Amulakhbhai Khubchand Parikh
Amulakhbhai Khubchand Parikh (VS 1898-VS 1966)
Amulakhbhai Khubchand Parikh was born in Palanpur on Posh Sud 15 in Vikram Samvaat, 1898. He came from a well-to-do family and his father was both a businessman and a Potedar in the Nawab’s palace.
The youngest of six brothers, Amulakhbhai was extremely bright and well behaved, and so his parents began his education at the tender age of five. Young Amulakhbhai excelled in his studies, but unfortunately lost his father when he was just nine. By the age of 12 he got involved in the family business, and his special qualities of honesty, humility, devoutness and praticality brought him success in business.
In 1956, Amulakhbhai opened a showroom at Apollo Bunder in Mumbai named Amulakh Brothers. This new venture was a huge success and he had business dealings with royal families, governors, viceroys etc. The Nawabsaheb of Palanpur decorated him with the title of Shahsodagar Sheth.

Amulakh Khubchand Parikh
smarak bhavan,
Pattharsadak, Palanpur
Amulakhbhai had an extremely benevolent nature and provided all help and hospitality to young Palanpuri migrants who came to Mumbai to start new businesses. He encouraged youngsters to come to Mumbai and join the business of diamonds and jewellery. The youngsters could stay at his office for six months and he provided free food to them and took personal interest in their growth and success. There were several youngsters who took advantage of his hospitality and eventually started their own successful business.
Amulakhbhai passed away on Posh Sud 14 in VS 1966. In his memory, his family members and friends erected the Amulakh Smarak Bhavan and Sravikshala in Palanpur, a tribute that stands even today.
Arun R. Mehta
Arunkumar Ramniklal Mehta
Mr. Arunkumar R. Mehta was a stalwart of the Indian diamond industry and one of the pioneers of the modernisation and rapid growth phase it embarked on from the late 1970s. He was a visionary, with his uncanny business acumen rooted in an ethical and humanitarian approach.
In 1960, he co-founded B. Arunkumar & Co. as a partnership firm with his uncle, Mr. Bhanuchandra Bhansali, and under their leadership it developed into the world-renowned Rosy Blue Alliance, with diversified operations from manufacturing to trading, global marketing and even retailing across the globe.
At a personal level, his immense contribution lay in training and guiding many of the country’s successful diamantaires. He remained a mentor for many of the next generation, who also recall how he would easily analyse the most complex of issues and offer practical advice and suggestions on how to overcome problems.
Alongside, Arunbhai selflessly dedicated efforts to the growth and sustenance of the industry through his involvement in numerous trade organisations. He was a member of the Managing Committee of the Bharat Diamond Bourse for a long period. He was also associated with the Bombay (now Mumbai) Diamond Merchants Association and a member of the Working Committee of The Gem & Jewellery Export Promotion Council for over 20 years.
Arunbhai was actively involved in a number of social and philanthropic organisations over the decades and took keen personal interest in each one of them, adding immense value through his guidance and leadership. Those who worked alongside him recall that his inimitable style of mentoring where he managed to draw out people’s potential. He was associated with several organisations in the field of education, healthcare and religion.
He was Chairman of Palanpur Samaj Kendra, Mumbai and of Vidyamandir Trust, Palanpur for several years. Amongst several others, he was also associated with Sir Kikabhai Premchand Trust, Banaskantha District Kelavani Mandal and the Gem & Jewellery National Relief Foundation.
Arunbhai passed away in Mumbai in June 2020.
Bagmal Laxmichand Parikh
Bagmalbhai Laxmichand Parikh (1918-1995)
Bagmalbhai Laxmichand Parikh, fondly known as Babushah throughout the diamond industry is regarded as one of the most important mentors and teachers of the modern diamond industry in India as well as the founder of the diamond manufacturing industry in India. Large numbers of Indian diamantaires have learnt their technical skills and developed their business acumen either directly or indirectly from him.
