M. P. Ahammed

Last updated

M. P. Ahammed
Born (1957-11-01) 1 November 1957 (age 67)
Kozhikode, Kerala, India
Nationality Indian
OccupationBusinessman
Years active1991 – present
Known forChairman of Malabar Group of Companies
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 also the founder of Malabar Gold and Diamonds, one of the world's largest retail jewellery groups. [1]

Contents

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]

Early life and career

M. P. Ahammed was born to Mammad Kutty Hajee and Fathima. At the age of 17, he started his first business venture of agro products. In 1981, at the age of 24, he started a trading business of spices and copra. [4]

Ahammed is the founder of Malabar Gold and Diamonds, a BIS certified Indian jewellery group based in Kozhikode, Kerala, India. He is also the company's current chairman. [5]

Personal life

Ahammed is married to K. P. Subaida, and they have two children. His son Shamlal Ahammed is the company's managing director of international operations. [6]

Related Research Articles

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian billionaire industrialist and philanthropist (born 1967)

Kumar Mangalam Birla is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$23 billion, as of March 2024 making him the 6th richest person in India.

<span class="mw-page-title-main">Albert Bensimon</span> Egyptian-Australian businessman

Albert Bensimon is an Egyptian-Australian businessman from Adelaide, South Australia. He is most well known as the owner of Shiels Jewellers. He frequently appeared in television advertisements and became famous for his catchphrase "No Hoo-Haa".

<span class="mw-page-title-main">Joy Alukkas</span> Indian businessman

Joy Alukkas is an Indian businessman from Kerala. He is the chairman and managing director of Joyalukkas Group. According to a 2023 Forbes report, he has a net worth of $4.4 billion.

The city of Thrissur, the cultural capital of Kerala, is also a major commercial and business hub of South India. It is said to be the heartland of Kerala's business acumen and home to most every leading Malayali entrepreneurs. The city which is famous for Bullion, Banking and its Business acumen, is the darling of investors in Kerala. Thrissur is also referred as the Golden city of India. It manufactures 70% of plain gold jewellery in Kerala per day. According to a survey, Thrissur city has been placed on 7th among the ten cities in India to reside. According to Registrar of Companies, the period from 1 January to 31 March 2010, 87 companies were registered in Thrissur and stood second in Kerala after Cochin. Thrissur's traditional strength lies in best entrepreneurial and financial capabilities.

<span class="mw-page-title-main">Reliance Retail</span> Indian retail company

Reliance Retail is an Indian retail company and a subsidiary of Reliance Industries. Founded in 2006, it is the largest retailer in India in terms of revenue. Its retail outlets offer foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. As of 2023, it has over 245,000 employees at 18,000 store locations in 7,000 towns. Apart from physical stores, the company also sells products on its e-commerce channels.

<span class="mw-page-title-main">Pure Gold Jewellers</span> Indian jewellery retailer based in the Middle East

Pure Gold Jewellers is a jewellery retailer with 120 stores across the Middle East, in the UAE, Oman, Kuwait, Qatar, Jordan, KSA, Bahrain, and Sri Lanka. The company also has 200 stores in India. The company's stores sell a variety of jewellery in diamonds, gold, platinum, Murano glass and precious stones. Founded by Indian expatriate Firoz Merchant in 1989, the first Pure Gold Jewellers store was established in Dubai. Merchant has focused on gradual expansion of the brand's retail network. The company entered the Indian market in 2010. It has plans to open 200 stores in the country in the next few years. Pure Gold are the sole concessionaire for retail of gold and diamond jewellery at Abu Dhabi Duty Free, Kuwait Duty Free and Muscat Duty Free. Pure Gold Jewellers employs more than 1000 retail staff across the globe and also owns two jewellery manufacturing factories in India and in China, employing over 1,500 workers.

<span class="mw-page-title-main">Tribhovandas Bhimji Zaveri</span> Indian jewelry company

Tribhovandas Bhimji Zaveri Ltd. (TBZ) is a noted Indian jeweller and jewellery retail chain based in India. Established in 1864 by Tribhovandas Bhimji Zaveri in Zaveri Bazaar, the jewellery district of Mumbai, it was subsequently headed by his son, Gopaldas Tribhovandas Zaveri, and now Shrikant Zaveri, is the present chairman and managing director of the group. The company today, has 37 showrooms in 23 cities across eleven states, including Jaipur,Mumbai, Surat, Kochi, Bhopal, Hyderabad, Kolkata, and Rajkot The company proposed an Initial Public Offer (IPO) in July 2011.

<span class="mw-page-title-main">T. S. Kalyanaraman</span> Indian businessman (born 1947)

T. S. Kalyanaraman is an Indian businessman and the managing director of Kalyan Jewellers and Kalyan Developers. Kalyan Group is the holding company of Kalyan Jewellers.

<span class="mw-page-title-main">Kalyan Jewellers</span> Indian jewellery chain

Kalyan Jewellers is an Indian multinational jewellery company, headquartered in Thrissur, Kerala. It was founded in 1993 by T. S. Kalyanaraman. As of July 2024, Kalyan Jewellers operates 277 showrooms across India and the Middle East.

