Govind Dholakia

Founder & Chairman, Shree Ramkrishna Exports Pvt. Ltd.

If you want to succeed in business, remember this thing for life || Govinda Dhalia latest Gujarathi Motivation Speech

📅 Sep 22, 2026 Govind Dholakia 10 MIN 936 VIEWS 18 SEGMENTS · 2 SPEAKERS

[Full translation preserving all repetitions]

What Govind Dholakia said

Written from the verified transcript and checked against it. Every figure links to the moment it was said.

Govind Dholakia, founder and chairman of Shree Ramkrishna Exports, recounted his early days in the diamond trade, starting with a 1970 partnership in Surat. He described getting a 34% yield where a Mumbai firm, P.D. Kothari Diamonds, expected only 28%, and his refusal to profit from an overvalued lot, selling it at its true value of 450 rupees despite an offer of 635 from Jantibhai Master. This integrity, he said, built a foundation that made Ramkrishna Exports a 14,000 crore company. He advised staying positive by seeing negativity in others as a divine flaw and feeling pity, not anger. He credited his success to 'acceptance,' a trait he declared when honored by De Beers in 2003. The talk concluded with a story, and he engaged with audience questions on positivity.

Key takeaways

Dholakia refused to sell a diamond lot for 635 rupees, accepting 450, and credited this integrity for Ramkrishna Exports becoming a 14,000 crore company.
In 1970, Dholakia achieved 34% diamond weight yield versus the 28% standard set by P.D. Kothari Diamonds.
Dholakia said his success secret is 'acceptance,' a one-word answer he gave to national media in 2003 when honored by De Beers.

Numbers and commitments

Figure	What it refers to	Type	At
28%	standard diamond weight yield set by P.D. Kothari Diamonds	metric	0:00
34%	Dholakia's actual diamond weight yield	metric	0:36
26%	weight yield on the lot he gave to P.D. Kothari	metric	1:11
500 rupees	cash Dholakia had to buy diamonds	other	2:40
910 rupees	cost of ten carats at 91 rupees per carat	other	2:40
420 rupees	payment due for the diamond lot	other	3:03
200 rupees	amount partner's wife returned from household expenses	other	3:38
20 rupees	additional amount partner contributed from pocket	other	3:38
450 rupees	true value price for the diamond lot	other	4:29
635 rupees	offer from Jantibhai Master for the diamond lot	other	4:29

Chapters

0:00Early diamond business in 1970
4:29Refusing to profit from cheating
5:30Foundation of Ramkrishna Exports
6:26Advice on staying positive
9:43Secret of success: Acceptance
10:33A funny story

Questions asked in this interview

6:11My question to you is, how to stay positive in every situation of life?

Govind Dholakia 0:00 ↗

Let me give you an example. When we started the company in 1970, there was a company in Mumbai called P.D. Kothari Diamonds. We brought goods from them here to Surat. They had a branch office, and they gave goods to Hirabhai Vadiwala. So he wrote on the lot that the weight should be 28%. That means if a diamond is 100 cents, after polishing, 28 cents should remain.

So I got 34% because we were three partners and two workers, all five of us, and there was no loss, so the weight came to 34%. So I told the brother that our lot is ready, take a look. He said that we don't get that much weight. We make all the goods, and we only get 28% or 27%. Now if you give 34%, it will ruin all of us. They will demand 34% from us, and how will we give it?

So I told him, brother, you take the big diamonds and leave the small ones. I said, brother, we don't do anything wrong. I won't do anything wrong. So you take this lot, I will give it to them. He said, but it will ruin us. Govind, what will happen to us? We are all happy. So Govind, if it ruins us, I said, then do whatever you want to do. I gave him the lot. He made the big and small diamonds 26% weight. I came back.

He immediately paid four rupees per piece as labor and gave another lot. I thought to myself, if he gets a profit at 26%, and I get 34%, then I won't get a profit. So I have to make my own. I also get goods from home, but where to get them, I don't know. So I went to the diamond market to get goods.

There was an office here for diamonds. I went to Dadar and asked if I could get diamonds. I want to buy them for cash. He said, you won't get them here, but you can buy them for cash. I will come with you. Give me a one percent commission. The brother came with me and took me to four offices. Now I didn't know the price of diamonds, but he quoted a price and didn't reduce even a rupee. So I said, give me five carats. Five carats means one gram, five carats of diamond weight per gram.

So I said, he said, five won't be available, you have to take ten. Now the price was 91, so it would be 910 rupees. I had only 500 rupees with me. He said, no, you have to take a minimum of ten carats. But I said, I only have 500 rupees. So he said, this broker will come to your house and take it. Now I knew there was no money at home.

So I bravely took ten carats. The broker came with me. It was just after my wedding. We were staying at our partner's house, eating and drinking. So I went in the afternoon and woke him up. I said, Veerji, now we have to pay 420 rupees. 410 for the rough and 10 for the broker's commission. He called me Bhagat, Govind Bhagat. So he said, Bhagat, where is the money? My partner said, money? In Kathiawadi, money is called 'fadiya'. In Kutch, they might call it 'fadiya', I don't know. He said, where is the money? But I said, now we have brought this lot, now you will have to do something.

