Diamond tycoon lavishes staff with cars, flats & jewellery for Diwali bonus

Diamond tycoon lavishes staff with cars, flats & jewellery for Diwali bonus

Many employees in India receive small presents from their bosses such as boxes of sweets ahead of Diwali, the festival of light. But it’s not every day they're given jewellery, cars or even flats as gifts.

But that’s exactly what some staff at Indian diamond export firm, Hare Krishna Exports have received, according to the Guardian.

Known for his generous bonuses, the company's boss, Savjibhai Dholakia, has reportedly gifted 1,260 cars and 400 flats, as well as jewellery, to a number of employees for hitting company targets before Diwali celebrations this weekend.

The cost of the reward programme is estimated to have cost the company 500million Indian Rupees (£6million).

Dholakia says the bonuses were given to recognise employees’ outstanding performance and dedication to the company.“Our aim is that each employee must have his own home and car in the next five years," he said. "So we have decided to gift cars, homes and jewellery to employees.”

This isn't the first time Dholakia has gifted expensive presents to his workforce. According to reports he gave 491 cars and 207 flats to his employees for exceeding targets in 2014 as well.

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