#1061
Balkrishan Goenka
Overview
- Source of Wealth
- Textiles
- Industry
- Manufacturing
- Residence
- Mumbai
- Marital Status
- Married
- Children
- 2
Assets
- Welspun Corp124,429,000 shares @ --532144-IN
- Welspun Enterprises72,041,000 shares @ --532553-IN
- Welspun India635,323,000 shares @ --514162-IN
- Welspun Investment and Commercials2,730,000 shares @ --533252-IN
Biography
Balkrishan Goenka controls and runs the Welspun Group in Mumbai, with interests in textiles and pipes.
Spurning his family's trading business, Goenka borrowed $100,000 from his father, took a bank loan and started Welspun in 1985 to make polyester yarn.
He expanded into home linen, focusing on the export market, with customers such as Walmart and Macy's.
His Welspun Corp is one of the largest pipe companies in the world.
His wife Dipali runs listed home textiles maker Welspun India.
About
Goenka has a passion for vintage cars.
His older daughter, Radhika, founded and runs The Lingerie Shop.
In 2023, he bought a luxury penthouse in Mumbai for $30 million.