Hari Krishna Exports
 | |
| 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. KISNA offers over 563 designs of rings, earrings, pendants, necklaces, bangles, bracelets and nose pins. 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).
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
- 1 2 3 4 "Rio Tinto's Select Diamantaire: Hari Krishna Exports Pvt. Ltd.". Rio Tinto.
- 1 2 "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.
- 1 2 "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 (May 21, 2015). "Mumbai: Diamond Export Company Denies Job to Muslim MBA Graduate, Says 'We Hire Only Non-Muslims'". International Business Times. Retrieved 27 August 2015.