Interview with Mr. Nilesh Pathak

How was 2008 slowdown for you? Not good, rite? So many job cuts, inventory cut. For a change we have found a guest who is talking positive aspect of 2008 economic meltdown. Every coin has two side. Meet Nilesh Pathak who thinks 2008 slowdown brought lot of changes in the way we work in Indian Diamond Industry and it will help us to grow more efficiently in future.

Nilesh Pathak

Nilesh Pathak, Sales, Kapu Gems

How did you start yours career in diamond industry?
I started working in Indian Diamond industry in 1996. Started as Diamond Grader in company named ‘P D Kothari’. Got acquainted with basic knowledge of diamond Manufacturing. Over period of time learned and played various roles including Diamond Assorting, Trading, Sales. Other companies I have worked with are Munjani Brothers, Amipi Inc and few other manufacturing companies.
Presently I work in sales with Kapu Gems (Diamond Manufacturer). Working in sales requires one to be well informed about products, industry and competitors.

What do you think about 2008 slowdown?
According to me it wasn’t a slowdown rather it was learning phase for Diamond manufacturing and Diamond jewelry Industry.

If you look at the bigger picture in long run you will find that 2008 slowdown brought many good changes:
* Manufacturers now work as per actual demand of the market, there is reduction in the unnecessary inventory and working capital.
* When businesses started to lose profits and started incurring losses, they analysed each and everything they do. This disclosed many opportunities for improvement.

Recession got reed of all the money wasting unfit business model and opened the ways for more efficient practices. Only the fittest of fit will survive the game.

Where do you see Indian diamond market in the whole world?
Indian diamond industry is leading in whole diamond world according to me and it is due to perseverance and hard work.

If you get to change one thing in Diamond Industry – what will that be?
I cannot think of anything and feel industry is full of enterprising people. It will sustain the growth and make changes as per market situation. We only look for big changes, however, changes often happens slowly over a period of time.

To move forward in businesses, rather than looking for the next big events in future, consider what gradual changes have happened in our environment but have not yet had the full impact. Then make plans for redirecting your business strategy based on those changes.

Can you think of any changes we will see in next few years in our industry ?
Diamond market is getting more saturated. Personally I see Diamond Manufacturing related businesses getting more stronger and Diamond trading activities will keep getting tougher.

Lets say all the companies in India Diamond market get listed on stock market and you are given some amount to invest. Which companies would you put money in?
I like investing in Stock market. However at this point of time I don’t think I will put money in any Diamond market companies.

Do you want to give any message to diamondbhai.com readers?
I don’t want to give any message. A good learner finds and picks up good things form what comes in front of him.

 

How did you start yours career in diamond industry?

I started working in Diamond industry in 1996. Started as Diamond Grader in company named ‘P D Kothari’. Got acquainted with basic knowledge of diamonds. Over period of time learned and played various including Diamond Assorting, Trading, Sales. Other companies I have worked with are Munjani Brother’s, Amipi Inc.  and few other manufacturing companies.

Presently I work in sales with Kapugems (Diamond Manufacturer). Working in sales requires one to be well informed about product and industry.

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