Allen Career Institute
Inspirational : Sharing Experiences
by Savjibhai Dholakia ( Founder & Chairman of Hari Krishna Exports Pvt. Ltd )
Website : https://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. HK was established in 1992 by Savji Dholakia and his three brothers.[1]
HK is exporting polished diamonds to 79 countries Currently, HK manufactures over 40,000 carats of diamonds every month (500,000 carats every year).
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. KISNA offers over 563 designs of rings, earrings, pendants, necklaces, bangles, bracelets and nose pins.It uses VVS diamonds and 18k hallmarked gold. From 2007 until 2008 HK grew by 49% and recorded a turnover of ₹ 1,025 crores (US$ 260 million at the time).
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.
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), Rio Tinto, DDC (earlier BHP), Alrosa.
