Malabar Gold & Diamonds free educational scholarships in Kuwait

Malabar Gold & Diamonds, the leading jewellery retailer in the Middle East offers free Educational Scholarships to the 10 eligible students of Indian Community School, Kuwait. As a part of group’s CSR Initiatives, the scholarships focus on strengthening educational systems & also to ensure that all the young people receive the education in the region. The scholarships were offered to those students of Indian Community in Kuwait, who cannot meet the educational expenses.

The 10 eligible students have been chosen from various branches of Indian Community School, Kuwait. The educational scholarship covers the tuition fees for the academic year 2013 – 2014. The scholarships were distributed in an award ceremony conducted on 11^th March 2014 at Indian Community School, Khaitan. The scholarships were distributed by Adv/Dr Eisa Hameed Al Anazi -Member of Human Rights Commission, in the presence of Mr Afsal Khan – Zonal Head, Malabar Gold & Diamonds, Mr Lukman Alavi – Branch Head, Malabar Gold & Diamonds.

Commenting on the initiative, Mr. Afsal Khan – Zonal Head, Malabar Gold & Diamonds said “Malabar Gold & Diamonds has always been in forefront when it comes to supporting the needy in the society. Our CSR initiatives are aimed at achieving the same. We are pleased to participate in this noble cause & we thank Indian Community School for helping us to make this event successful.”

Malabar Gold and Diamonds is a leading jewellery group with over 111 retail outlets across India and the Middle East. CSR activities are an important part of their organization philosophy right from their inception since 1993 and they are committed to making a real difference in the society. The group allocates 10% of its profits for the benefit of the needy through several new CSR projects. They are focusing on making significant difference in five priority areas such as housing, environment, women empowerment as well as the medical and educational sectors.

Malabar Gold and Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.

Established in 1993 in South Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of 111 outlets spread across 8 countries, 10 wholesale units in addition to offices, design centers and factories spread in India, GCC and Singapore. With an annual turnover of $3.5 billion (Dh12.8 billion; Rs220 billion), the company currently ranks as the world’s third largest jewellery retailer in terms of annual turnover.

With 7 cluster manufacturing units in India and GCC – the company currently has 6 jewellery brands to cater to the discerning needs of customers. With headquarters in Kerala, India and branches across India, GCC & Singapore, Malabar Group is best known for its activities in the field of gold, diamond and precious metals.

The company, which has a strong corporate social responsibility scheme embedded in its system, is committed to make a difference in human lives by spending over Rs300 million in charitable activities in the year 2015, part of the Rs850 million earmarked for charitable activities between 2012 - 2015.