Malabar Group allocates Rs 150 crore for CSR in 2025-26
New Delhi, May 28 (UNI) Malabar Group, one of India's leading business conglomerates and parent company of Malabar Gold & Diamonds, has announced a substantial allocation of Rs 150 crore for its Corporate Social Responsibility (CSR) programmes in the financial year 2025-26.
The fund will be deployed to expand initiatives across healthcare, education, hunger and poverty alleviation, women empowerment, environment protection, and housing for the underprivileged.
On World Hunger Day, the Group reaffirmed its commitment under the flagship 'Hunger Free World' project to distribute 70,000 meals daily across India and Zambia, amounting to a total of 2.5 crore meals in 2025-26.
This marks a significant increase compared to the 2.5 crore meals served over the past three years since the programme's inception. The initiative aligns with the United Nations' Sustainable Development Goal 2 – Zero Hunger.
Dr Amitabh Kant, former CEO of NITI Aayog and G-20 Sherpa, inaugurated the next phase of the Group's CSR activities. Present at the event were MP Ahammed, Chairman of Malabar Group; KP Abdul Salam, Vice Chairman; O Asher, Managing Director of India Operations; Group Executive Directors Nishad AK and KP Veerankutty; Group Director PA Abdulla Ibrahim; Dr Idrees V, Chairman of THANAL Daya Rehabilitation Trust; Jishad NK, Zonal Head – North, and other senior officials.
Commenting on the initiative, Ahammed said, "At Malabar Group, CSR is an integral part of our culture and we believe in giving back to society. May 28 is dedicated as our annual CSR day, where we reaffirm our pledge to stand with the underserved through sustained and impactful action.
"While we are doing our utmost, a greater impact can be achieved if more organisations join this mission. With 295 million people globally facing acute hunger as per UN data, immediate action is non-negotiable. Our Hunger Free World initiative reflects this urgency, focusing on meal distribution alongside efforts to boost food production, create jobs, and foster sustainable economic growth."
Currently, the Hunger Free World project distributes over 60,000 nutrient-rich meals daily through 167 centres across 20 states in India. In Zambia, the Group partners with the government to serve 10,000 meals daily to students in three schools. The kitchens operate with modern equipment and are staffed by trained culinary and hygiene personnel.
In addition to hunger alleviation, the Group's educational initiatives include 716 micro-learning centres providing primary education and nutrition to street children across India. Over 32,000 children have enrolled, with 9,000 integrated into formal schooling, in collaboration with THANAL. Scholarships have been awarded to 1,14,000 girls to support their education.
The Group's 'Grandma Homes' initiative offers free shelter and care to destitute women, with operational centres in Bengaluru, Kerala, and Hyderabad, and plans to expand to Chennai, Kolkata, Delhi, and Mumbai.
On healthcare, Malabar Group plans to establish non-profit medical stores offering subsidised medicines across 140 locations in Kerala, with 27 stores already operational. The 'Uyirppu Project' supports higher education for children affected by last year's Wayanad landslide, providing financial aid to 134 students.
Since inception, Malabar Gold & Diamonds has consistently allocated 5% of its profits towards social welfare programmes.
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