Company: Lals Group
A diversified business conglomerate in the UAE, Lals Group has multiple interests in retail, trading and hospitality. It also owns and operates the much-loved Lamcy Plaza, which is due to reopen this year, and oversees the Sharjah Shopping Mall and the Arabian Centre Mall.
Altogether, Ganwani owns and runs more than 50 retail franchises, including Homes R Us, Mr Price, Bossini, G2000 and Daiso. Earlier this year, Lals opened its 17th store in the region in Qatar.
The group also opened its Miriade store in the UAE at Ibn Battuta mall. Located in the India Court, the store is the brand’s fourth in the GCC. A sophisticated, chic Italian brand, Miriade showcases a range of styled luxury accessories for ladies.
Ganwani also branched Lals Group out into property development, forming Signature Developers as an equal joint-venture with the Regal Group, Vikram Shroff and Raju Shroff.
Signature has two projects under construction; the ultra-luxury 118 Downtown and a mixed-use tower at JLT, which will feature The Residences’ apartments and a hotel managed by India’s hospitality group Taj.