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Hari Krishna Exports Pvt. Ltd.

Company type	Private
Industry	Diamond Manufactures and Exporters
Founded	1992 (1992)
Founders	Mr. Savji Dholakia
Headquarters	Mumbai, India
Number of locations	Mumbai Hong Kong New York Antwerp Shanghai Surat Dubai
Area served	Worldwide
Key people	Chairman: Mr. Savji Dholakia Executive Management: Mr. Himmat Dholakia Mr. Tulsi Dholakia Mr. Ghanshyam Dholakia Mr. Bharat Patel Mr. Naresh Lunagaria Mr. Hasmukh Dholakiya
Products	Diamonds and Jewellery
Revenue	US$ 975 million (₹ 6,000 crores)
Owner	Mr. Savji Dholakia and Family
Number of employees	6,000 (As of 2014)
Divisions	Raw Diamond Procurement Diamond Polishing Diamond Marketing & Sales
Website	www.diamondbyhk.com

Hari Krishna Exports Pvt. Ltd. a Diamond Manufacturing Company established in 1992, by Founder Mr. Savji Dholakia and the partners Mr. Himmat Dholakia, Mr. Tulsi Dholakia and Mr. Ghanshyam Dholakia, earned global reputation as the most trusted diamond supplier. Distinguished for the highest ethical standards, commitment to excellence, consistent product quality and transparent business practices; it pioneered the concept of fixed & fair pricing.

Hari Krishna Exports ensured direct rough supply from the Diamond trading company (DTC) , Rio Tinto , DDC (earlier BHP) and Alrosa . It is also the official suppliers of CanadaMark and ForeverMark. It is the only diamond manufacturer and sightholder to achieve the Responsible Jewellery Council (RJC) Certification in India with more than 6,000 employees; the only recipient of GJEPC’S award for 12 consecutive years from 2003–2014.

History

Mr. Savji Dholakia in late 70s trooped into Surat to make his fortune in the diamond cutting and Polishing business. The dream of Savji Dholakia to form a diamond cutting and polishing unit materialized when Hari Krishna Exports came into existence in 1992 with the support of his three brothers; the partners of the company. They began their career as a diamond cutter but their determination and devotion coupled with an ambition to achieve something in their life helped in realization of the Savji Dholakia’s dream. All four were quick to learn the tricks of the trade and Hari Krishna Exports started growing by leaps and bounds year after year and today it is one of the foremost diamond companies in the industry. Although the Dholakia brothers were in the business of Diamond cutting and polishing, but their rough diamond purchasing and selling was limited to their hometown Surat. Mr. Ghanshyam Dholakia (youngest of the four siblings) moved to Mumbai in 1990 and learned diamond trading. He worked in Bombay, as a employee, for 2 years before starting Hari Krishna Exports Pvt. Ltd.– Mumbai while Mr. Savji Dholakia Founded Hari Krishna Exports Pvt. Ltd. in the year 1992 with a few machines and employees.

Hari Krishna Exports Pvt. Ltd. grew, strength to strength, over the next decade. In 1994 the diamond exports increased multifold after a Israel client's referral to the international clients. In 2001, the ambitious export company made yet another leap as it started to trade and manufacture diamonds of sizes ranging from 0.18 Carat to 0.96 Carat. In the fiscal year 2002-03 Hari Krishna Exports Pvt. Ltd. recorded a 200% growth.

Initially the export company started to trade and manufacture round diamonds with a value of less than 0.18 carats. The company recorded a turnover of Rs. 1 crore (10 Million) in its first fiscal year of operations to a US$ 975 million (INR 6,000 crores) in 2013-14 with customer friendly system & services in place. In a span of twenty two years, the company has traveled from being a small entrepreneurial outfit to the position of a Group with interests in domestic and international business arenas. The vertical integration process transformed the company from a mere diamond polisher to one that processes, manufactures and markets polished diamonds and jewellery in the domestic and international markets with affiliates in New York, Hong Kong and Antwerp and Dubai participating in achieving the task.

Current Status

Spread over 25 acre plot, this ultra-modern manufacturing set-up at Surat, Gujarat, India houses a work force of more than 6,000 employees providing a world class working environment and having a manufacturing capacity of more than 5,00,000 carats per annum; is a perfect blend of human and technology. In tandem with keeping the very best, the state-of-the-art, 25,000 Sq. ft. Head Office on 17th level at The Capital, BKC, Mumbai - has truly set a benchmark of substance & elegance in the global Diamond Industry.

With expertise & precision in consistent assortment; Hari Krishna Exports manufactures high quality Round and Fancy diamonds in more than 10 different shapes, ranging from 0.01 to 10 carats plus in IF to I3 clarity and, D to M Color. Every diamond sold is supported with in-house “Faith” grading certificate along with third party certifications from GIA, IGI & HRD upon request.

With customer friendly system & services in place and 80% repeat business, witnessed a turnover of more than US$ 975 million (INR 6,000 crores) in 2013-14. A clear indication of customer’s faith in the company and the company’s commitment towards innovation & excellence. The company markets its products worldwide through its alliances in the US, Asia, Europe, UAE, Belgium and through its always live Online Inventory.

Apart from following DTC’s Best Practice Principles (BPP), the company is also engaged in various Corporate Social Responsibilities (CSR)

The company is also actively involved in developing its domestic brand of diamond jewellery named "KISNA" which was launched in July 2005 and is currently the largest distributed diamond jewellery brand in the domestic Indian market with availability in more than 6,500 retail outlets.

