Indian Aces
Sun 28 Jan 2018 10:17 AM
Yusuffali MA

Industry: Retail

Company: LuLu Group

Designation: Founder and Managing Director

The astute business vision and strategic mind of Kerala-born businessman Yusuffali MA have consistently delivered ambitious growth for Lulu Group. It’s little wonder, then, that he was chosen for a prestigious Arabian Business Achievement Award in 2018 Headquartered in Abu Dhabi, Lulu Group is best known for its chain of hypermarkets, which have long served a wide segment of Gulf residents.

The growth continues, too. Just last week it opened its 12th outlet in Saudi Arabia, its 143rd branch in total. It plans another six before the end of the year, bringing its total investment in the kingdom to SR500m by the end of 2019. In the same few days, Lulu Group International announced a partnership with the World Economic Forum (WEF) on a food security project.

Twenty14 Holdings, the Group’s hospitality investment arm, has also completed the acquisition of a Waldorf Astoria property in Edinburgh, Scotland, for $120m.

The Caledonian joins a portfolio of $650m worth of luxury property across the UK, the Middle East and, of course, India.

It is no wonder, then, that Deloitte  last year ranked Lulu Group as the top retailer in the Middle East and 27th in a list of the fastest growing retailers in the entire world.

I believe in my management scenario of delegating power to my people. I strongly believe in my people, my colleagues”