Born on July 20, 1918 in Palanpur, Bagmalbhai lost his father at a very young age, and was brought up by his elder brother Chimanbhai. But his brother too passed away when Bagmalbhai was just 22 and then he shouldered the responsibility of looking after the family.
A visionary, Bagmalbhai took an unprecedented step in the early 1940s, when he set up a diamond cutting factory in the town of Navsari, bypassing his native Palanpur as it was plagued with power shortages. This pioneering move was the small seed which flowered into the mega diamond industry of South Gujarat today.
But Babushah’s legacy is much greater, for it was not just his pioneering step, but the manner in which he developed the business, that really counted. Working closely with his artisans, Bagmalbhai first learnt and then advanced the techniques with which the rough diamonds were cut, innovating the technique of single spindle bruting, and later pioneering the conversion of flat round diamonds which he procured from the royal families into marquises.
Despite being a pioneer in the industry, Babushah was ever ready to share his knowledge and experience with new entrants to the industry, and many of the leading diamantaires learnt their skills from him. It is widely said that “Babushah was a one man college!”
In 1960, Bagmalbhai set up Mahendra Brothers, and in 1966 the company was the first recipient of the National Award for Outstanding Exports of Cut and Polished Diamonds from India. Three years later, in 1969, Mahendra Brothers became the first company to be awarded a Manufacturing Sight in India. In 1974, the family business expanded to Antwerp where it established Diarough NV, today one of the leading diamond companies in the world.
Bagmalbhai’s contribution to the Indian diamond industry was recognized by The Gem & Jewellery Export Promotion Council in 1987 with an award for being the Pioneer of Indian Diamond Manufacturing. The company, Mahendra Brothers has also won numerous other export awards.

GJEPC Lifetime Achievement Award being presented
by Shri N.D.Tiwari, then Minister of Finance.Another facet of Bagmalbhai was his philanthropic initiatives which included projects for rural development, setting up education and medical institutions, various relief activities at times of natural calamities and towards the preservation of Jain heritage.
Bagmalbhai passed away in Mumbai on August 5, 1995, but his legacy will live on for time immemorial.
To read more about Manjula Bagmal Parikh Trust click here...
F. T. Khorakiwala
Padmashree F. T. Khorakiwala
Shaikh Fakhruddin Shaikh Taherbhai Khorakiwala (b 1918) a native of Palanpur, studied in Mumbai, and graduated from the Government Law College in 1941. Mr. Khorakiwala is one of the two (other being Dr.Prakash Nanalal Kothari) Palanpuris to have been awarded the civilian title of Padmashree by Government of India.
Mr. Khorakiwala is the Chairman of the Akbarally Group of Companies, which has department stores set up in 1897. He also serves as the Chairman Emeritus of Wockhardt Ltd. He is also the Chancellor of the Jamia Milia University in New Delhi, and a government nominee on the Board of the Law College.
He has been President of various institutes and organizations like Indian Merchants Chambers (1995-96), The Associated Chambers of Commerce, the Indo-Swiss Society, Saifee Hospital, Council for Fair Business Practices etc.
Mr. Khorakiwala was also the Sheriff of Mumbai in 1993, and was instrumental in setting up Mohalla Committees, which have played an important role in maintaining communal harmony in the city. As President of the Citizens Council for a Better Tomorrow, he organized the Ekta Raksha Bandhan Din (Hands of Harmony Across India) in 500 district towns.
He is also the Founder and President of the Indo-Arab Society and has been conferred the title of NDI by His Holiness Syedna Dr. Mohammed Burhanuddin Saheb (TUS). He is a Member of the Advisory Council of “Population First”, and received the Maharashtra State Vanshree Award in 2003 from the Social Forestry Department. He is also associated with many other organizations in various fields.
Mr. Khorakiwala passed away on July 5, 2011 in Mumbai.
Gautam S. Adani
Gautam S. Adani

Gautam S. Adani Gautam S. Adani was born on June 24, 1962 in Ahmedabad where his parents Shantilal and Shantaben Adani, who hail from the town of Tharad in North Gujarat, had settled some years earlier.
