New Delhi: At the CSR initiative, the Union Minister inaugurated the distribution of educational scholarships for 33,000 female students across India. The event was attended by Malabar Group Chairman Mr. M.P. Ahammad, Malabar Gold & Diamonds Managing Director – India Operations Mr. O. Asher, Malabar Group Executive Directors Mr. Nishad A.K. and Mr. Abdulla Ibrahim, Kerala House Resident
Commissioner Mr. Puneet Kumar, IAS, Pratham CEO Ms. Rukmini Banerji, and Thanal Chairman Dr.
Idris, among others.
Union Minister Piyush Goyal stated that the initiatives of the Malabar Charitable Trust align closely
with Prime Minister Narendra Modi’s vision of empowering India’s daughters through programs like
Beti Bachao, Beti Padhao.
He added that “Malabar Gold & Diamonds’ decision to allocate USD 24 Million towards CSR will
further strengthen the nation’s progress,” emphasizing that India’s growth is rooted in the
empowerment of its people – especially women and girls and appreciating the company’s efforts in
driving meaningful change through education.”
“He also encouraged students and young citizens to dream big, aspire beyond limitations, and seize
the vast opportunities India offers, urging them to contribute actively to the nation’s growth story”
Malabar Group, Chairman, Mr. M.P. Ahammad highlighted “Human resource development is the
backbone of national growth. He noted that nurturing talent through quality education is essential,
and that the scholarship programme enables students to achieve academic success and contribute to
the country’s development. He added that the group remains committed to creating sustainable,
long-term societal impact through significant CSR investments.”
During 2026-27, CSR projects worth USD 24 Million will be implemented across more than 3,000
locations in 19 states in India, covering 15 major initiatives. These programmes are expected to
benefit over 200,000 people.
A significant focus is on education with USD 14 Million allocated to initiatives such as micro-learning
centres for street children and national scholarship programmes for girls. USD 3.6 Million has been
earmarked for food distribution under the Hunger Free World project, and USD 1.7 Million for
healthcare initiatives. Housing projects, including the ‘Grandma Home’ initiative for destitute
mothers, will receive 3 Million. Additionally, 0.82 Million will be allocated for other humanitarian
activities and USD 1.2 Million for environmental protection.
As part of the Malabar Group’s 33rd anniversary, scholarships will be awarded this year to 33,000
girl students from 284 districts across 18 states in India. Since its inception, the programme has
benefited over 115,000 girls. All CSR initiatives are implemented through the Malabar Charitable
Trust.
For the rehabilitation of street children, Malabar Gold & Diamonds has established 1,543 micro-
learning centres across 17 states in partnership with Pratham Education Foundation, one of India’s
largest NGOs. The number of centres will be increased to 2,500 this year, with student enrolment
expected to grow from over 64,000 to 100,000.
Under the Hunger Free World project, nutritious meals are provided daily to 115,000 people across
India, Zambia, and Ethiopia. Other CSR initiatives include the ‘Grandma Home’ project, which
provides free accommodation and care for destitute women, and Malabar-Thanal pharmacies that
offer medicines at subsidized rates to the underprivileged.
Malabar Gold & Diamonds’ operations are guided by ESG principles. Since its inception, the company
has allocated 5% of its net trading profit towards CSR activities. These initiatives focus on women
empowerment, healthcare, education, housing, hunger eradication and environmental protection, in
collaboration with NGOs such as Pratham and Thanal. These efforts have already brought positive change to the lives of over 1.8 million people across
India.
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a
leading diversified Indian business conglomerate.
With an annual turnover of $7.36 billion, the company currently ranks as the 5th largest jewellery
retailer globally and today has a strong retail network of over 430 showrooms spread across 14
countries in addition to multiple offices, design centers, wholesale units, and factories spread across
India, Middle East, Far East, the USA, the UK, Canada, Australia & New Zealand.
The group, owned by 3,500 shareholders, has more than 30,000 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite
jewelry at any time and on any day from the comfort of their homes.
The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and light weight
jewellery that represents the independent and the modern woman through its designs and
collections. Mojawhraty by Malabar is the latest retail concept from the brand, exclusively catering to Arabic audience globally. Mojawhraty blends Arabic tradition with modern elegance.
ESG (Environmental, Social & Governance) has been the primary commitment of the group since its
inception. The key ESG focus area of Malabar Group are Health, Housing, Hunger Free World,
Education, Environment and Women empowerment. Integrating the principles of responsibility and
sustainability into its core business, Malabar Group periodically strengthens its ESG goals to remain a
socially conscious and responsible organization. The group contributes 5% of its profit to such
initiatives in the same country of operation.
