M. P. Ahammed
M. P. Ahammed | |
|---|---|
| Born | November 1, 1957 Kozhikode, Kerala, India |
| Occupation | Entrepreneur |
| Known for | Founder of Malabar Gold & Diamonds |
M. P. Ahammed (born 1 November 1957) is an entrepreneur from India and serves as the chairman of the Malabar Group of Companies. He is the founder of Malabar Gold & Diamonds, which ranks among the largest jewellery retail chains worldwide.
The Economic Times reported that Malabar Gold and Diamonds recorded a revenue of ₹120 billion in 2012, which increased to ₹220 billion by the close of 2013.
Early life and career
Ahammed was born in Kozhikode, Kerala, to parents Mammad Kutty Hajee and Fathima. He completed his schooling in his hometown and obtained a Bachelor of Commerce degree from the University of Calicut.
He started his entrepreneurial journey at the age of 17 with an agro-products venture, later diversifying into spice and copra trade by 1981. In 1993, he established Malabar Gold & Diamonds in Kozhikode with an initial investment of ₹50 lakh. His guidance has propelled the company into a global jewellery retail enterprise, operating more than 340 outlets across 13 countries.
Philanthropy
Through the Malabar Group, Ahammed actively engages in charitable initiatives such as the Hunger Free World program, which provides nutritious meals to those in need. Additionally, the Grandma Home project offers free accommodation to disadvantaged women in Bengaluru and Hyderabad, with intentions to extend this support to other metropolitan areas.
Personal life
Ahammed is married to K. P. Subaida and they have two children. His son, Shamlal Ahammed, holds the position of managing director for the company’s international division.