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
   27   28   29   30   31   32   33   34   35   36   37