He is the Chairman of the Adani Group with interests in edible oils, power and infrastructure and ranks No. 10 on the list of richest Indians compiled by Forbes in late 2008 with a net worth of $ 3.9 bn.
After completing high school at the Seth C.N. Vidyalaya in Ahmedabad, Mr. Adani enrolled for B.Com at the Gujarat University but dropped out during the second year and relocated to Mumbai at the age of 18, starting his career as a diamond sorter with Mahendra Brothers. Two years later he set up his own company for trading in diamonds, and in the early 1980s moved back to Ahmedabad to manage a plastics unit for his elder brother.
Soon Mr. Adani began import of polyvinyl chloride (PVC), a key raw material for manufacturing plastics, under his own company, Adani Exports, and boosted by policy reforms leading to liberalization of trade became one of the largest players in the sector.
The company was listed in 1994 and diversified into the infrastructure sector in 1998 by setting up the Mundra Port, among the first private sector ports in India. By 2007, the company had also a multi sector SEZ spread over 100 sq km in the vicinity and listed as Mundra Port and SEZ (MPSEZ) after merging the port and SEZ into a single entity.
Besides these, the Adani Group also has businesses in edible oil, coal trading/mining, power, oil and gas exploration, export-import of pulses and fruits. It has a number of achievements to its credit including Mumbai’s largest deal of 8-10 acres of land in Bandra-Kurla worth over Rs 2,000 crore, setting up of the world’s largest coal receiving terminal at Mundra for Tata Power and being the largest importer of ferrous scrap in India. It has also acquired interests in coal projects in Indonesia and for exploration for oil and gas in Thailand.
Mr. Adani is also known for his philanthropy, particularly the relief work during the earthquake which struck Bhuj in 2001, the religious pilgrimage to Samet Shikhar along with over 2000 people from his native village, and his charitable school project in Ahmedabad.
Mr. Adani lives in Ahmedabad along with his wife Priti, who is a dentist and head of the Adani Foundation. They have two sons, Karan, who is studying in the USA and Jeet.
Habil Khorakiwala
Habil Khorakiwala
Habil Khorakiwala, son of Fakruddin T. Khorakiwala (originally from Palanpur) is the Chairman of Wockhardt Ltd. one of the leading pharmaceutical and health care companies in India. He was elected as Chairman of Federation of Indian Chambers of Commerce & Industry (FICCI) for 2007-08. This is the first time that any Palanpuri has reached such an important position in a premier industry organization.
Mr. Khorakiwala completed his Masters in Pharmaceutical Science from the Purdue University, USA and the Advanced Management Programme from Harvard Business School, USA.
Earlier he was also the President of FICCI, President of the Indian Pharmaceutical Alliance, the organization of research based pharmaceutical companies in India, and a panel member of the National Manufacturing Competitiveness Council, a high level think tank set up by the Government of India.
Mr. Khorakiwala has also received a number of awards and accolades. Among them are the Ernst & Young Entrepreneur of the Year Award in Healthcare and Life Sciences in 2004; the Giants 2003 Award for outstanding contribution to business and industry; Lifetime Achievement Award from the International Medical Integration Council in 2003; award for ‘Excellence as Top CEO” for the year 2002 from the Institute of Marketing & Management (IMM), New Delhi at the 29th World Marketing Congress; Lifetime Achievement Award by the Indian Analytical Instruments Association (ANACON) for ‘Contributions in Research and Industry’; Shiromani Vikas Award for ‘Outstanding and Inspiring Contribution to National Development’ in 1992 at the hands of Mother Teresa and Lifetime Achievement Award from Express Pharma.
Mr. Khorakiwala has been a Non-Official Director on the Board of Directors of Union Bank of India and is a Member of the Board of Governors, Centre for Organisation Development at Hyderabad
Mr. Khorakiwala lives in Mumbai.
Kantilal Chhotalal Mehta
Kantilal Chhotalal Mehta (1921-1993)
Kantilal Chhotalal Mehta, popularly known as ‘Kanubhai’ was born in Calcutta in 1921. He completed his primary and secondary education in Palanpur. He performed brilliantly throughout his educational career.
