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M P Ahammad conferred Business Bhushan Award 2026 by Maharashtra chief minister
The recognition underscores Ahammad’s entrepreneurial journey and his role in building Malabar Gold & Diamonds into the fifth-largest global jewellery retailer
- PUBLISHED: Fri 13 Mar 2026, 10:24 AM
M P Ahammad, chairman, Malabar Group, has been honoured with the prestigious Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026, in recognition of his visionary leadership and pivotal role in transforming the global jewellery retail landscape and society at large.
Held at the iconic Gateway of India, the awards ceremony brought together leading policymakers, industry leaders, and prominent personalities from business and entertainment. The event was attended by the chief minister, Devendra Fadvanis, and deputy chief minister, Eknath Shinde of Maharashtra, alongside Asher O, MD-India operations, Malabar Gold and Diamonds, other ministers, bureaucrats, and distinguished figures from across sectors. The awards celebrate individuals whose vision, leadership, and achievements have significantly shaped industries while contributing meaningfully to society. Ahammad’s recognition highlights his remarkable entrepreneurial journey and the role he has played in building Malabar Gold and Diamonds to become the fifth largest global jewellery retailer and the largest jewellery retailer of Indian origin.
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Expressing his gratitude on receiving the honour, Ahammad said: “I am deeply honoured to receive the Business Bhushan award at the Lokmat Maharashtrian of the Year Awards. This recognition reflects the collective dedication of the entire Malabar family and the trust our customers have placed in us over the years. Our journey is founded on the principle of collective growth of all our stakeholders guided by responsibility, integrity, and a commitment to creating lasting value for society while continuing to pursue excellence in everything we do.”
His recognition with the Business Bhushan Award further reinforces his stature as one of India’s most respected business leaders whose entrepreneurial vision and values-driven leadership serve as an inspiration and a blueprint for collective progress for future global enterprises.
Founded in 1993, Malabar Gold & Diamonds has been a pioneer in fostering responsible and transparent jewellery retail, contributing significantly to employment generation, strengthening the organised retail ecosystem, and enhancing customer experience through access to world‑class designs and services.
