B alkrishan Goenka is an Indian billionaire and the chairman of Welspun Group, a diversified conglomerate with its flagship business in home textiles. He is often referred to as India's "Towel Tycoon." Goenka started his career in the textile business in the 1980s and founded Welspun with a clear focus on the export market. He has built the company into one of the largest home textile manufacturers in the world.

Welspun is a key supplier of towels, bed linens, and other home furnishings to major global retailers like Walmart, Target, and Macy's. Under Goenka's leadership, the group has diversified into other sectors, including line pipes (for oil and gas), infrastructure, and steel. He is known for his aggressive expansion strategy and his focus on building world-class manufacturing facilities. Despite a major controversy in 2016 regarding the sourcing of its cotton, the company has recovered and remains a dominant force in the global textile industry.