31st May 2022: Malabar Gold & Diamonds inaugurates new showrooms in Mukkam, Kerala and Chandrasekharpur, Bhubaneswar Odisha.
Malabar Gold & Diamonds, one of the largest jewellery retailers globally with a strong retail network of over 285 outlets across 10 countries, inaugurated its’ new showrooms in Mukkam, Calicut, Kerala and Chandrasekharpur, Bhubaneswar, Odisha. The Mukkam showroom was inaugurated by Panakkad Sayyid Sadiq Ali Shihab Thangal, Kerala state president of the Indian Union Muslim League. Mr. M P Ahammed (Malabar Group Chairman), Mr. Abdul Salam KP (Vice Chairman – Malabar Group), Mr. Shamlal Ahamed (Managing Director – International Operations, Malabar Gold & Diamonds), Mr. O Asher (Managing Director – India Operations, Malabar Gold & Diamonds), senior management officials and well-wishers were also present at the event.
The new showroom at Chandrasekharpur was inaugurated by Indian Film actor Shri Sabyasachi Mishra, Mrs. Sulochana Das (Mayor of Bhubaneswar), Mr. Susant Rout, MLA (North Bhubaneswar), Mr. Anant Narayan Jena, MLA (Central Bhubaneswar) and Mrs. Preetinanda Routray, Corporator, BMC in the presence of senior management officials and other dignitaries. The store spanning 6500 sq. ft, located near Chandrasekharpur Police Station, Bhubaneswar, provides the largest design variety as well as fair prices for jewellery with reasonable making charges.
Malabar Group chairman Mr. MP Ahammed said, ” We are delighted to launch our newest stores, one being in my hometown Calicut and the other in Odisha at Chandrasekharpur. With every new store launch, we aim to be more accessible to our customers and cater to their every need. Our stores will provide customers with a world-class shopping experience, superior craftsmanship and a wide variety of designs suitable for every occasion. Our goal is to become the leading jewellery retail brand in the world in terms of both showroom count and sales.”
The most distinguishing aspect of the new stores is the availability of the widest range of jewellery designs across bridal, party wear, and daily wear collections, with a particular focus on craftsmanship. An impressive array of lightweight designs as well as an extensive range of studded and precious jewellery are also on display at this showroom. With a strong retail network of 285+ stores across 10 countries, Malabar Gold and Diamonds has been rapidly expanding across markets. As part of the group’s CSR initiative, Malabar Gold & Diamonds allocates 5% of the profit earned by these showrooms for various charitable and philanthropic activities in the respective regions.
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 285 outlets spread across 10 countries in addition to multiple offices, design centers, wholesale units and factories spread across India, Middle East, Far East & USA. With an annual turnover of $4.51 billion, the company currently ranks one among the largest jewellery retailers globally.
With 14 manufacturing units in India and GCC – the company currently has 12 exclusive jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala and branches across India, Middle East, Far East and USA, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
Malabar Group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
The group, owned by over 4,000 shareholders excels in quality products and services, has more than 13,000 professionals from over 26 countries working for its continued success.
Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry at any time and on any day from the comfort of their homes.
CSR has been the primary commitment of the group since its inception; integrating ESG (Environmental, Social & Governance) principles into the core business. The key CSR focus areas of Malabar Group are Health, Education, Women Empowerment, Housing, and the Environment. The ESG goals of the organization are periodically strengthened by integrating responsibility and sustainability to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.