Malabar Gold & Diamonds, the world’s fifth-largest retail jewellery group, has announced CSR initiatives worth INR 200 crore for the financial year 2026–27. The announcement was made in the presence of Union Commerce and Industry Minister Piyush Goyal, who described young girls as the “warriors” of Viksit Bharat 2047, and the CSR initiative in line with the vision of PM Modi’s Beti Bachao, Beti Padhao scheme. He also inaugurated the distribution of scholarships for 33,000 girl students across India.
During 2026–27, the company will roll out CSR projects across more than 3,000 locations in 19 states, covering 15 major initiatives and benefiting over 2 lakh people.
Malabar Group Chairman M P Ahammad said that human resource development is key to national growth. He highlighted the importance of quality education in nurturing talent and the scholarship programme will help students achieve academic success and contribute to the country’s development. He added that the group remains committed to creating long-term social impact through consistent CSR efforts.
The United Nations Sustainable Development Goals (SDGs) are also localised through the CSR initiatives. The company follows ESG principles in its operations and has been setting aside 5% of its net trading profit for CSR activities since the beginning. Its efforts mainly focus on women’s empowerment, healthcare, education, and environmental protection, working closely with organisations like Pratham and Thanal.
Asher O, Executive Director, Malabar Gold and Diamonds talking to Sustainability Karma said, “Sustainable development is being structured in a very systematic way to ensure that we address all aspects of ESG. Our focus is not limited to CSR alone; we are committed to ESG as a whole. While this includes CSR activities, we also ensure continuity by distributing profits responsibly and, at the same time, making sure that all key ESG principles are consistently followed.
All ESG activities are carried out in accordance with established standards and quality benchmarks. We hold the Responsible Jeweller certification, which reflects a broader meaning and scope. For example, when it comes to our primary raw material—bullion—we ensure that it is sourced only as 100% good delivery bars. These bars comply with strict international standards set by various countries. These standards ensure that proper royalties are paid, child labour is not involved, and no unethical practices are followed. Our tracking process goes beyond identifying the immediate source; we verify the source of the source to ensure that the material is ethically mined and refined.”
O. Asher, Executive Director, Malabar Gold and Diamonds, said, “Sustainable development is being structured in a very systematic way to ensure that we address all aspects of ESG. Our focus is not limited to CSR alone; we are committed to ESG as a whole. While this includes CSR activities, we also ensure continuity by distributing profits responsibly and, at the same time, making sure that all key ESG principles are consistently followed.
Asher added, “All ESG activities are carried out in accordance with established standards and quality benchmarks. We hold the Responsible Jeweller certification, which reflects a broader meaning and scope. For example, when it comes to our primary raw material—bullion—we ensure that it is sourced only as 100% good delivery bars. These bars comply with strict international standards set by various countries. These standards ensure that proper royalties are paid, child labour is not involved, and no unethical practices are followed. Our tracking process goes beyond identifying the immediate source; we verify the source of the source to ensure that the material is ethically mined and refined.”
