Malabar Gold & Diamonds launched 110th outlet in Guntur, Andhra Pradesh, India.
o Launched a brand new showroom in Lakshmipuram, Near Hollywood
bollywood theatre, Guntur on 16th February, 2014
o Inaugurator: Miss. Kajal Agarwal, Tollywood actress.
Malabar Gold & Diamonds, the leading jewellery retailer unveiled one more showroom in Guntur, Andhra Pradesh to strengthen its presence in the region. The outlet located in Lakshmipuram main road, Guntur inaugurated by Miss. Kajal Agarwal leading tollywood actress along with Shri Grandhi Kantha Rao, Chairman Crane industries, in the presence of Mr. MP. Ahamad, Chairman Malabar Group, Mr. Asher, Group Executive Director, Malabar gold & Diamonds, on 16th February 2014 amidst other Directors, personalities from media and well-wishers.
The outlet in Guntur is the 110th outlet of Malabar Gold & Diamonds worldwide and 11th in Andhra Pradesh. To celebrate the opening of this outlet, Malabar Gold & Diamonds announced fabulous inaugural offers for their customers.If it is a diamond jewellery purchase, the customers get special discounts & privileges on diamonds during the inaugural limited period.
Malabar Gold & Diamonds focus has always been on providing a wide range of choices for jewellery customers who seek excellent value for money. But, their true strength is the shopping experience, with appealing stores staffed by friendly and knowledgeable jewellery consultants who are trained to help the customers in their purchasing decisions.
Their branded jewellery collection includes Era- Uncut Diamond Jewellery, Ethnix- Handcrafted Designer Jewellery, Mine- diamonds unlimited, Divine- Indian Heritage Jewellery, Precia- Precious Gem Jewellery and Starlet- Kids Jewellery.
The retail chain has 110 outlets worldwide, out of which 74 are in India and 36 are in the GCC countries. In Andhra, Malabar Gold & Diamonds already have 10 showrooms in Hyderabad, Vijayawada, Vishakapatnam, Rajahmundry, Kakinada, Tirupati, Kurnool. Few more are planned in other parts of Andhra Pradesh in the coming years. The group also represents the Far East with 1 outlet in Singapore and now they are looking for expansion in Hong Kong, Malaysia and Indonesia. The company is also planning to spread their wings to European markets starting with UK and US.
When it comes to CSR activities, the group is also in the forefront. They set apart 10% of its net profit to the benefit of needy andfocus primarily in five priority areas such as health, education, environment, housing and women empowerment.
Malabar Gold and Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
Established in 1993 in South Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of 110 outlets spread across 8 countries, 10 wholesale units in addition to offices, design centers and factories spread in India, GCC and Singapore. With an annual turnover of $3.5 billion (Dh12.8 billion; Rs220 billion), the company currently ranks as the world’s third largest jewellery retailer in terms of annual turnover.
With 7 cluster manufacturing units in India and GCC – the company currently has 6 jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala, India and branches across India, GCC & Singapore, Malabar Group is best known for its activities in the field of gold, diamond and precious metals.
The company, which has a strong corporate social responsibility scheme embedded in its system, is committed to make a difference in human lives by spending over Rs300 million in charitable activities in the year 2015, part of the Rs850 million earmarked for charitable activities between 2012 - 2015.