• How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide
  • 1993
  • 2001
  • 2011
  • 2012
  • 2013
  • 2016
  • 2017
  • 2018
  • 2019
  • Big Plans
Next SlideNext Slide

How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

More than 200 stores worldwide and building an INR 27,000 Crore Jewellery brand, the story of Malabar Gold is incredible
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide
Image credit: Entrepreneur India
Entrepreneur Staff
Features Editor, Entrepreneur India
2 min read

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

MP Ahammed, Founder, Malabar Gold & Diamonds started his entrepreneurial odyssey with spices and copra trade. His first stint imbibed precious business lessons that no top management institute could have ever imparted.

However, he soon realized the limitations of this business and ventured into gold jewellery in 1993 by setting up the first retail showroom in Kozhikode. What started with one store today comprises 250 stores. Let’s walk through the global journey of his retailer.

Entrepreneur India got in a conversation with the MP Ahammed, Founder, Malabar Gold & Diamonds who spoke about his journey.

How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

1993

1993
Image credit: Entrepreneur India/ Malabar Gold
Launch of Malabar Gold & Diamonds in Kozhikode, Kerala with an initial capital of Rs 50 lakh when the economy of the country was in transformation.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2001

2001
Image credit: Malabar Gold
Malabar forayed into Gulf Coast Countries to expand their retail presence.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2011

2011
Image credit: Pixabay
Launch of its store in Riyadh. It was the time when the number of investors from India and abroad reached 1,000 and the annual revenue clocked Rs 2,000 crore.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2012

2012
Image credit: Pixabay
The company rolled out a popular campaign ‘Brides of India’ – capturing the diverse design essence of brides across regions.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2013

2013
Image credit: Malabar Gold
Actor Kareena Kapoor signed up as the brand ambassador. The retail network reached 103 outlets spread across seven countries, becoming the third-largest jewellery retailer in the world in terms of annual turnover. Malabar also opened its 100th store in Gurugram.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2016

2016
Image credit: Malabar Gold
Opened 150th store in Belgaum. Diversified its product portfolio by introducing a varied range to attract.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2017

2017
Image credit: Pixabay
Opened the 200th store in Dubai, UAE, strengthening its global presence.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2018

2018
Image credit: Malabar Gold
The company opened 11 showrooms across six countries in a single day, taking the total number of outlets to 208. Malabar also signed up Miss World 2017 Manushi Chillar as brand ambassador.
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

2019

2019
Image credit: Malabar Gold
Forayed into the USA by opening its 250th outlet in Chicago. Onboarded actor Anil Kapoor as brand ambassador to strengthen its domestic and global communication strategy
How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide

Big Plans

Big Plans
Image credit: Entrepreneur India
“We are now targeting a broader market spectrum both in India and abroad apart from consumer demographics and product portfolio. We aim to triple the number of stores to 750 and raise group turnover to US$7 billion in the next five years," shares MP Ahammed, Founder, Malabar Gold & Diamonds.