When he founded a spice trading company at the age of 20, Ahammed began his entrepreneurial path. He was a trader and a landowner by birth. He now has ownership of the Malabar Group of Companies.
Success is certain to be attained if you are resilient and determined, regardless of where you begin. Dreams do come true, particularly when you seek them tenaciously and passionately. When he founded a spice trading company at the age of 20, Ahammed began his entrepreneurial path. He was a trader and a landowner by birth. He now has ownership of the Malabar Group of Companies.
Who is MP Ahammed?
Born in 1957, an Indian businessman named M. P. Ahammed hails from Kozhikode of Kerala. He is the Chairman of the Malabar Group of Companies. He also established one of the leading retail jewellery companies in the world, Malabar Gold & Diamonds.
Mammad Kutty Hajee and Fathima are the parents of Ahammed. When he was just a teenager, he founded his first agro-product company at the age of 17. In 1981, when he was 24 years old, he began marketing copra and spices. M. P. Ahammed married K. P. Subaida, and the couple had two children. His son Shamlal Ahammed serves as the company's managing director of International Operations.
After graduating from Kozhikode's Government High School, he continued his education at the University of Calicut to get a bachelor's degree in commerce. With the traders of Kerala's Kozhikode (now Calicut), he used to transact in cardamom, pepper, and coconuts. But he immediately realised that his business would not be successful.
Ahammed conducted thorough market research and found that jewellery was a big unorganised industry that people were passionate about. He made the confident decision to start a business in the field and promote his native Malabar.
The jewellery store now operates 276 shops throughout 10 nations, including India, Malaysia, Singapore, the US, and the GCC (the UAE, Kuwait, Bahrain, Oman, Qatar, and Saudi Arabia). The firm said that its sales increased by 35% to Rs 30,000 crore in FY22, and it has established a goal of Rs 45,000 crore for FY23, reported Economic Times reported.
READ | Who is Asha Mukul Agrawal, woman who bought Rs 263 crore flats in Mumbai?
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "who is MP Ahammed, MP Ahammed, founder of rs 30000 crore, chairman of Malabar Group of Companies, spice trader-turned-chairman,")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}