Latest news with #MPAhammad
Time of India
6 days ago
- Business
- Time of India
A vision to align socio-economic change & growth
MP Ahammad chairman Malabar Group of Companies M P Ahammad, chairman, Malabar Group of Companies, outlined how the group holistically integrates ESG principles into its operations. The company, with a turnover exceeding Rs 62,000 crore, allocates 5 percent of its profits consistently towards social welfare. This is more than double the mandated 2percent. 'We believe in giving back to the society from which we earn,' he said. 'We firmly believe that widespread adoption of ESG frameworks by the corporate sector and support of the people can bring about meaningful socio-economic transformation,' he said. The group, which started as a single jewellery showroom in Kozhikode 32 years ago, now operates over 400 outlets across India and abroad.
Time of India
03-07-2025
- Business
- Time of India
Malabar Gold sets up new manufacturing facility in Hyderabad
Kerala-based Malabar Gold & Diamonds has set up a fully integrated jewellery manufacturing unit in Hyderabad , Telangana, that brings all the critical operations, such as design, refining, manufacturing, quality assurance, hallmarking, warehousing and supply chain management of gold and diamond jewellery under one roof. The unit has an annual production capacity of over 4.7 tonnes of gold jewellery and 1.8 lakh carats of diamond jewellery, along with an annual gold refining capacity of 78 tonnes and employs over 2,750 skilled artisans from 18 states. Located at the General Park, Maheshwaram in Ranga Reddy district and spread over 3.45 lakh square feet, the new unit marks the group's largest among its 14 manufacturing units across India and the Gulf Cooperation Council (GCC) countries. The facility has 40 per cent of its workforce recruited from the local population and maintains workforce composition with an overall male-to-female ratio of 80:20 The total annual production capacity of gold and diamond jewellery of Malabar Gold & Diamonds stands at over 40.68 tonnes and over 3.61 lakh carats, respectively, making it one of the largest jewellery manufacturers in the world. The jewellery retailer has 400 showrooms across 13 countries. Commenting on the new facility, M P Ahammad, Chairman, Malabar Group, said, "Our state-of-the-art integrated jewellery manufacturing unit in Hyderabad is in line with our ' Make in India , Market to the World' Vision. The facility will produce world-class jewellery in India for the global markets." Asher O, managing director (India Operations), Malabar Gold & Diamonds said, 'Being a vertically integrated business with a strong presence across the entire jewellery value chain from sourcing bullion to manufacturing, wholesale and retail, the integrated manufacturing unit enhances our ability to cater to the growing demand for exquisite jewellery in India, which remains our biggest market."
