Page 32 - Bullion World Volume 3 Issue 10 October 2023
P. 32
Bullion World | Volume 3 | Issue 10 | October 2023
Commenting on the inauguration Diamonds’ national operational base “Our continued efforts to project the
of M-NH, Shri M.P Ahammed, in Mumbai is a strong testimony to country's unparalleled craftsmanship
Chairman, Malabar Group said, the state’s conducive environment for to the domestic market and to the
“As we celebrate 30 glorious years investment and favourable business world are delivering the desired
of our journey, the opening of ecosystem”, commented Shri results. Our recent foray into
Malabar National Hub is a proud Devendra Fadnavis, Hon'ble Deputy Europe with the launch of our first
moment and a significant landmark Chief Minister of Maharashtra. “With showroom in the UK at London, as
for us. It will further fuel our global the brand’s well-documented tradition well as the setting up of Malabar
growth aspiration and lay the of transforming jewellery trade, International Hub (MIH) in Dubai,
foundation for the next phase of providing employment opportunities, UAE are significant milestones in our
growth. The consolidation of all and championing social causes, I am mission, 'Make in India, Market to the
our key functionalities at M-NH will confident that Malabar National Hub World'. M-NH will drive that mission
enhance efficiency and streamline will be a key proponent of our state’s and accelerate our global digital
management, as we focus on development, further enriching our transformation efforts, including the
further growing our network of legacy in the global diamond and implementation of Omni channel
more than 190 retail showrooms gold trade”, he added. operations, digital gold, and the
across the country. I would like to endless aisle concept. M-NH will
take the opportunity to thank our “M-NH will play a pivotal role in play an enabling role in realising our
loyal customers, shareholders, spreading the famed jewellery ambitious growth plans" said Shri
associates, and employees for their craftsmanship of our country both Abdul Salam K.P., Vice Chairman,
whole-hearted support. We would in the domestic and global markets. Malabar Group.
like to express our gratitude to Mr. India is our biggest market, our aim
Devendra Fadnavis, Hon'ble Deputy is to strengthen our retail presence In strict adherence to Malabar Gold
Chief Minister of Maharashtra, for in existing regions and expand into & Diamonds’ commitment towards
his support in developing M-NH and new territories including Rajasthan, ESG (Environmental, Social &
gracing the event with his august Puducherry, Uttarakhand, Jharkhand, Governance) guidelines, various
presence. We also would like to thank Goa, Assam, Tripura, and Jammu environmental and sustainable
the Government of Maharashtra for and Kashmir. Mumbai's strategic initiatives have been incorporated in
their continuing support in helping us edge will help us further drive growth the building’s designs and the facility
in setting up M-NH and serving the in India," said Shri Asher O, Managing is in the process of getting its LEED
customers in Maharashtra." Director – India Operations, Malabar GOLD certification.
“The opening of Malabar Gold & Gold & Diamonds.
About Malabar Gold & Diamonds
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading
diversified Indian business conglomerate. With an annual turnover of $5.2 billion, the company currently ranks
as the 6th largest jewellery retailer globally and today has a strong retail network of over 330 outlets spread
across 11 countries in addition to multiple offices, design centres, procurement centres and factories spread
across India, Middle East, Far East, the USA & the UK. The group, owned by more than 4,000 shareholders, has
more than 21,000 employees from over 26 countries working towards its continued success. Malabar Gold &
Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity
to purchase their favourite jewellery at any time and on any day from the comfort of their homes. The group also
operates MGD – Lifestyle Jewellery, a retail concept offering trendy and lightweight jewellery that represents
the independent and the modern woman through its designs and collections. ESG (Environmental, Social &
Governance) has been the primary commitment of the group since its inception. The key ESG focus areas of
Malabar Group are Health, Housing, Hunger Free World, Education, Environment, and Women empowerment.
Integrating the principles of responsibility and sustainability into its core business, Malabar Group periodically
strengthens its ESG goals to remain a socially conscious and responsible organization. The group contributes 5%
of its profit to such initiatives in the same country of operation.
32