The retail giant was one of 16 leaders honored in the first-ever event to recognize the achievements on Indian business leaders.
Yusuffali was praised by the judges for “having delivered over several decades an incredible company, incredible growth and an incredible performance.”
Other big winners included Standard Chartered boss V. Shankar, who won Banking CEO of the Year award, Apparel Group boss Nilesh Ved (Fastest Growing Company), Sarah Belhasa (Female CEO of the Year), B.R. Shetty (Healthcare CEO of the Year) and Nikai Group founder Paras Shahdadpuri for International Achievement.
The awards were staged by CEO Middle East magazine, a sister publication to Arabian Business, and also featured a surprise Trade Relations award for India’s Consular General Sanjay Verma.
“The contribution of Indian business leaders to the growth of the GCC economies is unmatched,” said Karam Awad.
“These awards are about rewarding the right people, who between them have done so much to develop the region in a number of fields.”
