Kolkata, 25 June 2025: Malabar Gold & Diamonds, one of
world’s largest jewellery retailer, proudly celebrates a major global milestone
with the launch of its 400th showroom.
This landmark expansion was marked by the opening of a new showroom at sector
18, Noida, reinforcing the brand’s rapid global expansion.
The
launch of Malabar’s 400th showroom is part of a broader, ambitious growth
strategy aimed at deepening Malabar’s presence across India and globally. With
a current turnover of ₹63,000 crore and presence in 13 countries, the brand is
targeting an exponential increase in revenue to INR 78,000 crores and to open
60 showrooms expanding its presence to 15 countries and 22 States and 3 Union
Territories India in the current FY.
As
Malabar scales its retail footprint, it remains committed to generating
employment, with plans to expand its global workforce to nearly 27,250
management team members: further solidifying its status as one of the world’s
most trusted and responsible jewellery brands.
Mr. M.P. Ahammed, Chairman of
Malabar Group, stated, “We
are thrilled to mark the opening of our 400th showroom in Noida. This milestone
is a testament to our growth ambitions and marks a significant step in our
ever-expanding footprint across India and globally in the journey to be the No:
1 global jewellery retailer. I would like to convey my sincere gratitude to all
our customers, management team members, shareholders and other stakeholders for
their contributions in making this occasion truly significant. We have a
comprehensive business strategy in place targeting expanding with 60 new
showrooms and manufacturing units, aiming for a turnover of INR 78,000 crores
in the current financial year, and committing an investment of over INR 5,000
crores to drive growth.”
‘We
remain committed to redefining the jewellery shopping experience in a
responsible and ethical manner while ensuring the utmost care and protection
for our customers and their interests with every purchase. Our expansion will
create additional 3,500 direct employment opportunities, in addition to
supporting the large jewellery manufacturing ecosystem. Our operations are
built on a foundation of complete transparency and strict compliance in
addition to collaborating with` trade bodies, financial houses, government
regulators to make sure that our global operations are robust, trustworthy, and
beyond reproach.” commented Mr. Abdul
Salam KP, Vice-Chairman of Malabar Group.
Adding
to this, Mr. Asher O, Managing Director
– India Operations, Malabar Gold & Diamonds, said, “Malabar Gold &
Diamonds is making great strides across India, which remains our biggest market
and opportunity, and we have clear plans in place to continue the growth
momentum. We will be strengthening our presence within existing and new states
and union territories reaching a total of 22 States and 3 Union Territories by
end of this financial year.
‘’We
are the largest jewellery retailer crafting, promoting, and selling jewellery
that is an intersection of Indian art, culture, heritage, and tradition to a
global audience across 13 countries and an ambitious expansion plan is in place
which involves strengthening their retail presence in existing regions with
more showroom launches, as well as charting expansion into new countries such
as New Zealand and Ireland in the current financial year increasing our total
presence into 15 countries.” commented Mr.
Shamlal Ahamed, Managing Director – International Operations, Malabar Gold
& Diamonds.
No comments:
Post a Comment