Union Minister Piyush Goyal Unveils Malabar Gold & Diamonds’ ₹200 Crore CSR Initiative for FY 2026–27

New Delhi, March 25, 2026: Malabar Gold & Diamonds, the world’s fifth-largest retail jewellery group and a responsible jewellery brand, has today announced their CSR initiatives worth INR 200 crore for the financial year 2026-27 held at Dr. Ambedkar International Centre in New Delhi in the presence of Shri Piyush Goyal, Union Minister for Commerce and Industry.

At the CSR initiative, the Union Minister inaugurated the distribution of educational scholarships for 33,000 girl students across India. The event was attended by Malabar Group Chairman Mr. M.P. Ahammad, Managing Director – India Operations Mr. O. Asher, Executive Directors Mr. Nishad A.K. and Mr. Abdulla Ibrahim, Kerala House Resident Commissioner Mr. Puneet Kumar, IAS, Pratham CEO Ms. Rukmini Banerji, and Thanal Chairman Dr. Idris, among others.

Union Minister Piyush Goyal stated that the initiatives of the Malabar Charitable Trust align closely with Prime Minister Narendra Modi’s vision of empowering India’s daughters through programs like Beti Bachao, Beti Padhao.

He added that “Malabar Gold & Diamonds’ decision to allocate INR 200 crore towards CSR will further strengthen the nation’s progress,” emphasizing that India’s growth is rooted in the empowerment of its people – especially women and girls and appreciating 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. 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, Mr. M.P. Ahammad highlighted “Human resource development is the backbone of national growth. He noted that nurturing talent through quality education is essential, and that the scholarship programme enables students to achieve academic success and contribute to the country’s development. He added that the group remains committed to creating sustainable, long-term societal impact through significant CSR investments.”

During 2026-27, CSR projects worth INR 200 crore will be implemented across more than 3,000 locations in 19 states, covering 15 major initiatives. These programmes are expected to benefit over 2 lakh people.

A significant focus is on education with INR 114 crore allocated to initiatives such as micro-learning centres for street children and national scholarship programmes for girls. INR 30 crore has been earmarked for food distribution under the Hunger Free World project, and INR 14.2 crore for healthcare initiatives. Housing projects, including the ‘Grandma Home’ initiative for destitute mothers, will receive INR 25 crore. Additionally, INR 6.8 crore will be allocated for other humanitarian activities and INR 10 crore 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 benefited over 1,15,000 girls. All CSR initiatives are implemented through the Malabar Charitable Trust.

For the rehabilitation of street children, 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 be increased to 2,500 this year, with student enrolment expected to grow from over 64,000 to 1 lakh.

Under the Hunger Free World project, nutritious meals are provided daily to 1,15,000 people across India, Zambia, and Ethiopia. Other CSR initiatives include the ‘Grandma Home’ project, which provides free accommodation and care for destitute women, and Malabar-Thanal pharmacies that offer medicines at subsidized rates to the underprivileged.

Malabar Gold & Diamonds’ operations are guided by ESG principles. Since its inception, the company has allocated 5% of its net trading profit towards CSR activities. These initiatives focus on women empowerment, healthcare, education, and environmental protection, in collaboration with NGOs such as Pratham and Thanal.

These efforts have already brought positive change to the lives of over 1.8 million people across India.