New Delhi: Coming from a small village, Vallabhbhai Patel has constructed a enterprise value Rs 17,000 crore. This farmer’s son constructed the nation’s largest diamond manufacturing firm in three a long time. His firm is called Kiran Gems. It’s among the many world’s largest diamond slicing and sharpening corporations. Tell us about Vallabhbhai Patel’s success journey right here.
Vallabhbhai Patel was born in a farmer household in a small village in Bhavnagar district of Gujarat. He has written probably the most inspiring enterprise success tales within the nation in latest a long time. With none formal training, Patel realized completely different points of enterprise. In 30 years, he turned his firm right into a Rs 17,000 crore enterprise. He runs Kiran Gems together with his brother. Right this moment it is among the largest corporations on this planet for slicing and sharpening diamonds. His firm is among the highest tax payers within the nation. He’s on the high within the diamond business when it comes to doing so.
Vallabhbhai Patel hails from a village the place there have been solely 500 folks. He has studied solely until the fourth grade. Patel began his profession in 1971 by working as a diamond cutter. He additionally used to assist the household in farming in the course of the monsoon season. After spending 7 years in a diamond workshop, he tried to begin a small enterprise in 1978. However, couldn’t make it profitable. With the assist of his father, Vallabhbhai reached Mumbai from Bhavnagar within the early Nineteen Eighties. His first residence was in Borivali.
In 1985, Patel began Kiran Gems. Quickly his commerce graduate brother Mavjibhai Patel additionally joined him, who’s now the MD of the corporate. From his humble beginnings, the founder and chairman of Kiran Gems has change into one of many greatest gamers within the Indian diamond business. His firm is a siteholder of the world’s main diamond model De Beers. His firm is the most important diamond manufacturing firm in India when it comes to turnover and variety of workers.
In October 2023, billionaire businessman Vallabhbhai Patel transferred his firm Kiran Gems from the monetary capital Mumbai to Surat. Kiran Gems has additionally arrange a brand new township with 1200 residences for two,500 workers and their households. As a philanthropist, Patel has supported a number of tasks in healthcare and training. His household additionally runs a college with 11,000 college students in his dwelling district Bhavnagar and a hospital in Surat.