Dipali Goenka Explained

Dipali Goenka
Birth Date:13 October 1969[1]
Nationality:Indian
Alma Mater:Harvard University
Occupation:Businesswoman
CEO & MD, Welspun Living[2]
Spouse:Balkrishan Goenka[3]
Children:2[4] [5]

Dipali Goenka (born October 13, 1969) is an Indian businesswoman who is the CEO and Managing Director of Welspun Living,[6] [7] [8] one of the largest textile manufacturers in the world.[9] [10] [11] In 2016, Forbes ranked her as the 16th most powerful woman in Asia and the 4th in India.[12] [13] In 2017, she was the co-chair of the World Economic Forum on India and a speaker at the Harvard India Conference's Inspire Series in 2018.[14] [15] She also was a panelist for the CII Session on Investing in Parity -The Double X Factor at the World Economic Forum at Davos in 2024.[16]

Early life

Goenka was born on October 13, 1969 in Jaipur, into a Marwari family.[17] She attended Maharani Gayatri Devi Girl’s School and later graduated with a degree in psychology.[18] At the age of 18, she married BK Goenka[19] [20] [21] and moved to Mumbai in 1987.[22] [23] [24]

Career

In 2002, Goenka joined her husband's textile business, Welspun, where she headed the design studio. She spent time on the shop floor learning about various aspects of the business, including purchasing cotton, manufacturing processes, and machine operations. Welspun initially focused on textile export and later expanded into the domestic retail market with the brand Spaces under Goenka's leadership.[25] In 2004, Welspun City, a textile manufacturing facility, was constructed on a 2500-acre campus in Gujarat.[26]

In 2005, Goenka attended the President Management Program at Harvard Business School. In 2006, she led Welspun's acquisition of Christy, a manufacturer of household linens founded in 1850, for ₹100 crores.[27] In 2010, Goenka was appointed CEO of Welspun's global business,[28] [29] and by 2014, she became its joint managing director.[30] [31]

In 2016, Welspun India faced a major setback when the American retail corporation Target Corp discovered substandard bedsheets sold to them,[32] [33] which accounted for about 10% of Welspun India’s annual revenue.[34] This led to a 54% decline in Welspun India's market capitalization between August 19, 2016, and August 30, 2016.[35] [36] By 2017, Welspun had grown to become a major player in the global home textile market,[37] with a presence in 32 countries, including the US, UK, Europe, Canada, and Australia.[38] [39] The company manufactures towels and bed linen under the Martha Stewart brand for the North American market.[40] [41]

Goenka is also involved in philanthropic initiatives focused on inclusive development.[42] She serves as the Brand Ambassador for WEConnect International, chaired the ASSOCHAM Women's Council,[43] and is a board member of the Consumption platform at the World Economic Forum. In 2023, she was appointed as an Independent Director on the board of NDTV.[44]

Personal life

She married BK Goenka, co-founder and chairman of the Welspun World, in 1987. The couple has two daughters, Radhika and Vanshika.[45]

