M.P. Ahammad Receives Business Bhushan Award 2026

Mar 12, 2026

78 min

Mar 12, 2026 11:30

M.P. Ahammad awarded Business Bhushan 2026 by Maharashtra CM Devendra Fadnavis

## Prestigious Recognition for Malabar Group Chairman

M.P. Ahammad, Chairman of Malabar Group, has been honored with the Business Bhushan Award 2026. The award was presented by Maharashtra Chief Minister Devendra Fadnavis at the Lokmat Maharashtrian of the Year Awards, held at the Gateway of India.

## Celebrating Leadership and Vision

The award acknowledges Ahammad's significant contributions to the global jewellery retail industry and his role in transforming Malabar Gold & Diamonds into a leading international brand. The company is now the fifth largest jewellery retailer worldwide and the largest of Indian origin.

## Event Highlights

The ceremony was attended by prominent figures, including Deputy Chief Minister Eknath Shinde and Asher O, MD-India Operations of Malabar Gold & Diamonds. The event celebrated individuals who have made impactful contributions to their industries and society.

## Malabar Group's Journey

Founded in 1993, Malabar Gold & Diamonds has been a pioneer in responsible jewellery retail, with 425 showrooms across 14 countries. The brand has integrated the entire jewellery value chain, enhancing customer experience and contributing to employment and the organised retail ecosystem.

## Commitment to Social Responsibility

Ahammad's leadership is also marked by a strong commitment to corporate social responsibility, with the company dedicating 5% of its profits to education, healthcare, housing, and women's empowerment initiatives. This approach has benefited communities across its operational regions.

## Future Expansion Plans

Malabar Gold & Diamonds plans to expand further in Maharashtra, aiming for 64 stores by 2029. This growth is expected to continue boosting employment and strengthening the jewellery ecosystem in the region.

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