Vinod Goenka
Encyclopedia
Vinod Goenka, MD DB Realty is an India
n billionaire
real-estate developer and co-founder of DB Realty
. He is one of the accused in the 2G Spectrum scam
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His net worth is estimated at US$1.18 billion by Forbes
magazine. Vinod Goenka has been in the real estate business for the last 25 years and is a mentor to the Dynamix Balwa Group. He started off by joining his father’s construction firm in Mumbai and helped expand it to form the Dynamix Group. Later, he partnered with the Balwa family to form DB Realty, he is MD of DB Realty. Under his leadership, DB Realty was listed on both the National Stock Exchange and Bombay Stock Exchange in 2010. He defines the road map for all the various projects of the company and leads the team in formulating corporate strategy, performance goal setting, operations management, and ensures effective and participative functioning of the key executives.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n billionaire
Billionaire
A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the...
real-estate developer and co-founder of DB Realty
DB Realty
DB Realty is one of India's largest real estate developer based in Mumbai, and is the flagship company of DB Group DB Realty Limited builds residential, commercial and gated community developments...
. He is one of the accused in the 2G Spectrum scam
2G spectrum scam
The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would use to create 2G subscriptions for cell phones...
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His net worth is estimated at US$1.18 billion by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
magazine. Vinod Goenka has been in the real estate business for the last 25 years and is a mentor to the Dynamix Balwa Group. He started off by joining his father’s construction firm in Mumbai and helped expand it to form the Dynamix Group. Later, he partnered with the Balwa family to form DB Realty, he is MD of DB Realty. Under his leadership, DB Realty was listed on both the National Stock Exchange and Bombay Stock Exchange in 2010. He defines the road map for all the various projects of the company and leads the team in formulating corporate strategy, performance goal setting, operations management, and ensures effective and participative functioning of the key executives.