So he told his wife to bring back the 200 rupees I had given you for household expenses. She took out 200 and gave it to him, and he gave me 20 from his pocket. This was the first business I did. Then what happened was, he processed half the lot and gave it back. Within a week, he paid me five rupees as labor. He said, don't give the goods to anyone else, give them only to me. And everything started going well.

After two or three months, someone told me to treat the black edge, and you will get more money for it. Right now you are giving goods at a certain price, but you will get six and a half for it. So I said, I don't know. There was a brother from a neighboring factory, so you get it done. So he got it treated.

There was a diamond merchant named Jantibhai Master. I sent the broker to him. The first offer that came was for 600. So I said, no, I won't sell it for less than 700. So he came back. I used to give goods daily for 450. I went to him and said, there is an offer from Jantibhai Master for 625. He said, give it to me for 635. I said, I have to give it to you for 450 anyway. He asked why. I said, the goods I give you for 450 are off-color goods. This is treated to look white, but it's not white. Both partners stood up and said, let's talk. I said, yes, you are being cheated in the market. But a new world is coming, so I have shown you. Now, that lot with the offer of 635, I gave it to him for 450. Because it was actually worth 450. That was cheating.

Now imagine, at that time, the village boy Govind was 20 years old. At that time, he was like you. If at that time, in the greed for money, he had sold the goods for 635, then today Ramkrishna Exports would not have become a 14,000 crore company. The foundation must be strong.

Thank you, brother. Okay, let's do this. Two boys have asked questions. Now let's give a chance to a sister to ask a question. Let's give the girls a chance to ask questions. Yes.

2 more exchanges in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Dholakia, G. (2026, September 22). If you want to succeed in business, remember this thing for life || Govinda Dhalia latest Gujarathi Motivation Speech [Interview transcript]. Govind Dholakia. CEOInterviews.AI. https://ceointerviews.ai/interview/2914527/

MLA

Govind Dholakia. "If you want to succeed in business, remember this thing for life || Govinda Dhalia latest Gujarathi Motivation Speech." Govind Dholakia, 22 Sep. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/2914527/.

BibTeX

@misc{dholakia2026_2914527,
  author       = {Govind Dholakia},
  title        = {If you want to succeed in business, remember this thing for life || Govinda Dhalia latest Gujarathi Motivation Speech},
  howpublished = {Interview transcript, Govind Dholakia. CEOInterviews.AI},
  year         = {2026},
  month        = {sep},
  url          = {https://ceointerviews.ai/interview/2914527/},
  note         = {Speaker-attributed transcript with timestamps}
}

▶

Key Quotes (2)

“I will give you an example. When the company started in 1970, there was a company in Mumbai, PD Kothari Diamonds. They brought labor work here to Surat, they had a branch office, and Hirabhai Vadivala gave them the goods. On the lot it was written to bring 28% weight. 28% weight means a diamond of 100 cents, after cutting and polishing, 28 cents remain. So I got 34%, because we were three partners”

POLICY

“Positivity doesn't come from outside; it comes from within. And from within means where? Not from the feet or hands—from the brain. Now we have to improve the brain. How does the brain improve? Either our reading should be positive reading, or the environment should be positive—our friends should be positive and we automatically become positive. If everyone in our family is positive, we automatica”

▶ 6:33

Mentioned in this interview

P.D. Kothari Diamonds: Mumbai firm that supplied goods and set the 28% yield standard

Hirabhai Vadiwala: Branch office contact who gave goods to Dholakia's partnership

Jantibhai Master: Diamond merchant who offered a price for Dholakia's lot

De Beers None-De Beers: Dholakia's company became members in 2003 at the Taj Hotel

Taj Hotel: Venue where Dholakia was honored by De Beers in 2003

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About Govind Dholakia

Govind Dholakia, founder and chairman of Shree Ramkrishna Exports, has appeared in a series of motivational speeches and talks in recent months, addressing topics such as entrepreneurship, work ethic, and personal values. In these appearances, he discussed his early career experiences, including working as a diamond artisan and starting his company in 1970, and recounted anecdotes about his modest beginnings, such as eating a lunch costing 37 paise in his youth. He also shared stories from his business career, including an instance where he claimed his team achieved a higher diamond weight yield than expected and his subsequent decision to alert a buyer about the quality of goods. In his talks, Dholakia offered advice to young audiences, recommending that those starting a business first gain practical knowledge through several years of employment in their chosen field. He also compared the merits of salaried jobs versus entrepreneurship, suggesting that a lower-paying business venture could offer greater long-term growth potential than a higher-paying job. Additionally, he spoke about the importance of maintaining a positive mindset, citing a "law of the universe" that one receives what one gives, and encouraged respect toward others, including fair compensation for domestic staff and drivers. He reflected on India's economic history, noting past food scarcity and rationing, and advocated for charitable giving beyond the mandated corporate social responsibility percentage.

All Govind Dholakia appearances → Govind Dholakia on YouTube →