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Surat-Based Billionaire Diamond Merchant Gifts Employees 400 Flats, 1,260 Cars As Diwali Bonus


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The Surat-based billionaire diamond merchant, Savji Dholakia, whose story became sensational after he made his son do blue-collar jobs to learn the value of money, is again in the news for doing something stunning. This time he has gifted 400 flats and 1,260 cars as Diwali bonus to his employees.

 

His diamond firm, Hare Krishna Exports, has spent Rs 51 crore on Diwali bonuses this year under which 1,716 employees have been named as the company’s best performers.

The offering of Diwali bonus has become a ritual for him since 2011 which he announced the rewards in an informal meeting.

Last year, Mr. Dholakia had gifted 491 cars and 200 flats to his employees. The year before that, he spent Rs 50 crore on performance incentives.

Mr. Dholakia hails from Dudhala village, in Amreli district of Gujarat. He grew and expanded his business after taking a loan from his uncle. After immense hard work and dedication, he has built his wealth. It was never an overnight affair.

A few months ago, Mr. Dholakia had sent his son Dravya to Kochi with three sets of clothing and Rs 7,000 emergency money, so that the young man could learn what’s it’s like. He wanted Dravya to understand life and how a commoner struggle to get a job and money. He believes that no university can teach these life skills except experience.

In most cases, we see there’s a big gap in income between the employer and the employees of a company. The initiative taken by Mr. Dholakia sets a brilliant example for other companies.

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