Indian name shines in the world of jewellery retail
M. P. Ahmed was named ‘Maharashtrian of the Year 2026’
M.P. Ahmed, Chairman of the Malabar Group, who has taken the Indian identity to new heights in the global jewelry retail industry, was honored with the prestigious ‘Business Bhushan’ award at the Lokmat Maharashtrian of the Year Awards 2026. The honor was presented to him by Maharashtra Chief Minister Devendra Fadnavis.
Held at the historic Gateway of India in Mumbai, the grand ceremony was attended by numerous prominent figures from politics, industry, and the entertainment world. Maharashtra Deputy Chief Minister Eknath Shinde, Lokmat Chairman Vijay Darda, several ministers, senior officials, and prominent figures from various fields attended the event.
Organised by Lokmat Media Group, the award recognizes individuals who have reshaped both industry and society through their vision, leadership and achievements.
M. P. Ahamed was honored for his outstanding leadership in the jewelry retail sector and for strengthening the global recognition of Indian brands. Under his leadership, Malabar Gold & Diamonds has grown to become the world’s fifth-largest jewelry retail chain and the largest Indian-origin jewelry retail company.
After receiving the honor, M.P. Ahmed said that this achievement is not just his, but a victory for the entire Malabar family and the trust of its customers. He said, “I am extremely proud to receive the Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards. This is the result of the hard work of our entire Malabar family and the trust of our customers. Our goal has always been to move forward with responsibility, integrity, and creating lasting value for society.”
Maharashtra has become an important hub for the expansion of Malabar Gold & Diamonds.
The company currently operates 34 showrooms in major cities such as Mumbai, Pune, Nagpur, and Nashik. This expansion has not only strengthened the organized jewelry retail sector but also provided employment to thousands of people. The company plans to increase the number of its stores in Maharashtra to 64 by 2029.
M.P. Ahmed is known not only as a successful entrepreneur but also as an industrialist committed to the society.
Since its inception, the Malabar Group has emphasized corporate social responsibility and ESG principles. Each year, the Group invests 5% of its profits in social programs such as education, health, housing assistance, and women’s empowerment, benefiting thousands of people across diverse sectors.
M.P. Ahmed’s Business Bhushan Award recognizes his visionary leadership, strong business values, and dedication to society. His success story serves as an inspiration for aspiring entrepreneurs and demonstrates that with the right vision and responsibility, businesses can reach global heights.
Indian Name Shines in Global Jewelery Retail: Malabar Group Chairman MP
The Face Behind Malabar’s Global Sparkle — MP Ahmed Honored for Visionary Leadership
Mumbai/Thane (Anil Bedag):
MP Ahammad, Chairman of Malabar Group, has been honored with the prestigious ‘Business Bhushan’ award at the Lokmat Maharashtrian of the Year Awards 2026, recognizing his visionary leadership and immense contribution to the global jewelery retail industry. The honor was presented by Maharashtra Chief Minister Devendra Fadnavis.
The grand ceremony was held at the historic Gateway of India in Mumbai, bringing together leading personalities from politics, business, and the entertainment industry. The event was attended by Maharashtra Deputy Chief Minister Eknath Shinde, Lokmat Chairman Vijay Darda, along with ministers, senior bureaucrats, and several distinguished guests from various sectors.
Organized by Lokmat Media Group, the awards celebrate individuals whose vision, leadership, and achievements have significantly shaped industries while making meaningful contributions to society.
MP Ahammad was recognized for his outstanding leadership in the jewelery retail sector and for strengthening the global presence of an Indian-origin brand. Under his leadership, Malabar Gold & Diamonds has grown to become the fifth-largest jewelery retail chain in the world and the largest jewelery retailer of Indian origin.
Expressing his gratitude after receiving the award, Ahammad said the recognition belongs to the entire Malabar family and the trust of its customers.
“This honor at the Lokmat Maharashtrian of the Year Awards is truly special for me. It reflects the dedication of the entire Malabar family and the trust our customers have placed in us. Our journey has always been guided by responsibility, integrity, and a commitment to creating lasting value for society while striving for excellence,” he said.
Maharashtra has emerged as a key market for Malabar Gold & Diamonds.
The brand currently operates 34 showrooms across major cities including Mumbai, Pune, Nagpur, and Nashik. This growing presence has not only strengthened the organized jewelery retail ecosystem but also generated significant employment opportunities in the state.
The company plans to further expand its footprint and aims to increase the number of stores in Maharashtra to 64 by 2029.
Beyond business success, MP Ahammad is widely recognized for his strong commitment to social responsibility. Since its inception, Malabar Group has embedded Corporate Social Responsibility (CSR) and ESG principles into its core operations.
The group dedicates 5% of its annual profits to social welfare initiatives, including programs in education, healthcare, housing support, and women’s empowerment, benefiting thousands of people across regions where it operates.
The Business Bhushan award further reinforces MP Ahmed’s stature as one of India’s most respected business leaders. His journey continues to inspire aspiring entrepreneurs and demonstrates how visionary leadership combined with strong values can build globally respected enterprises.