Mr. Mehta showed a keen interest in social service and literature since his childhood and nurtured the ambition of becoming a doctor. But destiny took him towards diamonds and jewellery.
In 1941, at the age of 20, Mr. Mehta came to Mumbai to do trading in diamonds. He established the firm M/s Kantilal Chhotalal and began his business. His ability and skill brought him success within few years, and the business branched out and flourished in the country and abroad.
Mr. Mehta took the initiative to establish the Palanpur Samaj Kendra, a step that won him great appreciation among the members of the community as it was a major contribution towards bringing together all Palanpuri Jain and other communities in Mumbai. He introduced several social reforms among the community members, and helped develop pride in the feeling of being ‘Palanpuri.’
A multi-faceted personality, he had a thirst for knowledge and was fond of reading, building a large and valuable library at home. He was proud of being a Gujarati and treasured books in that language. He was very close to many poets and other literary personalities.
As a businessman and an alert citizen, Mr. Mehta had deep knowledge of laws and regulations regarding income tax, customs, banking, insurance etc. and was so well known for his knowledge of different subjects that senior officials of concerned departments often came to him for advice in their own fields. He was appointed as a member on the Dhahotre Committee appointed by Reserve Bank of India to study finance related issues for the diamond trade, He had deep intricate knowledge of the diamond trade and as an expert wrote two books, ‘Diamond Export Business' and ‘Diamonds from India'.
Mr. Mehta was always ready to extend a helping hand to all needy Palanpuris, without discrimination of caste or creed, whether it was for medical or educational purposes, or due to family circumstances. His favorite area of philanthropy was education and he established the Shree Palanpur Shishushala Balmandir and Education Trust (now called Vidyamandir Trust) in Palanpur in 1948. This was a significant development, because Vidyamandir went on to play a very important role in the educational and cultural development of Banaskantha District.
His compassion can be seen in the establishment of Mamata Mandir, an institution for the education of differently abled children. The institution provides a range of facilities from education to rehabilitation, and strives to make these children self sufficient.
Mr. Mehta passed away on January 24, 1993 in Mumbai.
Kirtibhai K. Doshi
Kirtibhai Kalidas Doshi
Kirtibhai Kalidas Doshi was born on October 12, 1922 in Palanpur, and graduated with Honours in Commerce from Mumbai University. He discontinued his higher studies in Economics and Law from 1942 - 47 to participate in the Independence Struggle.
Mr. Doshi is one of the pioneers of the diamond and coloured gemstone trade in India, and laid the foundation for Shrenuj & Co, which is among the leading manufacturuer-exporters of diamonds and jewellery from India. Mr. Doshi was among the first Indians to travel across the world in an effort to expand the trade and was one of the pioneers in cutting and polishing gemstones within the country. His company was also the first to introduce modern high tech laser technology to the diamond cutting industry.
Mr. Doshi has also been closely associated with a number of public service charity trusts and educational institutions. He has been the Chairman of The Gem & Jewellery Export Promotion Council, Chairman of the Trust Board of the Mahavir Jain Vidyalaya, a 90 year old educational institution, and the President of the Gemmological Institute of India.
In 1992, he was presented with an Eminent Personalities Award by the International Colored Gemstone Association.
Kirtilal Manilal Mehta
Kirtilal Manilal Mehta (1907-1993)
Kirtilal Manilal Mehta (1907-1993) was born in Palanpur on February 7, 1907. He lost his father when he was just 12, and soon joined the family business in Rangoon, Burma. After working with his uncle for a few years, Mehta set up an independent business in Mumbai under the name Kirtilal Manilal Mehta.
Seeing the potential in the export of diamonds, he pioneered the entry of the Indian community into Antwerp, where he settled with his wife Lilavati in 1953 and founded the well known firm Gembel NV. By 1956, he had set up business operations in Hong Kong, and in 1968 and 1973 established Gembel in Tel Aviv, Israel and Occidental Gem Inc in New York, thus developing a network across all the major diamond centres of the world.

