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Dipali Goenka

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Dipali Goenka
Born (1969-10-13) October 13, 1969 (age 55)[1]
NationalityIndian
Alma materHarvard University
Occupation(s)Businesswoman, CEO & MD, Welspun Living
SpouseB K Goenka
Children2 Daughters (Vanshika Goenka and Radhika Goenka)

Dipali Goenka is an Indian businesswoman who serves as the CEO and Managing Director of Welspun Living,[2][3][4] one of the largest home textile manufacturers in the world.[5][6][7] In 2016, Forbes ranked her as the 16th most powerful woman in Asia and the 4th in India.[8][6] 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.[9][10]

Early life

Goenka was born in 1969 in Jaipur, into a Marwari family. She attended Maharani Gayatri Devi Girl’s School and later graduated with a degree in psychology.[11] At the age of 18, she married BK Goenka[12][13][14] and moved to Mumbai in 1987.[11][15][16][17]

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.[11] Welspun initially focused on textile export and later expanded into the domestic retail market with the brand Spaces under Goenka's leadership.[11] In 2004, Welspun City, a textile manufacturing facility, was constructed on a 2500-acre campus in Gujarat.[18]

In 2005, Goenka attended the President Management Program at Harvard Business School.[6] In 2006, she led Welspun's acquisition of Christy, a manufacturer of household linens founded in 1850, for ₹100 crores.[11][19] In 2010, Goenka was appointed CEO of Welspun's global business,[20][21] and by 2014, she became its joint managing director.[6][11][22][23]

In 2016, Welspun India faced a major setback when the American retail corporation Target Corp discovered substandard bedsheets sold to them, which accounted for about 10% of Welspun India’s annual revenue. This led to a 54% decline in Welspun India's market capitalization between August 19, 2016, and August 30, 2016. By 2017, Welspun had grown to become a major player in the global home textile market,[2][11] with a presence in 32 countries, including the US, UK, Europe, Canada, and Australia.[24][25] The company manufactures towels and bed linen under the Martha Stewart brand for the North American market.[26][27]

Goenka is also involved in philanthropic initiatives focused on inclusive development.[28] She serves as the Brand Ambassador for WEConnect International,[8] chaired the ASSOCHAM Women's Council,[29] 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.[30]

Personal life

She married BK Goenka, co-founder and chairman of the Welspun World, in 1987. The couple has two daughters, Radhika[15] and Vanshika.[2][31]

