index 64f57986cc3e4..f2a61e9cd4e05 100644
--- a/doc/source/whatsnew/v1.5.2.rst
+++ b/doc/source/whatsnew/v1.5.2.rst
@@ -20,7 +20,7 @@ Fixed regressions
   from being passed using the ``colormap`` argument if Matplotlib 3.6+ is used (:issue:`49374`)
 - Fixed regression in :func:`date_range` returning an invalid set of periods for ``CustomBusinessDay`` frequency and ``start`` date with timezone (:issue:`49441`)
 - Fixed performance regression in groupby operations (:issue:`49676`)
--
+- Fixed regression in :class:`Timedelta` constructor returning object of wrong type when subclassing ``Timedelta`` (:issue:`49579`)
 
 .. ---------------------------------------------------------------------------
 .. _whatsnew_152.bug_fixes:
diff --git a/pandas/_libs/tslibs/timedeltas.pyx b/pandas/_libs/tslibs/timedeltas.pyx
index b0200990809cc..0b33af1159fe5 100644
--- a/pandas/_libs/tslibs/timedeltas.pyx
+++ b/pandas/_libs/tslibs/timedeltas.pyx
@@ -188,7 +188,7 @@ def ints_to_pytimedelta(ndarray m8values, box=False):
             res_val = <object>NaT
         else:
             if box:
-                res_val = _timedelta_from_value_and_reso(value, reso=reso)
+                res_val = _timedelta_from_value_and_reso(Timedelta, value, reso=reso)
             elif reso == NPY_DATETIMEUNIT.NPY_FR_ns:
                 res_val = timedelta(microseconds=int(value) / 1000)
             elif reso == NPY_DATETIMEUNIT.NPY_FR_us:
@@ -737,7 +737,7 @@ cdef bint _validate_ops_compat(other):
 def _op_unary_method(func, name):
     def f(self):
         new_value = func(self.value)
-        return _timedelta_from_value_and_reso(new_value, self._reso)
+        return _timedelta_from_value_and_reso(Timedelta, new_value, self._reso)
     f.__name__ = name
     return f
 
@@ -807,7 +807,7 @@ def _binary_op_method_timedeltalike(op, name):
             # TODO: more generally could do an overflowcheck in op?
             return NaT
 
-        return _timedelta_from_value_and_reso(res, reso=self._reso)
+        return _timedelta_from_value_and_reso(Timedelta, res, reso=self._reso)
 
     f.__name__ = name
     return f
@@ -938,10 +938,10 @@ cdef _to_py_int_float(v):
 
 
 def _timedelta_unpickle(value, reso):
-    return _timedelta_from_value_and_reso(value, reso)
+    return _timedelta_from_value_and_reso(Timedelta, value, reso)
 
 
-cdef _timedelta_from_value_and_reso(int64_t value, NPY_DATETIMEUNIT reso):
+cdef _timedelta_from_value_and_reso(cls, int64_t value, NPY_DATETIMEUNIT reso):
     # Could make this a classmethod if/when cython supports cdef classmethods
     cdef:
         _Timedelta td_base
@@ -951,13 +951,13 @@ cdef _timedelta_from_value_and_reso(int64_t value, NPY_DATETIMEUNIT reso):
     #  We pass 0 instead, and override seconds, microseconds, days.
     #  In principle we could pass 0 for ns and us too.
     if reso == NPY_FR_ns:
-        td_base = _Timedelta.__new__(Timedelta, microseconds=int(value) // 1000)
+        td_base = _Timedelta.__new__(cls, microseconds=int(value) // 1000)
     elif reso == NPY_DATETIMEUNIT.NPY_FR_us:
-        td_base = _Timedelta.__new__(Timedelta, microseconds=int(value))
+        td_base = _Timedelta.__new__(cls, microseconds=int(value))
     elif reso == NPY_DATETIMEUNIT.NPY_FR_ms:
-        td_base = _Timedelta.__new__(Timedelta, milliseconds=0)
+        td_base = _Timedelta.__new__(cls, milliseconds=0)
     elif reso == NPY_DATETIMEUNIT.NPY_FR_s:
-        td_base = _Timedelta.__new__(Timedelta, seconds=0)
+        td_base = _Timedelta.__new__(cls, seconds=0)
     # Other resolutions are disabled but could potentially be implemented here:
     # elif reso == NPY_DATETIMEUNIT.NPY_FR_m:
     #    td_base = _Timedelta.__new__(Timedelta, minutes=int(value))
@@ -1532,7 +1532,7 @@ cdef class _Timedelta(timedelta):
     @classmethod
     def _from_value_and_reso(cls, int64_t value, NPY_DATETIMEUNIT reso):
         # exposing as classmethod for testing
-        return _timedelta_from_value_and_reso(value, reso)
+        return _timedelta_from_value_and_reso(cls, value, reso)
 
     def _as_unit(self, str unit, bint round_ok=True):
         dtype = np.dtype(f"m8[{unit}]")
@@ -1708,7 +1708,7 @@ class Timedelta(_Timedelta):
         if value == NPY_NAT:
             return NaT
 
-        return _timedelta_from_value_and_reso(value, NPY_FR_ns)
+        return _timedelta_from_value_and_reso(cls, value, NPY_FR_ns)
 
     def __setstate__(self, state):
         if len(state) == 1:
@@ -1800,6 +1800,7 @@ class Timedelta(_Timedelta):
                 return NaT
 
             return _timedelta_from_value_and_reso(
+                Timedelta,
                 <int64_t>(other * self.value),
                 reso=self._reso,
             )
diff --git a/pandas/tests/scalar/timedelta/test_constructors.py b/pandas/tests/scalar/timedelta/test_constructors.py
index 5b2438ec30f3a..90e148f51dd87 100644
--- a/pandas/tests/scalar/timedelta/test_constructors.py
+++ b/pandas/tests/scalar/timedelta/test_constructors.py
@@ -402,3 +402,12 @@ def test_string_without_numbers(value):
     )
     with pytest.raises(ValueError, match=msg):
         Timedelta(value)
+
+
+def test_subclass_respected():
+    # GH#49579
+    class MyCustomTimedelta(Timedelta):
+        pass
+
+    td = MyCustomTimedelta("1 minute")
+    assert isinstance(td, MyCustomTimedelta)