Balkrishan Goenka Net Worth

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Balkrishan Goenka, born in Mumbai, India in 1966, is a textile billionaire whose fortune took a hit in August 2016 when customers such as American retailers Target, J.C Penney, Wal-Mart and Bed, Bath & Beyond ended their relationship with his Welspun India due to the company using inferior cotton for making Egyptian cotton bedsheets. Despite the stock recovering somewhat, Welspun still has lawsuits pending against it in U.S. courts. Goenka also owns stakes in pipe manufacturer Welspun Corp and a privately-held steel outfit. He started Welspun in 1985 with a loan from his father and a bank loan, and the company expanded into home linen and focused on the export market, receiving a major break when Wal-Mart gave them a $1 million order for towels in 1998.
Balkrishan Goenka is a member of Manufacturing

Age, Biography and Wiki

Birth Day	August 15, 1966
Birth Place	Mumbai, India, India
Age	57 YEARS OLD
Birth Sign	Virgo
Residence	Mumbai
Occupation	Chairman, Welspun Group
Spouse(s)	Dipali Goenka
Children	2
Website	Official Website

💰 Net worth: $1.2 Billion (2024)

Balkrishan Goenka, a prominent figure in the manufacturing industry in India, is expected to have a net worth of $1.2 billion by 2024. With his exceptional business acumen, Goenka has successfully established himself as a key player in the manufacturing sector of the country. As the chairman of a highly reputed company, his leadership and strategic decisions have contributed immensely to the company's growth and profitability. Through his trailblazing efforts, Goenka has not only achieved remarkable success but has also garnered immense respect and recognition in the industry.

2016 $1.4 Billion

2017 $1.3 Billion

2018 $1.31 Billion

Biography/Timeline

1980

B. K. Goenka (known more as BK or BKG) was born to Gayatri Devi Goenka and Gopiram Goenka in Hissar, Haryana. The middle of three children, he spent his early years in Delhi before moving to Mumbai in the early 1980s. He set up Welspun along with his cousin, Rajesh R. Mandawewala, who is now the managing Director of the Welspun Group.

Tags Living people Businesspeople from Rajasthan 1966 births Indian businesspeople in textiles

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.