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Malabar Gold & Diamonds opens its Malabar National Hub (M-NH) in Andheri, Mumbai

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The 50,000 sq. ft. centralized hub brings together retail, procurement supply chain, and B2B operations in India

Malabar Gold & Diamonds has launched the Malabar National Hub (M-NH), its centralised base of India operations, at the Maharashtra Industrial Development Complex (MIDC) in Andheri East, Mumbai.

The facility was inaugurated by Devendra Fadnavis, Deputy Chief Minister of Maharashtra in the presence of M.P Ahammed, Chairman, Malabar Group, Vijay Darda, former Member of Parliament and Chairman, Lokmat Media Group, K.P Abdul Salam, Vice Chairman, Malabar Group, Asher O, Managing Director, India Operations, Malabar Gold & Diamonds, Group Executive Directors AK Nishad, KP Veerankutty, Mayinkutty, Abdul Majeed, AK Faisal, Abdulla, West Regional Head Fanzeem Ahammed, other official dignitaries, management team members of Malabar Group, industry partners, and well-wishers.

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. M-NH will usher in a new era of growth and catapult the brand to new heights by paving the way for Malabar Gold & Diamonds to achieve its business goals. The company has deployed more than 450 employees to run the operations at M-NH.

Mumbai being the financial capital of India and a major global jewellery and diamond trading hub, Malabar Gold & Diamonds has set up its base for its national operations in the city to leverage its strategic advantages.

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Commenting on the inauguration of M-NH, M.P Ahammed, Chairman, Malabar Group said, “As we celebrate 30 glorious years of our journey, the opening of Malabar National Hub is a proud moment and a significant landmark for us. It will further fuel our global growth aspiration and lay the foundation for the next phase of growth. 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. I would like to take the opportunity to thank our loyal customers, shareholders, associates, and employees for their whole-hearted support. We would like to express our gratitude to Devendra Fadnavis, Deputy Chief Minister of Maharashtra, for his support in developing M-NH and gracing the event with his august presence. We also would like to thank the Government of Maharashtra for their continuing support in helping us in setting up M-NH and serving the customers in Maharashtra.”

“M-NH will play a pivotal role in spreading the famed jewellery craftsmanship of our country both in the domestic and global markets. 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 Asher O, Managing Director – India Operations, Malabar Gold & Diamonds.

“Our continued efforts to project the country’s unparalleled craftsmanship to the domestic market and to the world are delivering the desired results. 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. M-NH will play an enabling role in realising our ambitious growth plans” said Abdul Salam K.P., Vice Chairman, Malabar Group.

In strict adherence to Malabar Gold & Diamonds’ commitment towards ESG (Environmental, Social & Governance) guidelines, various environmental and sustainable initiatives have been incorporated in the building’s designs and the facility is in the process of getting its LEED GOLD certification.

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