Mr. Mehta being decorated
by the King of Belgium Mr. Mehta received a number of honours including an Award in 1977 for being a Leading Exporter from the Government of India, and a ‘Outstanding Exporter’s Award’ from the President of Israel in 1973.
Mr. Mehta was the first ever Indian to be decorated "Officer of the Order of Leopold" by His Majesty the King of Belgium. He was also honoured by the Nawab of Palanpur.
Mr. Mehta was instrumental in setting up the 300-bed Lilavati Kirtilal Mehta Hospital & Medical Research Center in Mumbai, and the Lilavati Hospital in Palanpur. He also contributed handsomely to the Vidyamandir Trust to start an English Medium school in Palanpur and was associated with the Mahajan Hospital in Palanpur.
He passed away on July 20, 1993 in Antwerp, Belgium
Mafatlal Mohanlal Mehta
Mafatlal Mohanlal Mehta (1917-2005)
Mafatlal Mohanlal Mehta (1917-2005) or Mafatkaka, as he was more affectionately known by his close friends and associates, was born in Mumbai on September 27, 1917.
He began his formal education at the Fellowship High School, but had to give up studies to join the family firm, Mohanlal Raichand and Sons at an early age.
In 1956 he started his own independent business in the name of Jitendra Diamonds (later Samir Diamonds), and moved to Antwerp where he set up Jayam BVBA in 1960. By 1975, he opened an office in New York in the name of Paras Diamonds, and went on to establish a network of offices in Los Angeles, Hong Kong, Tel Aviv, Singapore and many other places.
A meeting with Mahasati Ujjwalakumariji in 1955 and his later association with Mother Teresa and others made his life take a new direction, and he began to work for the upliftment of the poor, downtrodden and needy. He donated generously to institutions and organizations working for such causes, without any differentiation on caste, creed, religion or race through a Trust set up in memory of his late mother, Smt Diwaliben Mohanlal Mehta.
Mr. Mehta was actively associated with Mother Teresa for over 30 years. Mother even took him with her to London to attend an awards function for Progress in Religion. This inspired Mafatkaka to present such awards in Mumbai in memory of his mother.
Diwaliben Mohanalal Charitable Trust contributed for an orphanage known as Ma Niketan in Thane. It also built Smt. Kamala Mehta Dadar School for the Blind and Smt. Kamala Mehta Andh Kanya Chhatralaya at Pune.
Mr. Mehta passed away on September 12, 2005 in Mumbai.
S. G. Jhaveri
Shantilal Ghelabhai Jhaveri (1917-1991)
Shantilal Ghelabhai Jhaveri, who was known popularly as S.G. Jhaveri, was the second generation of the family to enter the diamond business. After joining the family business, he became a popular figure in the trade.
A nationalist to the core and a visionary at heart, he was a persistent champion of the issues of the trade, and was well known for his independent outlook and outspokenness. In 1957, he was made Secretary to the First All India Jewellers' Convention.
In 1964, Mr. Jhaveri founded a new company, London Star Diamond Co. (India) Pvt. Ltd., which was one of the first Pvt Ltd companies in the diamond trade, with foreign collaboration.
He was instrumental in arranging supply of rough diamonds from Star Diamond Group to MMTC for sale in India to local manufacturers, during the period of canalization of import of rough diamonds.
Mr. Jhaveri was twice elected as Chairman of The Gem and Jewellery Export Promotion Council. He was also President of Diamond Exporters' Association for over a decade. He was Vice President of Bharat Diamond Bourse since its inception and was instrumental in establishing the present Customs Clearance Center at Diamond Plaza, Lamington Road, Mumbai.
His most noteworthy contribution is the Multi-Rate Import Replenishment Scheme, which was in existence from 1972 to 2001 and was a crucial force in driving the stupendous growth in the export of polished diamonds. He was the leader of the first ever Technical Delegation sponsored by The Gem and Jewellery Export Promotion Council in 1974.
