Is this the world’s most generous boss?

Most employees would be happy when their bosses bring cakes to the office or let them off 15 minutes early on a Friday.

However, one Indian businessman has put employers the world over to shame, by buying a total of 500 Fiat Puntos for his workforce.

Savjibhai Dholakia, chairman of diamond firm Hari Krishna Exports, wanted to do something special for his workers, to mark the start of Diwali, an ancient Hindu festival that celebrates goodwill.

Fiat Punto, new apartment or diamonds?

As a result, he offered 1,268 of his employees rewards for their hard work, giving them a choice of either a new Fiat, a new apartment or diamond jewellery.

Around 500 employees opted for a new car, while 207 got new apartments and a further 570 asked for diamond jewellery in the odd display of corporate altruism, which totalled £5m.

A primary school dropout with no formal qualifications or education, Mr Dholakia formed the Hari Krishna Exports company in 1991, which takes raw diamonds and repurposes them for sale.

He said: “It’s a refund of sorts to those who have stayed with us, helped improve our products and grown with the Hari Krishna family.

“I am merely giving back, I know what it is like to have needs. When a worker is happy, he can do anything at all for you.”

It’s not just workers who are happy with the Punto, either. In fact, the Italian supermini counts stars like Daniel Radcliffe and electro-duo Faithless amongst its fans.

Available with three- or five-doors, the Fiat Punto also comes with a range of frugal and low-emissions engines, making the Fiat range one of the most economical in Europe.

As well as that, Fiat announced that a new special edition of the Punto, the Jet Black 2, would be released earlier in May this year.

With a range of new and upgraded features, including slick new styling and a metallic black paintjob, the Jet Black 2 also comes with 17-inch alloys, a matching rear spoiler and sports suspension.

Powered by a 1.4-litre petrol engine, the Fiat supermini comes with stop-start technology as standard, meaning that it can return 49.6mpg with 132g/km of CO2.

Priced from £9,995 for the standard model and £12,000 for the Jet Black 2, the Fiat Punto is available to buy today. Or you could always try asking your boss for one…