Yusuf Ali Biography and Career
Yusuff Ali Musaliam Veettil Abdul Kader popularly known as Yusuf Ali was born on 15 November 1955. JJ is an Indian businessman and billionaire based in the United Arab Emirates. Yusuff Ali was named the top Indian business owner in the Arab World in 2018 by Forbes Middle East. In this article we are going to talk about the biography, career, notable works, businesses and family of Yusuf Ali so read the article till the end.
He is the Chairman and Managing Director of LuLu Group International, which owns the LuLu Hypermarket chain and the LuLu International Shopping Mall throughout the world. LuLu Group International employs the most Indians outside of India, with annual revenue of $7.4 billion.
Starting days
Yusuf Ali is a famous businessman, this biography article is incomplete without talking about his struggle, businesses and investments. So here you will gain info about his career.
In 2006, he began his large business ventures in India by establishing the Lulu Convention Centre in his hometown of Thrissur, Kerala. Yusuff Ali purchased 4.99% of Thrissur-based Catholic Syrian Bank (CSB) and 4.99% of Thrissur-based Dhanlaxmi Bank in 2013.
He also increased his stake in the Aluva-based Federal Bank to 4.47% in 2013. Yusuff Ali purchased a 2% stake in South Indian Bank, another Thrissur-based bank, in 2014.
Yusuff Ali purchased the Scotland Yard Building in London in 2016. In 2013, he owned 9.37% of Cochin International Airport.
LuLu Group of Industry
LuLu Group International began as a family-owned and operated business. Yusuff Ali expanded the business after joining it to include the import and distribution of frozen products from Europe and the United States.
The products were not only available in Abu Dhabi, but also the other Emirates. The company quickly expanded into both food and non-food categories.
The company also established cold storage facilities, meat, and food processing plants, as well as large-scale import and distribution to hotel chains, catering companies, and shipping services. By the 1980s, the group controlled a sizable portion of the UAE’s wholesale and retail food markets.
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Shot biography of Yusuf Ali
He is married with three children and lives in Abu Dhabi, United Arab Emirates. Sabeena, his eldest daughter, is married to billionaire businessman Shamsheer Vayalil.
His second daughter, Shafeena, is married to Adeeb Ahamed, the CEO of Lulu International Exchange and Twenty14 Holdings, the group’s hospitality investment arm.
The helicopter carrying M.A. Yusuff Ali, his wife, and three others, including the pilots, crash-landed in a swamp near Kochi, Kerala, on April 11, 2021.
Both were unharmed and were taken to a nearby hospital for treatment. Due to inclement weather, the businessman’s private helicopter experienced a technical malfunction.
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Random biography facts about Yusuf Ali
He paid around $85 million for a 10% stake in the UK-based trading firm East India Company and a 40% stake in its fine food’s subsidiary.
The Lulu Bolgatty International Convention Centre on Bolgatty Island is one of the largest convention centers in South Asia and is located on the same campus as the third largest Grand Hyatt branded hotel. In 2019, he opened his second shopping mall in India, the Y Mall, in Triprayar, Thrissur, Kerala.
Global Mall, his third shopping mall in India, opened in October 2021 in Rajaji Nagar, Bengaluru, Karnataka. Lulu Group will open its fourth mall in India in Thiruvananthapuram, Kerala, in December 2021.
We hope this biography article of Yusuf Ali will be helpful for you to understand his journey and works.
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