Meet Indian man who was once a small spice trader, now owns one of world’s biggest Jewellery brand named as…, he is…
GH News March 31, 2025 03:06 PM

M. P. Ahammed is the founder of Malabar Gold & Diamonds. He was born on November 1 1957 in a family of merchants and landlords in Kerala. At just 17 he launched his first business an agro-products firm and later expanded it into the spice trade in 1981 at the age of 24. He started dealing in cardamom pepper and coconuts.
He studied at Government High School in Kozhikode and took a Bachelor of Commerce degree from the University of Calicut.
Founding Malabar Gold & Diamonds
Ahammed realized the limitations of the spice industry. He was also observing the jewellery market during those times. Wherein he identified a major gap of the lack of organization and transparency. This became a turning point in his career. Thinking of a customer-centric brand building with trust and quality he started his own jewellery business. In 1993 he founded Malabar Gold & Diamonds with a revenue of $5 million.
Malabar Gold Growth
Under Ahammed’s leadership Malabar Gold & Diamonds became one of the world’s largest jewellery retail chains. Today the brand has 350 showrooms in nine countries.
Ahammed’s didn’t stop with jewellery but the Malabar Group also entered into multiple sectors like real estate it launched Malabar Developers and built the Mall of Travancore Indias first green mall.
It also collaborated with Eham Digitals to manufacture household appliances and through Green Thumb they promoted sustainable and organic farming initiatives.
M. P. Ahammed started as a spice trader but didn’t stop there he built a gold and retail empire with hard work and dedication. His story will inspire future entrepreneurs worldwide.