Malabar Gold & Diamonds expects revenue growth of up to $ 3.5 billion (219 billion Indian rupees), thanks to the expansion strategy in the Indian and Middle Eastern markets, Rapaport reports. Recently, the 100th jewelry store Malabar Gold & Diamonds was opened, which is located in the 43th sector of the Gold Souk market in Indian Gurgaon. In the future Malabar plans to expand its retail network to 220 outlets and reach an annual turnover of $ 6 billion by 2015.
"By implementing our ambitious expansion plan, we are constantly outperforming our competitors and increasing our ranking among the world's leading jewelry retailers, and we intend to become a leader in the near future," said Shamlal Ahamed, Managing Director of the international division of Malabar Gold & Diamonds . "However, the most important factor in our success is the ability to best serve customers and meet their needs, as judged by the number of loyal customers."