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Retail jewellery group, Malabar Gold, is planning to open show rooms in Singapore and Malaysia among other countries.
“At present, we have 16 showrooms overseas including many in the Gulf region. We will ramp up our showrooms overseas by the end of this year,'' Mr Asher, Group Executive Director, Malabar Gold, told newspersons after formally launching Telugu film star Junior NTR as their brand ambassador here on Sunday.
The Rs 4,000-crore, Calicut-based group operates 51 stores now. “We aim to take this to 100 stores by the end of 2012,” Mr Asher said.
In addition to the existing two showrooms in Hyderabad, Malabar Gold would open its showroom in Tirupati soon. “Besides, we will have our presence in Visakhapatnam, Vijayawada, Rajahmundry, Guntur and Kakinada this year,” he added.
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