5/4/2023 0 Comments Lulu storeHe developed the import and wholesale distribution of the group and ventured into the supermarket business by launching Lulu Hypermarket. He holds a diploma in Business Management and Administration.Īfter his 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 did his schooling in Karanchira at St. Yusuff Ali was born in a Muslim family in Nattika in Thrissur district of Kerala on 15 November 1955. And in July 2022, Lulu group opened their fourth mall in India at Lucknow, Uttar Pradesh. In December 2021, Lulu group opened their third mall in India at Thiruvananthapuram, Kerala. In October 2021, Lulu group opened their second mall in India, Global Mall, at Rajaji Nagar, Bengaluru, Karnataka. 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. 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. 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. ![]() As of 2013, he held a 9.37% share in Cochin International Airport. In 2016, Yusuff Ali purchased the Scotland Yard Building in London. In 2014 Yusuff Ali acquired 2% stake of South Indian Bank - another Thrissur based bank. Also in 2013, he increased his stake in the Aluva-based Federal Bank to 4.47%. In 2013, Yusuff Ali acquired 4.99% of the Thrissur-based Catholic Syrian Bank (CSB) and 4.99% shares of Thrissur based Dhanlaxmi Bank. 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. 1 in Top 100 Indian business owners in the Arab World 2018. According to Forbes Middle East, Yusuff Ali was ranked No. With an annual turnover of US$7.4 billion, LuLu Group International employs the largest number of Indians outside India. He is the Chairman and Managing Director of LuLu Group International, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. ![]() Yusuff Ali (born 15 November 1955) is a UAE-based Indian businessman and billionaire. ![]() Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. Shamsheer Vayalil (son in-law), Adeeb Ahamed (son in-law)
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