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{{short description|Indian jewellery group}}
{{Use dmy dates|date=August 2025}}
{{Use Indian English|date=August 2025}}
{{Infobox company
| name = Malabar Gold and Diamonds
| logo = Malabar Gold & Diamonds logo.svg
| logo_size =
| type = [[Privately held company|Private]]
| foundation = {{Start date and age|1993}}
| predecessor =
| successor =
| area_served = [[India]], [[United States]], [[Canada]], [[UAE]], [[Singapore]], [[Kuwait]], [[Bahrain]], [[Oman]], [[Qatar]], [[Saudi Arabia]], [[Malaysia]], [[United Kingdom]], [[Australia]], [[New Zealand]]
| key_people =
| industry = Jewellers
| products = [[Gold]], [[Diamonds]], [[Gemstone]], [[Platinum]] and [[Silver]]
| net_income =
| aum =
| assets =
| equity =
| owner = [[M. P. Ahammed]]
| revenue = {{profit}} {{USD|7.5 Billion}}<ref>{{cite web|last=|first=|url= https://www.malabargoldanddiamonds.com/about-us.html |title=About Us – Malabar Gold and Diamonds|website= Malabar Gold and Diamond s|date=20 February 2018|access-date=10 February 2019|archive-date=25 December 2018|archive-url=https://web.archive.org/web/20181225014919/https://www.forbesmiddleeast.com/tag/malabar-gold-and-diamonds|url-status=dead}}</ref>
| num_employees = 25,000
| num_employees_year = 2025
| locations = 400 showrooms (2025)
| location = [[Kozhikode]], [[Kerala]], [[India]]
| homepage = {{official URL}}
}}

'''Malabar Gold & Diamonds''' is an Indian [[Jewellery|jewellery group]] headquartered in [[Kozhikode]], [[Kerala]]. The company was founded by [[M. P. Ahammed]] in 1993.<ref>{{cite web|url=https://www.thenewsminute.com/article/three-india%25E2%2580%2599s-wealthiest-jewelers-hail-kerala-%25E2%2580%2599s-hardly-surprising-31786|title=Three of India's wealthiest jewelers hail from Kerala, but that's hardly surprising.|work=The News Minute|first=|last=|date=2 July 2015|access-date=10 February 2019|archive-date=29 September 2018|archive-url=https://web.archive.org/web/20180929233148/https://www.thenewsminute.com/article/three-india%25E2%2580%2599s-wealthiest-jewelers-hail-kerala-%25E2%2580%2599s-hardly-surprising-31786|url-status=live}}</ref> As of May 2023, it owns more than 330 showrooms across 11 countries.<ref>{{Cite web |date=2020-01-22 |title=Malabar Gold & Diamonds aims to become world's largest jeweller in three years |url=https://www.businesstoday.in/latest/corporate/story/malabar-gold-diamonds-aims-become-world-largest-jeweller-three-years-243533-2020-01-22 |access-date=2023-09-26 |website=Business Today |language=en}}</ref><ref>{{cite web|url= http://architectureupdate.in/malabar-group-headquarters-wins-forbes-design-award/|title= Malabar Group Headquarters wins Forbes design award|date= 17 April 2019|access-date= 10 September 2019|archive-date= 27 June 2022|archive-url= https://web.archive.org/web/20220627171923/https://architectureupdate.in/malabar-group-headquarters-wins-forbes-design-award/|url-status= live}}</ref>
==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 (dried kernel of coconut). [[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]].<ref>{{cite web|url= https://economictimes.indiatimes.com/investments-markets/top-6-jewellers-who-control-indias-gold/malabar-gold-diamonds/slideshow/19827318.cms|title= Top 6 jewellers who control India's gold|access-date= 10 September 2019|archive-date= 5 September 2022|archive-url= https://web.archive.org/web/20220905160231/https://economictimes.indiatimes.com/investments-markets/top-6-jewellers-who-control-indias-gold/malabar-gold-diamonds/slideshow/19827318.cms|url-status= live}}</ref> Since 2000, the company has been on an expansion and was reported to be a group worth ₹500 crore in 2005.<ref>{{Cite web |title=സൗന്ദര്യത്തിളക്കത്തിന് കാൽ നൂറ്റാണ്ടിന്റെ മാറ്റ് |url=https://www.manoramaonline.com/news/business/2018/10/16/malabar-gold.html |access-date=2023-09-26 |website=ManoramaOnline}}</ref>

