Growth Timeline 1993 – 2026

M.P. Ahammed opens a 200 sq ft shop with ₹50 lakh capital pooled from personal assets and 7 family investors. Revenue: ₹5 million in year 1.

Ahammed becomes the first jeweller in Kerala to introduce BIS hallmarked, 916 purity gold. Malabar Charitable Trust also established — 5% of net profit to CSR.

Malabar crosses India's borders for the first time, targeting NRI and Malayali expatriate customers across the Gulf. Company by now has 10 directors.

Steady Kerala-Gulf corridor growth pays off. Malabar becomes a significant regional brand as domestic expansion accelerates into new Indian states.

Formal expansion across UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman. Targets NRI base with uniform gold rates and Indian-standard purity guarantees.

A symbolic milestone — the brand's 50th store opens in Saudi Arabia, cementing Malabar as the go-to jeweller for the Indian diaspora across the Gulf.

With revenues of $4 billion, Malabar is ranked 19th among global luxury goods companies by Deloitte. Expansion reaches Singapore, Malaysia, USA, UK, and Australia.

A landmark 400th showroom opens in Sector 18, Noida. Company operates across 13 countries with 27,500 employees and 14 manufacturing facilities.

World's 5th–6th largest jewellery retailer. IPO planned 2027–28. Target: No. 1 global jewellery brand by 2030.