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Indian Power List 2019

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Shamlal Ahamed MP

Shamlal Ahamed MP

Company:

Malabar Gold & Diamonds

Designation:

Managing Director, International Operations

Malabar Gold began in 1993 as a small shop in Kerala and it now has a turnover of $4.5 billion, 13,000 employees and operates over 200 outlets in 10 countries.

Shamlal Ahamed MP is the managing director of international operations and is also the son of M.P. Ahammed, the founder of Malabar Gold.

“We want to be the world’s number one jeweller,” he said last year, “but we are also going to remain a mid-to upper-income jewellery retailer. Any segment higher has its own established brands. In our segment we can drive revenues through minimal margins but higher turnover. Being number one is all about how fast you can turn around your inventory.”