Malabar Gold & Diamonds to Make History by Opening 11 Showrooms in 6 Countries in a Day

DELHI, MUMBAI and HYDERABAD, India, January 10, 2018 /PRNewswire/ --

To Cross Milestone of 200 Showrooms Globally  

Malabar Gold & Diamonds, one among the world's largest five jewellery retail chains, is fast expanding its global footprint by adding 11 new showrooms across six countries. The 11 showrooms will be inaugurated in a single day on January 12th. The opening of new showrooms will take the total retail network of the jeweller to 208. This is the first time that an Indian jewellery retail chain will be opening such a large number of showrooms, spread across six nations in a single day.

     (Logo: http://mma.prnewswire.com/media/458137/MALABAR_Logo.jpg )

     (Photo: http://mma.prnewswire.com/media/626920/Malabar_Gold.jpg )

The Group will open showrooms in a string of malls in the UAE such as Al Khail Mall, Al Hazana Lulu Mall, Al Buhaira Lulu Mall, Sahara Centre, Ajman City Centre, Mall of Qatar in Qatar, Lagoona Mall, Muscat City Centre in Oman, AMK Hub in Singapore, Ampang Mall in Malaysia, and Warangal in Telangana, India.

Currently, Malabar Gold has 197 showrooms of which 90 showrooms are in India and the other 107 showrooms abroad. The rapid expansion of showrooms across geographies is part of the Group's strategy to fast expand its global footprint. In 2017 alone, Malabar Group opened 27 showrooms across nations.

"We are getting wide acceptance in the global market place. This is the major reason we are expanding our global presence," said Malabar Group Chairman MP Ahammed. "Our core business values such as adherence to transparency, honesty and quality along with our value added services, product designs that are suited to every class of customers' taste, cutting across age groups are the key factors that give us global acceptance," he said. "In 2018, we will be opening more showrooms as well as manufacturing units. This will fuel our vision to become the top jewellery retailer in the world," he added.

As part of its global expansion plans, Malabar Gold will be opening another 50 showrooms this year in different formats in various countries. "We will be expanding into new horizons, marking our presence in countries such as the U.S., Sri Lanka, Brunei, and Bangladesh," said Malabar Gold Managing Director of International Operations, Shamlal Ahammed. It has decided to organize a grand ceremony at Al Hazana in Sharjah to celebrate crossing the milestone of 200 showrooms globally.

The upcoming showrooms of the group are at Mannarkad (Kerala), Abbasiya (Kuwait), Himayat Nagar (Hyderabad), Kondapur (Hyderabad), Mall of Travancore (Kerala), Noida (UP), South Extension (Delhi), Vashi (Mumbai), Ludhiana (Punjab), Surat & Rajkot (Gujarat) and Karim Nagar (Telangana). In India, the company currently operates manufacturing units in Kerala, Tamil Nadu, Karnataka, Telangana, Maharashtra, Bengal and countries abroad include Saudi Arabia, Qatar and UAE.

"The group is planning to set up more showrooms as well as manufacturing units in the country, eventually generating more employment opportunities and enhancing initiatives like 'Make in India' being implemented by the Government of India," said O Asher, Managing Director, India Operations, Malabar Gold & Diamonds.

The Group has earmarked five percent of its annual profit for CSR activities in five key areas such as housing, health, environment, women empowerment and education.

About Malabar Gold & Diamonds:

Malabar Gold & Diamonds is part of the Rs 30,000 crore Malabar Group of companies with interest in diversified businesses including real estate. Incorporated in 1993 as a single shop retail outlet, Malabar Gold & Diamonds has fast became a leader in the jewellery business with showrooms spread across India, and GCC nations like UAE, Oman, Qatar, Kuwait and Saudi Arabia among others.  

Malabar Gold offers a wide array of gold and diamond jewellery collection in its 208 showrooms spread across India and abroad. The gold and diamonds jewellery retailer caters to the demand and taste of all customers cutting across age groups. Malabar Gold has everything for every one with its wide array of daily wear, casual wear; and party wear collections.  

Media Contact:
Siddhanth Nair
siddhanth@p4c.in
+91-9004380023
Passion 4 Communication

SOURCE Malabar Gold & Diamonds



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