Malabar Gold to open 20 new showrooms by month-end at Rs 1,580 cr investment

New Delhi: Malabar Gold & Diamonds on Tuesday announced the opening of 20 new showrooms by the month-end with an investment of Rs 1,580 crore, generating 725 job opportunities.

The new showrooms will be launched across Jhansi, Kallakurichy, Gwalior, Chittoor, Haldwani, Theni, Jamnagar, Ranchi, VIP Road Kolkata, Aligarh, KR Puram (Bengaluru), Inorbit Mall Vizag, Kanchrapara, Serampore, Gokul Road Hubli, Maninagar, Gurugram Sector 14, Jubilee Hills (Hyderabad), Sangareddy and Guwahati.

"The expansion entails a total investment of Rs 1,580 crore and is expected to generate over 725 employment opportunities," the company said in a statement.


Malabar Group Chairman MP Ahammad said, "Our decision to launch 20 showrooms in 20 days reflects our strong conviction in the country's long-term growth potential and our commitment to expanding access to world-class jewellery retail experiences".

The latest expansion drive will take the total global showroom count to 445 across 14 countries, with presence in 22 states/UTs across India.