A video of the distribution has gone viral on social media. The cash, placed neatly on a silver-toned plate, included ₹10, ₹20, ₹50, ₹100, ₹200 and ₹500 notes.
The sheer amount of cash on the tray left the employees stunned. Their surprise soon turned into happiness, with some employees becoming emotional as Munde began handing out the bonuses.
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His family members were also present during the distribution.Why the trader gave such a large bonus
Speaking to Aaj Tak over the phone, Munde said the gesture came from his own experience of growing up in poverty and understanding the financial difficulties families face, particularly during festivals.
He said his employees were not merely people working at his shop but an extension of his family.
Having been in the textile business for several years, Munde said he understood how much his staff's hard work and dedication throughout the year contributed to the success of his business.
The trader said he wanted every employee to have enough money to take care of their family's festive purchases and celebrate Diwali with a genuine smile.
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He added that he decided to give each of them over ₹1 lakh in cash, without worrying about the expense or making a show of the gesture.
The video has since been widely shared on social media, with many people praising the businessman's generosity and the way he chose to reward his employees ahead of Diwali.