Recognition

External links

Notes and References

  1. News: Iyer . Sriram . Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she's a homemaker-turned-CEO engaged in the good fight . Business Insider.
  2. News: Martha Stewart backs India outsourcing as companies rethink China supply chains . www.ft.com.
  3. News: Dipali Goenka: Unstoppable Tycoon . Business Today . 10 December 2021 . en.
  4. Web site: Reddy . Sujata . Welspun group heiress Radhika Goenka wants to surprise her parents with entrepreneurial abilities . The Economic Times . 4 July 2017.
  5. News: Thomson . Lisa Mary . Check out how leaders of India Inc bring up their kids . The Economic Times . 11 January 2010.
  6. Web site: 2024-02-28 . Dipali Goenka . 2024-05-06 . CNBC . en.
  7. Web site: With The World In Its Present State, A Stable Economy Like India Is A Nice Place To Work In: Martha Stewart . 2024-05-06 . Forbes India . en.
  8. Web site: Looking Ahead with Learnings from the Crisis . 2024-05-06 . www.forbesindia.com.
  9. News: Umarji . Vinay . Welspun ranked largest global home textiles supplier . Business Standard.
  10. Web site: 2023-07-12 . Who is Dipali Goenka, CEO of Rs 9400 crore Indian brand that makes Wimbledon towels; know about her lifestyle and net worth . 2024-05-06 . Financialexpress . en.
  11. News: Ganguly . Shramana . 2013-02-04 . Welspun is the top home textile supplier in the US . 2024-05-06 . The Economic Times . 0013-0389.
  12. Web site: Jain . Samidha . The Onus Of Empowering Women Lies Equally On Women Too: Dipali Goenka Of Welspun India . 2024-05-06 . Forbes India . en.
  13. Web site: India's 100 Richest: Why Is It Still A Man's World? . 2024-07-11 . Forbes India . en.
  14. Web site: [4] ]. weforum.
  15. Web site: 2024-01-17 . 'Work-life balance comes by creating more leaders': What high-powered panel of women CEOs said at Davos . 2024-05-06 . Business Today . en.
  16. Web site: Srinivasan . Sreshti . 2024-01-16 . Davos 2024: India Preferred Place For Supply Chain Retailers, Says Welspun Living's Dipali Goenka . 2024-07-27 . NDTV Profit . en.
  17. Web site: Meet Dipali Goenka, CEO of Welspun . 2024-07-11 . DNA India . en.
  18. Web site: Venkatesh . Shruti . How Dipali Goenka transformed Welspun into a global textile giant . Outlook Business.
  19. Web site: Tripathi . Naandika . Diversity Is Not Just About Women, It's About Embracing The Community: Dipali Goenka . 2024-05-06 . Forbes India . en.
  20. Web site: 2017-08-07 . Mother-daughter, Dipali and Radhika Goenka share more than business smarts . 2024-05-06 . Vogue India . en-IN.
  21. Web site: 2016-06-17 . 5 Business partners who are married to each other . 2024-05-06 . www.indiatvnews.com . en.
  22. News: 'If you want the nation to progress, then you need to empower women': Dipali Goenka, CEO and joint MD, Welspun India . Money Control.
  23. Web site: Spinning a Success Story . Free Press Journal.
  24. Web site: 2021-01-07 . New Spins - BW Businessworld . https://web.archive.org/web/20210107060232/http://www.businessworld.in/article/New-Spins/08-11-2014-60229/ . 2021-01-07 . 2024-05-06.
  25. Web site: Raghunathan . Anuradha . 2019-11-29 . Fabric-ation? Welspun Crisis Takes Toll On Goenkas . 2024-07-11 . Forbes India . en.
  26. Web site: 2021-12-10 . Dipali Goenka: Unstoppable Tycoon . 2024-07-10 . Business Today . en.
  27. Web site: Spinning A Success Story - Dipali Goenka . 2024-07-10 . www.marwar.com.
  28. News: Ganguly . Dibeyendu . 2013-03-08 . Can Balkrishan Goenka's decision to choose family over professionals work at Welspun? . 2024-07-10 . The Economic Times . 0013-0389.
  29. News: Singh . Rajiv . 2017-03-02 . Dipali Goenka gives a high-tech spin to get Welspun back on target . 2024-07-10 . The Economic Times . 0013-0389.
  30. News: Mishra . Lalatendu . 2018-12-02 . Welspun India is eyeing $2 billion in revenue by 2022: Dipali Goenka . 2024-07-10 . The Hindu . en-IN . 0971-751X.
  31. Web site: 2021-06-06 . Dipali Goenka's plans for Welspun Group . 2024-07-10 . www.fortuneindia.com . en.
  32. News: Singh . Rajiv . 2017-03-02 . Dipali Goenka gives a high-tech spin to get Welspun back on target . 2024-07-11 . The Economic Times . 0013-0389.
  33. News: Target severs ties with Welspun . Business Standard.
  34. News: Lawsuits against Welspun, Wal-Mart roil cotton industry . livemint.
  35. Web site: Staff . Scroll . 2016-08-22 . Shares of Welspun India drop 20% after Target Corp terminates ties with the textile manufacturer . 2024-07-11 . Scroll.in . en.
  36. Web site: 2016-08-24 . Welspun India shares crash after US retailer ends contract . 2024-07-11 . The Indian Express . en.
  37. News: Layak . Suman . 2019-06-09 . How Welspun India is emerging from a crisis that rocked its credibility . 2024-07-11 . The Economic Times . 0013-0389.
  38. Web site: Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she's a homemaker-turned-CEO engaged in the good fight . 2024-07-10 . Business Insider.
  39. News: Layak . Suman . 2019-06-09 . How Welspun India is emerging from a crisis that rocked its credibility . 2024-07-10 . The Economic Times . 0013-0389.
  40. Web site: 2023-11-17 . Martha Stewart and Welspun Heart to home . 2024-07-10 . India Today . en.
  41. Web site: 2023-11-12 . 'We wanted to show Martha Stewart a slice and dice of India's culture' . 2024-07-10 . Hindustan Times . en.
  42. Web site: This Indian Company Provides Towels For Nadal, Djokovic In Wimbledon; Turnover Rs 9,400 Crore . 2024-07-10 . Zee News . en.
  43. Web site: NDTV Appoints Former SEBI Chairman UK Sinha And Business Leader Dipali Goenka As Independent Directors . 2024-07-10 . NDTV.com.
  44. News: Bureau . The Hindu . 2023-03-27 . NDTV appoints former SEBI chairman U.K. Sinha, Welspun India CEO Dipali Goenka as independent directors . 2024-07-10 . The Hindu . en-IN . 0971-751X.
  45. Web site: Zachariah . Reeba . V K . Vipashana . 'Working empowers you, makes you confident': Dipali Goenka, MD, Welspun Retail - ET Retail . 2024-07-10 . ETRetail.com . en.
  46. Web site: 2016-04-07 . 8 Indian women who made it to Forbes' Asia Power Businesswomen 2016 list . 2024-07-10 . Business Today . en.
  47. Web site: Scott . Mary E. . Asia's 50 Power Businesswomen 2016 . 2024-07-10 . Forbes . en.
  48. Web site: Singh . Yoshita . Nita Ambani most powerful businesswoman in Asia . 2024-07-10 . Rediff . en.
  49. Web site: Welspun India: Out Of The Woods . 2024-07-10 . Forbes India . en.

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