Malabar Gold & Diamonds’ opens new branch in Ahmedabad and Ruwi
Malabar Gold & Diamonds, the leading jewellery retailer unveiled one more showroom in Ahmedabad recently, to strengthen its presence in Gujarat. The outlet, located near Panchavati Circle, CG Road was inaugurated by Bollywood star Anil Kapoor, in the presence of MP Ahamad, Chairman, Malabar Group and O Asher, Group Executive Director, Malabar Gold & Diamonds, on April 13 alongwith other directors. New outlet at Ruwi High Street was also inaugurated on April 26 by Indian actress Karisma Kapoor.
The retail chain has 115 outlets spread across eight countries including India and GCC countries. In Gujarat, Malabar Gold & Diamonds already has two showrooms in Rajkot and Ahmedabad. A few more are planned in Vadodara and Surat in the coming years. The group is also present in the Far East with one outlet in Singapore and are looking for expansion in Hong Kong, Malaysia and Indonesia. Ruwi oulet is the group’s 115th outlet globally and 6th outlet in Oman.
The company is also planning to spread their wings to European markets starting with the UK and the US. The company, which has a strong corporate social responsibility scheme embedded in its system, is committed to make a difference in human lives by spending over ` 300 million in charitable activities in the year 2014-15, part of the ` 850 million earmarked for charitable activities between 2012-2015. The company set apart 10% of its net profit to the benefit of needy and focus primarily in priority areas such as health, education, environment, housing and women empowerment.