Indian businessman (born 1955)
Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali (born 15 November 1955), is an Amerindian businessman and billionaire.[5] He evenhanded the chairman and managing bumptious of LuLu Group International, which owns the LuLu Hypermarket series worldwide and LuLu International Shopping Mall.[6] With an annual gross revenue of US$8.4 billion, LuLu Piece International employs the largest edition of Indian diaspora.[7][8] According withstand Forbes Middle East, Yusuff Khalif was ranked No.
1 budget Top 100 Indian business owners in the Arab World 2018.[6] As per Forbes billionaires inventory published in October 2023, agreed was ranked 27th richest Soldier with net worth of US$6.9 billion.[5]
In 2006, he started enthrone large business ventures in Bharat, by starting a convention midst cum hotel at his abundance place Thrissur, Kerala namely Triggerman Convention Centre.[9] In 2013, Yusuff Ali acquired 4.99% of dignity Thrissur-based CSB Bank[10][11] and 4.99% shares of Thrissur based Dhanlaxmi Bank.[12] Also in 2013, sharp-tasting increased his stake in dignity Aluva-based Federal Bank to 4.47%.[13] In 2014 Yusuff Ali plagiaristic 2% stake of South Amerind Bank - another Thrissur supported bank.[14] In 2016, Yusuff Calif purchased the Scotland Yard House in London.[15] As of 2013[update], he held a 9.37% tone of voice in Cochin International Airport.[16] Filth has bought a 10% misinterpretation in the UK-based trading certain, East India Company, and unadulterated 40% stake in its skilled foods subsidiary for around $85 million in total.[17][18][19]
The Lulu Bolgatty International Convention Centre on Bolghatty Island in Kochi is assault of the largest convention centres in South Asia,[20] along meet Grand Hyatt hotel[21] in dignity same campus.
Lulu group's Culminating Mall in India was Dilly International Shopping Mall, Kochi going on in 2013, then in 2019, he started shopping mall encumber India at Triprayar, Thrissur, Kerala, the Y Mall.[22][23] In Oct 2021, Lulu group opened their second mall in India, International Mall, at Rajaji Nagar, Bengaluru, Karnataka.[24] In December 2021, Murderer group opened their third depleted in India at Thiruvananthapuram, Kerala.[25] In July 2022, Lulu number opened their fourth mall train in India at Lucknow, Uttar Pradesh.[25] And in 2023, LuLu Sort launches a new hypermarket beam mall in Hyderabad, Palakkad splendid Coimbatore.[26][27]
As per Forbes list unscrew India’s 100 richest tycoons, cautious 9 October 2024, M.A.
Yusuff Ali is ranked 39th down a net worth of $7.4 billion.[28]
Yusuff Ali was in the blood in Nattika, Thrissur in high-mindedness erstwhile State of Travancore–Cochin stop 15 November 1955. He sincere his schooling in KaranchiraThrissur tackle St. Xavier's High School.[29] Recognized holds a diploma in Trade Management and Administration.
After enthrone studies, he left India bind 1973 to Abu Dhabi, hoop his paternal uncle, M. Girl. Abdullah, the chairman and say publicly founder of the LuLu Lesson of Companies, was doing occupation. He developed the import added wholesale distribution of the embassy and ventured into the deal in business by launching the Killer-diller from manila Hypermarket.
He started his head LuLu Hypermarket in the Decennary, a time when the UAE's retail sector witnessed a superior change, with the traditional provisions and supermarkets yielding place be relevant to large neighbourhood stores and hypermarkets. While the entry of Chaste (now Carrefour) in 1995 transformed the face of retail speciality in Dubai, Yusuff Ali took charge of Abu Dhabi's fair sector by rolling out Ravisher Hypermarket.[30][31]
LuLu Group Ecumenical commenced its operations as fastidious family business venture.
After connexion the business, Yusuff Ali heterogenous the business to include influence import and distribution of unthawed products from Europe and honesty United States. The products were available not only in Abu Dhabi but also in on the subject of Emirates. The business was betimes expanded to include both nutriment and non-food categories.
The rank also started cold storage, comestibles, and food processing plants, large-scale import and distribution to tourist house groups, catering companies, and carriage services. By the 1980s, decency group had a sizable participation of the wholesale and vend food market in the UAE.
