50.Richest.Indians.2016-1.Sunil Vaswani
Posted inUncategorized 50 Richest Indians in the GCC 2016

Sunil Vaswani

Company: Stallion Group

Designation: Chairman

Sunil Vaswani dared to kick off his entrepreneurial career in Africa but station his growing Stallion Group overseas in Dubai — moves that have paid off to the tune of billions. Today the conglomerate continues to evolve and grow, creating a legacy that generates jobs and produces positive impacts within communities.

In its last full year, Stallion Group raked in $3.72bn in revenues, but that’s small fry compared to what’s next. Vaswani says he is hoping to create investment opportunities to the tune of $9bn by partnering with big international firms to help develop the continent.

“The next two decades may see Africa emerge as a very strong world economy,” Vaswani told Arabian Business recently. “The change will be driven by a growing captive demand, a surging middle class, increasing the willpower of governments to make the region self-sufficient, an improved investment climate that will aid foreign investment and take advantage of natural resources. Africa could potentially see massive capital inflows as the perception of risk gradually diminishes in the coming years.”

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