Dilipkumar Lakhi is an Indian businessman, investor and successful diamond merchant. He is the CEO of Lakhi Group. In 2003, he caused a media sensation when he ranked first in personal tax payment. Dilip Kumar once again grabbed everyone’s attention when he purchased the Cadbury Building, a famous landmark in south Mumbai. In 2024, he made headlines for donating 101 kg of gold (worth approximately Rs 68 crore) to the Ram Lalla temple in Ayodhya.
Wiki/Biography
Dilipkumar Vishindas Lakhi lives in the Malabar Hills district of Mumbai.
family and caste
He was born into a Sindhi family in Shikarpur District, Sindh Province, Pakistan.
Parents and siblings
His father Vishindas Holaram founded the diamond business Lakhi Group in 1944 in Jaipur, Rajasthan. Dilipkumar Lakhi has four brothers: Motiram V. Lakhi, Girdharilal V. Lakhi, Prakash V. Lakhi and Deepak V. Lakhi. They play an active role in the business in India and abroad. The eldest brother Motiram is in charge of the business in Hong Kong. Girdharilal Vishindas Lakhi is the Director of Vishindas Holaram Private Limited. His brothers Deepak and Prakash are heads of Sparklers International in Dubai and Vishinda Inc. in New York respectively.
wife and children
In 1976, Dilip Kumar married Karuna. They have three children together, a son Chirag and two daughters Abhilasha and Prerna. Chirag Dilipkumar Lakhi is also a businessman and Director of Vishindas Holaram Private Limited.
Chirag Dilipkumar Lakhi, son of Dilipkumar Lakhi
From left to right: Dilipkumar Lakhi, Prime Minister Narendra Modi and Chirag Dilipkumar Lakhi
Others
His nephews Manish and Ritesh (Girdharilal’s son) are responsible for the sales of polished diamonds.
Religion/Religious Views
Dilipkumar Lakhi follows Hinduism. He is one of the major donors to the Ram Mandir project in Ayodhya.
Signature/Autograph
Dilip Kumar Rakhi’s signature
Profession
In 1944, before the partition of India, Dilipkumar’s father Shri Vishindas Holaram, who came from Shikarpur, Sindh, founded and ran a gem business in Jaipur. Jaipur is world-famous for its excellence in gem and jewelery craftsmanship. At the age of 13, Dilip Kumar started studying and also helped in business in his spare time. The more he became involved in his father’s business, the more he admired his father’s business skills, hard work and determination. In 1972, at the age of 22, Dilipkumar moved to Mumbai and established a base in the city’s Zaveri Bazaar. At that time India was becoming a major center for diamond processing. Dilip Kumar grabbed the opportunity and made the most of it. The Lakhi Group pioneered Asia’s largest factory, producing over 1 million carats of polished diamonds.
as a businessman
Dilipkumar Lakhi is the Chairman of Lakhi Group. The Lakhi Group consists of two companies: Vishindas Holaram (VH), established in 1944, and Dilipkumar V. Lakhi (DVL), established in 1970. The Lakhi family is one of India’s largest CPD (cut, polished, diamond) exporters with operations in more than 20 countries. In addition to their export business, they also supply diamonds to several well-known Indian CPD companies, many of which are DTC sightholders, demonstrating their good reputation in the market. On August 28, 2007, he became a director of Grandiose Infrastructure Venture Enterprises. In 2010, he held directorships in two companies, Sanjivani Urja Power and Surya Chaitanya Power. On November 1, 2022, he became a director of Vishindas Holaram Private Limited, the underlying company of the Lakhi Group.
