Born in 1959 in Calcutta (now Kolkata), he moved to Bombay at the age of 6 with his family beginning his education at Green Lawns High School. He then attended Jamnabai Naree School and Campion School in Fort later. He was national level athlete with a 100-meter sprint of 11.5 seconds, 200 meter sprint of 23.5 seconds and a long jump distance of 6.31 meters. Following a muscle injury, and unable to return to the track, Goenka began taking up other Sports.
In 2006, Vinod Goenka came together with Mr. Shahid Balwa from the Balwa Group, after a 9 year long affiliation, in a Joint Venture to create the DB Realty Ltd (Dynamix Balwa Realty). DB Realty Ltd has been listed on both the National Stock Exchange and the Bombay Stock Exchange in 2010. DB Realty Ltd has developed over 25 projects in and around Mumbai and Pune. The company’s notable projects include DB Crown, DB Orchid Heights, DB Woods, Orchid Suburbia and DB Ozone.
Goenka resides in Mumbai, he is married to Aseela Goenka and has two children, a son and a daughter. He was an active member of the Young Presidents' Organization (YPO), graduating to become a member of the World Presidents Organisation (WPO) in 2009.
His net worth is estimated at US$1.18 billion by Forbes magazine as of 2010. He started off by joining his father’s interior design and furniture company in Mumbai and helped expand it to form the Dynamix Group. Later, he partnered with the Balwa family to form DB Realty Ltd and build Le Royal Meridien Hotel Mumbai, near Mumbai’s International Airport.
Goenka as DB's promoters also Diversified into the Telecom sector and were issued 2G licences, for Rs 1,537 crore (Rs billion), to operate in 15 circles. Later, they sold a 45 per cent stake in their Telecom venture, Swan Telecom, to UAE-based Etisalat for nearly Rs 4,200 crore (Rs 42 billion). Vinod Goenka was arrested on April 20, 2011 for his alleged role in the 2G spectrum case and was granted bail on November 23, 2011 by the Supreme Court.
At the age of 23, Vinod Goenka started a tailoring shop with a group of his childhood friends in Juhu but soon moved on to looking after his father’s Business of interior design and furniture as his Father had then moved on to Real Estate and Construction. At the age of 23-24, Goenka’s Father, Mr. K.M. Goenka bought Crystal Granite, a sick company on the verge of closing shop, and handed it over to his son to run and revive.