Hari Krishna Exports
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| Company type | Private |
|---|---|
| Industry | Diamond Manufactures and Exporters |
| Founded | 1992 [1] |
| Founders | Savji Dholakia [1] |
| Headquarters | Bandra Kurla Complex,Mumbai, India |
Number of locations | Mumbai Surat |
Area served | Worldwide |
Key people | Savji Dholakia (Chairman) |
| Products | Diamonds and Jewellery |
| Revenue |  US$ 975 million (₹ 6,000 crores) [2] |
| Owner | Savji Dholakia and family |
Number of employees | 6,000 [3] (As of 2014) |
| Divisions | Raw Diamond Procurement Diamond Polishing Diamond Marketing & Sales |
| Website | www.hk.co |
Hari Krishna Exports Pvt. Ltd., also known as HK, is an Indian diamond conglomerate, headquartered in a 25,000 sq. feet office in The Capital, Bandra Kurla Complex, Mumbai.[4] HK was established in 1992 by Savji Dholakia and his three brothers.[1]
HK is exporting polished diamonds to 79 countries [2] Currently, HK manufactures over 40,000 carats of diamonds every month (500,000 carats every year).[5]
History
In 1992, HK started as a small-time diamond cutting and polishing unit in Surat with a few machines and employees. It later expanded to Mumbai to meet a growing demand for raw diamonds.
In 2005, HK launched its own jewellery brand - KISNA. Today, it is the largest distributed diamond jewellery brand in India, available in over 6,250 jewellery outlets.[citation needed] KISNA offers over 563 designs of rings, earrings, pendants, necklaces, bangles, bracelets and nose pins.[citation needed] It uses VVS diamonds and 18k hallmarked gold.[5] From 2007 until 2008 HK grew by 49% and recorded a turnover of ₹ 1,025 crores (US$ 260 million at the time).[citation needed]
The vertical integration process transformed HK from a small diamond manufacturer to a complete mine-to-market supply chain with supply from miners like Diamond trading company (DTC),[6] Rio Tinto,[1] DDC (earlier BHP),[7] Alrosa.[8]
In May 2015, the company came under sharp criticism and is facing criminal charges for rejecting a job aspirant's application for being a Muslim.[9]
References
- ^ a b c d "Rio Tinto's Select Diamantaire: Hari Krishna Exports Pvt. Ltd". Rio Tinto.
- ^ a b "Why I gifted Cars, Flats: India's Most Generous Boss talks to NDTV News". NDTV News. Retrieved 22 October 2014.
- ^ "Amazing Story of a businessman who gifted cars, flats to Staff". Rediff. Retrieved 24 October 2014.
- ^ "The Overall Domestic Diamond Market seems to be going North". Rough & Polished. Retrieved 29 July 2013.
- ^ a b "Company Profile - Hari Krishna Exports Pvt. Ltd".
- ^ "DTC Sightholder - Hari Krishna Exports Pvt. Ltd". De Beers Group of Companies.
- ^ "Hari Krishna Exports - Our Association".
- ^ "Alrosa Alliance - Our Customers". Alrosa.
- ^ Singh, Neha (21 May 2015). "Mumbai: Diamond Export Company Denies Job to Muslim MBA Graduate, Says 'We Hire Only Non-Muslims'". International Business Times. Retrieved 27 August 2015.