M. A. Yousuf Ali
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|M. A. Yusufali Ali|
|Born||Yusuffali Musaliam Veettil Abdul Kader
15 November 1955
Nattika, Thrissur district
|Residence||EMKE Mansion, Nattika, Thrissur district|
|Employer||Managing Director of LULU Group International|
|Net worth||US$ 1.6 billion|
|Awards||Padma Shri (2008)
Pravasi Bharatiya Samman Award (2005)
Commander of the Syriac Orthodox Church (2004)
Yusuffali M.A is an Indian businessman from Nattika in Thrissur district of Kerala. He is the Managing Director of Abu Dhabi-headquartered EMKE LuLu Group of companies that owns the Lulu Hypermarket chain in Middle East. With an annual turnover of US$ 4.5 billion globally, the Group employs the largest number of Indians outside India. According to the recent Forbes Listing, Yusuff Ali is currently the 39th wealthiest Indian and the 974th richest in the world, with a personal wealth of $1.6 billion. He recently acquired 4.99 per cent shares of the 93-year-old Thrissur-based Catholic Syrian Bank (CSB). Recently he has increased his stake in the Kerala-based Federal Bank to 4.47 per cent.
Yusuffali was born in Thrissur district on November 15, 1955. He completed his schooling from Nattika and moved to Gujarat where he did his diploma in Business Management & Administration. After the studies he left India in 1973 to Abu Dhabi where his paternal uncle, MK Abdullah, the Chairman and the founder of the EMKE Group of companies was doing business. He developed the import and wholesale distribution of the group and ventured in to the supermarket business by launching Lulu Hypermarket. He started his first Lulu Hypermarket in 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, Yusuffali took charge of Abu Dhabi's retail sector by rolling out LuLu Hypermarket in Abu Dhabi.
EMKE Group (LuLu Group International)
The EMKE Group alias LuLu Group International was founded by Mr. M. K. Abdulla, M. A. Yusuffali’s uncle. After joining the business, Yusuffali diversified the business to include import and distribution of frozen products from Europe and the US. The products were available not only in Abu Dhabi but also in the interiors of the Emirates too. The business was soon expanded to include both food & 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 sizeable share of the wholesale and retail food market in the UAE.
The Group headquartered in Abu Dhabi has grown into an international group with operations spread over three continents. EMKE 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 the Gulf Cooperation Council (GCC) Arab states. 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, and Al Khor Mall, spread across the GCC states. LuLu Shopping Mall in Kochi, Kerala was opened on 10 March 2013. It is the group’s first retail venture in India. Another ambitious project in progress is the Riyadh Avenue Mall in Saudi Arabia. The Group has a vast organizational structure of over 30,000 employees, representing 29 different nationalities, out of which more than 23,000 are Indians. Retail Business is the mainstay of the Group with operations in major Middle East 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 Delhi, Lucknow, Mumbai, Chennai, Cochin and Trichur.
Yusuffali is married to Shabira Yusuffali and has three daughters.
Yusuffali is very closely involved in many social, charitable and humanitarian activities both in India as well as in the Gulf countries. He has done various philanthropic activities across the globe. As part of its Global CSR policy, the LuLu Group joined hands with Dubai Cares and adopted schools in Gaza and Nepal. Yusuffali contributed and took initiative to open a multi-faith funeral centre for the Indian community in Sharjah that spread across 8.3 acres. He also took initiative to sell and promote organic products grown by the special needs community in UAE through LuLu Hypermarkets . Yusuffali donated generously towards the Gujarat Earthquake, Tsunami Relief Fund in Asia, and Typhoon and flood relief in other parts of the world. He is also actively involved in ensuring the social, economic and religious welfare of expatriate Indians in the Gulf. He played a major role in finding land for the Christian community in the region to build churches and secure cremation grounds for the Hindu populace in the Gulf. M. A. Yusuffali also extended help to Indians during the amnesty period in the Gulf when hundreds of Indians lost their livelihood. He helped rehabilitate people who lost their livelihood in the Calicut market fire as well.
M.A Yusuffali has held and is currently holding several positions in government bodies and agencies, social, educational and charitable sector.
- Government bodies and agencies
- Member of the Prime Minister’s global advisory council of overseas Indians
- Mediator for the Smart City project
- Board member of the Abu Dhabi Chamber of Commerce & Industries (ADCCI)
- Member of Central Wakf Council, Government of India
- Director –Air Kerala International Services Ltd
- Director — Kerala State Industrial Development Corporation Ltd. (KSIDC)
- Director, Cochin International Airport Limited. He recently raised his stake by acquiring five lakh CIAL shares held by Thrissur-based Dhanlaxmi Bank Ltd.
- Vice-chairman of Roots-NRK Development Initiative
- Former director of Air India (2010 – 2012)
- Social, educational and charitable organizations
- Managing Director — EMKE Group
- Managing Director – LuLu International Shopping Mall, Cochin, Kerala
- Managing Director – LuLu International Convention Centre, Thrissur, Kerala
- Chairman of MES Medical College
- Member — Indian Business & Professional Council, Dubai, UAE
- Chief Patron — Indian Islamic Centers in U.A.E.
- Chairman of the Board of Governors — India Social & Cultural Centre (ISC)
- Chairman of Lakeshore Hospital & Research Centre, Kochi
- Minority stakeholder in the Catholic Syrian Bank
Recognition and awards
- Listed in the Forbes Magazine’s annual tally of billionaires in March 2013 at the 974th position with a net worth of $1.5 billion.
- "Most Influential Asian Business Leader in the MENA region" award by Forbes ME in 2012.
- "Arab Business Leader of the Year 2012" during the third edition of the Global Arab Business Meeting held in Ras Al Khaimah.
- Listed in the Indian Rich List 2011 by Arabian Business magazine.
- Lifetime Achievement Award at the inaugural Indian CEO Awards held in February 2012.
- Conferred with the title of Padma Shri by Smt. Pratibha Patil, the Honourable President of India in 2008
- "Business Man of the Year 2009-10" award instituted by the Kerala State Forum of Bankers’ Clubs.
- Forbes MENA region most influential Asian Business Leader Award 2012.
- Swiss Ambassador’s Award 2012 for outstanding efforts in promoting Swiss-UAE relations.
- "Pravasi Bharatiya Samman Award" in 2005; the highest Indian government award given to non-resident Indians.
- "Awards | Businessman of the year | Life time Achievement Award – Yusuffali". Yusuffali.com. Retrieved 2013-07-19.
- http://www.forbes.com/profile/ma-yusuff-ali/. Missing or empty
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