Retail giant Yusuffali MA tops Indian Power List

Head of Lulu chain edges out Micky Jagtiani to top list of the Gulf’s most powerful Indians

EMKE Group boss Yussuffali MA has topped the list of the GCC’s 100 most powerful Indians, published by Arabian Business today.

[Click here to see the full list...]

The group, which owns the Lulu chain of hypermarkets, is headquartered in Abu Dhabi and has offices in 29 countries, employs around 27,000 people —including 22,000 Indians — and has an annual turnover of $3.75bn.

In at No.2 is another retail giant, Landmark boss Micky Jagtiani. GEMS boss Sunny Varkey, the brains behind one of the world’s largest school operators, netted the third spot.

The highest ranked banker was Standard Chartered CEO V Shankar, who took fourth place. Shankar is one of two bankers to secure spots in the top 10, with the CEO of Doha Bank, R Seetharaman, rounding up the rankings.

The list is dominated by UAE-based businessmen, hardly surprising when bilateral trade between India and the UAE topped $43bn last year. A report from Doha Bank last week noted that total trade between the six Gulf countries and India stood at $80bn in the first nine months of this year alone.

Edward Attwood, deputy editor of Arabian Business, said: “This year’s list proves beyond any doubt the huge contribution Indians have made to the development of the Gulf in the past few years.

“What is fascinating about the list is that many of those close to the top of it came to the region several years ago without any real income. Through sheer hard work, they have built empires worth billions of dollars.”

Click here to meet the GCC's most powerful Indians

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

Posted by: kumar

how can yusuf be more powerful than micky in the indian power list 2011 becoz according to arabianbusiness expat power list 2011 micky is more powerful than yusuf .
2ndly micky has a international footprint his parnterships r with spar hypermarkets(netherlands) and high street fashion apparel brands, restaurants, gym etc of the west apart of that he is a stakeholder in debenhams whereas yusuf is regional compared .i guess any western indepth credit rating and research company would definetely rate landmark more powerful than emke.even forbes(west)knows micky but doesnt know yusuf which means micky is regionally and internationally more recognised than yusuf so how is yusuf more powerful than micky.finally if u see landmark s portfolio its webpage it looks far more international competitive powerful sophasticated organised than emke.landmark is like alshaya the way emke chairman is m.k.abdulla so the power is divided between two persons so how is yusuf more powerful than micky?

Posted by: TB

Its very surprising and shameful that there are only 4 women on the list. Where is Uma Ghosh Deshpande, who is truly one of the most inspiring and influential Indians in the middle east.

Posted by: Daryl Timpson

Where is Sajith Ejas Al Mazil in this list? i believe he is of the most powerful indians in Qatar. He has close to 80% market share in his industry and is one of the most well connected.

Posted by: Tanay Chaturvedi

Congratulations to all in the list...purely irrational to omit B.R.Shetty from the list. Also Prominent personalities like K Muralidhran, CK Menon, Pankaj Agarwal...are listed at the bottom. I wonder what parameters were employed to device this list?

Posted by: Mike

Also we must not forget the contributions made by Shri. Thumbay Moideen, the first Indian who brought the cost of Healthcare Affordable to all through the GMC Hospitals and has provided free health camps to the multitudes, also the Gulf Medical University is now among the most reputed universities in the region and attracts students from over 50 nations. What an achievement......

All comments are subject to approval before appearing

Further reading

Features & Analysis
Everything you need to know about Qatar

Everything you need to know about Qatar

Former British protectorate has been ruled by the Al-Thani family...

The Al Thanis are Qatar's power family

The Al Thanis are Qatar's power family

New research sheds light on the overwhelming influence of the...

Raising the bar: DLA Piper plans fresh growth in the Gulf

Raising the bar: DLA Piper plans fresh growth in the Gulf

Legal firm DLA Piper’s Middle East business recorded 10 percent...

Most Discussed