Yusuffali M.A. is a name to reckon with in the business world.
Yusuffali, a top-notch business magnet, has established himself as a bigwig in the domain of retail business in the world.
With a slew of Lulu stores in Saudi Arabia, GCC countries and in many other countries, including India, this business whiz has indeed stamped an indelible impression on the global business map. Under his dynamic leadership, Lulu Group has achieved significant growth and diversified into various business lines.
Today, the Group is one of the leading importers, wholesalers and retailers of all kinds of consumer items with a worldwide business network and a vast organizational structure of over 29,000 employees from 29 different nations.
With an annual turnover of $ 4.75 billion, the group is best known in the Gulf through a chain of shopping malls, Lulu hypermarkets, supermarkets and department stores.
Apart from its overall presence in Saudi Arabia, the UAE, the group has major business interests in India, China, Hong Kong, Qatar, Bahrain, Oman, Kuwait, Yemen, Egypt, Indonesia, Thailand, Kenya, Tanzania and Benin.
In recognition of his remarkable achievements in business and industry, and his distinguished services in social work, he was conferred India’s civilian Padma Shri award by the country’s president in 2008. He was the first non-resident Indian from the Gulf and the Middle East countries to be honored with this award by the government of India.
Taking into consideration his outstanding achievement in the field of business and in recognition of his valuable contribution in promoting the honor and prestige of India and in fostering the interests of overseas Indians, he was conferred with the Pravasi Bharatiya Samman Award, the highest Indian government award given to non-resident Indians by the Indian president in 2005.
The crowning glory in his career came when the business community in Abu Dhabi elected him as the director board member of the Abu Dhabi Chamber of Commerce and Industry, which is one of the world’s most prosperous and wealthy business regulatory authorities.
He is the first and only Indian from the Middle East elected to such a business regulatory authority.
In addition to this, he is also the vice chairman of its trade committee. After four years, in 2009, the UAE business community re-elected him to the director board of ADCCI with a thumping majority.
The cabinet of the UAE in its decision of the year 2011 approved his nomination to the director board of Zakat Fund, the governmental and federal institution of the UAE. The justice minister of the UAE is the chairman of the board.