Awards and recognition

References

  1. ^ 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. ^ a b c d "Dipali Goenka". CNBC. 2024-02-28. Retrieved 2024-05-06.
  3. ^ "With The World In Its Present State, A Stable Economy Like India Is A Nice Place To Work In: Martha Stewart". Forbes India. Retrieved 2024-05-06.
  4. ^ "Looking Ahead with Learnings from the Crisis". www.forbesindia.com. Retrieved 2024-05-06.
  5. ^ Umarji, Vinay. "Welspun ranked largest global home textiles supplier". Business Standard.
  6. ^ a b c d "Who is Dipali Goenka, CEO of Rs 9400 crore Indian brand that makes Wimbledon towels; know about her lifestyle and net worth". Financialexpress. 2023-07-12. Retrieved 2024-05-06.
  7. ^ Ganguly, Shramana (2013-02-04). "Welspun is the top home textile supplier in the US". The Economic Times. ISSN 0013-0389. Retrieved 2024-05-06.
  8. ^ a b Jain, Samidha. "The Onus Of Empowering Women Lies Equally On Women Too: Dipali Goenka Of Welspun India". Forbes India. Retrieved 2024-05-06.
  9. ^ "[4]". weforum.
  10. ^ "'Work-life balance comes by creating more leaders': What high-powered panel of women CEOs said at Davos". Business Today. 2024-01-17. Retrieved 2024-05-06.
  11. ^ a b c d e f g Venkatesh, Shruti. "How Dipali Goenka transformed Welspun into a global textile giant". Outlook Business.
  12. ^ Tripathi, Naandika. "Diversity Is Not Just About Women, It's About Embracing The Community: Dipali Goenka". Forbes India. Retrieved 2024-05-06.
  13. ^ "Mother-daughter, Dipali and Radhika Goenka share more than business smarts". Vogue India. 2017-08-07. Retrieved 2024-05-06.
  14. ^ "5 Business partners who are married to each other". www.indiatvnews.com. 2016-06-17. Retrieved 2024-05-06.
  15. ^ a b "'If you want the nation to progress, then you need to empower women': Dipali Goenka, CEO and joint MD, Welspun India". Money Control.
  16. ^ "Spinning a Success Story". Free Press Journal.
  17. ^ "New Spins - BW Businessworld". web.archive.org. 2021-01-07. Retrieved 2024-05-06.
  18. ^ a b "Dipali Goenka: Unstoppable Tycoon". Business Today. 2021-12-10. Retrieved 2024-07-10.
  19. ^ "Spinning A Success Story - Dipali Goenka". www.marwar.com. Retrieved 2024-07-10.
  20. ^ Ganguly, Dibeyendu (2013-03-08). "Can Balkrishan Goenka's decision to choose family over professionals work at Welspun?". The Economic Times. ISSN 0013-0389. Retrieved 2024-07-10.
  21. ^ Singh, Rajiv (2017-03-02). "Dipali Goenka gives a high-tech spin to get Welspun back on target". The Economic Times. ISSN 0013-0389. Retrieved 2024-07-10.
  22. ^ Mishra, Lalatendu (2018-12-02). "Welspun India is eyeing $2 billion in revenue by 2022: Dipali Goenka". The Hindu. ISSN 0971-751X. Retrieved 2024-07-10.
  23. ^ "Dipali Goenka's plans for Welspun Group". www.fortuneindia.com. 2021-06-06. Retrieved 2024-07-10.
  24. ^ "Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she's a homemaker-turned-CEO engaged in the good fight". Business Insider. Retrieved 2024-07-10.
  25. ^ Layak, Suman (2019-06-09). "How Welspun India is emerging from a crisis that rocked its credibility". The Economic Times. ISSN 0013-0389. Retrieved 2024-07-10.
  26. ^ "Martha Stewart and Welspun | Heart to home". India Today. 2023-11-17. Retrieved 2024-07-10.
  27. ^ "'We wanted to show Martha Stewart a slice and dice of India's culture'". Hindustan Times. 2023-11-12. Retrieved 2024-07-10.
  28. ^ "This Indian Company Provides Towels For Nadal, Djokovic In Wimbledon; Turnover Rs 9,400 Crore". Zee News. Retrieved 2024-07-10.
  29. ^ "NDTV Appoints Former SEBI Chairman UK Sinha And Business Leader Dipali Goenka As Independent Directors". NDTV.com. Retrieved 2024-07-10.
  30. ^ Bureau, The Hindu (2023-03-27). "NDTV appoints former SEBI chairman U.K. Sinha, Welspun India CEO Dipali Goenka as independent directors". The Hindu. ISSN 0971-751X. Retrieved 2024-07-10. {{cite news}}: |last= has generic name (help)
  31. ^ Zachariah, Reeba; V K, Vipashana. "'Working empowers you, makes you confident': Dipali Goenka, MD, Welspun Retail - ET Retail". ETRetail.com. Retrieved 2024-07-10.
  32. ^ "8 Indian women who made it to Forbes' Asia Power Businesswomen 2016 list". Business Today. 2016-04-07. Retrieved 2024-07-10.
  33. ^ Scott, Mary E. "Asia's 50 Power Businesswomen 2016". Forbes. Retrieved 2024-07-10.
  34. ^ Singh, Yoshita. "Nita Ambani most powerful businesswoman in Asia". Rediff. Retrieved 2024-07-10.
  35. ^ "Welspun India: Out Of The Woods". Forbes India. Retrieved 2024-07-10.
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