Key areas of the initiative include women, health, education, housing, hunger, and environmental conservation.
Malabar Gold & Diamonds, the world’s fifth-largest retail jewellery group and a responsible jewellery brand, today announced its CSR initiatives worth $24 million for the financial year 2026–27 at an event held at the Dr Ambedkar International Centre in New Delhi, in the presence of Shri Piyush Goyal, Union Minister for Commerce and Industry.
During the event, the Union Minister inaugurated the distribution of educational scholarships to 33,000 female students across India. The ceremony was attended by Malabar Group Chairman M.P. Ahammad, Malabar Gold & Diamonds Managing Director – India Operations O. Asher, Executive Directors Nishad A.K. and Abdulla Ibrahim, Kerala House Resident Commissioner Puneet Kumar, IAS, Pratham CEO Rukmini Banerji, and Thanal Chairman Dr. Idris, among others.
Union Minister Piyush Goyal highlighted that the initiatives of the Malabar Charitable Trust closely align with Prime Minister Narendra Modi’s vision of empowering India’s daughters through programmes such as Beti Bachao, Beti Padhao. He added, “Malabar Gold & Diamonds’ decision to allocate $24 million towards CSR will further strengthen the nation’s progress,” emphasising that India’s growth is rooted in the empowerment of its people — especially women and girls — and commending the company’s efforts in driving meaningful change through education.
“He also encouraged students and young citizens to dream big, aspire beyond limitations, and seize the vast opportunities India offers, urging them to contribute actively to the nation’s growth story.”
Malabar Group Chairman M.P. Ahammad highlighted, “Human resource development is the backbone of national growth. Nurturing talent through quality education is essential, and this scholarship programme enables students to achieve academic success and contribute meaningfully to the country’s development. The group remains committed to creating sustainable, long-term societal impact through significant CSR investments.”
During 2026–27, Malabar Gold & Diamonds will implement CSR projects worth $24 million across more than 3,000 locations in 19 states in India, encompassing 15 major initiatives and expected to benefit over 200,000 people.
Education remains a key focus, with $14 million allocated to programmes such as micro-learning centres for street children and national scholarship schemes for girls. Food security efforts under the Hunger Free World project will receive $3.6 million, while healthcare initiatives are earmarked $1.7 million. Housing projects, including the Grandma Home initiative for destitute mothers, will receive $3 million. Additionally, $0.82 million is designated for other humanitarian activities, and $1.2 million for environmental protection.
As part of the Malabar Group’s 33rd anniversary, scholarships will be awarded this year to 33,000 girl students from 284 districts across 18 states. Since its inception, the programme has supported over 115,000 girls. All CSR initiatives are implemented through the Malabar Charitable Trust.
For street children’s rehabilitation, Malabar Gold & Diamonds has established 1,543 micro-learning centres across 17 states in partnership with Pratham Education Foundation, one of India’s largest NGOs. The number of centres will expand to 2,500 this year, with student enrolment expected to grow from over 64,000 to 100,000.
Under the Hunger Free World project, Malabar Gold & Diamonds provides nutritious meals daily to 115,000 people across India, Zambia, and Ethiopia. Other CSR initiatives include the Grandma Home project, which offers free accommodation and care for destitute women, and Malabar-Thanal pharmacies, which supply medicines at subsidized rates to the underprivileged.
Guided by ESG principles, Malabar Gold & Diamonds has committed 5 per cent of its net trading profit to CSR activities since its inception. These initiatives focus on women’s empowerment, healthcare, education, housing, hunger alleviation, and environmental protection, implemented in collaboration with NGOs such as Pratham and Thanal.
To date, these efforts have positively impacted the lives of over 1.8 million people across India.
