Balkrishan Goenka’s profile picture

Balkrishan Goenka

Balkrishan Goenka’s profile picture
Net worth 2018: $1.31 Billion
Industry: Manufacturing
Residence: Mumbai, India
Country: India
BirthDay: 15 August 1966
Sigh: Virgo
Children: 2
BIOGRAPHY

Balkrishan Goenka was bornon 15 August 1966 in Mumbai, India, India. Balkrishan Goenka is #1581 in List Billionaires People In The World. 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.

NET WORTH STATISTIC
2016

$1.4 Billion

2017

$1.3 Billion

2018

$1.31 Billion

TIMELINE
1980

The middle of three children, he spent his early years in Delhi before moving to Mumbai in the early 1980s

1966

B K Goenka (born 15 August 1966) is an entrepreneur based in Mumbai, Maharashtra, India

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