ianscyberspace posted: " Photo by Spora Weddings on Pexels.com Planning for the Future Gopal sat the Patel young men down and reviewed their progress at school noting as he did, he'd invested well in them. They were both gaining top grades in their schoolwork and expecte"
Gopal sat the Patel young men down and reviewed their progress at school noting as he did, he'd invested well in them. They were both gaining top grades in their schoolwork and expected to graduate in their respective years of graduation with honors. He asked a lot of questions about their philosophy in life, honor for traditional values and ambitions as to what line of career each was hoping for. He was very satisfied with their answers and knew from personal observations these were well motivated, honest, and decent young men. He felt safe in investing further in these young men by offering them permanent employment. Another generation of Patel's would serve the coming generation of Desai's and he knew his own children were on friendly terms with the family. He then outlined his plans for them. If they were willing to take some of the pressure off their father in his work and still retain their high grades at school, they'd be guaranteed jobs at a responsible level serving Desai interests. He then concluded by asking if they were interested in this proposal.
The boys rushed home to report on Gopal's offer and the family rejoiced together that evening. Iditri then sat with his sons working out how some of his load could be delegated while they were finishing their school year. He now felt he could look forward to some relief within a couple of months so would shoulder the heavy responsibilities himself for a little bit longer in counsel with his doctor.
Months had gone by and Sanam and Prerit were now being mentored by their father into more responsibilities as they learned the construction business. The two towers were beginning to take shape as modern apartment buildings with cladding in place and pressure was being bought to bear on contractors who were charged with the finishing and outfitting of each apartment. Substantial deposits were already placed to reserve each apartment with only a few remaining to be reserved. Those deposits were held in trust by the legal firm retained to represent Desai interests and Gopal was anxious to have the two towers finished and cleared after government inspections had been made to approve final occupancy. Only when that had been completed could final legal rent agreements be bought up and signed and the deposit money turned over to Desai to put to work for him gaining bank interest while he investigated future investments. He'd form a new corporation to manage the real estate side of family interests as a family-owned entity. Bank accounts would be separate from his other business interests to manage deposits held in trust for apartment residents and the monthly rental income flow.
Chandresh the eldest son of Gopal was now in Belgium working with a diamond merchant firm as a favor from a supplier to Gopal's Krishna Diamonds company. He was being mentored by this merchant in assessing the quality of diamonds and was not paid for his work by this firm but relied on Gopal to send him a regular allowance to cover his accommodation and living expenses. Chandresh would by virtue of his position as first-born son take over the prestigious precious stone cutting and polishing industry when Gopal decided it was time. In the meantime, he'd be appointed as general manager under guidance from his father to see how he handled the job on his return from Belgium.
Bearing in mind Kamini had tried to create dissension between the twin brothers long ago, when she suggested Ambaresh would no longer have status despite the fact he was a twin. Gopal had been thinking about this for some time in case this seed of evil jealousy had been planted in Ambaresh's mind. Gopal would put Ambaresh in charge of the company set aside to serve the rental properties under the mentorship of his trusted personal assistant Iditri. He needed a suitable name for this venture. Perhaps Krishna Estates?
He'd also set up a holding company and was considering the name Krishna Holdings with himself as the president and the governing body consisting of his family members and close relatives who occupied responsible positions in the original company dealing with precious stones. If he decided to set up other businesses unrelated to these two streams of income in future these could be sheltered under another company structure within the overall control of the holding company to be formed.
Gopal realized the world was changing rapidly with scientific knowledge giving openings for non-traditional methods of satisfying the market for precious stones.
For example, in laboratories now synthetic diamonds were being produced under the same conditions that had produced diamonds extracted from the earth heat and pressure on pure carbon. The chemical structure was identical with those extracted from the earth so in that sense the product was natural. The so-called synthetics could be produced thirty percent cheaper than those extracted from the earth and the country producing quality synthetics the cheapest would corner markets in future leaving only those in the market prepared to pay enormous cost to buy the originals mined from the earth.
Similarly, earth opals once a lucrative market were now produced synthetically in Hong Kong at cut rates seriously impacting and rearranging traditional markets and production centers. His precious stone processing factory was still profitable but what about the future. It was imperative the family spread their investments in case one business venture became unprofitable and it would be compensated for by growth in another unrelated industry. Gopal was a strategic thinker. and his dependent extended family were glad to have him as head of the family.
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