Balkrishan Gopiram Goenka
| Balkrishan Gopiram Goenka | |
|---|---|
 Balkrishan Goenka.png | |
| Born | 15 August 1966 Hisar, Haryana, India |
| 💼 Occupation | |
| 👩 Spouse(s) | Dipali Goenka |
| 👶 Children | 2 |
| 🌐 Website | Official Website |
Balkrishan Gopiram Goenka, born on August 15, 1966, is a prominent business leader from India and is based in Mumbai, Maharashtra. He serves as the Chairman of the Welspun Group, a global conglomerate with operations in over 50 countries and a net worth of US$2.3 billion. Mr. Goenka is also a co-founder and major shareholder of companies such as Welspun India Ltd, which is the world's largest manufacturer of terry towels, and Welspun Corp Ltd, which is the world's second-largest producer of large-diameter pipes.[2][3]
During his tenure as the President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) from 2018 to 2019, Mr. Goenka played a significant role in shaping India's trade, commerce, and industrial environment.
According to Forbes, Goenka's net worth is estimated at $1.3 billion as of 29 December 2022.[4] Goenka ranked 83rd on 2015's Forbes India Rich List.[5]
Early life[edit]
Balkrishan Goenka (known more as BK or BKG) was born on 15 August 1966 in Hisar, Haryana, the son of Gopi Ram Goenka and his wife, Gayatri Devi Goenka. The second of three children, he grew up in Delhi before moving to Mumbai in the early 1980s.[3] Balkrishan Goenka lived in a joint family in a large house with grandparents, parents, brothers and sisters, four uncles, aunts, and cousins.[6]
He came from a Marwari family engaged in exporting food grains but seemed interested in something other than carrying on the family business. Goenka wanted to venture into a different business.[2] The 16-year-old BKG decided to turn the family's movie hall into a commercial complex and set up a fast food joint there.[7]
Career[edit]
The career of BKG has been majorly influenced by Gopi Ram Goenka (Babuji). Balkrishan Goenka draws inspiration from his father.[3] Goenka founded Welspun in 1985. The initial project was in Maharashtra's Palghar. Canara Bank provided the funding, and Himsons, Surat, a company that assembles texturizing machinery, was contracted to supply the first machine. Within a year, the company made a profit of INR 18 lakhs.[2]
Goenka set up Welspun with his cousin, Rajesh R. Mandawewala, now the managing director of the Welspun Group.[8] Over 25 years, he built up a $3-billion turnover company.[7]
Timeline[edit]
2000s–present[edit]
In 2006, Welspun acquired an 85 percent stake in CHT Holdings Limited, the holding company of Christy, the leading towel brand in Britain.[9][10] BKG has ventured into various businesses ranging from home textiles to steel pipes, infrastructure, renewable business, warehousing and Oil & Gas.[11]
Personal life[edit]
He married Dipali Goenka in 1987, and they have two daughters, Radhika and Vanshika.[12] He owns two vintage cars: A Standard Coventry 1929 and a 1930 Ford.
References[edit]
- ↑ "Welspun: Spinning A New Web". Financial Express. 16 November 2002. Retrieved 4 January 2011.
- ↑ 2.0 2.1 2.2 "'I wanted to do something different'". Financialexpress. Retrieved 2023-01-06.
- ↑ 3.0 3.1 3.2 "If you are satisfied you cannot grow, writes Chhaya Momaya". DNA India. Retrieved 2023-01-06.
- ↑ "Balkrishan Goenka". Forbes. Retrieved 2023-01-06.
- ↑ Reddy, Sujata. "Big birthday bash on the cards for Welspun Group Chairman Balkrishan Goenka". The Economic Times. Retrieved 2023-01-06.
- ↑ "'Leaders are born, not made by education'". Hindustan Times. 2012-08-08. Retrieved 2023-01-09.
- ↑ 7.0 7.1 John, Nevin. "New Spins". BW Businessworld. Retrieved 2023-01-09.
- ↑ Ganguly, Dibeyendu. "Can Balkrishan Goenka's decision to choose family over professionals work at Welspun?". The Economic Times. Retrieved 2023-01-09.
- ↑ "Welspun acquires Christy of UK". The Economic Times. Retrieved 2023-01-09.
- ↑ Sarkar, Ranju (2007-11-20). "Welspun India turns around UK's 150-year-old Christy". Business Standard India. Retrieved 2023-01-09.
- ↑ "The ambitious aren't limited by resources: B.K. Goenka". www.fortuneindia.com. Retrieved 2023-01-09.
- ↑ "'Being Welspun Group chairman's wife means I get no special treatment'". The Economic Times. Retrieved 2023-01-09.
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