MALABAR GOLD & DIAMONDS LAUNCHES THE HUNGER-FREE WORLD CAMPAIGN IN MUMBAI

1st August 2023

Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, has rolled out Malabar Group’s Hunger-Free World campaign at Vasai, Mumbai. As part of the inauguration programme, Goa Governor Adv. P S Sreedharan Pillai flagged off a food distribution vehicle. Popular Actor and Rajya Sabha member Suresh Gopi, Malabar Gold & Diamonds Bullion Head Dilip Narayanan, Regional Head (West) A T Fanseem Ahmed, and others were also present for the event

‘Hunger-Free World’, the Corporate Social Responsibility (CSR) campaign of Malabar Group, aims to provide daily meals to people in need. Malabar Group has launched this initiative in collaboration with Thanal, a voluntary organisation known for its commitment to social service. Under the campaign, over 30,000 food kits are distributed daily from 24 distribution centres in different states.

Commenting on the launch, M P Ahammed, Chairman of Malabar Group, said, “At Malabar Group, we aim to run our business aligned to the best industry standards in a manner that is safe, environment-friendly, and sensitive to the necessities and concerns of the communities. We are dedicated to catering to society’s expectations and giving back to the community in general and the underprivileged in particular. Our ‘Hunger-Free World’ initiative reflects our ethos, and we are pleased to launch it at Vasai to reach out to more people.”

To carry out the ‘Hunger Free World’ campaign, kitchens equipped with modern facilities have been set up in different locations. Trained cooks and other support staff are assigned to prepare food. Food packages are delivered directly to people living on the streets.

Malabar Group allocates five percent of its profits to various social welfare activities. The fund is spent on women empowerment, providing shelter and food to people in need, medical support, and the education of girl students. Malabar Group has already spent over Rs. 200 crores on such activities.

About Malabar Gold & Diamonds:

Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of $5.2 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of over 327 outlets spread across 11 countries in addition to multiple offices, design centres, wholesale units and factories spread across India, Middle East, Far East & USA. The group, owned by more than 4,000 shareholders, has more than 18,500 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favourite jewellery at any time and on any day from the comfort of their homes.

The group also operates MGD – Lifestyle Jewellery, a retail concept offering trendy and lightweight jewellery that represents the independent and the modern woman through its designs and collections. ESG (Environmental, Social & Governance) has been the primary commitment of the group since its inception. The key ESG focus area of Malabar Group are Health, Housing, Hunger Free world, Education, Environment, and Women empowerment. Integrating the principles of responsibility and sustainability into its core business, Malabar Group periodically strengthens its ESG goals to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.