Malabar Gold group eyes Rs 30,000 crore business by 2015

THIRUVANANTHAPURAM: Kerala-based Malabar Gold and Diamonds, a leading gold and diamond jewellery trader, plans to increase business turnover from Rs 12,000 crore to Rs 30,000 crore annually by 2015, a company official said today.

Malabar Gold and Diamonds Executive Director K P Abdul Salam said there are plans to increase the company's turnover from Rs 12,000 crore to Rs 30,000 crore annually by 2015.

More outlets would be opened in India abroad as part of expansion, he said while speaking to reporters after opening a company's showroom of Rado and Tissot watches brand here.

Malabar Watches, a sister concern of Malabar Gold and Diamonds, is an authorised service agent for world class watches in Kerala, he said.

The company plans to have multi-brand watch showrooms in Thrissur, Kozhikode and Kochi, he said.