M. P. Ahammed

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M. P. Ahammed
Born (1957-11-01) 1 November 1957 (age 67)
Kozhikode, Kerala, India
Nationality Indian
OccupationBusinessman
Years active1991 – present
Organization Malabar Gold & Diamonds
Known forChairman of Malabar Group of Companies
TitleFounder and chirperson
SpouseK. P. Subaida
Children2

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]

Contents

Early life and career

M. P. Ahammed was born on 1 November 1957 in Kozhikode, Kerala to Mammad Kutty Hajee and Fathima, in a family involved in trade and agriculture. [2] He completed his schooling at the Government High School in Kozhikode and later earned a Bachelor of Commerce degree from the University of Calicut. [3] [4]

At the age of 17, Ahammed ventured into business by establishing an agro-products firm. By 1981, he expanded into trading spices and copra. [5] 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. [6] [7] [8]

According to The Economic Times, Malabar Gold & Diamonds reported revenues of ₹120 billion in 2012, which increased to ₹220 billion in 2013. [9]

Philanthropy

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]

Personal life

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]

References

  1. ↑ "Top Six Jewellers who control India's Gold". Economic Times. 3 May 2013.
  2. ↑ Yerunkar, Anirudha (31 March 2025). "Meet Indian man who was once a small spice trader, now owns one of world's biggest Jewellery brand named as…, he is…". www.india.com. Retrieved 18 September 2025.
  3. ↑ "Meet MP Ahammed, the owner of Malabar Gold and Diamonds; know how he started as a spice trader and worked hard to become the top gold retailer in the world". Financialexpress. 2 October 2023. Retrieved 4 May 2025.
  4. ↑ "From selling spices to building Rs 51,000 crore empire: Meet MP Ahammed, the man behind Malabar Gold and Diamonds". Indiatimes. 31 July 2024. Retrieved 4 May 2025.
  5. ↑ "Malabar Gold opens new store at Himayath Nagar". Telangana Today. 28 January 2017.
  6. ↑ "Meet MP Ahammed, the owner of Malabar Gold and Diamonds; know how he started as a spice trader and worked hard to become the top gold retailer in the world". Financialexpress. 2 October 2023. Retrieved 4 May 2025.
  7. ↑ Patwa, Priyadarshini (30 March 2020). "How This Brand Became One of the Top Gold and Jewellery Retailers Worldwide". Entrepreneur. Retrieved 4 May 2025.
  8. ↑ "Malabar Gold & Diamonds wins Responsible Jewellery House Award at India Gold Conference". The Arabian Stories News. 26 August 2024. Retrieved 4 May 2025.
  9. ↑ "Malabar Gold: From Rs 50 lakh to Rs 22,000 crore in just 20 years" . Retrieved 8 January 2016.
  10. ↑ aash@aash.in. "M P Ahammed - One of the most influential Indian Muslims 2024". the100indianmuslims.com. Retrieved 4 May 2025.
  11. ↑ "The Indian jewellery retailer that's now bigger than Tiffany's". 8 May 2018.
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