Malabar Group, a leading diversified Indian business conglomerate- the parent company of Malabar Gold & Diamonds, announced its National Scholarship Programme for 2024 at an event at Bharat Diamond Bourse, BKC, Mumbai. This announcement marks a significant milestone in the Group’s flagship CSR initiative, the Malabar National Scholarship Programme, which underscores its commitment to supporting girls’ education.
The event was inaugurated by Shri Piyush Goyal, Honourable Minister of Commerce & Industry. The Group’s top leadership, including MP Ahammed, (Chairman – Malabar Group), Asher O (MD – India operations – Malabar Group, Abdul Salam K P (Vice-Chairman – Malabar Group), Nishad AK (Executive Director, Malabar Group) and Shaunak Parikh (Director, Mahendra Brothers) were also present at the event. This year, the scholarship programme has allocated ₹16 crore to support the education of over 21,000 girl students across India.
Speaking about the initiative, MP Ahammed, Chairman, Malabar Group, 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 created to structure and expand these efforts. The group allocates 5% of its profits to CSR initiatives, which span education, healthcare, environmental sustainability, and poverty alleviation, with a particular focus on empowering marginalized communities.
The Malabar National Scholarship Programme, launched in 2007, stands as a flagship initiative under its CSR framework. To date, over ₹60 crore has been invested in the programme, providing financial aid to more than 95,000 girl students across India. By focusing on girls’ education, Malabar Group aims to uplift not just individuals but entire communities, ensuring future generations are equipped with the tools for social and economic progress.
The Group’s CSR initiatives aimed at uplifting marginalized communities include medical aid for the underprivileged, support for housing construction, and financial assistance for the marriages of women in need. To date, the Malabar Group has invested over ₹263 crore in various social responsibility projects, reflecting its commitment to sustainable development.
Malabar Group’s continued focus on impactful initiatives such as education and hunger relief exemplifies the company’s belief that sustainable growth is only possible when communities are empowered and supported in every way possible. This dedication will remain at the heart of all future endeavours as the Group continues to expand both its business and social responsibilities.
