Malabar Group Allocates Rs 3.14 Crore for Telangana Girl Students' Education
Hyderabad: Malabar Group, the parent company of Malabar Gold & Diamonds, has announced a scholarship of Rs 3.14 crore for girl students in Telangana. This initiative will benefit over 3,900 students across 116 colleges in the state. The scholarship is part of the Malabar Scholarship Programme, the Group’s flagship Corporate Social Responsibility (CSR) initiative.
The scholarship distribution event was inaugurated by D Anasuya Seethakka, the Telangana Minister for Panchayat Raj. Prominent leaders of the Malabar Group, including Asher O (Managing Director – India), Siraj PK (Retail Head – Rest of India), Mohammed Shareej K (Zonal Head), and Shanib K (Zonal Head), were also present at the event.
M P Ahammed, Chairman of Malabar Group, emphasized the company’s commitment to education. He stated, “Our scholarship programme reflects Malabar Group’s belief that education unlocks opportunities and transforms lives.” He also highlighted that the Group allocates five percent of its profits to CSR initiatives, which are managed by the Malabar Charitable Trust, established in 1999.
This year, the Malabar Group has earmarked Rs 16 crore to support the education of over 21,000 girl students across India. The Malabar National Scholarship Programme, launched in 2007, has provided over Rs 60 crore in financial aid to more than 95,000 girl students nationwide.
In Telangana alone, the Group has extended Rs 13.74 crore in scholarships to benefit 22,400 girl students, according to an official press release. This initiative underscores Malabar Group’s ongoing efforts to empower young women through education.