In 1986, the Indian Diamond and Colorstone Association Inc., New York bestowed one of its highest honours on Mr. Jhaveri in appreciation of his all round services and special contribution to the promotion of Indian cut diamonds in the USA.
Mr. Jhaveri was one of the first to moot the setting up a diamond bourse in India way back in 1976. He along with Mr. Ratilal B. Jasani and others came together to form the “Shukramani Bhavan” for this purpose. He had worked for setting up the Bourse for a number of years till his demise in January 1991. It was his efforts and far sightedness that finally resulted in the formation of the Bharat Diamond Bourse in 1984 and the allocation of land at Bandra Kurla for the project.
Mr. Jhaveri passed away in 1991.
Surajmal Lallubhai Mehta
Surajmal Lallubhai Mehta (1880-1932)
Surajmal Lallubhai is widely considered to be one of the pioneers of the diamond business in India, and was one of the first Palanpuris to set up a diamond firm in Mumbai.
He arrived in the city of Mumbai at the tender age of 15, and by 1895 established his own jewellery firm by the name Surajmal Lallubhai & Co.
Due to his special qualities and dedication, the firm progressed very rapidly. Over time, Surajmalbhai opened branches in Mumbai, Rangoon, Kolkata and Chennai, and later even spread his business dealings to Antwerp. So revered was he for his determination, hard work, adherence to truth and honesty and other values that he was popularly known as “Alla” (meaning God).
He was not merely focused on his own progress, but was equally concerned about helping the youth from his home town. He used to provide them with free food and shelter as well as help them to find work suited to each individual’s ability. Slowly the youth from Palanpur started establishing themselves in Zaveri Bazaar in Mumbai. Through his patronage, nearly 200 to 300 Palanpuri youth set up their own businesses, and provided the base from which the community grew to become the drivers of India’s leading position in the world’s diamond markets today. Present day diamantaires are indebted to him.
Though Surajmalbhai settled in Mumbai, he never lost contact with Palanpur, and made it a practice to spend 30 days every year in his home town. He was the pioneer in establishing the Zaveri Mangalji Vamalshi Hospital, Palanpur Female Hospital, Shree Jain Shisushala (children’s school), Vyayamshala (gymnasium) and many other charitable institutions in Palanpur.
Despite his wealth and business success, Surajmalbhai was a staunchly religious, simple and straight forward person, who observed regular ‘maun’ in the first half of the day, spent three hours on business dealings, and then devoted time for religious study and social work.
He was also a linguist, well versed in six languages and had a personal library which had a huge collection of rare and precious books in English, French, Sanskrit, Burmese and Persian.
Uttamchand N. Mehta
Uttamchand N. Mehta (1924-1998)
Uttamchand. N. Mehta (1924-1998) was born in Mahemadpur, a small village in Banaskantha on January 14, 1924, and after finishing his primary education in Palanpur, moved to Mumbai, where he completed his B.Sc. from Wilson College, while staying at the Mahavir Jain Vidyalay hostel.
Starting his career as a government servant in 1944, Mr. Mehta worked as a Medical Representative with the drug MNC, Sandoz from 1945 to 1958.
Then in 1959 he took the path breaking decision to start his own firm Trinity Laboratories with a seed capital of just Rs 25,000. This organization began to manufacture special medicines. In 1968, Mr. Mehta began to market a medicine for treatment of mental diseases at a very reasonable price.
It was a big step at a time when only multinational companies manufactured specialty drugs, and subsequently Mr. Mehta went on to establish Torrent Laboratories in 1976. The company began marketing a number of useful drugs at very competitive prices and soon made a name for itself.
Today, Torrent is a large company engaged in the business of pharmaceutical goods and power generation.
In 1996-97, Mr. Mehta received the “Businessman of the Year” award from the Government of India. Torrent has also won many awards for excellence in manufacturing, exporting and marketing.
Mr. Mehta also contributed generously to social, educational and charitable institutions and causes.
Mr. Mehta passed away in 1998 at Ahmedabad.