Malabar Gold & Diamonds the world’s sixth-largest jewellery group and the 19th-ranked brand in Deloitte’s Global Ranking of Luxury Products, announces a milestone achievement with an annual retail global turnover of Rs 51,218 Crore Indian Rupees in the last financial year. This remarkable growth underscores Malabar Gold & Diamonds’ rapid ascent as a trusted jewellery brand worldwide.
Malabar Gold & Diamonds, based in Kerala, has achieved significant success in the global jewellery industry in just three decades. The brand plans to expand its retail presence to India and overseas markets, with plans to open new stores in New Zealand, Egypt, Bangladesh, and Europe. Malabar plans to expand its presence in US, Canada, UK, and Australia, opening 100 new stores next year. The company plans to hire 7,000 more employees, bringing its workforce to 28,000. Malabar’s diverse workforce, representing 26 countries and languages, offers a dynamic and inclusive work environment.
The company plans to expand into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir. 234 crore Indian Rupees have been spent on Malabar Group’s CSR initiatives. MP Ahammed, Chairman, of Malabar Group, said, “We remain dedicated to sourcing responsibly mined materials and contributing positively to the communities we serve.”
