50 Richest Indians in the GCC
Micky Jagtiani
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Micky Jagtiani

Industry: Retail

Company: Landmark Group

Designation: Founder

Country of residence: Bahrain

It’s no suprise to Micky Jagtiani tops our list. But it’s hard to believe that Micky Jagtiani founded the Landmark Group in Bahrain in 1973 with a single store.

Today, his Dubai-based company is one of the largest retail conglomerates in the region with interests spanning children’s fashion, footwear and cosmetics, with additional interests in leisure, hotels and electronics.

Landmark operates a string of international stores such as New Look, Shoemart, Steve Madden and Kurt Geiger and has also developed its own brands including Maxx Fashion, Splash, the Baby Shop and the Home Centre. With all those brands, it’s not surprising Jagtiani’s operations have a turnover of $4.7bn a year. It has a presence in eighteen countries with 1,300 outlets, 40,000 employees and commands a staggering 20 million square feet of retail of space.

But it seems there is no stopping Jagtiani. He has set a goal of hitting over $5bn in sales by 2015, which includes plans to have 2,000 stores under his belt and a presence in 20 countries. Few would bet against him succeeding.