Surat diamond merchant gifts flats, cars, jewellery to over 1,200 staffers
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Surat
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The liquidity crisis may
have dampened the spirits of the diamond industry, but it’s going to be a
glittering Diwali for over 1,200 staffers of Harikrishna Exports, a Rs
6,000-crore diamond firm. Company chairman Savji Dholakia has elated
his artisans and engineers by asking them to choose from car, flat and
jewellery as their performance incentive. The incentive was for those
staffers who had qualified for the “loyalty programme”. Around 500 opted
for a Fiat Punto, 570 for jewellery and 207 chose a flat.
“All my dreams have come true through my workers,” said Dholakia. “A target was set for the artisans and engineers, and they achieved it. We're the first company to offer performance incentive valued at around Rs 3.60 lakh each.“
Dholakia said his company paid a total of Rs 50 crore worth of incentive to its staff this year. The company had started the loyalty programme in 2011. In the first year, three artisans were gifted cars. Last year, around 72 got cars for meeting targets.
Jignesh Makwana, 39, a diamond artisan, said, “I received a car last year. So, this year when I qualified in the incentive scheme, I opted for a flat. I will pay Rs 3.60 lakh as down payment in the housing scheme of the company to own a 3BHK flat.“
Warburg invests Rs 1,200cr in Kalyan Jewellers
US private equity giant Warburg Pincus is investing Rs 1,200 crore ($196 million) in Kalyan Jewellers-the biggest investment in the country's jewellery manufacturingdistribution sector. The investment will give Warburg a 10% stake and a board seat in the Keralabased company owned by T S Kalyanaraman.
“All my dreams have come true through my workers,” said Dholakia. “A target was set for the artisans and engineers, and they achieved it. We're the first company to offer performance incentive valued at around Rs 3.60 lakh each.“
Dholakia said his company paid a total of Rs 50 crore worth of incentive to its staff this year. The company had started the loyalty programme in 2011. In the first year, three artisans were gifted cars. Last year, around 72 got cars for meeting targets.
Jignesh Makwana, 39, a diamond artisan, said, “I received a car last year. So, this year when I qualified in the incentive scheme, I opted for a flat. I will pay Rs 3.60 lakh as down payment in the housing scheme of the company to own a 3BHK flat.“
Warburg invests Rs 1,200cr in Kalyan Jewellers
US private equity giant Warburg Pincus is investing Rs 1,200 crore ($196 million) in Kalyan Jewellers-the biggest investment in the country's jewellery manufacturingdistribution sector. The investment will give Warburg a 10% stake and a board seat in the Keralabased company owned by T S Kalyanaraman.
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