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Reimagining Home Comfort

As CEO and Joint Managing Director, Dipali Goenka has been the driving force behind the success of Welspun India (WIL), closing FY2022 with a record $1 billion in revenue

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As CEO and Joint Managing Director, Dipali Goenka has been the driving force behind the success of Welspun India (WIL), a leading player in the home textiles business supplying to marquee global retail and hospitality brands. Its state-of-the art manufacturing facilities produce globally benchmarked products, driven by differentiation strategy, based on branding, innovation and sustainability. 

Under her charge, not only did Welspun emerge stronger from the disruption caused by the pandemic to close FY2022 with a record $1 billion in revenue, it has also been a true mascot of India’s prowess in textiles for quite some time. FY22 was a landmark year for Welspun. "We touched the $1 billion mark in our annual revenue, the highest ever for our company," Goenka said in her letter to the shareholders.

Goenka started with a design studio. In 2003, she launched 'Spaces', a premium ‘bed & bath' brand. She firmly believes that the textile and apparel sector is one of the biggest drivers of growth in India's overall economic development. After all, this sector accounts for around five per cent of the gross domestic product of India. In terms of export earnings, the textile and apparel industry contributes around 12 per cent. 

"The textile sector will continue to play an integral role in the country’s economic revival. In cotton home textiles, India is a leading player in the world with more than 46 per cent of towels and 59 per cent of sheets being exported to the US from India. Welspun is the largest towel and bed sheet player globally with one in four towels and one in seven sheets sold in the US made by us," she had told this magazine earlier in the year. 

Welspun supplies to 17 of the world’s top 30 retailers and has a distribution network spanning over 50 countries.

Today, the company exports about 94 per cent of its home textile products, and over 65 per cent of its production to the US, 25 per cent to Europe and the rest to the Middle East, Australia and Japan. She says, “Over the past decade, Indian entrepreneurship has received a major fillip due to policy reforms, taxation policies, technological talent pool, etc. Welspun India is humbled to be a key player in the domestic textiles and apparel industry.”  

Goenka continues to inspire budding and established entrepreneurs through her work and commitment.

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Magazine 23 Aug 2022