Photo of Dilipkumar Lakhi (right) during interview
as an investor
Dilipkumar Lakhi’s investment approach focuses on less mainstream sectors such as lubricants, eschewing more common areas such as banking and automobiles. He prefers industries with less competition and often makes decisions based on market reversals and contrary opinions. As of the end of the June 2023 quarter, Dilip Kumar Lakhi owned over 1% of 13 different stocks. The total value of these shares is over Rs 1,334 crore. He owned 4.2% stake, or 1.403 Million shares, in NDL Ventures Limited at the end of the June quarter. The shares are valued at approximately Rs. 18 Crores. Shares of NDL Ventures have risen 10% in the past six months. Its price has been increased from Rs 116 to a higher price. NDL Ventures is part of the Hinduja Group. The company is involved in areas such as media and communications and real estate. His significant investments include investments in Welspun Group and Religare Enterprises. Other companies in which Dilip Kumar holds shares include Avon More Capital, Hindustan Fluorocarbons, Unitech Limited, Sabu Sodium, GOCL Corporation, Diligent Media Corporation, Aaro Granite, TRF Limited and Premier.
charity
Extraordinary donation to Ram Mandir
The Ram Mandir project is funded by donations from loyal followers. The construction of the Ram Temple is an important symbol of joint efforts and financial contributions from many parties and marks an important event in the cultural and religious history of India. During the inauguration of the temple in 2024, Dilip Kumar V Lakhi’s name hit the headlines as a major donor. The family donated 101 kilograms of gold to the Rama temple. According to reports, the gold will be used to decorate parts of the temple and decorate various elements of the Ram temple, including doors, sanctums, thrissurs, damaru and pillars, enhancing the beauty of the temple. At that time, the price of gold was around Rs. So, 68,000 rupees per 10 grams; the donation from the Lakhi family came to a staggering 680 million rupees. Other notable donations include spiritual guru Morari Bapu’s Rs 11.3 crore.
ayodhya ram mandir
Other donations
The Lakhi Group supports education in India through donations to foundations, building schools and providing scholarships in rural areas. The group also makes significant contributions to the GIA India Education Endowment Fund. The Lakhi Group has made significant contributions to the construction of the San Mira Brotherhood in Jaipur. In addition, they assist cancer institutes in acquiring advanced medical equipment. Their donations also support NGOs in providing medicines to the less fortunate. The organization contributes to various national relief funds to help victims recover. In support of the Hindu faith, the group has donated gold thrones, statues of Bhagwan Mahavir to famous temples such as Badrinath Temple, Somnath Temple, Dwarka Temple, as well as the Jain temple in Mahudi and the statue of Bhagwan Mahavir. The golden gate and gold statues totaling over 180 kilograms are in Pavapuri. In 2016, the Lakhi family donated 40.270 kilograms of gold to the Somnath temple in Gujarat, taking their total gold donation to the temple to 109 kilograms.
Old photo of Dilipkumar Lakhi walking towards a Hindu temple with a basket of temple offerings on his head
Awards, Honors, Achievements
- In March 2016, Dilipkumar Lakhi received the Lifetime Achievement Award at the 42nd Indian Gem and Jewelery Export Promotion Council Awards Ceremony in Jaipur.
- For his significant contribution to the community, Dilip Kumar was awarded the ‘Outstanding Citizen Award’ in 2001 by the Sindh Chamber of Commerce, Chennai. Before this, he was also awarded ‘Kohinoor’ among other honors.
net worth
In December 2023, Dilipkumar Lakhi was publicly holding 12 stocks with a net worth of over Rs. 1,485.1 Crores.
Facts/Trivia
- Many people call him “Dilipbhai Lakhi”.
- Dilipkumar Lakhi is a vegetarian.
- He was a teetotaler and a non-smoker.
- He said in an interview that of all the places he has been, his favorite is Kobe, located near Osaka, Japan. He liked the town so much that he even considered moving there.
- Dilip Kumar made headlines for buying the Cadbury Building, a famous landmark in south Mumbai. Originally acquired by Cadbury in 1981 and renovated in 2001, the iconic white Art Deco building consists of two parts: a two-storey office building and an eight-storey residential building housing the company of many senior employees.
Categories: Biography
Source: HIS Education