M.P. Ahammad, Chairman of Malabar Group, has been honoured with the prestigious Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026, recognising his leadership in transforming the global jewellery retail landscape and his contributions to society.
The award ceremony was held at the iconic Gateway of India in Mumbai and was attended by Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Minister Eknath Shinde and Lokmat Chairman Vijay Darda, along with ministers, bureaucrats, industry leaders and prominent personalities from the business and entertainment sectors.
Presented by the Lokmat Media Group, the awards recognise individuals whose vision, leadership and achievements have significantly shaped industries while contributing meaningfully to society. The honour acknowledges Ahammad’s entrepreneurial journey and his role in building Malabar Gold & Diamonds into the world’s fifth-largest jewellery retailer and the largest jewellery retailer of Indian origin.
Expressing his gratitude, Ahammad said the recognition reflects the collective dedication of the Malabar family and the trust customers have placed in the brand. He added that the group remains committed to responsible growth guided by integrity and a focus on creating lasting value for society.
Maharashtra has been a key market for Malabar Gold & Diamonds, with 34 showrooms across cities such as Mumbai, Pune, Nagpur and Nashik. The group plans to expand its presence in the state to 64 stores by 2029.
Established in 1993, Malabar Gold & Diamonds currently operates over 425 showrooms across 14 countries with an annual turnover of $7.36 billion. The group also allocates five percent of its profits to CSR initiatives focusing on education, healthcare, housing support and women’s empowerment.
+ There are no comments
Add yours