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Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. [ 2 ] As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world.
He is also the founder of Malabar Gold and Diamonds, one of the world's largest retail jewellery groups. [1] According to the Economic Times, in 2012 Malabar Gold and Diamonds made a turnover of ₹120 billion, [2] and by the end of 2013, the company's turnover touched ₹220 billion. [3]
He was also the co-chairman of the Malabar Group, a retailer of gold and diamonds, and the founder and vice-chairman of the Indus Motor Company. [16] He was a director of the Muslim Printing and Publishing Company, the publishers of Chandrika the mouthpiece of the Indian Union Muslim League. [9]
He is also the company's current chairman. In 2017 he has opened the 15th and world's largest jewellery showroom with 130000 sq feet space of Lalitha Jewellery by spending around 750 crores surpassing Malabar Gold's 110000 sq feet jewellery showroom. Lalitha Jewellery has 50 showrooms across India at present. [6] [12]
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The whistleblower, a senior compliance expert in the credit card and banking industries, said the two giant card companies knew their networks were being used to pay for illegal content on the ...