Malabar Gold to invest Rs 650 cr

Malabar Gold to invest Rs 650 cr

 Malabar Gold & Diamonds, the flagship company of Malabar Group, and one of the fastest growing business conglomerates of India is investing Rs 650 crore in next one year to expand its presence in India and abroad.

The company, which has widened its network in Karnataka with the inauguration of its 172nd showroom in Ballari, will open 28 more outlets both in India and abroad over the next 3-6 months. With this, the company is looking at touching 200 outlets by the end of 2017.

According to O Asher, Managing Director (India Operations), Malabar Gold and Diamond said, “In Karnataka, we will be opening an outlet each in Bidar, Mandya and Vijayapura, and two more in Bengaluru during the year.”

Besides, the company will be expanding its presence in Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Delhi and Maharashtra.

“We will be hiring over 1,000 professionals,”Asher said.In addition to the above states, the company has already presence in Haryana, Gujarat and West Bengal. Asked about hiring, Asher said,

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