Malabar Gold & Diamonds, one of the world’s largest jewellery retailers, has reached a major milestone with the launch of its 400th showroom at Sector 18, Noida. This landmark marks a significant step in the brand’s ambitious global and domestic expansion plans.
With a current turnover of Rs 63,000 crore and presence in 13 countries, Malabar Gold & Diamonds now aims to increase its revenue to Rs 78,000 crore this financial year. The brand plans to open 60 new showrooms across India and internationally, expanding to 15 countries and covering 22 States and 3 Union Territories in India.
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.”
“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,” commented Abdul Salam KP, Vice-Chairman of Malabar Group.
Adding to this, 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 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,” said Shamlal Ahamed, Managing Director – India Operations, Malabar Gold & Diamonds.
The group has also committed an investment of over ₹5,000 crore to fuel this expansion and plans to create 3,500 new direct employment opportunities, taking its total workforce to around 27,250 globally.
Malabar Gold & Diamonds currently serves over 15 million customers annually, offering more than 1,00,000 jewellery designs across its collections. The brand’s “Malabar Promises” include 100% value on exchange, certified diamonds and gemstones, and transparent pricing.
Staying committed to ESG (Environmental, Social & Governance) initiatives, the group sets aside 5% of its net profits for social causes. Its “Hunger Free World” initiative currently serves around 70,000 meals daily across 81 locations, and 716 micro learning centres have helped over 32,000 children begin or return to school. Other programs include the “Grandma Home” for destitute women, currently operational in Bengaluru and Hyderabad, with more locations planned.
Established in 1993, Malabar Gold & Diamonds is the flagship company of the Malabar Group and is currently the world’s 5th largest jewellery retailer.
