Malabar Gold & Diamonds


Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. As of May 2023, it owns more than 330 showrooms across 11 countries.
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History

The Malabar Gold & Diamonds was established in 1993 by M. P. Ahammed. He is also the chairman of the company. He was born on 1 November 1957 in Kozhikode, Kerala. He ventured into business at the age of 17 with an agro farming company. In 1981, he started trading spices and copra. M. P. Ahammed has two children with his wife Subaida K.P. His son Shamlal Ahammed is the company’s Managing Director of International Operations. At the age of 36 in the year 1993, he established Malabar Gold with a capital of ₹50 lakhs in his home town Kozhikode. Since 2000, the company has been on an expansion and was reported to be a group worth ₹500 crore in 2005.
The company expanded to the Middle East in 2008.
In 2012, the company had a turnover of ₹12,000 crore and by the end of 2013, it posted a turnover of ₹22,000 crore.
In 2022, with a revenue of $4.024 billion, Malabar was ranked 19th luxury goods company in Deloitte's "Global Powers of Luxury Goods" report.

Controversies

2016

The business courted controversy in 2016 when their UAE branches celebrated Pakistan’s Independence Day.

2025

The company had engaged London-based Pakistani influencer Alishba Khalid as one of the influencers to promote the inauguration of its Birmingham showroom. After her earlier posts criticising India and Operation Sindoor resurfaced, social media posts labelled the brand a Pakistan sympathiser. The association sparked boycott calls peaking around the Dhanteras festival. The Bombay High Court ordered the deletion of the defamatory social media posts. Malabar stated that it had hired Khalid through an agency, was unaware of her origin and remarks, and had already discontinued her services.