Malabar Gold & Diamonds crosses 400 showrooms globally...

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.

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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 USD 9 Billion in the current financial year, and committing an investment of over USD 600 Million 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.

"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 our 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.