Dilipkumar Lakhi is an Indian businessman, investor and successful diamond trader. He is the CEO of Lakhi Group. In 2003, he became a media sensation for being the top individual taxpayer. Dilip Kumar once again caught everyone’s attention when he bought the famous landmark Cadbury House of South Mumbai. In 2024, he made headlines for donating 101 kg of gold (approximately Rs 68 crore) for the Ram Lalla temple in Ayodhya.
Contents
Wiki/Biography
Dilipkumar Vishindas Lakhi lives in Malabar Hill area of Mumbai.
family and caste
He was born in a Sindhi family in Shikarpur district of Sindh province of Pakistan.
parents and siblings
His father, Vishindas Holaram, is the founder of the Lakhi Group, a diamond business in Jaipur, Rajasthan in 1944. Dilipkumar Lakhi has four brothers, Motiram V. Lakhi, Girdharilal V. Lakhi, Prakash V. Lakhi and Deepak V. Lakhi. They play an active role in business in India and abroad. The eldest brother, Motiram, runs operations in Hong Kong. Girdharilal Vishindas Lakhi is the Director of Vishindas Holaram Pvt. Ltd. His brothers Deepak and Prakash head Sparklers International in Dubai and Vishinda Inc. in New York respectively.
wife and children
In 1976, Dilipkumar married Karuna. They have three children, a son, Chirag, and two daughters, Abhilasha and Prerna. Chirag Dilipkumar Lakhi is a businessman and also the director of Vishindas Holaram Pvt. Ltd.
Dilipkumar Lakhi’s son, Chirag Dilipkumar Lakhi
From left Dilipkumar Lakhi, PM Narendra Modi and Chirag Dilipkumar Lakhi.
Other
His nephews Manish and Ritesh (Girdharilal’s sons) manage the lucrative sales.
religion/religious views
Dilipkumar Lakhi follows Hindu religion. He was one of the major donors to the Ram temple project in Ayodhya.
signature/autograph
Signature of Dilipkumar Lakhi
livelihood
In 1944, before the partition of India, Dilipkumar’s father Mr. Vishindas Holaram of Shikarpur, Sindh, started and ran a gem business in Jaipur. Jaipur was already known throughout the world for its excellent craftsmanship in gems and jewellery. At the age of 13, Dilip Kumar used to study and also help in business in his free time. The more he became involved in his father’s business, the more he admired his father’s business acumen, hard work and determination. In 1972, when Dilipkumar was 22, he moved to Mumbai to set up base in Zaveri Bazaar in the city. This was the time when India was becoming a major center of diamond processing. Dilip Kumar took advantage of this opportunity and made full use of it. The Lakhi Group was the first to set up the largest factory in Asia and produced over one million carats of polished diamonds.
as a businessman
Dilipkumar is the chairman of Lakhi Lakhi Group. The Lakhi Group consists of two companies, Vishinadas Holaram (VH), formed in 1944, and Dilipkumar V. Lakhi (DVL), formed in 1970. The Lakhi family is one of the top exporters of CPD (cut, polished, diamonds) in India. With operations in over 20 countries. Apart from their export business, they also provide diamonds to many leading Indian CPD companies, many of which are DTC Vision holders, demonstrating their strong reputation in the market. On 28 August 2007, he became a director of Grandiose Infrastructure Venture Enterprises. In 2010, he took over as director of two companies, Sanjeevani Urja Power and Surya Chaitanya Power. On 1 November 2022, he became the director of Vishindas Holaram Private Limited, the base company of Lakhi Group.
