Malabar Gold & Diamonds announces plan to launch 20 showrooms in 20 days Malabar Gold & Diamonds, a prominent jewellery retailer, has unveiled a significant retail expansion strategy, aiming to open 20 new showrooms within 20 days. This initiative marks one of the most rapid showroom rollout efforts in the Indian jewellery sector. The expansion will increase the brand’s global showroom count to 445 locations across 14 countries, with a presence in 22 states and Union Territories in India. The company’s statement highlighted that the expansion requires an investment of INR 1,580 crore and is projected to create over 725 job opportunities. This move underscores the group’s commitment to supporting India’s economic growth, employment generation, and the development of its retail sector. The new showrooms will be established in diverse locations including Jhansi, Kallakurichy, Gwalior, Chittoor, Haldwani, Theni, Jamnagar, Ranchi, VIP Road Kolkata, Aligarh, KR Puram (Bengaluru), Inorbit Mall Vizag, Kanchrapara, Serampore, Gokul Road Hubli, Maninagar, Gurugram Sector 14, Jubilee Hills (Hyderabad), Sangareddy, and Guwahati. M.P. Ahammad, Chairman of Malabar Group, emphasized the significance of the expansion, stating, “India’s rise on the global stage is powered by the confidence, aspirations, and entrepreneurial spirit of its people. Our decision to launch 20 showrooms in 20 days reflects our strong conviction in the country’s long-term growth potential and our commitment to expanding access to world-class jewellery retail experiences.” He added that the company’s mission has always been guided by trust, values, and a vision to create lasting impact for customers, employees, and the communities they serve.#india #malabar_gold_diamonds #mp_ahammad #jewellery_sector #global_jewellery_market
Malabar Gold & Diamonds plans to open 20 new showrooms by March 31, 2026, expanding its global network to 445 outlets across 14 countries. The company will invest Rs 1,580 crore in this expansion, which is projected to create over 725 jobs. The expansion marks one of the fastest rollout drives in India’s jewellery sector, with the company aiming to establish a presence in multiple cities including Jhansi, Kallakurichy, Gwalior, Chittoor, Haldwani, Theni, Jamnagar, Ranchi, Kolkata (VIP Road), Aligarh, KR Puram (Bengaluru), Vizag (Inorbit Mall), Kanchrapara, Serampore, Hubli (Gokul Road), Maninagar, Gurugram (Sector 14), Hyderabad (Jubilee Hills), Sangareddy, and Guwahati. Following this, the company’s global showroom network will span 22 states and Union Territories in India. MP Ahammad, Chairman of Malabar Group, emphasized that India’s global rise is driven by the ambition and entrepreneurial energy of its people. He highlighted the decision to launch 20 showrooms in just 20 days as a testament to the company’s confidence in India’s long-term growth potential and its commitment to enhancing access to premium jewellery retail experiences. The expansion strategy reflects Malabar Gold & Diamonds’ focus on deepening its footprint beyond metropolitan markets while reinforcing its presence in high-growth Tier I cities. The move also aligns with the current surge in gold prices, which underscores sustained consumer demand for the precious metal. The company’s aggressive expansion plan underscores its ambition to solidify its position in the global jewellery market. By diversifying its locations and increasing its workforce, Malabar Gold & Diamonds aims to capitalize on growing consumer interest and economic opportunities across India and internationally.#india #gold_prices #malabar_gold_diamonds #mp_ahammad #jewellery_sector
