Company: Lal’s Group
Wealth: 530 Million
One of the most diversified business conglomerates in the UAE, the Lal’s Group of Companies is headquartered in Dubai and has multiple interests in retail, trading and hospitality.
It also owns and operates Lamcy Plaza, one of the UAE’s most popular shopping destinations. At the head of this firm is Jayant Ganwani, an entrepreneur who has also chosen this year to enter the highly lucrative furnishings and furniture market with a Homes R Us showroom in Abu Dhabi.
The brand also plans to open in Oman in early 2012 and is also looking at possible ventures in Kuwait.
Elswhere, Ganwani also oversees the Sharjah Shopping Mall, as well as the relaunched Arabian Centre Mall in Mirdiff.