The company expanded to the Middle East in 2008.<ref>{{Cite web |last=Sazonov |first=Alexander |last2=Antony |first2=Anto |date=2025-09-08 |title=Billionaires Who Amassed Gold Fortunes in Dubai Face Slowdown |url=https://www.bloomberg.com/news/articles/2025-09-08/billionaires-who-amassed-gold-fortunes-in-dubai-face-slowdown |access-date=2025-11-03 |website=[[Bloomberg News|Bloomberg]]}}</ref>

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.<ref>{{Cite web |title=Global Powers of Luxury Goods 2023 |url=https://www.deloitte.com/content/dam/assets-shared/docs/industries/consumer/2024/gx-global-powers-of-luxury-goods-2023.pdf |url-status=live |archive-url=https://web.archive.org/web/20250423164035/https://www.deloitte.com/content/dam/assets-shared/docs/industries/consumer/2024/gx-global-powers-of-luxury-goods-2023.pdf |archive-date=2025-04-23 |access-date=2025-10-19 |website=Deloitte}}</ref>

== Controversies ==

=== 2016 ===
The business courted controversy in 2016 when their UAE branches celebrated Pakistan’s Independence Day.<ref>{{Cite news |last=TNM Staff |first= |date=15 August 2016 |title=Pakistan Independence Day advertisement controversy: Malabar Gold claims they were not aware |url=https://www.thenewsminute.com/kerala/pakistan-independence-day-advertisement-controversy-malabar-gold-claims-they-were-not-aware |access-date=18 October 2025 |work=The News Minute}}</ref>

=== 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.<ref>{{Cite news |last=HT News Desk |first= |date=18 October 2025 |title=Why is Malabar Gold & Diamonds facing boycott calls on Dhanteras? There's a Pakistan link |url=https://www.hindustantimes.com/india-news/why-is-malabar-gold-diamonds-facing-a-boycott-on-dhanteras-it-has-a-pakistan-link-101760772036123.html |access-date=18 October 2025 |work=Hindustan Times}}</ref><ref>{{Cite news |last=Mukul |first=Sushim |date=16 October 2025 |title=Ahead of Dhanteras, Malabar Gold faces heat over Pakistani influencer, drops her |url=https://www.indiatoday.in/india/story/kerala-jeweller-malabar-gold-and-diamond-boycott-calls-dhanteras-pakistani-influencer-alishba-khalid-controversy-2803981-2025-10-16 |access-date=18 October 2025 |work=India Today}}</ref> 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.<ref>{{Cite news |date=2025-10-03 |title=Bombay HC to Google, Facebook and others: Delete posts calling Malabar Gold 'Pakistan sympathiser' after brand linked to Instagram influencer Alishba Khalid |url=https://timesofindia.indiatimes.com/technology/social/hc-to-google-facebook-and-others-delete-posts-calling-malabar-gold-pakistan-sympathiser-after-brand-linked-to-instagram-influencer-alishba-khalid/articleshow/124247846.cms |url-status=live |archive-url=https://web.archive.org/web/20251001050453/https://timesofindia.indiatimes.com/technology/social/hc-to-google-facebook-and-others-delete-posts-calling-malabar-gold-pakistan-sympathiser-after-brand-linked-to-instagram-influencer-alishba-khalid/articleshow/124247846.cms |archive-date=2025-10-01 |access-date=2025-10-19 |work=[[The Times of India]] |issn=0971-8257}}</ref>

== References ==
{{reflist}}

==External links==
*[https://www.malabargoldanddiamonds.com/ Official website]

[[Category:Jewellery retailers of India]]
[[Category:Retail companies established in 1993]]
[[Category:Luxury brands]]
[[Category:Indian jewellery designers]]
[[Category:Diamond dealers]]
[[Category:Indian brands]]
[[Category:1993 establishments in Kerala]]
[[Category:Indian companies established in 1993]]
[[Category:Articles with Malayalam-language sources (ml)]]
[[Category:Companies based in Kozhikode]]

Malabar Gold & Diamonds - Revision history

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