Kolkata, 25 June 2025: Malabar Gold & Diamonds, one of the world’s largest jewellery retailers, has reached a remarkable milestone with the launch of its 400th showroom, inaugurated in Sector 18, Noida. This milestone is part of the group’s aggressive global expansion strategy, which aims to significantly increase its turnover to over $9 billion (INR 78,000 crore) in the current financial year.
The group currently boasts a turnover of INR 63,000 crore and a footprint in 13 countries. Its ambitious roadmap includes opening 60 new showrooms, expanding its presence to 15 countries, and strengthening its network across 22 Indian states and 3 Union Territories. A substantial investment of over INR 5,000 crore has been earmarked to support this growth.
Malabar’s expansion drive is also focused on job creation, with plans to grow its global workforce to nearly 27,250 professionals, generating an additional 3,500 direct employment opportunities.
Speaking on the occasion, Mr. M.P. Ahammed, Chairman, Malabar Group, said, “The 400th showroom is a significant milestone in our journey to become the No. 1 global jewellery retailer. I express my heartfelt gratitude to our customers, team members, shareholders, and stakeholders for their unwavering support. Our growth is anchored in transparency, ethical practices, and customer-centric innovation.”
Mr. Abdul Salam KP, Vice-Chairman, added, “We are committed to transforming the jewellery shopping experience with the highest standards of quality and ethics. Our robust operations are supported by strong collaborations with trade bodies, financial institutions, and regulators to ensure trust and compliance.”
Mr. Asher O, Managing Director – India Operations, noted that India remains Malabar’s strongest market. “We’re expanding aggressively across existing and new territories and aim to establish a presence in 22 states and 3 Union Territories by the end of this fiscal year.”
Mr. Shamlal Ahamed, Managing Director – International Operations, revealed that the brand is set to enter new global markets including New Zealand and Ireland, growing its international presence to 15 countries.
With a global team of over 25,000 professionals and 15 million customers served annually, Malabar Gold & Diamonds offers more than 100,000 jewellery designs, combining Indian craftsmanship with global design sensibilities.
Strong ESG Commitment
Malabar Group continues to lead with its ESG (Environmental, Social & Governance) commitments, allocating 5% of net profits toward impactful initiatives in every country of operation. Its flagship programs include:
Hunger Free World: Launched in 2022, this initiative serves 70,000 nutritious meals daily across 81 locations in India and Africa.
Micro Learning Centres: 716 centres have been set up across India, helping over 32,000 underprivileged children transition into formal education.
Women Empowerment: Additional support and scholarships are provided to girl students.
‘Grandma Home’ Shelters: Currently active in Bengaluru and Hyderabad, with plans for expansion to Kerala, Chennai, Kolkata, Delhi, and Mumbai.
About Malabar Gold & Diamonds
Founded in 1993, Malabar Gold & Diamonds is the flagship company of the diversified Malabar Group. Ranked as the world’s 5th largest jewellery retailer, it operates 400 showrooms across 13 countries including the Middle East, Far East, the USA, UK, Canada, and Australia. Backed by over 4,000 shareholders and professionals from 26 nationalities, the group also operates a successful e-commerce platform: www.malabargoldanddiamonds.com.
Driven by its “Malabar Promises” of transparent pricing, certified products, and lifelong service, the group is poised to redefine the future of jewellery retail through responsible business practices and customer-first innovation.
