Malabar Gold & Diamonds opens Malabar National Hub in Mumbai

TDT | Manama    

The Daily Tribune – www.newsofbahrain.com

Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with over 330 outlets across 11 countries, has launched Malabar National Hub (M-NH), its centralised base of India operations, at Andheri East in Mumbai.

Malabar Gold & Diamonds will be investing 120 million USD & generate 4,000 jobs in Maharashtra by 2025.

Spread over 50,000 sq. ft., M-NH brings under one roof Malabar Gold & Diamonds’ multiple operations such as retail, procurement and supply chain, e-commerce, digital gold, digital marketing, CRM, omnichannel operations, merchandising and bullion, corporate gifting and B2B divisions, human resources and legal.

The company has deployed more than 450 employees to run the operations at M-NH. M.P Ahammed, Chairman, Malabar Group said, “The consolidation of all our key functionalities at M-NH will enhance efficiency and streamline management, as we focus on further growing our network of more than 190 retail showrooms across the country.”

“The opening of Malabar Gold & Diamonds’ national operational base in Mumbai is a strong testimony to the state’s conducive environment for investment and favourable business ecosystem”, commented Shri Devendra Fadnavis, Deputy Chief Minister of Maharashtra.

“India is our biggest market, our aim is to strengthen our retail presence in existing regions and expand into new territories including Rajasthan, Puducherry, Uttarakhand, Jharkhand, Goa, Assam, Tripura, and Jammu and Kashmir.

Mumbai’s strategic edge will help us further drive growth in India,” said O Asher, Managing Director – India Operations, Malabar Gold & Diamonds.

“Our recent foray into Europe with the launch of our first showroom in the UK at London, as well as the setting up of Malabar International Hub (MIH) in Dubai, UAE are significant milestones in our mission, ‘Make in India, Market to the World’.

M-NH will drive that mission and accelerate our global digital transformation efforts, including the implementation of omnichannel operations, digital gold, and the endless aisle concept, “ said Abdul Salam K.P., Vice Chairman, Malabar Group.