Actress Tamannaah Bhatia opens new Malabar Gold outlet

Indian actress Tamannaah Bhatia inaugurated a new showroom of Malabar Gold & Diamonds in the south Indian state of Telangana. The store, located in Dwaraka Nagar, Nizamabad, was launched on Feb. 17, in the presence of Nizamabad Member of Parliament Dharmapuri Arvind, MP Ahammed, chairman, Malabar Group; Abdul Salam K.P., group executive director, Malabar Group; Asher. O, managing director — India operations; management team members of Malabar Gold & Diamonds, media representatives and well-wishers.
The new outlet houses a large collection of stylish, traditional as well as contemporary designer jewelry. The showroom will have plenty of space besides posh shopping amenities and valet parking facility. Malabar Gold already has 11 showrooms in the state of Telangana.
Malabar Gold & Diamonds is the jewelry retail arm of the diversified business conglomerate Malabar Group, which includes other business verticals such as real estate development, shopping malls, hypermarkets, technologies, retailing of home appliances and electronics, watches, and franchisee retailing and services.
The group has a unique business model where its expansion is fueled by investors who become shareholders in different entities. Malabar Gold & Diamonds currently has over 4,000 investors, 19.4 percent of whom are full-time employees within the group, including the front-end managers and directors.
Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a retail network of more than 250 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centers and factories spread across India, Middle East, Far East and the US. With an annual turnover of $4.51 billion, the company currently ranks among the largest jewelry retailers globally.