IRL2014-37.Maghanmal Pancholia
Posted inUncategorized 50 Richest Indians in the GCC 2014

Maghanmal Pancholia

Company: Arabian Trading Agency

Designation: Chairman

Most of our entries have been present in the Gulf for a long time, but few have built up the respect from all parts of the community enjoyed by Maghanmal Pancholia.

Having resided in Dubai for more than seven decades, he has achieved an admirable number of accolades and senior appointments.

It began for Pancholia in 1957, when he recognised the need for electricity in the emirate and decided to set up a firm to buy a generator and supply electricity to the markets around Dubai Creek. This made him the first man to bring electricity to the emirate, and he was later appointed the director of Dubai Electricity by the late Ruler of Dubai, HH Sheikh Rashid Bin Saeed Al Maktoum. He has also had roles with the Dubai Chamber of Commerce and Industry and Al Maktoum Hospital.

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