Malabar Gold & Diamonds CSR initiatives to benefit over 70,000

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THE holy month of Ramadan is here and millions of people around the world are getting ready to welcome this holy month with the acts of service, charity and prayers. As in previous years, Malabar Gold & Diamonds, one among the BIG 5 global jewelry retailer strengthens its CSR activities in the GCC and Far East region this Ramadan. Malabar Gold & Diamonds has planned a month long CSR activities in association with like-minded organizations to benefit the needy. Over 70,000 special Iftar meals / kits will be distributed during this period.

Since its inception in 1993, Malabar Group has been actively involved in CSR activities with the aim of creating a difference to the community in and around their area of operations. The importance of CSR activities for Malabar Group has grown over the decades and the group sets aside 5% percentage of its net profit for the benefit of the needy in the respective markets it operates in. They undertake social welfare activities all year long, focusing on five priority areas such medical, educational sector, environment as well as housing and women empowerment.

Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of over 215 outlets spread across nine countries, 13 wholesale units in addition to offices, design centers and factories spread across India, Middle East & Far East. With an annual turnover of $4.5 billion, the company currently ranks among the BIG 5 jewelry retailers globally.

With 11 cluster manufacturing units in India and GCC – the company currently has 9 jewelry brands to cater to the discerning needs of customers. With headquarters in Kerala and branches across India, Middle East & Far East, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.

The group also operates MGD – Lifestyle Jewelry, a retail concept offering trendy and light weight jewelry that represents the independent and the modern woman through its designs and collections.

The group, owned by over 1,700 shareholders excels in quality products and services, has more than 12,000 professionals working for its continued success. Malabar Gold & Diamonds also features an online store – www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewelry any time and on any day from the comfort of their home. _ SG


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