Malabar Gold & Diamonds is set to open 12 new showrooms by March 2025, expanding its global presence to 391 showrooms across 13 countries. These showrooms will be located in cities like Mumbai, Pune, Odisha, Jharkhand, Karnataka, Andhra Pradesh, and Uttar Pradesh. This expansion is backed by a USD 69 million investment and has created 406 new jobs this financial year.
The company also plans to launch 60 more showrooms in 2025 and expand into international markets, including the GCC, UK, and Canada. The brand has launched a consumer campaign with actor NTR Jr., emphasising sustainable practices and certified jewellery.
Chairman MP Ahammad highlighted the company’s vision to become the world’s top jewellery brand, focusing on ethical business practices and customer satisfaction. Malabar Gold & Diamonds operates 10 factories across India and 5 internationally, ensuring high-quality craftsmanship and innovation.
The company’s global presence spans the UAE, Qatar, Kuwait, Saudi Arabia, Bahrain, Singapore, Malaysia, USA, UK, Canada, and Australia, employing over 25,000 professionals. Malabar Group also invests in CSR initiatives, including the 'Hunger Free World' project, providing meals to 60,000 people daily, and establishing 581 learning centres for street children across India.
Founded in 1993, Malabar Gold & Diamonds has a turnover of $6.2 billion and operates a global network of over 380 outlets. The company integrates ESG values, focusing on health, education, environment, and women’s empowerment, contributing 5% of profits to such initiatives.
