Latest news with #MalabarGroup
United News of India
3 days ago
- Business
- United News of India
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. UNI BDN GNK
The Hindu
3 days ago
- Business
- The Hindu
Malabar Group earmarks ₹150 crore for CSR in FY26
Malabar Group, the parent company of Malabar Gold & Diamonds, said it has allocated ₹150 crore in 2025-26 for scaling up its CSR initiatives focused on healthcare, education, hunger & poverty alleviation, women empowerment, environment protection and housing for less privileged. Under its 'The Hunger Free World' initiative, the group has committed to distribute 70,000 meals daily in India and Zambia to the under-privileged, totalling 2.50 crore meals in 2025-26. 'This represents a significant leap from the cumulative achievement of 2.5 crore meals served over the past three years and signals a deepened commitment to the cause of food security for underserved communities,' the group said. The initiative is aligned with the United Nations' Sustainable Development Goal 2 - Zero Hunger. M.P. Ahammed, Chairman, Malabar Group said, 'CSR is an integral part of our culture and we believe in giving back to society. We dedicate May 28 as our annual CSR day; we reaffirm our pledge to stand with the underserved through sustained and impactful action.' 'Our CSR initiatives are a reflection of that enduring commitment. 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,' he said. 'This urgency drives our meal distribution efforts under the Hunger Free World initiative. Having said that, along with food distribution, the need of the hour is concerted efforts to boost production, creating jobs, and fostering economic growth to bring in sustainable change,' he added.
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Business Standard
3 days ago
- Health
- Business Standard
Private sector participation important for hunger-free India: Amitabh Kant
India's G20 Sherpa Amitabh Kant on Wednesday highlighted the importance of private sector participation in achieving a 'hunger-free' India. Kant was speaking at the launch of Malabar Group's CSR initiatives, where the company announced 'The Hunger Free World', an initiative aiming to distribute 70,000 daily meals to underprivileged people in fiscal 2025-26. "If there are more groups like Malabar Group, we are able to transform the world. It requires continued collaboration between government, civil society, private sector and individuals," Kant said. 'Around 119 million people in India remain undernourished, with women and children bearing the heaviest burden,' he noted, adding that merely providing food is not enough — the focus must be on nutritious food. "It is also very important that private sector takes over this responsibility at the local level," he said. Hunger looms over India According to the Global Hunger Index (GHI) 2024, India ranks 105th out of 127 countries, highlighting significant hunger. With a GHI score of 27.3, India falls in the 'serious' category, indicating issues related to undernutrition and child health. The report notes that India's 13.7 per cent of the population is undernourished, reflecting insufficient calorific intake. Moreover, 35.5 per cent of children under the age of five are stunted, indicating chronic undernutrition, while 18.7 per cent suffer from wasting, a sign of acute undernutrition. The under-five mortality rate stands at 2.9 per cent, partly due to inadequate nutrition and healthcare. Globally, around 733 million people face hunger each day due to a lack of access to a sufficient amount of food, while about 2.8 billion people cannot afford a healthy diet, the report added. (With agency inputs)
New Indian Express
3 days ago
- Business
- New Indian Express
Private sector must help achieve 'hunger free' India: G20 Sherpa
NEW DELHI: The country's G20 Sherpa Amitabh Kant on Wednesday called for greater private sector participation to ensure "hunger free" India, saying the government alone cannot tackle the challenge. Speaking at the launch of Malabar Group's expanded corporate social responsibility (CSR) initiatives, Kant praised the jewellery company's "The Hunger Free World" project, which aims to distribute 70,000 daily meals to underprivileged people in fiscal 2025-26. "If there are more groups like Malabar Group, we are able to transform the world. It requires continued collaboration between government, civil society, private sector and individuals," said Kant, former CEO of government think tank NITI Aayog. Around 119 million people in India remain undernourished, with women and children bearing the heaviest burden, he said. The government provides free rations to 800 million people through distribution centres, but ensuring nutritious food remains crucial. "It is not just about providing food, it is important to ensure nutritious food," Kant said. "It is also very important that private sector takes over this responsibility at the local level."
Time of India
3 days ago
- Business
- Time of India
Private sector must help achieve 'hunger free' India, says G20 Sherpa
The country's G20 Sherpa Amitabh Kant on Wednesday called for greater private sector participation to ensure "hunger free" India, saying the government alone cannot tackle the challenge. Speaking at the launch of Malabar Group's expanded corporate social responsibility (CSR) initiatives, Kant praised the jewellery company's "The Hunger Free World" project, which aims to distribute 70,000 daily meals to underprivileged people in fiscal 2025-26. "If there are more groups like Malabar Group, we are able to transform the world. It requires continued collaboration between government, civil society, private sector and individuals," said Kant, former CEO of government think tank NITI Aayog. Around 119 million people in India remain undernourished, with women and children bearing the heaviest burden, he said. The government provides free rations to 800 million people through distribution centres, but ensuring nutritious food remains crucial. "It is not just about providing food, it is important to ensure nutritious food," Kant said. "It is also very important that private sector takes over this responsibility at the local level." Live Events Malabar Group Chairman M P Ahammed announced a commitment of Rs 150 crore towards CSR initiatives for fiscal 2025-26. The company contributes 5 per cent of net profit to CSR activities, well above the government-mandated 2 per cent. The Hunger Free World project currently distributes 70,000 meal packets daily across India and Zambia. In India, over 60,000 nutrient-rich meals are provided through 167 centres spanning 20 states. Malabar Group's annual revenue now stands at Rs 64,000-65,000 crore, ahead of rivals Tanishq at Rs 42,000 crore and Kalyan Jewellers at 24,000-25,000 crore. "With 295 million people globally facing acute hunger according to UN data, "immediate action is non-negotiable," Ahammed said.
