CSR Spending Gains Scale as Malabar Gold and Diamonds Commits ₹200 Crore for FY 2026 27

Piyush Goyal highlights alignment with national initiatives as M P Ahammad outlines education focused programmes reaching 33000 girls across India

Corporate social responsibility investments in India are seeing increased scale and structure as companies expand their focus on education, healthcare, and community welfare. Malabar Gold and Diamonds has announced a CSR outlay of ₹200 crore for the financial year 2026 27, with programmes designed to reach multiple states and communities across the country.
The announcement was made in New Delhi at Dr Ambedkar International Centre in the presence of Union Minister for Commerce and Industry Piyush Goyal. The initiative includes a wide range of projects that will be implemented across more than 3000 locations in 19 states, covering 15 major programmes and expected to benefit over two lakh people.

As part of the initiative, the Union Minister inaugurated the distribution of educational scholarships for 33000 girl students across India. The programme is aligned with national efforts to promote education and empowerment among young women.
Piyush Goyal said that the initiatives of the Malabar Charitable Trust align closely with the vision of empowering India’s daughters through programmes such as Beti Bachao Beti Padhao. He added, “Malabar Gold and Diamonds’ decision to allocate INR 200 crore towards CSR will further strengthen the nation’s progress,” while emphasising that India’s growth is rooted in the empowerment of its people, particularly women and girls.

M P Ahammad, Chairman of Malabar Group, said, “Human resource development is the backbone of national growth. He noted that nurturing talent through quality education is essential, and that the scholarship programme enables students to achieve academic success and contribute to the country’s development. He added that the group remains committed to creating sustainable, long term societal impact through significant CSR investments.”
The CSR allocation includes ₹114 crore for education initiatives such as micro learning centres for street children and national scholarship programmes for girls. Food distribution programmes under the Hunger Free World project have been allocated ₹30 crore, while ₹14.2 crore has been set aside for healthcare initiatives. Housing projects, including the Grandma Home initiative for destitute mothers, will receive ₹25 crore. Additional allocations include ₹6.8 crore for other humanitarian efforts and ₹10 crore for environmental protection.

As part of the company’s 33rd anniversary, scholarships will be awarded this year to 33000 girl students from 284 districts across 18 states. Since the programme began, it has supported more than 115000 girls.
The company has also established 1543 micro learning centres across 17 states in partnership with Pratham Education Foundation, with plans to increase the number to 2500 centres. Student enrolment is expected to grow from over 64000 to one lakh.

Under the Hunger Free World project, daily meals are provided to 115000 people across India, Zambia, and Ethiopia. Additional initiatives include housing support for destitute women and subsidised medicine distribution through Malabar Thanal pharmacies.
Malabar Gold and Diamonds stated that its CSR programmes are guided by ESG principles, with 5 percent of net trading profit allocated towards such initiatives. These efforts focus on education, healthcare, women empowerment, and environmental protection in collaboration with organisations including Pratham and Thanal, benefiting over 1.8 million people so far.

At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.