Malabar Gold & Diamonds continues expansion spree with 2 new stores in Express Avenue Mall, Chennai and Hazratganj, Lucknow, India
- Part of the brand’s expansion plan to launch 56 stores globally in the FY21-22
Malabar Gold & Diamonds, one among the largest jewellery retailers globally with a strong retail network of over 260 outlets spread across 10 countries, inaugurated 2 new showroomsinExpress Avenue Mall, Chennai and Hazratganj, Lucknow, India.This is part of the brand’s expansion plan to launch 56 stores globally, 40 across India and 16 internationally in the FY21-22 to further boost its retail presence across the country, with an overall investment of USD 220 Million and generation of 5000 new jobs.
The new showroom of Malabar Gold & Diamonds in Chennai is located in Express Avenue Mall, a popular shopping destination, and is the 4th showroom of the brand in the city and 17th in Tamil Nadu. The spacious flagship showroom at Hazratganj is the second Malabar Gold & Diamonds store in Lucknow. It is also the group’s 5thstore in Uttar Pradesh, bringing the number of showrooms in the northern region to 13.
Both the showrooms were virtually inaugurated by Mr. M.P. Ahammed, Chairman, Malabar Group in the presence of key Malabar Gold & Diamonds dignitaries including Dr. P.A. Ibrahim Haji, Co-Chairman, Malabar Group; Mr. K.P. Abdul Salam, Vice Chairman, Malabar Group; Mr. O Asher, Managing Director, India Operations; Mr. ShamlalAhammed, Managing Director, International Operations, Mr. C. MayinKutty and Mr. K.P. VeeranKutty, Executive Directors, management team members and well-wishers.
Located at Shahnajaf Road, one of the prime shopping destinations of the city, the chief guest of the event Mr. Brajesh Pathak, Minister of Law and justice, Uttar Pradesh opened the Hazratganjstore to customers, after the virtual inauguration.
Spread across an area of 6000 sq ft and 2200 sq. ft respectively, the Hazratganjand Chennai showrooms offer a wonderful jewellery buying experience as well as customer convenience by adhering to global standards with trained staff, personalized services, parking facilities, etc. Both the showrooms exhibit an unparalleled range of bridal, daily wear and lightweight jewellery in gold, diamond and precious stones keeping in mind the sensibilities of the people of the city.
The Hazratganj showroom also displays an exclusive selection of Kundan and Polki collections inspired by the city’s exquisite cultural heritage, with an exclusive lounge for bridal jewellery for discerning brides and offering personalized services. The staff is 100% vaccinated and trained to offer a safe and convenient shopping experienceto the customers.
‘The newly inauguratedLucknow and Chennai showrooms are located in prominent shopping destinations of the city, attracting serious buyers. We have gone the extra mile to reflect the royal finesse at our Hazratganj showroom through our in-store ambience and product variety, said M.P Ahammed, Chairman, Malabar Group. The expansion is a part of our strategy to emerge as the number one responsible jewellery retail brand in the world with respect to both showroom count and turnover. We are moving ahead with the goal of opening a new showroom every week, he added.
Malabar Group commits 5% percentage of its profit to support socially responsible purposes both in India and abroad, since its inception in 1993. Education, health, women empowerment, affordable housing and environmental protection are the focus areas for the Group.
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 260 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East & USA. With an annual turnover of $4.51 billion, the company currently ranks one among the largest jewellery retailers globally.
With 14 cluster manufacturing units in India and GCC – the company currently has 12 jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala and branches across India, Middle East, Far East and USA, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.
The group, owned by over 4,000 shareholders excels in quality products and services, has more than 13,000 professionals working for its continued success.
Malabar Gold & Diamonds also features an online store http://www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry any time and on any day from the comfort of their home.
The group is always proactive when it comes to CSR initiatives right from its inception. The key focus areas of the CSR initiatives of Malabar Group are in the areas of Health, Education, Women Empowerment, Housing and Environment. The organization has kept aside 5% of its profit for enabling CSR activities in all the regions that they operate.