M. A. Yusuff Ali
- January 19, 2024
- Businessman
Quick Facts
M. A. Yusuff Ali Biography
| Birthday | Nov 15 |
| Birth Year | 1955 |
M. A. Yusuff Ali is one of the most popular and richest Businessman who was born on November 15, 1955 in Nattika, Kerala, India.
LuLu Group International commenced its operations as a family business venture. After joining the business, Yusuff Ali diversified the business to include 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 also started cold storages, 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 sizable share of the wholesale and retail food market in the UAE.
The group has grown into an international group with operations spread over three continents. The group’s flagship retail chain of LuLu Hypermarkets and Supermarkets is currently rated as one of the major players in the Middle East retail sector with more than 100 stores in Arab states of the Persian Gulf. Apart from the hypermarkets, supermarkets and department stores, the group also owns several shopping malls, namely, Khalidiyah Mall, Al Raha Mall, Al Wahda Mall, Mushriff Mall, Madinat Zayed Mall, Mazyad Mall, Ramli Mall, RAK Mall, Al Foah Mall, Al Khor Mall, Riyadh Avenue Mall in Saudi Arabia and Oman Avenues Mall spread across the GCC states. LuLu International Shopping Mall in Kochi, Kerala was opened on 10 March 2013. It is the group’s first retail venture in India, and currently the largest shopping mall in India. A bigger mall is currently under construction in Trivandrum, and once opened is expected to be India’s second largest shopping mall. The Group has a vast organizational structure of over 40,000 employees, representing 37 different nationalities, out of which more than 25,000 are Indians. Retail business is the mainstay of the Group with operations in major Middle Eastern and African countries like UAE, Oman, Qatar, Kuwait, Yemen, Saudi Arabia, Bahrain, Egypt and Kenya, having Retail Sourcing and manufacturing bases located in Far East, India, Africa and Guangzhou in China. Indian operations mainly include Food Processing, Export of Food & Non food products and convention center with bases in Trivandrum, Delhi, Lucknow, Mumbai, Chennai, Cochin and Trichur. Deloitte has ranked the Group as one of the fastest growing retailers in the world.
Yusuff Ali was born in Thrissur district on 15 November 1955. He completed his schooling from Nattika where he did his diploma in Business Management and Administration. After the studies, he left India in 1973 to Abu Dhabi, where his paternal uncle, M K Abdullah, the chairman and the founder of the LuLu Group of companies, was doing business. He developed the import and wholesale distribution of the group and ventured into the supermarket business by launching Lulu Hypermarket. He started his first Lulu Hypermarket in the 1990s, a time when the UAE’s retail sector witnessed a major change, with the traditional groceries and supermarkets yielding place to large neighborhood stores and hypermarkets. While the entry of Continent (now Carrefour) in 1995 changed the face of retail business in Dubai, Yusuff Ali took charge of Abu Dhabi’s retail sector by rolling out LuLu Hypermarket.
M. A. Yusuff Ali Net Worth
| Net Worth | 3.9 billion USD (2020) |
| Source Of Income | Businessman |
| House | Living in own house. |
Net Worth: As of 2020, M. A. Yusuff Ali’s net worth is reported to be roughly 3.9 billion USD according to various financial reports. Much of this wealth is attributed to his vast business empire, which includes the LuLu Group International. His assets comprise of LuLu hypermarkets, shopping malls and various other business ventures across the globe. In comparison with similar profiles in the business world, it is evident that Yusuff Ali has made significant strides in his industry, establishing himself as one of the wealthiest individuals in the Middle East.
Career and Financial Growth: Yusuff Ali’s career began in 1973 in Abu Dhabi, where he helped develop the import and wholesale distribution of his uncle’s business, LuLu Group. He then diversified the business and ventured into the supermarket sector by launching Lulu Hypermarket. His keen business acumen has seen him make strategic investments that have significantly contributed to his financial growth such as his acquisition of stakes in various Indian banks and the UK-based trading firm, East India Company.
Source of net worth: Much of Yusuff Ali’s net worth comes from his prosperous career as a businessman. His successful running of the LuLu Group International, which includes hypermarkets, supermarkets and shopping malls, significantly contribute to his substantial net worth. Additionally, he has made several lucrative ventures and investments that have further boosted his fortune.
Personal Projects and Ventures: Outside his primary profession, Yusuff Ali has embarked on various projects and ventures such as the acquisition of the Scotland Yard Building in London and stakes in several banks based in Thrissur, India. He also owns several shopping malls such as the LuLu International Shopping Mall in Kochi, India.
Philanthropy: Yusuff Ali is an active philanthropist. He has contributed to various causes including the construction of a multi-faith funeral centre for the Indian community in Sharjah and promoting organic products grown by the special needs community in UAE. He has made significant donations towards disaster relief efforts including the Gujarat earthquake and relief for Kerala flood victims.
Recent Developments: Recent developments include the opening of new malls in Lucknow, Uttar Pradesh and Hyderabad in 2022 and 2023 respectively. Economic trends, such as the growth of the retail sector in India and the Middle East, suggest that these ventures will significantly contribute to Yusuff Ali’s future net worth.
Height, Weight & Body Measurements
M. A. Yusuff Ali height Not available right now. M. weight Not Known & body measurements will update soon.
Who is M. A. Yusuff Ali Dating?
According to our records, M. A. Yusuff Ali married to Shabira Yusuff Ali. As of January 13, 2024, M. A. Yusuff Ali’s is not dating anyone.
Relationships Record : We have no records of past relationships for M. A. Yusuff Ali. You may help us to build the dating records for M. A. Yusuff Ali!
Facts & Trivia
M. Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in India. M. A. Yusuff Ali celebrates birthday on November 15 of every year.