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Dipali Goenka

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Dipali Goenka
Dipali Goenka in 2017
Born (1969-10-13) October 13, 1969 (age 55)[1]
NationalityIndian
Alma materHarvard University
OccupationBusinesswoman
TitleCEO & MD, Welspun Living[2]
SpouseBalkrishan Goenka[3]
Children2[4][5]

Dipali Goenka (born 1969) is an Indian businesswoman, and the CEO and MD of Welspun Living, a textile company in Mumbai.[6][7]

In 2016, Forbes ranked her as one of the 50 most powerful woman in Asia.[8][9][10] In 2023, she was appointed an independent director of NDTV alongside former SEBI chairman UK Sinha.[11] She was also invited to be part of NDTV World Summit in 2024.[12]

Early life

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Goenka was born in Jaipur and studied at Maharani Gayatri Devi Girls' School.[13] Due to family circumstances, she married at the age of 18[14] and moved to Mumbai in the late 1980s. She later completed her degree with a specialization in psychology.[6][15]

Career

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In 2002, Goenka joined her husband's textile business, where she headed the design studio. Welspun was initially a textile exporter. Under her leadership, the company expanded into the domestic retail market with the brand Spaces.[16][17] In 2004, she set up a textile manufacturing facility in Gujarat.[18]

In 2005, Goenka attended the owner and president management program at Harvard Business School.[19] In 2006, she acquired Christy, a UK-based towel manufacturer, for ₹100 crores.[6][20] In 2020, she was appointed CEO of Welspun's global business[21][22] and in 2014, she became the Joint Managing Director.[23]

She has participated in international forums, including the Harvard India Conference in 2018 and the World Economic Forum in Davos in 2024, where she was a panelist at a session titled Investing in Parity - The Double X Factor. She is a brand ambassador for WEConnect International,[9] chaired the ASSOCHAM Women's Council,[24] and is a board member of the consumption platform at the World Economic Forum.[25]

Personal life

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She married BK Goenka, co-founder and chairman of Welspun World, in 1987. The couple has two daughters, Radhika[15] and Vanshika.[26]

Lawsuit

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During her tenure at Welspun India, the company faced a major setback when the US retail corporation Target terminated all its contracts with Welspun due to a dispute over cotton supply.[27] Target alleged that the bedsheets supplied by the company were falsely labeled as Egyptian cotton and that another type of non-Egyptian cotton was substituted during production between August 2014 and July 2016 without Target's knowledge.[28] Subsequently, Walmart and Bed Bath & Beyond also ceased their partnerships with Welspun. This led to a 54% decline in Welspun India's market capitalization between August 19, 2016, and August 30, 2016.[29]

Media appearances

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She has appeared on business news channels including The Economic Times and Bloomberg.[30][31]

Recognition

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References

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  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. ^ "Martha Stewart backs India outsourcing as companies rethink China supply chains". www.ft.com.
  3. ^ "Dipali Goenka: Unstoppable Tycoon". Business Today. 10 December 2021.
  4. ^ Reddy, Sujata (4 July 2017). "Welspun group heiress Radhika Goenka wants to surprise her parents with entrepreneurial abilities". The Economic Times.
  5. ^ Thomson, Lisa Mary (11 January 2010). "Check out how leaders of India Inc bring up their kids". The Economic Times.
  6. ^ a b c Venkatesh, Shruti. "How Dipali Goenka transformed Welspun into a global textile giant". Outlook Business.
  7. ^ Devi, Gayatri (27 January 2024). "Spinning a Success Story". Free Press Journal.
  8. ^ Scott, Mary E. "Asia's 50 Power Businesswomen 2016". Forbes. Retrieved 2024-07-10. this list -- which is presented alphabetically and is not intended to be a ranking
  9. ^ 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.
  10. ^ a b "8 Indian women who made it to Forbes' Asia Power Businesswomen 2016 list". Business Today. 2016-04-07. Retrieved 2024-07-10.
  11. ^ "Meet Dipali Goenka, CEO of Rs 19000 crore company, social media star; her house is costlier than Ratan Tata's". DNA India. Retrieved 2024-10-22.
  12. ^ Jayaraj, Prajwal (2024-10-22). "Welspun Operations To Be Entirely Green By 2030: Dipali Goenka". NDTV Profit. Retrieved 2024-10-22.
  13. ^ Tamta, Prashant. "Meet woman, who married at 18, later studied at Harvard, now runs Rs 18566 crore company as..." DNA India. Retrieved 2024-10-22.
  14. ^ Tripathi, Naandika. "Diversity Is Not Just About Women, It's About Embracing The Community: Dipali Goenka". Forbes India. 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. ^ "Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she's a homemaker-turned-CEO engaged in the good fight | Business Insider India". Business Insider. Retrieved 2024-10-22.
  17. ^ Raghunathan, Anuradha (2019-11-29). "Fabric-ation? Welspun Crisis Takes Toll On Goenkas". Forbes India. Retrieved 2024-07-11.
  18. ^ a b "Dipali Goenka: Unstoppable Tycoon". Business Today. 2021-12-10. Retrieved 2024-07-10.
  19. ^ "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.
  20. ^ "Spinning A Success Story - Dipali Goenka". www.marwar.com. Retrieved 2024-07-10.
  21. ^ 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.
  22. ^ 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.
  23. ^ "Dipali Goenka's plans for Welspun Group". www.fortuneindia.com. 2021-06-06. Retrieved 2024-07-10.
  24. ^ "NDTV Appoints Former SEBI Chairman UK Sinha And Business Leader Dipali Goenka As Independent Directors". NDTV.com. Retrieved 2024-07-10.
  25. ^ "NDTV appoints former SEBI chairman U.K. Sinha, Welspun India CEO Dipali Goenka as independent directors". The Hindu. 2023-03-27. ISSN 0971-751X. Retrieved 2024-07-10.
  26. ^ Zachariah, Reeba; V K, Vipashana. "'Working empowers you, makes you confident': Dipali Goenka, MD, Welspun Retail - ET Retail". ETRetail.com. Retrieved 2024-07-10.
  27. ^ "Lawsuits against Welspun, Wal-Mart roil cotton industry". livemint.
  28. ^ Galani, Una. "India's Welspun is in a tangle of its own making". Reuters.
  29. ^ "Welspun India shares crash after US retailer ends contract". The Indian Express. 2016-08-24. Retrieved 2024-07-11.
  30. ^ www.ETRetail.com. "ETRetailCafe: Dipali Goenka on weaving Welspun Living's success story | ET Retail". ETRetail.com. Retrieved 2024-10-22.
  31. ^ Watch Welspun Living Navigates Retail Slump - Bloomberg, 2024-09-04, retrieved 2024-10-22
  32. ^ Singh, Yoshita. "Nita Ambani most powerful businesswoman in Asia". Rediff. Retrieved 2024-07-10.
  33. ^ "Dipali Goenka". CNBC. 2024-02-28. Retrieved 2024-05-06.
  34. ^ "Welspun Living Limited's CEO & MD, Dipali Goenka, Honored with CNBC's Changemaker Award". infashionbusiness.com. Retrieved 2024-10-22.
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