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Dipali Goenka

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Indian businesswoman
Dipali Goenka
Dipali Goenka in 2017
Born (1969-10-13) October 13, 1969 (age 55)
NationalityIndian
Alma materHarvard University
OccupationBusinesswoman
TitleCEO & MD, Welspun Living
SpouseBalkrishan Goenka
Children2

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

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

Early life

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

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. In 2004, she set up a textile manufacturing facility in Gujarat.

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

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, and is a board member of the consumption platform at the World Economic Forum.

Personal life

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

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. 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. 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.

Media appearances

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

Recognition

  • One of the Most Powerful Women in Business by Business Today in 2021
  • Forbes named her one of the 50 most powerful woman in Asia in 2016
  • CNBC Changemakers in 2024

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. "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. ^ 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. ^ Jain, Samidha. "The Onus Of Empowering Women Lies Equally On Women Too: Dipali Goenka Of Welspun India". Forbes India. Retrieved 2024-05-06.
  10. ^ "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. ^ "'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. ^ "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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