Mumbai: M.P. Ahammad, Chairman, Malabar Group, has been honoured with the prestigious Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards 2026, in recognition of his visionary leadership and pivotal role in transforming the global jewellery retail landscape and society at large.

Held at the iconic Gateway of India, the awards ceremony brought together leading policymakers, industry leaders and prominent personalities from business and entertainment.

The event was attended by Maharashtra Chief Minister Devendra Fadvanis and Deputy Chief Minister Eknath Shinde, Vijay Darda, Chairman of Lokmat alongside Ministers, bureaucrats and distinguished figures from across sectors.

Presented by Lokmat Media Group, the awards celebrate individuals whose vision, leadership and achievements have significantly shaped industries while contributing meaningfully to society.

Ahammad’s recognition highlights his remarkable entrepreneurial journey and the role he has played in building Malabar Gold & Diamonds to become the 5th largest global jewellery retailer and the largest jewellery retailer  of Indian origin.

Expressing his gratitude, M.P. Ahammad said, “I am deeply honoured to receive the Business Bhushan Award at the Lokmat Maharashtrian of the Year Awards. This reflects the collective dedication of entire Malabar family and the trust our customers have placed in us. Our journey is founded on the principle of collective growth of all stakeholders guided by responsibility, integrity and a commitment to creating lasting value for society.”