M. P. Ahammed | |
|---|---|
| Born | 1 November 1957 |
| Nationality | Indian |
| Occupation | Businessman |
| Years active | 1991 – present |
| Known for | Chairman of Malabar Group of Companies |
| Spouse | K. P. Subaida |
| Children | 2 |
M. P. Ahammed (born 1 November 1957) is an Indian businessman and the chairman of the Malabar Group of Companies. He is the founder of Malabar Gold & Diamonds, one of the world's largest retail jewellery groups. [1]
According to the Economic Times, in 2012 Malabar Gold and Diamonds made a turnover of ₹120 billion, [2] and by the end of 2013, the company's turnover touched ₹220 billion. [3]
M. P. Ahammed was born on 1 November 1957 in Kozhikode, Kerala, in a Muslim family to Mammad Kutty Hajee and Fathima. He completed his schooling at the Government High School in Kozhikode and later earned a Bachelor of Commerce degree from the University of Calicut. [4] [5]
At the age of 17, Ahammed ventured into business by establishing an agro-products firm. By 1981, he expanded into trading spices and copra. [6] In 1993, he founded Malabar Gold & Diamonds in Kozhikode, with an initial capital of ₹50 lakh. Under his leadership, the company has grown into one of the world's largest jewelry retailers, with over 340 showrooms across 13 countries. [7] [8] [9]
Ahammed is involved in philanthropic initiatives through the Malabar Group, including the Hunger Free World project, which provides nutritious meals to those in need, and the Grandma Home initiative, which provides free accommodations for underprivileged women in Bengaluru and Hyderabad, with plans to expand to other major cities. [10]
Ahammed is married to K. P. Subaida. They have two children. His son Shamlal Ahammed is the company's managing director of international operations. [11]