Balkrishan Goenka

About Balkrishan Goenka

Birth Day: August 15, 1966
Birth Place: Mumbai, India, India
Birth Sign: Virgo
Residence: Mumbai
Occupation: Chairman, Welspun Group
Spouse(s): Dipali Goenka
Children: 2
Website: Official Website

Balkrishan Goenka Net Worth

Balkrishan Goenka was bornon August 15, 1966 in Mumbai, India, India. Textile billionaire Balkrishan Goenka's fortune took a beating last August when customers such as American retailers Target, J.C Penney, Wal-Mart and and Bed, Bath & Beyond ended their relationship with his Welspun India because the company used inferior cotton for making Egyptian cotton bedsheets. While the stock has recovered somewhat, Welspun, run by his wife Dipali, still has lawsuits pending against it in U.S.courts over the false labelling. He also owns stakes in pipe manufacturer Welspun Corp and a privately-held steel outfit. 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. Expanded into home linen, focusing on the export market and got a break when Wal-Mart gave him a $1 million order for towels in1998.
Balkrishan Goenka is a member of Manufacturing

💰 Net worth: $1.17 Billion (Updated at 22 June 2018)

2016 $1.4 Billion
2017 $1.3 Billion
2018 $1.31 Billion

Biography/Timeline

1980

B. K. Goenka (known more as BK or BKG) was born to Gayatri Devi Goenka and Gopiram Goenka in Hissar, Haryana. The middle of three children, he spent his early years in Delhi before moving to Mumbai in the early 1980s. He set up Welspun along with his cousin, Rajesh R. Mandawewala, who is now the managing Director of the Welspun Group.