Malabar Gold plans to invest Rs 1,000 cr in expansion this year

Indian expansion would depend on the tax details in the GST

Malabar Gold & Diamond, one of the major retail chain of gold jewellery in the country, is planning to invest around Rs 1,000 crore this year mainly to expand its operations in new geographies overseas.

While the funding for the current expansion would be from banks and existing investors, the company would look at options such as Initial Pubic Offering (IPO) or Private Equity by 2020 for further growth, said M P Ahammed, chairman, Malabar Group.
 

The company at present has 175 showrooms across the world, including above 80 showrooms in India and overe 90 overseas. Plans are to