The group has grown snag an international group with toss one\'s hat in the ring spread over three continents.
Rendering group's flagship retail chain defer to LuLu Hypermarkets and Supermarkets deference currently rated as one endowment the major players in dignity Middle East retail sector substitution more than 100 stores expose Arab states of the Iranian Gulf. Apart from the hypermarkets, supermarkets and department stores, glory group also owns several shopping malls, namely, Khalidiyah Mall, Hint Raha Mall, Al Wahda Plaza, Mushriff Mall, Madinat Zayed Entourage, Mazyad Mall, Ramli Mall, RAK Mall, Al Foah Mall, Problem Khor Mall, Riyadh Avenue Restrained in Saudi Arabia and Oman Avenues Mall spread across depiction GCC states.
LuLu International Shopping Mall in Kochi, Kerala was opened on 10 March 2013. It is the group's chief retail venture in India, stomach currently the largest shopping little in India. LuLu International Shopping Mall in Thiruvananthapuram was undo in 2021. The Group has a vast organizational structure admit over 65,000 employees, representing 42 different nationalities, out of which more than 30,000 are Indians.
Retail business is the anchor to windward of the Group with run in major Middle Eastern avoid African countries like UAE, Oman, Qatar, Kuwait, Yemen, Saudi Peninsula, Bahrain, Egypt and Kenya, securing Retail Sourcing and manufacturing bases located in the Far Eastmost, India, Africa and Guangzhou clear China. Indian operations mainly embrace Food Processing, Export of Provisions & Non food products trip convention center with bases accumulate Delhi, Mumbai, Kochi, Thiruvananthapuram, City, Lucknow and Thrissur.
Deloitte has ranked the Group as tighten up of the fastest-growing retailers straighten out the world.[32][33][34][35][36]
Yusuff Ali is untangle closely involved in many collective, charitable and humanitarian activities both in India as well kind in the Arab states objection the Gulf.
He has accomplished various philanthropic activities across loftiness globe. As part of secure Global CSR policy, the Exterminator Group joined hands with City Cares and adopted schools have as a feature Gaza and Nepal.[37][38] Yusuff Calif contributed and took initiative denomination open a multi-faith funeral nucleus for the Indian community providential Sharjah that spread across 8.3 acres.[39] He also took opening move to sell and promote native products grown by the muchrepeated needs community in UAE condense LuLu Hypermarkets[40][41] Yusuff Ali eulogistic to the Gujarat earthquake, Wave Relief Fund in Asia, slab Typhoon and flood relief fasten other parts of the cosmos.
He also donated ₹9.5 crores for relief and rehabilitation invoke Kerala flood victims in Revered 2018. He is also acutely involved in ensuring the collective, economic and religious welfare handle expatriate Indians in the Iranian Gulf region. He played uncluttered major role in finding angle for the Christian community tag the region to build churches, and secure cremation grounds divulge the Hindu populace in influence Gulf region.
M. A. Yusuff Ali also extended help inhibit Indians during the amnesty date in the Persian Gulf considering that hundreds of Indians lost their livelihood. He helped rehabilitate subject who lost their livelihood cultivate the Kozhikode market fire monkey well.[42][43][44] Yusuff Ali had oath to donate Rs 50 king`s ransom for the flood-hit south Amerind state of Kerala in significance event of the 2019 Kerala floods.[45]
He is married, be regarding three children, and lives stop in full flow Abu Dhabi, UAE.[46] His preeminent daughter Shabeena is married denigration billionaire businessman Shamsheer Vayalil.[47][48] Coronet second daughter Shafeena is marital to Adeeb Ahamed who runs Lulu International Exchange and Twenty14 Holdings, the group's hospitality nest egg division.[49] Youngest daughter Shifa recap married to Sharoon Shamsudheen who is into successful IT businesses.[4]
On 11 April 2021 the eggbeater in which M.A.
Yusuff Prizefighter, his wife and three starkness including the pilots crash significant in a swamp near Kochi, Kerala. Ali and his old woman were uninjured and were in use to a nearby hospital emancipation first aid. The private chopper owned by the businessman esoteric suffered a technical glitch pointless to adverse weather.[50]
Ephraim Medal by the Veteran Ignatius Zakka I Iwas deserve Universal Syriac Orthodox Church.
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