Malabar Gold & Diamonds earmarks ₹200 crore for CSR in FY27; focus on education and women’s empowerment
New Delhi: Jewellery retailer Malabar Gold & Diamonds on Tuesday announced a ₹200-crore outlay for its corporate social responsibility (CSR) initiatives for 2026–27, with a sharp focus on education, healthcare, and social welfare.
The announcement was made at an event in the national capital attended by Union Commerce and Industry Minister Piyush Goyal. The Minister also inaugurated the distribution of educational scholarships to 33,000 girl students across the country.
Speaking at the event, Goyal said the initiatives of the Malabar Charitable Trust align with the Centre’s emphasis on women’s empowerment, including programmes such as Beti Bachao Beti Padhao. He noted that investments in education and social welfare would contribute to inclusive national growth.
Malabar Group Chairman M. P. Ahammad said human resource development remains central to long-term economic progress, adding that the group’s scholarship programmes aim to nurture talent and support academic achievement among underprivileged students.
Multi-sector CSR push
The company said its CSR initiatives will be implemented across more than 3,000 locations in 19 States, covering 15 programmes and expected to benefit over 2 lakh people.
Education accounts for the largest share of the planned spend, with ₹114 crore allocated for initiatives such as micro-learning centres for street children and national scholarship schemes for girls. Food security programmes under the ‘Hunger Free World’ initiative will receive ₹30 crore, while ₹14.2 crore has been earmarked for healthcare.
Housing projects, including the ‘Grandma Home’ initiative for destitute women, will be allocated ₹25 crore. Additional funds include ₹10 crore for environmental protection and ₹6.8 crore for other humanitarian activities.
Expansion of learning initiatives
The group plans to scale up its network of micro-learning centres for street children, operated in partnership with Pratham Education Foundation. The number of centres is set to increase from 1,543 to 2,500, with student enrolment expected to rise to 1 lakh from over 64,000 currently.
The scholarship programme, marking the company’s 33rd anniversary, will cover students across 284 districts in 18 States. Since inception, the initiative has supported more than 1.15 lakh girls.
Broader social impact
Under its ‘Hunger Free World’ programme, Malabar provides daily meals to over 1.15 lakh beneficiaries across India, Zambia, and Ethiopia. Other initiatives include subsidised medicines through Malabar-Thanal pharmacies in association with Thanal.
The company said its CSR activities are guided by environmental, social, and governance (ESG) principles, with 5 per cent of net trading profits allocated annually to such programmes. To date, its initiatives have impacted over 1.8 million people.
