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Malabar Gold and Diamonds receives Prestigious Legal Era – Indian Legal Award

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Malabar Gold and Diamonds receives Prestigious Legal Era - Indian Legal Award
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The recognition highlights the company’s exemplary performance in the realm of compliance and risk management

Mumbai– Malabar Gold and Diamonds, the world’s 6th largest jewellery group and ranked 19th in Deloitte’s Global Ranking of Luxury Products, recently received the 13th Annual Legal Era-Indian Legal Awards. The company has been bestowed with the coveted ‘Compliance and Risk Management Team of the Year 2023-24’ award in the legal category, underscoring its commitment to legal excellence and ethical business practices.

The award was presented at a ceremony held at Hotel Taj Palace, New Delhi, attended by luminaries including Former Chief Justice of India Dipak Misra, Delhi High Court Chief Justice Manmohan, and Delhi High Court Judge Justice Pratibha Singh. Representing Malabar Gold and Diamonds, Vice Chairman KP Abdul Salam, Legal and Corporate Affairs Group Head Rajeev Nair, and Practicing Company Secretary C Ashiq accepted the accolade.

In a competitive landscape featuring prominent corporate entities, Malabar Gold and Diamonds stood out among esteemed peers including Aditya Birla Group, Hindustan Unilever Limited, Hyundai Motors India Limited, ITC Limited, Maruti Suzuki India Limited, Tata Chemicals, Tata Steel Limited, LTI Mind Tree, and others. The recognition highlights the company’s exemplary performance in the realm of compliance and risk management, a testament to its dedication to upholding the highest standards of corporate governance.

The award selection process, overseen by a distinguished panel comprising legal luminaries such as former Chief Justice of India Dipak Misra, former Supreme Court Judges Justice BN Srikrishna, Justice Arjan Sikri, and Justice Deepak Verma, affirmed Malabar Gold and Diamonds’ exceptional contributions to the legal domain.

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Ethical business practices, transparent and professional fund management, and business plans based on ESG principles have qualified the company to win the award in the Compliances and Risk Management Team category, alongside other large corporates in the country.

On receiving the recognition, MP Ahammed, Chairman of Malabar Group, expressed, “We are very happy and proud to be honored with this prestigious award. The excellent work being done under the leadership of the Company Secretary is commendable. Our mission, ‘Make in India, Market to the World,’ underscores our dedication to contributing to the nation’s prosperity by generating employment opportunities and adhering to stringent compliance standards.”

Malabar Gold and Diamonds operates on a global scale, ensuring adherence to all regulatory requirements and fostering transparent relationships with business entities, financial institutions, and government regulators. As a responsible jeweller, the company exclusively sources gold from legitimate and responsible mines, adhering to the highest ethical standards. By strictly adhering to local laws and tax regulations in every jurisdiction it operates in, Malabar Gold and Diamonds remains committed to contributing to the socio-economic development of the countries it serves.

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