<span class="mw-page-title-main">Bhima Jewellers</span> Indian jewelry company

Bhima Jewellers is a jewellery retail company based in India. It was established by Bhima Bhattar in the year 1925. As of June 2023, the group has 116 jewellery shops across South India and more than 2000 employees. Bhima Jewellers were the first jewellery store to introduce ready-made jewellery concept under the guidance of its founder Bhima Bhattar.

PC Jeweller Limited is a jeweller based in New Delhi, India. It started operations in April 2005 with one showroom at Karol Bagh Delhi and 80 showrooms in India. It is a first generation business promoted by two brothers- Padam Chand Gupta and Balram Garg. It presently has 80 stores in 66 cities across 17 States/UT.

<span class="mw-page-title-main">Nirav Modi</span> Indian diamond dealer and Man accused in the PNB bank scam

Nirav Deepak Modi is an Indian-born Belgian businessman and criminal who was charged by Interpol and the Government of India for criminal conspiracy, criminal breach of trust, cheating and dishonesty including delivery of property, corruption, money laundering, fraud, embezzlement and breach of contract in August 2018. Modi is being investigated as a part of the $2 billion fraud case of Punjab National Bank (PNB). In March 2018, Modi applied for bankruptcy protection in Manhattan, New York. In June 2018, Modi was reported to be in the UK applying for political asylum. In June 2019, Swiss authorities froze a total of US$6 million present in Nirav Modi's Swiss bank accounts along with the assets.

<span class="mw-page-title-main">P. A. Ibrahim Haji</span> Indian entrepreneur and philanthropist (1943–2021)

Pallikere Abdulla Ibrahim Haji was an Indian entrepreneur and philanthropist based in the United Arab Emirates. He had investments in the education, automotive, and jewellery industries. He was the chairman of the PACE Education group, founder and vice-chairman of the Indus Motor Company, and the co-chairman of Malabar Gold.

V. A. Shrikumar is an Indian ad film, feature film director and businessman. He has directed more than 400 commercials for various brands. He is the chairman and managing director of Push Integrated Communications, a marketing company. He directed his debut feature film Odiyan in 2018. Despite mixed reviews, it was a major commercial success at the box office, becoming one of the highest-grossing Malayalam films of all time. Before the arrival of K.G.F: Chapter 2, Odiyan was the holder of the first day's highest box office opener in Kerala, by collecting more than 7 crores.

Candere was founded in 2012 by Rupesh Jain and Ashish Bajaj as an Indian online portal for Gold, Diamond, Gemstone, Platinum jewellery and gold coins. Candere is a Latin word which means to glow or shine.

Rajesh Jaswanth Rai Mehta is an Indian billionaire businessman, based in Bangalore. He is the owner and executive chairman of the jewellery company Rajesh Exports. As of April 2017, Forbes estimated his net worth at $2.6 billion, making him the 61st richest person in India.

<span class="mw-page-title-main">Malabar Gold and Diamonds</span> Indian jewellery group

Malabar Gold & Diamonds is an Indian jewellery group headquartered in Kozhikode, Kerala. The company was founded by M. P. Ahammed in 1993. As of May 2023, it owns more than 330 showrooms across 11 countries, making it one of the largest chains of jewellery retailer in the world. The company also owns Malabar Watches, a network of luxury watch boutiques operating across India.

P. N. Gadgil Jewellers Limited, also known as Purshottam Narayan Gadgil Jewellers, is an Indian jewellery company founded by Ganesh Gadgil in Sangli in 1832. It is one of the oldest jewellery companies in India, known for its production of jewellery distinctive to the Maharashtra region. As of 2024, the company is based in Pune and operates 39 stores in Maharashtra and Goa, and one in California, US.

M Kiran Kumar is an Indian businessman and the chairman of Lalitha Jewellery and philanthropist from Nellore, Andhra Pradesh. He is also the managing director of Lalitha Jewellery, one of India's largest retail jewellery advertiser on TV and world's largest jewellery showroom owner having 1,30,000 sq ft surpassing Malabar Gold showroom having 1,10,000 sq feet.

<span class="mw-page-title-main">Saurabh V. Gadgil</span> Indian entrepreneur

Saurabh V. Gadgil is an Indian entrepreneur who serves as the Managing Director and Chairman of PNG Jewellers, a jewellery company established in 1832. He is the grandson of Anant Gadgil, the founder of P N Gadgil Jewellers, also known as Dajikaka. Gadgil is also a Director and National Vice President of the India Bullion & Jewellers Association Ltd. (IBJA).

References

  1. "Top Six Jewellers who control India's Gold". Economic Times. 3 May 2013.
  2. "Malabar Gold and Diamonds – One of top jewellers in India". Indiatimes. 2 May 2013.
  3. "Malabar Gold: From Rs 50 lakh to Rs 22,000 crore in just 20 years" . Retrieved 8 January 2016.
  4. "Malabar Gold opens new store at Himayath Nagar". Telangana Today. 28 January 2017.
  5. "Malabar Gold aims to become world's top jewellery retailer". Gulf News. 26 March 2013.
  6. "The Indian jewellery retailer that's now bigger than Tiffany's". 8 May 2018.