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Malabar Gold
Jewellery retailer Malabar Gold on Thursday said it will add 12 new showrooms across the country in the current fiscal at an investment of Rs 600 crore. Malabar Gold & Diamonds operates 11 state-of-the-art factories across India and 5 international units. The new showrooms will be opened in Panvel in Mumbai, Sinhagad Road in Pune, Brahmapur and Soubhagya Nagar in Odisha, Dhanbad in Jharkhand, Hospet, Nagarbhavi and Chitradurga in Karnataka, Nandyal, Amalapuram, Machilipatanam in Andhra Pradesh and Varanasi in Uttar Pradesh. This will take the total showroom count to 391 showrooms across 13 countries and 19 states in India and create employment opportunities this financial year, the company said in a statement, adding that currently, it employs over 25,000 professionals from 26 countries. Malabar Gold is also planning to open 60 new showrooms in India and overseas in 2025-26, of which 5 stores will be launched in April in the Middle East, UK, and Canada. The company, however, did .
Malabar Gold & Diamonds, the world's sixth-largest jewellery retailer, on Thursday announced plans to launch 20 new showrooms in October as part of its global expansion strategy. The company will open three new showrooms in Uttar Pradesh, while two each in Delhi, Maharashtra, Karnataka, and Rajasthan and one new showroom each in Odisha, Telangana, West Bengal and Punjab. New showrooms will also be opened in Muwaileh in Sharjah; Muaither in Qatar; and Nakheel Mall in Saudi Arabia, as well as North America. "Opening 20 new showrooms in October aligns with our vision to become the world's leading retail jeweller. Our expansion plan focuses on sustainable and responsible growth that not only drives our business forward but also benefits society," Malabar Group Chairman M P Ahammed said, in a statement. The new showrooms will offer a diverse range of traditional and contemporary jewellery collections, coupled with a personalized shopping experience. Malabar Gold currently operates 355
Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, on Saturday said it laid foundation stone for the construction of Malabar Gems and Jewellery manufacturing unit in Telangana. A press release from the firm said the facility is set to become the largest jewellery manufacturing unit of the group. Telangana Minister for IT and Industries K T Rama Rao laid the foundation stone of the manufacturing facility. Located at General Park, Maheshwaram in Rangareddy District near here and spread over 3.7 acre, the manufacturing facility is slated to be operational soon. It will have the capacity to manufacture 10 tonne gold jewellery and 1.5 lakh carats of diamond jewellery annually, it said. It will also house a state-of-the-art gold refinery facility with an annual gold refining capacity of 180 tonne. The facility will roll out a diverse range of jewellery including gold, diamonds, precious gemstones, platinum and uncut diamonds, it said. Malabar ...
Malabar Gold & Diamond, one of the major retail chain of gold jewellery in the country, is planning to invest around Rs 1000 crore this year mainly to expand its operations in new geographies in overseas. While the funding for the current expansion would be from banks and existing investors, the company would look at options such as Initial Pubic Offering (IPO) or Private Equity by 2020 for further growth, said M P Ahammed, chairman,Malabar Group.The company at present has 175 showrooms across the world, including above 80 showrooms in India and overe 90 overseas. Plans are to establish around 60 showrooms overseas this year, including entry into countries including Indonesia, HongKong, Thailand and Sri Lanka. Its focus has been on the GCC countries, where it has majority of the overseas showrooms. It also has presence in Malaysia and Singapore and would look at expanding operations in these countries."There is a lot of opportunity available internationally and we are focusing ...