M. P. Ahammed (born 1 November 1957) is an Indian businessman and the chairman of the Malabar Group of Companies. He is the founder of Malabar Gold & Diamonds, one of the world's largest retail jewellery groups. According to the Economic Times, in 2012 Malabar Gold and Diamonds made a turnover of

₹ The Indian rupee sign ⟨₹⟩ is the currency symbol for the Indian rupee (ISO 4217: INR), the official currency of India. Designed by D. Udaya Kumar, it was presented to the public by the Government of India on 15 July 2010, following its ...

120 billion, and by the end of 2013, the company's turnover touched

220 billion.

Early life and career

M. P. Ahammed was born on 1 November 1957 in

Kozhikode Kozhikode (), also known as Calicut, is a city along the Malabar Coast in the state of Kerala in India. Known as the City of Spices, Kozhikode is listed among the City of Literature, UNESCO's Cities of Literature. It is the nineteenth large ...

, Kerala, to Mammad Kutty Hajee and Fathima. He completed his schooling at the Government High School in Kozhikode and later earned a Bachelor of Commerce degree from the University of Calicut. At the age of 17, Ahammed ventured into business by establishing an agro-products firm. By 1981, he expanded into trading spices and copra. In 1993, he founded Malabar Gold & Diamonds in Kozhikode, with an initial capital of ₹50 lakh. Under his leadership, the company has grown into one of the world's largest jewelry retailers, with over 340 showrooms across 13 countries.

Philanthropy

Ahammed is involved in philanthropic initiatives through the Malabar Group, including the Hunger Free World project, which provides nutritious meals to those in need, and the Grandma Home initiative, which provides free accommodations for underprivileged women in Bengaluru and Hyderabad, with plans to expand to other major cities.

Personal life

Ahammed is married to K. P. Subaida. They have two children. His son Shamlal Ahammed is the company's managing director of international operations.

References

{{DEFAULTSORT:Ahammed, M P 1957 births Indian businesspeople Indian jewellers Living people Indian billionaires Businesspeople from Kozhikode