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Tycoon gifts 600 cars, cash and apartments to loyal employees

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The showroom value of the 600 cars would be more than Sh 200 million

play Tycoon gifts 600 cars, cash and apartments to loyal employees (Reuters)

A diamond merchant in India handed over hundreds of cars as gifts to his employees.

Six hundred employees of Hari Krishna Exporters, a diamond trading company run by Savji Dholakia, received cars made by Indian manufacturer Maruti Suzuki, while around a thousand more staff were offered gifts of cash deposits and apartments in a huge outdoor ceremony in Surat, Gujarat.

Indians often give each other gifts in the run-up to Diwali, a major Hindu festival celebrating the triumph of good over evil that this year falls on Nov. 7.

Video link

Modi addressed the prize-giving in his home state of Gujarat via video link, as well as presenting some of the employees with car keys in the capital New Delhi as reported by Reuters.

Dholakia is famous across India for giving lavish gifts to his employees at Diwali, including hundreds of apartments in 2016’s ceremony.

The showroom value of the 600 cars would be more than $2 million.

Loyal service

Gift-giving in the latter part of the year when several Hindu festivals are celebrated provides a major boost to India’s economy.

The gifts were part of a program targeting staff who have given loyal service to the diamond trader.

“The aim of this program was to reward employees’ loyalty and dedication towards the company,” Dholakia said in a Facebook post.

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