Malabar Gold and Diamonds
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Company History
Founded 1993 in Kozhikode, Kerala, India
In 1993, when Indian gold retail was dominated by unorganized local jewelers with inconsistent purities, M.P. Ahammed gathered seven investors in Calicut to launch a business founded on uncompromising 100% hallmarked transparency.
M.P. Ahammed and founding partners establish the first Malabar Gold showroom in Kozhikode with ₹50 lakh in capital, introducing transparent gold purity practices.
Becomes one of the first jewellers in India to sell exclusively Bureau of Indian Standards (BIS) hallmarked 916 gold, years before hallmarking was legally mandated.
Malabar Gold opens its first international showroom in the historic Dubai Gold Souk, UAE, commencing its multi-billion-dollar Middle Eastern expansion.
Expands into Southeast Asia with flagship showrooms on Little India's Serangoon Road in Singapore and Jalan Masjid India in Kuala Lumpur.
Opens its first North American showroom in Chicago (Devon Avenue), followed by expansions into Dallas, New Jersey, and Artesia (Los Angeles).
Introduces uniform gold pricing across all Indian states, ending state-level price discrepancies and giving consumers complete price certainty.
Inaugurates its flagship UK store on Green Street, London, marking Malabar's official retail entry into the European continent.
Crosses 350 operational retail showrooms across 13 countries, solidifying its ranking among the top five largest global jewellery retail conglomerates.
Consolidated specialized jewellery manufacturing workshops, diamond sorting units, and regional distribution assets in the UAE (Sharjah and Dubai Gold Souk) into the direct parent entity.
Since its establishment in 1993, Malabar Gold and Diamonds expanded from an early-stage venture into a recognized leader in Retail / Luxury Goods & Jewelry, overcoming key market challenges.
Over its history, Malabar Gold and Diamonds executed decisive strategic pivots toward scalable monetization and digital distribution, securing its current market leadership.
By continually modernizing operations and embracing workflow automation, Malabar Gold and Diamonds maintains resilience through changing technological and economic cycles.