Malabar Gold, a premium jewellery chain with presence in India and abroad, announced its expansion plans to reach 100 showrooms by 2013.
Addressing presspersons here on Monday, M. P. Ahammed, Chairman, said, having covered countries in the Gulf region, the company had set its eyes on the Far East markets such as Singapore, Malaysia, Indonesia and Sri Lanka.
Besides, the company would look at European markets like London in the coming years, he said.
According to Asher, Group Executive Director, the company is operating 60 showrooms at present and will inaugurate its 61st showroom in Chennai on October 2.
A showroom would soon be opened in Delhi followed by four showrooms in Andhra Pradesh and in Pune, he said.
P. A. Ibrahim, Co-Chairman of the Group, said in Tamil Nadu the company had presence in Coimbatore, Erode and Salem and the plan was to have presence in 32 cities in the next three years.
The group's turnover was Rs. 6,000 crore with Rs. 2,000 crore coming from abroad. The company was having more than 1,000 members as investors from India and abroad, he said.
