The Competition Commission of India (CCI) has approved the merger of 51 companies of Kozhikode-headquartered Malabar Group into Malabar Gold & Diamonds, clearing a major internal restructuring aimed at consolidating the jewellery retailer's operations under its flagship entity.
The regulator said most of the 51 companies being merged are engaged in the jewellery business. The move is expected to simplify the group's corporate structure, improve operational efficiency and strengthen Malabar Gold & Diamonds as the principal operating company.
In a statement issued on Tuesday, the CCI said the proposed combination envisages the merger of 51 Malabar Group companies (transferor companies) with Malabar Gold & Diamonds (transferee company).
"The proposed combination envisages the merger of 51 Malabar Group's companies (transferor companies) with Malabar Gold and Diamonds (transferee company). CCI has approved the merger of 51 Malabar Group's companies with and into Malabar Gold and Diamonds," the regulator said.
The approval comes under the Competition Act after the CCI assessed the proposed combination.
According to the CCI, Malabar Gold & Diamonds is the flagship company of the Malabar Group and operates across the entire jewellery value chain.
Its business activities include:
Manufacturing jewellery
Retail and wholesale trading
Import and export
Distribution and supply
Franchising operations
Buying and selling gold, diamonds, bullion, silver, platinum, precious stones and other jewellery products
The company also acts as a dealer, agent, consignor and consignee for jewellery-related lifestyle products and allied items, both directly and through franchisees, executive dealers and other distribution partners.
The CCI approval comes as Malabar Gold & Diamonds continues to expand its retail network.
In March 2026, the company announced plans to invest ₹1,580 crore to open 20 new showrooms across India. The expansion strategy is aimed at increasing its presence in both fast-growing metropolitan markets and smaller cities, reflecting the growing demand for organised jewellery retail.
The investment is expected to strengthen the company's nationwide footprint while supporting its long-term growth plans.
The consolidation of 51 group companies into a single flagship entity is expected to simplify governance, reduce administrative complexity and enable faster decision-making. The restructuring is also likely to improve operational efficiencies and optimise resource allocation across the group's jewellery business.
Malabar Gold & Diamonds is one of India's largest jewellery retailers, with a strong presence across the country and international markets, particularly in the Gulf. The restructuring comes at a time when organised jewellery chains are expanding aggressively amid rising consumer preference for branded jewellery and increasing regulatory compliance in the sector.
