Hari Krishna Exports
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| Company type | 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 | |
| Products | Diamonds and Jewellery |
| Revenue |  US$ 2.1 billion (Rs. 16,000 crores)[5] |
| Owner | Savji Dholakia and family |
Number of employees | 8,000 (as of 2023)[6] |
| 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 The Capital, Bandra Kurla Complex, Mumbai, India.[7] It was established in 1992 by Savji Dholakia and his three brothers.[1] The company has manufacturing units at Surat in Gujarat and its marketing and sales office in Mumbai. HK exports polished diamonds to 79 countries.[5] Currently, the company manufactures over 40,000 carats of diamonds every month (equivalent to 500,000 carats annually).[8]
According to a Times of India report in January 2017, Hari Krishna Exports was reportedly involved in a case concerning alleged evasion charges of approximately ₹16.66 crore by the Employees' Provident Fund Organisation.[9]
In 1992, HK began its operations as a diamond cutting and polishing unit in Surat, starting with a modest setup comprising a few machines and employees. It later expanded its operations to Mumbai to meet the increasing demand for raw diamonds.
In 2005, HK introduced its jewelry brand - KISNA. It now stands as one of the most widely distributed diamond jewelry brands in India, with its products available in over 6,250 jewelry outlets. KISNA offers a diverse range of designs encompassing rings, earrings, pendants, necklaces, bangles, bracelets, and nose pins.[10] It utilizes VVS diamonds and 18k hallmarked gold in its creations.[8] From 2007 to 2008, HK experienced a growth rate of 49%, achieving a turnover of ₹ 1,025 crores (US$ 260 million at that time).[11]
In 1994, diamond exports surged following a referral from an Israeli client to international clients. By 2001, the export company began trading and manufacturing diamonds ranging from 0.18 Carat to 0.96 Carat. In the fiscal year 2002–03, Hari Krishna Exports Pvt. Ltd. recorded a remarkable growth rate of 200%.
The company is engaged in both diamond jewelry manufacturing and export through H.K. Designs and Unity Jewels. H.K. Jewels Pvt. Ltd. serves the domestic market, while Kisna Diamond Jewellery, a pan-India brand, is distributed through more than 480 distributors to over 6500 retail outlets.