M.P. Ahammad Receives Business Bhushan Award for Leadership

M.P. Ahammad, Chairman of the Malabar Group, was honoured with the Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026. This prestigious accolade recognizes his significant contributions to transforming Malabar Gold & Diamonds into the fifth largest jewellery retailer globally. The ceremony took place at the iconic Gateway of India, drawing notable figures from various sectors, including policymakers, industry leaders, and celebrities.

The event featured the presence of Devendra Fadnavis, Chief Minister of Maharashtra, and Eknath Shinde, Deputy Chief Minister, along with other prominent personalities. Presented by the Lokmat Media Group, these awards celebrate individuals whose vision and leadership have significantly impacted their industries while contributing to societal well-being.

M.P. Ahammad expressed gratitude for the recognition, stating, “I am deeply honoured to receive the Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards. This recognition reflects the collective dedication of the entire Malabar family and the trust our customers have placed in us over the years.” He emphasized that the company’s journey is rooted in the principle of collective growth for all stakeholders, guided by responsibility and integrity.

Building a Global Brand

Founded in 1993, Malabar Gold & Diamonds has emerged as a leader in responsible jewellery retail. The company’s commitment to transparency and ethical practices has contributed significantly to employment generation and has enhanced the jewellery shopping experience for customers worldwide. With over 425 showrooms across 14 countries, the brand showcases the rich craft and cultural essence of India on a global platform.

Maharashtra holds a significant place in Malabar Gold & Diamonds’ expansion strategy, currently hosting 34 showrooms in major cities. This growth not only boosts employment in the region but also strengthens the organised jewellery ecosystem. The company aims to increase its presence in Maharashtra, targeting 64 stores by 2029.

Commitment to Social Responsibility

Beyond business achievements, M.P. Ahammad has integrated a purpose-driven model into the company’s operations. Since its inception, Malabar Group has committed to social responsibility, allocating 5% of profits to initiatives in education, healthcare, housing support, and women’s empowerment. This dedication to societal improvement has benefitted communities across all regions where the company operates.

His recognition with the Business Bhushan Award further cements M.P. Ahammad’s reputation as one of India’s most respected business leaders. His entrepreneurial vision and values-driven leadership serve as a source of inspiration for future enterprises aiming for both growth and meaningful societal contributions.

About Malabar Gold & Diamonds

Malabar Gold & Diamonds, as the flagship company of the Malabar Group, boasts an annual turnover of $7.36 billion. It ranks as the fifth largest jewellery retailer in the world. The company operates a robust retail network, supported by design centres, wholesale units, and manufacturing facilities in regions including the USA, UK, Canada, Australia, and New Zealand. With over 30,000 professionals from more than 26 countries, Malabar Group continues to strive for excellence while also maintaining a strong online presence, allowing customers to purchase jewellery conveniently.

In summary, M.P. Ahammad’s leadership and the Malabar Group’s commitment to ethical practices underscore the potential of businesses to contribute positively to society while achieving remarkable growth in the global marketplace.