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 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] In 2023, she was appointed an independent director of NDTV alongside former SEBI chairman UK Sinha.[10] She was also invited to be part of NDTV World Summit in 2024.[11]

Early life

Goenka was born in Jaipur and studied at Maharani Gayatri Devi Girls' School.[12] Due to family circumstances, she married at the age of 18[13] and moved to Mumbai in the late 1980s. She later completed her degree with a specialization in psychology.[14]

Career

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.[15] [16] In 2004, she set up a textile manufacturing facility in Gujarat.[17]

In 2005, Goenka attended the owner and president management program at Harvard Business School.[18] In 2006, she acquired Christy, a UK-based towel manufacturer, for ₹100 crores.[19] In 2020, she was appointed CEO of Welspun's global business[20] [21] and in 2014, she became the Joint Managing Director.[22]

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, chaired the ASSOCHAM Women's Council,[23] and is a board member of the consumption platform at the World Economic Forum.[24]

Personal life

She married BK Goenka, co-founder and chairman of Welspun World, in 1987. The couple has two daughters, Radhika and Vanshika.[25]

Lawsuit

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.[26] 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.[27] 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.[28]

Media appearances

She has appeared on business news channels including The Economic Times and Bloomberg.[29]

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: Venkatesh . Shruti . How Dipali Goenka transformed Welspun into a global textile giant . Outlook Business.
  7. Web site: Devi . Gayatri . 27 January 2024 . Spinning a Success Story . Free Press Journal.
  8. Web site: Scott . Mary E. . Asia's 50 Power Businesswomen 2016. this list -- which is presented alphabetically and is not intended to be a ranking . 2024-07-10 . Forbes . en.
  9. 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.
  10. Web site: Meet Dipali Goenka, CEO of Rs 19000 crore company, social media star; her house is costlier than Ratan Tata's . 2024-10-22 . DNA India . en.
  11. Web site: Jayaraj . Prajwal . 2024-10-22 . Welspun Operations To Be Entirely Green By 2030: Dipali Goenka . 2024-10-22 . NDTV Profit . en.
  12. Web site: Tamta . Prashant . Meet woman, who married at 18, later studied at Harvard, now runs Rs 18566 crore company as... . 2024-10-22 . DNA India . en.
  13. Web site: Tripathi . Naandika . Diversity Is Not Just About Women, It's About Embracing The Community: Dipali Goenka . 2024-05-06 . Forbes India . en.
  14. News: 'If you want the nation to progress, then you need to empower women': Dipali Goenka, CEO and joint MD, Welspun India . Money Control.
  15. Web site: Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she's a homemaker-turned-CEO engaged in the good fight Business Insider India . 2024-10-22 . Business Insider . en.
  16. Web site: Raghunathan . Anuradha . 2019-11-29 . Fabric-ation? Welspun Crisis Takes Toll On Goenkas . 2024-07-11 . Forbes India . en.
  17. Web site: 2021-12-10 . Dipali Goenka: Unstoppable Tycoon . 2024-07-10 . Business Today . en.
  18. 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.
  19. Web site: Spinning A Success Story - Dipali Goenka . 2024-07-10 . www.marwar.com.
  20. 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.
  21. 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.
  22. Web site: 2021-06-06 . Dipali Goenka's plans for Welspun Group . 2024-07-10 . www.fortuneindia.com . en.
  23. Web site: NDTV Appoints Former SEBI Chairman UK Sinha And Business Leader Dipali Goenka As Independent Directors . 2024-07-10 . NDTV.com.
  24. News: 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.
  25. 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.
  26. News: Lawsuits against Welspun, Wal-Mart roil cotton industry . livemint.
  27. Web site: Galani . Una . India's Welspun is in a tangle of its own making . Reuters.
  28. Web site: 2016-08-24 . Welspun India shares crash after US retailer ends contract . 2024-07-11 . The Indian Express . en.
  29. Web site: www.ETRetail.com . ETRetailCafe: Dipali Goenka on weaving Welspun Living's success story ET Retail . 2024-10-22 . ETRetail.com . en.
  30. Web site: 2016-04-07 . 8 Indian women who made it to Forbes' Asia Power Businesswomen 2016 list . 2024-07-10 . Business Today . en.
  31. Web site: Singh . Yoshita . Nita Ambani most powerful businesswoman in Asia . 2024-07-10 . Rediff . en.
  32. Web site: 2024-02-28 . Dipali Goenka . 2024-05-06 . CNBC . en.
  33. Web site: Welspun Living Limited's CEO & MD, Dipali Goenka, Honored with CNBC's Changemaker Award . 2024-10-22 . infashionbusiness.com . en.

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