Dailymirror.news , MUMBAI, March 11, 2026:Mr. M.P. Ahammad, Founder and Chairman of Malabar Group, has been honored with the prestigious Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026. The accolade recognizes his visionary leadership in transforming the global jewelry retail landscape and his extensive contributions to social welfare.

The grand ceremony, held at the historic Gateway of India, was attended by a galaxy of leaders, including Maharashtra Chief Minister Sri Devendra Fadnavis, Deputy Chief Minister Sri Eknath Shinde, and Lokmat Media Group Chairman Sri Vijay Darda, alongside prominent industrialists and policymakers.

A Global Milestone for Indian Enterprise
Under Mr. Ahammad’s stewardship, Malabar Gold & Diamonds has grown from its humble beginnings in 1993 to become the 5th largest jewelry retailer in the world and the largest of Indian origin. Today, the brand operates 425 showrooms across 14 countries, serving as a global ambassador for Indian craftsmanship.

Upon receiving the honor, Mr. M.P. Ahammad said:

“I am deeply honored to receive the Business Bhushan award. This recognition belongs to the entire Malabar family and our loyal customers. Our journey is built on integrity and a commitment to creating lasting value for society through collective growth.”

Driving Growth in Maharashtra
Maharashtra remains a cornerstone of Malabar Gold & Diamonds’ operations, currently hosting 34 showrooms. The brand’s presence has significantly boosted local employment and strengthened the organized retail sector. Looking ahead, the group has announced a strategic expansion plan to increase its footprint to 64 stores in Maharashtra by 2029.

Purpose Beyond Profit
Mr. Ahammad has been a pioneer in integrating CSR (Corporate Social Responsibility) into the core business model. Since its inception, the group has consistently pledged 5% of its profits toward:

Education and Healthcare initiatives.

Women’s Empowerment programs.

Housing Support for those in need.

The award cements Mr. Ahammad’s status as one of India’s most respected business icons, illustrating a blueprint for success where global enterprise and social responsibility go hand in hand.