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Sun 16 Oct 2011 07:29 AM

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Retail giant Yusuffali MA tops Indian Power List

Head of Lulu chain edges out Micky Jagtiani to top list of the Gulf’s most powerful Indians

Retail giant Yusuffali MA tops Indian Power List
Retail giant Yusuffali MA tops Indian Power List
Retail giant Yusuffali MA tops Indian Power List
Retail giant Yusuffali MA tops Indian Power List
Retail giant Yusuffali MA tops Indian Power List

EMKE Group boss Yussuffali MA has topped the list of the GCC’s 100 most powerful Indians, published by Arabian Business today.

[Click here to see the full list...]

The group, which owns the Lulu chain of hypermarkets, is headquartered in Abu Dhabi and has offices in 29 countries, employs around 27,000 people —including 22,000 Indians — and has an annual turnover of $3.75bn.

In at No.2 is another retail giant, Landmark boss Micky Jagtiani. GEMS boss Sunny Varkey, the brains behind one of the world’s largest school operators, netted the third spot.

The highest ranked banker was Standard Chartered CEO V Shankar, who took fourth place. Shankar is one of two bankers to secure spots in the top 10, with the CEO of Doha Bank, R Seetharaman, rounding up the rankings.

The list is dominated by UAE-based businessmen, hardly surprising when bilateral trade between India and the UAE topped $43bn last year. A report from Doha Bank last week noted that total trade between the six Gulf countries and India stood at $80bn in the first nine months of this year alone.

Edward Attwood, deputy editor of Arabian Business, said: “This year’s list proves beyond any doubt the huge contribution Indians have made to the development of the Gulf in the past few years.

“What is fascinating about the list is that many of those close to the top of it came to the region several years ago without any real income. Through sheer hard work, they have built empires worth billions of dollars.”

Click here to meet the GCC's most powerful Indians

mahesh 8 years ago

congratulations to all those who made the list

Anoop Sasi Babu 8 years ago

Congratulations Sir. Proud to be a part of EMKE GROUP. You are a great leader, humanitarian and above all one of the greatest personalities...

ik 8 years ago

Mr. Yusuffali in a down to earth true gentleman. He does not display his laurels on him & that is what keeps him light. I have met him & congratulate him on topping the Indian Power List.

Mohamed 8 years ago

B.R Shetty, the second richest Indian according to the previous list published by Arabian Business is not seen anywhere in the list. I remember he was featured prominently last year. Is it a mistake on the part of Arabian Business, can someone explain why was he missed out not forgetting the fact that he controls the largest private sector helthcare group in the UAE and one of the largest remittence service providers in the ME region.

Manoj 8 years ago

where is BR SHETTY , Ramesh Prabhakar (Rivoli),

preet 8 years ago

Where is Dr. BR Shetty?

NOORUDHIN A AHMED 8 years ago

Congrats to Mr.Yousuf Ali.
This result his commitment,passion and hard work to his job.
He is top to bottom a through Getleman.He acceptable to all walk of life.
I congratulate him for this big achievment.He is a model to all entrepreouners and the most attracting thing in him is, he is without any wise qualitiies.

Mike 8 years ago

Also we must not forget the contributions made by Shri. Thumbay Moideen, the first Indian who brought the cost of Healthcare Affordable to all through the GMC Hospitals and has provided free health camps to the multitudes, also the Gulf Medical University is now among the most reputed universities in the region and attracts students from over 50 nations. What an achievement......

Tanay Chaturvedi 8 years ago

Congratulations to all in the list...purely irrational to omit B.R.Shetty from the list. Also Prominent personalities like K Muralidhran, CK Menon, Pankaj Agarwal...are listed at the bottom. I wonder what parameters were employed to device this list?

Daryl Timpson 8 years ago

Where is Sajith Ejas Al Mazil in this list? i believe he is of the most powerful indians in Qatar. He has close to 80% market share in his industry and is one of the most well connected.