Once you meet Dilipkumar
Lakhi of Lakhi Group, one
thoroughly agrees that
simplicity and greatness
go hand in hand. Meet this
utterly modest man, who is
an institution in himself when
you talk of diamond industry,
as Diamond World brings you
the journey of his life.
“Nothing is more
simple than greatness;
indeed, to
be simple is to be great.” ~Ralph
Waldo Emerson’s these words
stand true when you talk of Dilipkumar
Lakhi, Chairman of Lakhi
Group. A journey that began over
six decades ago has earned this
astute businessman many accolades.
Yet, when you meet him
for the first time, simplicity is all
you come across.
Early days
Coming from the gemstone
business family, Dilipkumar’s
tryst with gemstones started
early. Before the partition in
the year 1944, his father Shri
Vishindas Holaram from Sindh,
Shikarpur (part of United India)
set up and continued with his
gemstones business in Jaipur.
Fine craftsmanship from Jaipur
had already made its mark on the
international gems and jewellery
map. At the age of 13, young
Dilipkumar was taking tuition
and handling business in his free
time. The more he got himself
involved in his father’s business,
the more he was impressed by
his father’s business acumen,
struggle and strong spirit.
In 1972, at the age of 22,
Dilipkumar was sent to Mumbai
to set up a base and establish
himself in the city’s Zaveri
Bazaar. It was the time when
India was emerging as the major centre of diamond processing
and Dilipkumar exploited this
opportunity using his best
qualities. It was his sheer
determination, self confidence
that has helped him turn the
business into an empire. The
company is well known and
respected by the entire industry
for their exceptional business
ethics. Lakhi Group was the first
ever group to have set up Asia’s
largest factory and to produce
more than a million carat of
polished diamonds.
The Company
The Lakhi Group specializes in
manufacturing diamonds from
colourless to brown in all sizes
and has also begun creating
diamond jewellery. The Group is
not only the leading producer of
small diamonds in the world but
also one of the major exporters of
diamonds from India. The Group
has perhaps the world’s largest
diamond polishing factory in
Surat, India, with over 6,000
workers under their roof. Their
USP “Power of choice” - offers
unparalleled marketing options
to help meet the customers’ ever
changing needs. The company
has been a DTC Sightholder since
1993.
All key positions in the
company are handled by the
family, with Dilipkumar’s three
brothers – Motiram V. Lakhi,
Prakash V. Lakhi and Deepak V.
Lakhi – heading operations in
Hong Kong, New York and UAE.
Here, in Mumbai, Dilipkumar
along with his brother Girdharilal
is assisted by his son Chirag
Lakhi, and Girdharilal’s sons
Manish and Ritesh. The Lakhi
family probably is the only Sindhi
family among the big players
amongst the Gujarati dominated
diamond business in India. They
started out modestly in Jaipur as
traders in precious stones and
then moved into manufacturing.
Family Matters
Dilipkumar was married
in 1976 to Karuna. He has three children – his son Chirag
and daughters Abhilasha and
Prerna. His wife Karuna has
been his inspiration in all his
works for humanity. The family
stays together as one household
in Mumbai’s Malabar Hill
area. Talking about his family,
Dilipkumar says, “We are strict
vegetarians; we don’t drink, and
smoke.”
Dilipkumar himself usually
spends his evenings watching
television till he retires to bed.
He still travels regularly on work,
usually to London, but he keeps
his trips as short as possible. Of
all the places he’s travelled his
favourite remains Kobe, near
Osaka in Japan, a town he liked
so much that he even thought of
going to live there.
Philanthropist
As a head of the leading
diamond manufacturers
in the world, Dilipkumar
Lakhi believes strongly in
his commitment towards the
society. The company has
made significant contributions
towards construction of schools, promotion of education within
the Indian Gems & Jewellery
Industry, providing scholarships
to deserving individuals and for
setting up a school to provide
primary education to children
from the villages. It also provides
medical relief to the poor and
the needy and has contributed
towards medical equipment
to Cancer and other hospitals.
The group has also made
valuable contributions towards
the construction of houses for
Tsunami victims and providing
rehabilitation to the victims of
Gujarat earthquake and flood.
Lakhi champions the RSS-led
Ekal Vidyalaya (one teacher
schools) programme which
provides education in mofussil
areas. The group had also made
magnificent contribution towards
GIA’S Endowment for Education
in India.
The Lakhi Group has contributed for the building of
one of the big School buildings,
St. Mira Brotherhood, Jaipur.
The School building was
inaugurated in the presence of
Mrs. Pratibha Patil, President of
India. The building was built in
year 2007. The group has also
contributed to Bhagwan Mahavir
Cancer Hospital & Research
centre, Jaipur and IIGJ Mumbai.
Media Attention
In 2003, Dilipkumar Lakhi hit
the media headlines as highest
individual tax payer and the media went berserk in its effort
to know about the man. But the
man under the spotlight was
totally oblivious to the entire
media frenzy. “I don’t know what
the fuss is about.” he had told
then to a leading media daily.
“I don’t believe I have done
anything great.”
Dilipkumar again became the
talk of the town when he bought
Cadbury House, a popular South
Mumbai landmark. Acquired
by Cadbury in 1981 and
refurbished in 2001, the white,
art deco building comprises two
structures: a two-storied office
and an eight-storied residential
block that is home to several
senior employees.