FOUNDER(OWNER)OF LULU HYPERMARKET,INCOME,BIO AND WIKKI

INTRODUCTION

M.A Yusuff Ali is a businessman from Kerala’s Thrissur district in India.He is the Managing Director of the EMKE LuLu Group headquartered in Abu Dhabi.The company owns the Lulu chain of hypermarkets in the Middle East . The annual turnover of the company is about four and half billion dollars and the group also employs a huge number of Indians outside the country.

Yusuff Ali
 


Yusuff Ali, Managing Director, Emke Group, awarded by H.H. The Crown Prince (8267075479).jpg

Yussuf Ali (left) awarded by the Crown Prince
Born
Yusuff Ali Musaliam Veettil Abdul Kader

15 November 1955(age 64)

Nattika, Thrissur district, India
Nationality Indian
Occupation Founder & Managing Director of

  • Lulu Group International,
  • Y International and
  • LuLu International Shopping Mall
Net worth US$4.4 billion (January 2020)
Office Y Tower, Abu Dhabi
Spouse(s) Married
Children 3
Relatives Shamsheer Vayalil (son in-law)
Website

lulu hypermarket

Forbes has announced him to be the 39thrichest man in India and 737th in the entire world. The personal wealth of Yusuff Ali amounts to 2.8 billion dollars and he has also acquired as much as 4.99% of the Catholic Syrian Bank which is a 93 year old organisation based in Thrissur. He also increased the stakes in the Federal Bank to as much as 4.47%. He has been in the headlines after purchasing the Scotland Yard Building.

Early Life

He was born on November 15, 1955 in the Thrissur district. His schooling was done from Natika from where he went to Gujarat for pursuing his diploma in the field of Business Management and Administration. He left the country in the year 1973 for Abu Dhabi to join the EMKE Group of companies founded by MK Abdullah, his uncle. He developed the wholesale distribution as well as the import of the company and also ventured into the business of supermarkets with the launch of the Lulu Hypermarket.

lulu market opening

first Hypermarket was founded by him during the 1990s.. During this time the retail sector of UAE went across a sea change with marketplaces making way for hypermarkets and neighbourhood stores. As the retail business scene was changed by Continent’s entry in 1995, Yusuff Ali took charge of the retail sector of Abu Dhabi as he rolled out the LuLu Hypermarket.

LuLu Group International

LuLu Group International began its operations as a family business venture. After joining the business, Yusuf Ali diversified the business to include the import and distribution of frozen products from Europe and the United States. The products were available not only in Abu Dhabi but also in other Emirates. The business was soon expanded to include both food and non-food categories. The group began cold storage, meat, and food processing plants, large-scale import and distribution to hotel groups, catering companies and shipping services. By the 1980s, the group had a large share of the wholesale and retail food market in the United Arab Emirates. The group evolved into an international conglomerate, with operations spanning three continents. The group’s flagship retail chain Luelu Hypermarkets & Supermarkets is currently considered one of the major players in the Middle East retail sector, with more than 100 stores in the Persian Gulf Arab states. Apart from hypermarkets, supermarkets and department stores, the group owns several shopping malls, namely, Khalidiyah Mall, Al Raha Mall, Al Wahda Mall, Musharraf Mall, Madinat Zayed Mall, Mazard Mall, Ramli Mall, RAK Mall, Al Foam Mall. , Al Khor Mall, Riyadh Avenue Mall in Saudi Arabia and Oman Avenue Mall in GCC states. LuLu International Shopping Mall was opened on 10 March 2013 in Kochi, Kerala. It is the group’s first retail venture in India, and is currently the largest shopping mall in India. A large mall is currently under construction in Trivandrum, and is expected to become India’s second largest shopping mall once opened. The group has a vast organizational structure of over 40,000 employees, representing 37 different nationalities, of which over 25,000 are Indians. Retail is the mainstay of the business group, which operates in major Middle Eastern and African countries such as the United Arab Emirates, Oman, Qatar, Kuwait, Yemen, Saudi Arabia, Bahrain, Egypt and Kenya, near retail located in the Far East, India Sourcing and manufacturing base. Guangzhou in Africa and China. Indian operations mainly include food processing, export of food and non-food products and convention centers with locations in Trivandrum, Delhi, Lucknow, Mumbai, Chennai, Cochin and Thrissur. Deloitte ranks the group as one of the world’s fastest growing retailers
LuLu Group International
Type
Limited liability company
Industry Conglomerate
Founded 2000
Founder Yusuff Ali M.A.
Headquarters
Abu Dhabi

,

UAE
Number of locations
190 stores (Last open Cairo , Egypt )
Area served
  • Asia (including the
    GCC and MENA)
  • Africa
  • Europe
  • America
Key people
Yusuff Ali M.A.(Founder and Managing Director)
Revenue Increase$ 7.4 billion (Mar 2020)
Number of employees
57,000
Website lulugroupinternational.com
luluhypermarket.com

Career

lulu tech park

The Lulu Group has a hundred and fourteen supermarkets, hypermarkets along with grocery outlets and most of them can be found in the Middle East. Lately, the company has made expansions in markets of Indonesia and Malaysia where the ‘halal’ products have become quite popular. All the investments are being pumped by Yusuff Ali who was born in a rural village of southern India.

There is a LuLu mall and a couple of Marriott hotels in Cochin, Kerala in India that is owned by him. He also maintains a waterfront home that is as big as 60,000 square feet. He is engaged with building a technology park known as the Lulu Tech Park along with the Grand Hyatt hotel. He has recently made announcement of investing four hundred and thirty five million dollars in Telangana, another southern state of India that will have hypermarket, mall, meat and food processing unit as well as a convention centre.

Personal Life

billionaire visits

As far as his personal life is concerned, Yusuff Ali has three daughters with his wife Shabira Yusuff Ali. He also maintains a waterfront home that is as big as 60,000 square feet. One of the newest toys to his collections is the Embraer Legacy 500 jet. A successful business man from Kerala, Yusuff Ali had been an inspiration to several young aspirants of his community.

 

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