Media Release

Mumbai, Oct 1: Malabar Group, a leading diversified Indian business conglomerate and the parent company of Malabar Gold & Diamonds, announced its National Scholarship Programme for 2024 at an event held at Bharat Diamond Bourse, BKC, Mumbai. This marks a significant milestone in the Group's flagship CSR initiative, the Malabar National Scholarship Programme, underscoring its commitment to supporting girls' education.

The event was inaugurated by Piyush Goyal, union minister for commerce and industry. The Group’s top leadership, including MP Ahammed, chairman of Malabar Group; Asher O, managing director - India operations; Abdul Salam K P, vice-chairman; Nishad AK, executive director; and Shaunak Parikh, director of Mahendra Brothers, were also present.

This year, the scholarship programme has allocated Rs 16 crore to support the education of over 21,000 girl students across India.

Speaking on the initiative, MP Ahammed said, "Education is the most powerful tool to change the world. Our scholarship programme is a direct reflection of Malabar Group’s deep-rooted belief that education unlocks opportunities and transforms lives. We are committed to removing barriers for young girls so they can fulfil their educational aspirations and contribute meaningfully to society.”

Since its inception, Malabar Group has demonstrated a strong commitment to inclusive growth through its social welfare activities. In 1999, the Malabar Charitable Trust (MCT) was established to structure and expand these efforts. The group allocates 5% of its profits to CSR initiatives, focusing on education, healthcare, environmental sustainability, and poverty alleviation, with a particular emphasis on empowering marginalized communities.