Malabar Gold to invest ₹600 cr in 12 new showrooms across India this year

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Malabar Gold to invest ₹600 cr in 12 new showrooms across India this year - Business Standard

Quick Summary:

The new showrooms will be opened in Panvel in Mumbai, Sinhagad Road in Pune, Brahmapur and Soubhagya Nagar in Odisha, Dhanbad in Jharkhand, Hospet, Nagarbhavi and Chitradurga in Karnataka, Nandyal, Amalapuram, Machilipatanam in Andhra Pradesh and Varanasi in Uttar Pradesh.

This will take the total showroom count to 391 showrooms across 13 countries and 19 states in India and create employment opportunities this financial year, the company said in a statement, adding that currently, it employs over 25,000 professionals from 26 countries.

Malabar Gold is also planning to open 60 new showrooms in India and overseas in 2025-26, of which 5 stores will be launched in April in the Middle East, UK, and Canada.