Malabar Gold & Diamonds has achieved a remarkable milestone, boasting an annual retail global turnover exceeding Rs 51,218 Crore Indian Rupees in the previous fiscal year. This achievement cements the brand’s position as a powerhouse in the global jewellery market.
Originating from Kerala, Malabar Gold & Diamonds has swiftly ascended the ranks, now standing as the world’s sixth-largest jewellery group and the 19th-ranked luxury brand globally, according to Deloitte’s rankings. With a strategic vision in mind, the company is poised for ambitious expansion, eyeing new markets in New Zealand, Egypt, Bangladesh, and Europe, with plans to unfurl 100 new stores within the next year.Fueling this growth trajectory is a plan to hire an additional 7,000 employees, amplifying the workforce to 28,000. This expansion isn’t confined to international borders; Malabar Gold & Diamonds is also set to venture into untapped territories within India, including Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir.
In tandem with its commercial success, Malabar Gold & Diamonds remains steadfast in its commitment to social responsibility. With over 234 Crore Indian Rupees allocated to Corporate Social Responsibility initiatives, the company is making substantial contributions in education, healthcare, environment, housing, and women empowerment.Chairman MP Ahammed reiterated the company’s dedication to ethical practices, stating, “Maintaining our position as a Responsible Jeweller is our utmost responsibility. This commitment has earned us the trust and loyalty of our customers.”
