Malabar Group Chairman MP Ahammed selected for the Most Promising Business Leaders of Asia award
Kozhikode/ Kuala Lumpur: Malabar Group Chairman MP Ahammed has been selected for the most promising Business Leaders in Asia award 2017 by The Economic Times Daily. He has been selected for the award along with other top corporate leaders in the gold and diamond business category. He was the only business personality considered for the award from Kerala.
The announcement was made at The Economic Times Asian Business Leaders Conclave 2017 held at Kuala Lumpur, Malaysia. A Coffee Table Book will also be released illustrating the profiles of all the winners of the award from different categories.
The jury has selected the winners for the award based on their performance track record measured on a number of criteria including their leadership quality in respective business verticals, quality to guide the establishment to excellence in business as well as making their contribution to society as best corporate citizens, the organisers of the conclave said. The jury had selected the winners after doing the necessary due diligence tracking their performance continuously over a period of time, they added.
With a turnover of more than 30,000 crores, Malabar Gold and Diamonds is one among the top five gold business enterprise in the world and has 195 showrooms spread over nine countries. In the next two years, we have the plan to increase the number of the showrooms to 500 said MP Ahammed. Malabar Developers - the real estate division has so far completed over 20 lakh square feet of residential and commercial properties including shopping malls, exclusive villas, and luxury flats. Company has a vast land bank across the country. The Group employees 12,000 people in its business establishments in India and abroad. Next two years it will increase to 30000 and the group will add Rs 10,000 crores investment within 2020.
As part of its CSR initiatives, Malabar Group has shelled out over Rs 73 crore so far. The Group has earmarked 5% of its profits for this activities.