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M.A. Yusuff Ali

Chairman and Managing Director of LuLu Group International

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M.A. Yusuff Ali Bio

Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali (born 15 November 1955) is a UAE-based Indian businessman and billionaire. He is the Chairman and Managing Director of LuLu Group International, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. With an annual turnover of US$7.4 billion, LuLu Group International employs the largest number of Indians outside India. According to Forbes Middle East, Yusuff Ali was ranked No. 1 in Top 100 Indian business owners in the Arab World 2018.

In 2006, he started his large business ventures in India, by starting a convention centre cum hotel at his native place Thrissur, Kerala namely Lulu Convention Centre. In 2013, Yusuff Ali acquired 4.99% of the Thrissur-based Catholic Syrian Bank (CSB) and 4.99% shares of Thrissur based Dhanlaxmi Bank. Also in 2013, he increased his stake in the Aluva-based Federal Bank to 4.47%. In 2014 Yusuff Ali acquired 2% stake of South Indian Bank - another Thrissur based bank. In 2016, Yusuff Ali purchased the Scotland Yard Building in London. As of 2013, he held a 9.37% share in Cochin International Airport. He has bought a 10% stake in the UK-based trading firm, East India Company, and a 40% stake in its fine foods subsidiary for around $85 million in total. The Lulu Bolgatty International Convention Centre on Bolghatty Island is one of the largest convention centres in South Asia, along with the third largest Grand Hyatt branded hotel in the same campus. Lulu group's First Mall in India was LuLu International Shopping Mall, Kochi started in 2013, then in 2019, he started shopping mall in India at Triprayar, Thrissur, Kerala, the Y Mall In October 2021, Lulu group opened their second mall in India, Global Mall, at Rajaji Nagar, Bengaluru, Karnataka. In December 2021, Lulu group opened their third mall in India at Thiruvananthapuram, Kerala. And in July 2022, Lulu group opened their fourth mall in India at Lucknow, Uttar Pradesh.

Source: Wikipedia

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