Picture of Dilipkumar Lakhi (right) during an interview.
as an investor
Dilipkumar Lakhi’s approach to investing focuses on less mainstream sectors like lubricants, staying away from more common sectors like banking and automobiles. He prefers areas with less competition and often bases his decisions on market vicissitudes and contrary opinions. As of the end of the June quarter in 2023, Dilip Kumar Lakhi owned more than 1% of 13 different stocks. The total value of these shares was more than Rs 1334 crore. He owned 4.2% stake in the company, amounting to 14.03 lakh shares, NDL Ventures Ltd at the end of June quarter. The price of these shares is approximately Rs. 18 crores. The value of NDL Ventures shares has increased by 10% in the last 6 months. It rose to a high price of ₹116. NDL Ventures is part of the Hinduja Group. The company operates in sectors such as media and communications and real estate. His significant investments include Welspun Group and Religare Enterprises. Other companies in which Dilip Kumar holds shares include Avon Mor Capital, Hindustan Fluorocarbon, Unitech Limited, Sabu Sodium, GOCL Corporation, Diligent Media Corporation, Aaro Granite, TRF Limited and Premier.
philanthropy
An extraordinary donation for Ram Mandir
The Ram Temple project was funded through donations from dedicated followers. The construction of the Ram Temple was a significant symbol of joint efforts and financial contributions from various sources, marking a significant event in the cultural and religious history of India. Dilip Kumar V Lakhi’s name came into limelight among the major donors during the inauguration of the temple in 2024. The family made a significant contribution of 101 kg of gold for the Ram temple. It was told that this gold will be used to decorate parts of the temple and various elements of the Ram temple including doors, sanctum sanctorum, trident, damru and pillars, which will enhance the beauty of the temple. At that time the price of gold was around Rs 200. Hence Rs 68,000 for every 10 grams; The Lakhi family’s donation was a remarkable Rs 68 crore. Other notable donations include Rs 11.3 crore from spiritual guru Morari Bapu.
Ayodhya Ram Temple
other donations
The Lakhi Group has supported education in India by donating to foundations, building schools and offering scholarships in rural areas. The group also contributed greatly to GIA’s endowment for education in India. Lakhi Group has significantly contributed to the construction of St. Mira’s Brotherhood in Jaipur. Additionally, he has assisted cancer institutions in acquiring advanced medical equipment. His donations also help NGOs provide medicines to the less fortunate. The group has contributed to various national relief funds, assisting in the rehabilitation of disaster victims. To support the Hindu faith, the group renovated famous temples like Badrinath, Somnath and Dwarka as well as the Jain temple at Mahudi and the idol of Lord Mahavira with a golden throne, a gold gateway and a total of over 180 kg of gold sculptures. Donated to charity. In Pawapuri. In 2016, the Lakhi family donated 40.270 kg of gold to the Somnath Temple in Gujarat, taking their total gold contribution to the temple to 109 kg.
An old photograph of Dilipkumar Lakhi, walking towards a Hindu temple with a basket of temple prasad on his head
Awards, Honors, Achievements
- In March 2016, Dilipkumar Lakhi received the Lifetime Achievement Award at the 42nd India Gem and Jewelery Export Promotion Council Awards held in Jaipur.
- For his significant contribution to the community, Dilipkumar was awarded the “Outstanding Citizen Award” by the Sindhi Chamber of Commerce in Chennai in 2001. Earlier, he was recognized as “Kohinoor” among other honours.
net worth
In December 2023, Dilipkumar Lakhi publicly held 12 stocks with a net worth of over Rs. 1,485.1 crore.
Facts/General Knowledge
- Many people call him “Dilipbhai Lakhi”.
- Dilip Kumar Lakhi is a vegetarian.
- He does not consume alcohol and does not smoke.
- During an interview, he shared that out of all the places he has visited, his favorite is Kobe, located near Osaka in Japan. He liked this city so much that he even considered going and living there.
- Dilip Kumar came into limelight for purchasing the famous landmark Cadbury House of South Mumbai. Originally acquired by Cadbury in 1981 and renovated in 2001, this iconic white, Art Deco building consists of two parts: a two-storey office building and an eight-storey residential block, which houses many of the company’s senior employees.
Categories: Biography
Source: vcmp.edu.vn