CSR Initiative for FY 2026–27
New
Delhi :
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”.
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.