Vinod Goenka

About Vinod Goenka

Birth Day: July 02, 1959
Birth Place: India
Birth Sign: Leo
Residence: Mumbai
Occupation: Chairman and Managing Director, DB Group
Spouse(s): Aseela Goenka
Children: 2
Website: Official Website

Vinod Goenka Net Worth

Vinod Goenka was bornon July 02, 1959 in India. Dropped out of college to join father's small construction firm in Mumbai and helped expand it into the Dynamix group whose interests include a dairy business. Partnered with the Balwa family in 1999 to build a Meridien Hotel near Mumbai's international airport. Partnership later became DB Realty, now a leading real estate firm that the two families recently listed, raising $323 million. Partners also own 45% stake in a telecom joint venture with UAE's Etisalat, which has still to start services. Grant of telecom licenses, including that to the former Swan Telecom, being probed by the Central Bureau of Investigation.

💰 Net worth: $1.1 Billion

Some Vinod Goenka images

Biography/Timeline

1959

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.

2006

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.

2009

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.

2010

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.

2011

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.

2013

In 2013, UAE telecoms operator Etisalat sued its Indian joint venture partners Vinod Goenka and Shahid Balwa for fraud after the Indian Supreme Court cancelled Goenka's 2G licenses as a part of the 2G spectrum case.

2019

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.