Malabar Group Expands Offline Presence, Opens Studio in Kerala

Malabar Group has opened its modern integrated complex consisting jewelry manufacturing unit and design studio at Kakkancherry, Kerala. Shri Pinarayi Vijayan, Hon’ble Chief Minister of Kerala, formally inaugurated the state-of-the-art complex set up at the cost of Rs 250 crore.

Indian Union Muslim League (IUML) president Panakkad Sayyid Sadiq Ali Shihab Thangal presided over the function. Honourable Kerala PWD-Tourism Minister Shri Muhammed Riyas launched the new CSR website of the Group. Sports and Minorities Welfare Minister Shri V Abdurahiman inaugurated the cheque distribution of the social service scheme. Former Industries Minister and the Deputy Leader of the Opposition Shri P K Kunhalikutty, Dr. Abdussamad Samadani, M.P, Shri T V Ibrahim, M.L.A, CPI (M) Malappuram district secretary Shri E N Mohandas, Malappuram DCC president Shri V S Joy, Malappaurm district president of BJP Shri Ravi Thelath and CPI Malappuram district secretary Shri P K Krishnadas offered felicitations at the event. 

Malabar Group Chairman M P Ahammed, Vice Chairman K P Abdulsalam, Malabar Gold and Diamonds MD (India Operations) O Asher, Group Executive Directors K P Veerankutty, A K Nishad, Corporate Heads R Abdul Jaleel, V S Shareej, V S Shafiq, SCM head N V Abdul Kareem, senior political leaders and senior officials from different departments were also among those who were present at the function.

Located at Kinfra Park, Kakkancherry in Malappuram district, the integrated jewelry unit has been set up at a sprawling area of 1.75 lakh sq. ft with an investment of Rs.250 crore. The unit is equipped with the latest technologies and facilities to ensure enhanced design and manufacturing output. The integrated facility also boasts of innovative modern technology to maintain zero-level of pollution and environmental sustainability.

Around 600 people are currently employed in different divisions of the Kakkancherry facility. Once fully operational, the facility will offer employment to 1000 people including 250 women professionals. The facility has secured all necessary approvals from the concerned agencies including the State Pollution Control Board. It has also been certified by the National Environmental Engineering Research Institute (NEERI) of the Government of India.

The launch of the Kakkancherry facility marks the beginning of the year-long celebration of the 30th anniversary of the Malabar Group which was set up in Kozhikode by a group of visionary entrepreneurs and went on to become one of the largest jewelry chains in the world.

M P Ahammed, Chairman, Malabar Group said, "In line with the vision and the Group motto `Make in India, Market to the World’, we have set up the avant-garde integrated jewelry unit at Kakkancherry. It’s India's most modern jewelry manufacturing unit with the latest technologies and facilities. I would like to thank the Hon’ble Chief Minister of Kerala, Shri Pinarayi Vijayan for gracing the occasion with his presence and inaugurating the facility. As we are on a mission to reintroduce inimitable Indian jewelry craftsmanship to India and across the world, the new facility will help us offer new design innovations to our customers, further enhance our design narrative and further elevate our design leadership in India and around the world.”

While inaugurating the facility, Shri Pinarayi Vijayan lauded Malabar for its CSR initiatives and contributions to improving the industrial climate of the State. “Malabar Group is ahead of others not just in business but also in taking up CSR activities for the welfare of the people. Its initiatives have helped improve the overall business climate in the State. There are many issues in the gold sector related to taxes. However, Malabar always stands apart from others and pays the taxes fully to support the State. This should be an inspiration to small and big business establishments,” the Chief Minister said.

Malabar Gold and Diamonds currently has 307 showrooms and 14 manufacturing units spread across India and abroad. Malabar Gold and Diamonds has made a mark with responsible sourcing of gold, diamonds, and other precious metals and integrated manufacturing facilities ensuring quality standardization. It manufactures all required packing and designing materials in its in-house units and has its own design studio, training center, and R&D division to support the business growth. The group also hires services from world-renowned consulting firms like Deloitte, E&Y, Accenture, and IBM to manage and grow business efficiently.

While generating reasonable profits, the Malabar Group aims to create maximum employment opportunities. Currently, it has over 20,000 employees.

The Malabar Group has showrooms in India, the UAE, Bahrain, Kuwait, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, and the US. Plans are afoot to extend the footprint further to the UK, Bangladesh, Australia, Canada, Egypt, Turkey, and South Africa. Dubai International Hub of the Group is currently managing international operations. The domestic operations are handled by the Mumbai hub of the Group which has been set up recently. The formal inauguration of the hub is scheduled for March 2023.

The Group is committed to giving back to society. Hence, it has been earmarking 5 percent of its profit for social welfare programmes. The welfare activities include treatment support for the poor, education and housing support, empowerment of girls, and environmental protection. Recently it has launched an ambitious project, `Hunger-Free World’ which ensures one square meal a day to the needy. Spread across different urban clusters, the programme covers 23 cities and offers food to 25,000 people every day. This is being implemented with the support of NGO `Thanal.’