Corporate Social Responsibilities (CSR) Activities

• More than 7lac saplings have been planted by the company employees in Gujarat.
• Kisna Bhagwat Gyan Mahotsav - A spiritual event organized with daily foot falls of over 22,000 devotes.
• Blood donation camp was organized in Surat where in 1050 bottles of blood were collected. Similarly, Mumbai Head Office celebrated its first anniversary with a social drive, Blood Donation camp was organized where in 670 bottles of blood were collected.
• Hari Krishna Exports felicitated 1205 Employees with "Best Performance of the Year - 2014". Under this ‘Loyalty Programme’, 204 House, 425 Fiat Punto Cars and 576 SIva (Special Edition) Jewellery by KISNA were given as incentives.

Awards and recognition

• The GJEPC's Annual Exports Award for the Year 2002-03 from the ministry of Trade & Commerce
• The GJEPC's Annual Exports Award for the year 2003-04 from Hon. Vice President of India Shri Bhairon Sing Shekhawat
• The GJEPC's Annual Exports Award for the year 2004-05 from the Hon. Chief Guest
• The GJEPC's Annual Exports Award for the year 2005-06 from Hon. Minister of Commerce & Industry, Shri Kamal Nath
• The GJEPC’s Annual Exports Award for the year 2006-07 from Hon. Minister of Commerce & Industry, Shri Kamal Nath
• The GJEPC’s Annual Exports Award for the year 2007-08 from Hon. Chief Minister of Tamilnadu, Shri Karunanidhi
• The GJEPC’s Annual Exports Award for the year 2008-09 from Hon. Union Minister of Commerce & Industry, Shri Anand Sharma
• The GJEPC’s Annual Exports Award for the year 2009-10 from Ms. Varda Shine. MD. (DTC), Mr. Praful Patel, Minister of State of Civil Aviation. & Mr. K. V. Thomas, Union Minister of State Agriculture.
• The GJEPC’s Annual Export Award for the year 2010-11 form Shri Narendra Modi, Chief Minister of Gujarat
• The GJEPC’s Annual Export Award for the year 2011-12 from Hon. Minister of State for Commerce & Industry Jyotiraditya Scindia.
• The GJEPC's “Most Innovative Company of the Year” Award for the year 2012-13 from Shri Siddharth, Joint Ministry of Commerce & Industry.
• The Stevie International Business Award for the "Management of the year 2012-13"
• The Stevie International Business Award - 2014 “Company of the Year – Manufacturing” and “Fastest-Growing Company of the Year (Asia, Australia and New Zealand)"
• JNA Award “Outstanding Enterprise of the Year" in the year 2014

References

1. ^ "Rio Tinto's Select Diamantaire: Hari Krishna Exports Pvt. Ltd". Rio Tinto.
2. "Why I gifted Cars, Flats: India's Most Generous Boss talks to NDTV News". NDTV News. Retrieved 22 October 2014.
3. "Amazing Story of a businessman who gifted cars, flats to Staff". Rediff. Retrieved 24 October 2014.
4. "Hari Krishna Exports Pvt Ltd". riotintodiamonds.com.
5. "Hari Krishna Exports". rough-polished. Retrieved 29 July 2013.
6. "DTC Sightholder - Hari Krishna Exports Pvt. Ltd". De Beers Group of Companies.
7. "Hari Krishna Exports - Our Association".
8. "Alrosa Alliance - Our Customers". Alrosa.
9. "The Trailblazer - Hari Krishna Exports". diamondworld.net. Retrieved 22 July 2014.
10. "Surat diamond industry decides to offer performance bonus to check attrition". indiatimes.com. Retrieved 22 July 2014.
11. "Hari Krishna Exports to have 12 Galaxy/Solaris systems in-house". jewellerynewsasia.com. Retrieved 22 July 2014.
12. "Hari Krishna Exports Pvt. Ltd.: GJEPC'S award winner for 12 consecutive years from 2003–2014". diamonds.net. Retrieved 24 Feb 2014.
13. "Ghanshyam Dholakia, Founder and MD, Harikrishna Exports". yourstory.com. Retrieved 22 July 2014.
14. "Hari Krishna Exports Pvt. Ltd. recorded a 200% growth". yourstory.com. Retrieved 22 July 2014.
15. "Hari Krishna Exports Marks Anniversary With New Social Responsibility Program". diamonds.net. Retrieved 22 July 2014.
16. "Trust to plant 10L trees across Gujarat by Diwali 2012". indiatimes.com. Retrieved 14 November 2014.
17. "Hari Krishna Exports Concludes Kisna Bhagwat Gyan Mahotsav". rapnet.com. Retrieved 10 Jan 2014.
18. "Blood Donation Drive by Hari Krishna Exports Pvt. Ltd". minestomarket.net. Retrieved 12 Feb 2014.
19. "Am A School Dropout, Says Diamond Merchant Everyone's Talking about". ndtv.com. Retrieved 16 December 2014.
20. "Surat diamond exporter showers flats, cars on staff". business-standard.com. Retrieved 16 December 2014.
21. "Try Matching This: Car, Flat, Diamond as Diwali Bonus". newindianexpress.com. Retrieved 16 December 2014.
22. "Amazing story of a businessman who gifted cars, flats to staff". rediff.com. Retrieved 16 December 2014.
23. "Hari Krishna Exports Receives GJEPC Award 2011-12". rapnet.com. Retrieved 11 Oct 2012.
24. "Hari Krishna Exports Receives GJEPC Award 2012-13". floroscent.com. Retrieved 11 Oct 2013.
25. "Hari Krishna Exports Receives Coveted Intl. Business Award by The Stevies". diamonds.net. Retrieved 26 Aug 2013.
26. "Hari Krishna Exports honoured with two accolades The Stevies 2014". diamondworld.net. Retrieved 26 Aug 2014.
27. "Hari Krishna Exports Pvt. Ltd. won the most coveted JNA Award in the category for "Outstanding Enterprise of the Year"". diamonds.net. Retrieved 23 Sep 2014.