Indian Diamond Magnate Gifts Employees With 1200 Cars, 400 Homes

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Indian diamond merchant gifted payments for cars and apartments as a festival bonus for employees.

New Delhi (Sputnik) — Indian businessman Savji Dholakia, most famous for showering lavish gifts to his employees during festivals, has this year on Diwali doled out more than 1,000 cars and 400 apartments as festival bonuses to his best performing employees.

Dholakia is not only a generous boss but also a smart human resource manager. He told Sputnik that, “I award incentives to  employees for attaining targets every month. Each employee’s incentives are accumulated throughout the year and they are used to make part payment for apartments of 1,100 square feet.

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Since the apartments are part of the company’s housing scheme, they come at affordable price range of about USD 25,000. The company pays equated monthly installments of nearly USD 100 for five years; then after, the employees are made to pay the remaining installments."

In this way, Dholakia sees to it that the monthly incentives earned by employees are put to good use while also ensuring that they perform better in the coming months so that they earn more to be able pay the outstanding installments for the apartment.

© WikipediaMr. Savji Dholakia - Chairman and Founder of Hari Krishna Exports Pvt. Ltd
Mr. Savji Dholakia - Chairman and Founder of Hari Krishna Exports Pvt. Ltd - Sputnik International
Mr. Savji Dholakia - Chairman and Founder of Hari Krishna Exports Pvt. Ltd

Dholakia who belongs to Amreli in India’s western state of Gujarat said he started his business with a small loan from his uncle. He was in the news recently for sending his son off to fend for himself with only three pairs of clothes.  

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