Malabar Gold & Diamonds has recently unveiled its staggering annual turnover of Rs 51,218 Crore, solidifying its position as a prominent figure in India's gems and jewellery sector. This remarkable achievement not only highlights the company's financial prowess but also its strategic expansion plans and commitment to social responsibility.

Malabar Gold & Diamonds shines brightly with an annual turnover of Rs 51,218 Crore, marking a significant milestone in its journey as a key player in India's gems and jewellery industry.

The company's recent announcement underscores its stature as a dominant force in the economic landscape, with a remarkable turnover in the previous fiscal year. Ranked globally as the sixth-largest jewellery group and the 19th-ranked brand in Deloitte's Global Ranking of Luxury Products, Malabar Gold & Diamonds is poised for further growth in markets like New Zealand, Egypt, Bangladesh, and various European regions.

With ambitious plans to expand its presence by opening 100 new stores within the next year, the company aims to broaden its reach and strengthen its foothold in emerging markets. This expansion strategy includes a focus on states such as Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir, where its presence is currently limited.

Operating across multiple countries, Malabar Gold & Diamonds is set to increase its workforce by hiring an additional 7,000 employees, bringing the total to 28,000 individuals. In addition to its business goals, the company remains committed to sustainability and community welfare.

Through initiatives like the Hunger Free World program, Malabar Gold & Diamonds provides meals to over 30,000 individuals daily in India and Gulf countries. The Grandma Home project supports disadvantaged women, while scholarships for girls' education reflect the company's dedication to social responsibility.

With a commitment to allocating five percent of its profits to CSR activities, Malabar Gold & Diamonds ensures responsible sourcing of gold and diamonds from legitimate suppliers and ethical mining operations. Chairman MP Ahammed reaffirmed the company's dedication to responsible sourcing practices and ethical standards, emphasizing the importance of maintaining trust and loyalty among customers while positively impacting the communities they serve.