Malabar Gold & Diamonds launches its 400th showroom

Doha, Qatar: Malabar Gold Diamonds, the 5th largest jewellery retailer globally, celebrates a major global milestone with the launch of its 400th sh...

Doha, Qatar: Malabar Gold & Diamonds, the 5th largest jewellery retailer globally, celebrates a major global milestone with the launch of its 400th showroom.  

The showroom was inaugurated by M.P. Ahammad, Chairman, Malabar Group, in the presence of O. Asher, Managing Director – India Operations; K.P. Veerankutty, Group Executive Director; Salish Mathew, Group Chief Marketing Officer; P.K. Siraj, Head – Retail Operations (Rest of India); N.K. Jishad, Regional Head – North; and other senior management team members, customers & well-wishers.

This landmark expansion was marked by the opening of a new showroom at Noida, India, reinforcing the brand’s rapid global expansion.

The launch of Malabar’s 400th showroom is part of a broader, ambitious growth strategy aimed at deepening Malabar’s presence across India and globally. With a current turnover of USD 7.36 Billion and presence in 13 countries, the brand is targeting an exponential increase in revenue to $9bn and to open 60 showrooms expanding its presence to 15 countries and 22 States and 3 Union Territories India in the current FY.

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.