Piyush Goyal launches Malabar Gold & Diamonds’ Rs.200 crore CSR plan, focusing on education, women empowerment, healthcare, and sustainability, impacting over 2 lakh beneficiaries across India.

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

At the 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 M.P. Ahammad, Managing Director O. Asher, Executive Directors Nishad A.K. and Abdulla Ibrahim, Kerala House Resident Commissioner Puneet Kumar (IAS), Pratham CEO Rukmini Banerji, and Thanal Chairman Dr. Idris, among others.

Piyush Goyal, Union Minister of Commerce and Industry, stated that: “The initiatives of the Malabar Charitable Trust align with Narendra Modi’s vision of women empowerment through programmes like Beti Bachao, Beti Padhao. He added that the Rs.200 crore CSR allocation will strengthen India’s progress, emphasising that growth is rooted in the empowerment of women and youth. He also encouraged students to dream big, aspire beyond limitations, and contribute to the nation’s growth story.”

M.P. Ahammad, Chairman, Malabar Group, highlighted that: “Human resource development is key to national growth, stressing the importance of quality education in shaping future talent. He reiterated the group’s commitment to long-term societal impact through sustained CSR investments.”

During FY 2026–27, CSR projects worth Rs.200 crore will be implemented across 3,000+ locations in 19 states, covering 15 major initiatives and benefiting over 2 lakh people. A major focus remains on education, with Rs.114 crore allocated to initiatives like micro-learning centres for street children and scholarships for girls. Additionally, Rs.30 crore is earmarked for the Hunger Free World project, Rs.14.2 crore for healthcare, and Rs.25 crore for housing initiatives such as the ‘Grandma Home’ project. A further Rs.6.8 crore is allocated for humanitarian activities and Rs.10 crore for environmental protection.

As part of the group’s 33rd anniversary, 33,000 girl students from 284 districts across 18 states will receive scholarships this year, taking the total beneficiaries to over 1.15 lakh girls since inception. All initiatives are executed through the Malabar Charitable Trust.

For the rehabilitation of street children, the brand has established 1,543 micro-learning centres across 17 states in partnership with Pratham Education Foundation. This number is set to increase to 2,500 centres, with enrolment expected to grow from 64,000 to 1 lakh students.

Under the Hunger Free World project, 1,15,000 people receive nutritious meals daily across India, Zambia, and Ethiopia. Other initiatives include the ‘Grandma Home’ project for destitute women and Malabar-Thanal pharmacies, offering subsidised medicines to the underprivileged.

Guided by ESG principles, Malabar Gold & Diamonds has consistently allocated 5% of its net trading profit towards CSR since its inception. Its initiatives span women empowerment, healthcare, education, and environmental protection, in collaboration with organisations like Pratham and Thanal.

These sustained efforts have already created a positive impact on over 1.8 million lives across India, reinforcing the brand’s commitment to inclusive and sustainable growth.