M.P. Ahammad, Chairman of Malabar Group, has been honoured with the prestigious Business Bhushan Award 2026 at the Lokmat Maharashtrian of the Year Awards. The award recognises his visionary leadership and significant contribution to transforming Malabar Gold & Diamonds into one of the world's leading jewellery retail brands.
The award ceremony, held at Mumbai's Gateway of India, was attended by prominent policymakers, business leaders and personalities from various sectors. Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde were among the dignitaries present at the event.
The recognition highlights Ahammad's entrepreneurial journey and his role in building Malabar Gold & Diamonds into the fifth-largest jewellery retailer globally and the largest jewellery retailer of Indian origin. Over the years, the company has expanded its international footprint while maintaining a strong focus on transparency, customer trust and responsible business practices.
Expressing his gratitude, M.P. Ahammad said that the honour reflects the collective efforts of the entire Malabar team and the unwavering trust of its customers. He noted that the Group's growth has always been guided by responsibility, integrity and a commitment to creating lasting value for all stakeholders and society.
Established in 1993, Malabar Gold & Diamonds has emerged as a pioneer in organised jewellery retail. The company has contributed significantly to employment generation and has continuously enhanced customer experiences by offering world-class jewellery designs and services.
The Business Bhushan Award further reinforces get more info M.P. Ahammad's standing as one of India's most respected business leaders and recognises his values-driven approach to building a globally admired enterprise.