Malabar opens showroom in Noida, to enter new international markets
India’s largest jewellery retailer Malabar Gold & Diamonds recently opened its 212 jewellery showroom in the city of Noida and plans to add 50 more stores in India and abroad this year.
The Noida store, which is located at Sector 18, was inaugurated by Bollywood actor Anil Kapoor and will house latest jewellery collections under various sub-brands such as Mine, Era, Ethnics, Divine, Precia and Starlet offering discounts and gifts to customers.
Malabar Gold & Diamonds is planning to scale up its operations in a big way this year by opening up retail stores and manufacturing units which is expected to create over 1000 jobs in the jewellery sector. In India, the company is planning to open 8 stores in the immediate future with 5 in the national capital Delhi and three in the northern state of Punjab.
The company will also foray into new markets like US, Sri Lanka, Bangladesh and Brunei this year to expand its global footprint by opening 50 stores in new and existing locations.
“Our core business values such as adherence to transparency, honesty, quality along with our value added services, product designs that suited to every class of customers’ taste cutting across age group are the key factors that give us global acceptance”, said company chairman M.P. Ahammed in a statement adding In 2018, we will be opening more showrooms as well as manufacturing units. This will fuel our vision to become the top jewellery retailer in the world”.
“We are planning to open new showrooms in various states across the country. To expand global footprint, we plan to add 50 stores under different formats in different countries in the running year. The company will also set its footprints in the US, Sri Lanka, Bangladesh and Brunei this year itself,” Ahammed added.
Malabar Group currently has 212 stores in India and abroad out of which 112 outlets are overseas making it one of the largest jewellery chains in the world. It also has overseas manufacturing facilities in Saudi Arabia, Qatar and the UAE.
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
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