M. A. Yusuff Ali

M. A. Yusuff Ali
Yusuff Ali in 2023
Born
Yusuff Ali Musaliam Veettil Abdul Kader

(1955-11-15) 15 November 1955 (age 69)
Nattika, State of Travancore–Cochin (present day Thrissur, Kerala), India
OccupationsChairman and managing director of
OfficeY Tower, Abu Dhabi[3]
SpouseShabira Yusuff Ali
Children3
RelativesShamsheer Vayalil (son-in-law), Adeeb Ahamed (son-in-law)[4]
WebsiteWebsite

Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali (born 15 November 1955), is an Indian businessman and billionaire.[5] He is the chairman and managing director of LuLu Group International, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall.[6] With an annual turnover of US$8.4 billion, LuLu Group International employs the largest number of Indian diaspora.[7][8] According to Forbes Middle East, Yusuff Ali was ranked No. 1 in Top 100 Indian business owners in the Arab World 2018.[6] As per Forbes billionaires list published in October 2023, he was ranked 27th richest Indian with net worth of US$6.9 billion.[5]

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.[9] In 2013, Yusuff Ali acquired 4.99% of the Thrissur-based CSB Bank[10][11] and 4.99% shares of Thrissur based Dhanlaxmi Bank.[12] Also in 2013, he increased his stake in the Aluva-based Federal Bank to 4.47%.[13] In 2014 Yusuff Ali acquired 2% stake of South Indian Bank - another Thrissur based bank.[14] In 2016, Yusuff Ali purchased the Scotland Yard Building in London.[15] As of 2013, he held a 9.37% share in Cochin International Airport.[16] 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.[17][18][19]

The Lulu Bolgatty International Convention Centre on Bolghatty Island in Kochi is one of the largest convention centres in South Asia,[20] along with Grand Hyatt hotel[21] in the same campus. 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.[22][23] In October 2021, Lulu group opened their second mall in India, Global Mall, at Rajaji Nagar, Bengaluru, Karnataka.[24] In December 2021, Lulu group opened their third mall in India at Thiruvananthapuram, Kerala.[25] In July 2022, Lulu group opened their fourth mall in India at Lucknow, Uttar Pradesh.[25] And in 2023, LuLu Group launches a new hypermarket and mall in Hyderabad, Palakkad and Coimbatore.[26][27]

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024, M.A. Yusuff Ali is ranked 39th with a net worth of $7.4 Billion.[28]

  1. ^ "Welcome to Y International USA". Y International USA.
  2. ^ ".:: Web Site Under Construction ::". yinternational.uk.com.
  3. ^ "Lulu group moves". yusuffali.com. Retrieved 4 January 2020.
  4. ^ "Yusuff Ali: A mentor to his sons-in-law". Forbes India.
  5. ^ a b "PROFILE - M.A. Yusuff Ali". Forbes.
  6. ^ a b East, Forbes Middle. "Top 100 Indian Business Owners In The Arab World 2018". Forbes ME.
  7. ^ "Forbes News". Forbes. 2015.
  8. ^ "Forbes Biionaires". Forbes. 2015.
  9. ^ Lulu, Thrissur. "Kerala tourism".
  10. ^ "Yusuf Ali mops up 4.99% stake in Catholic Syrian Bank". The New Indian Express. Archived from the original on 10 July 2013. Retrieved 19 April 2013.
  11. ^ "Billionaires 2013 Notable Newcomers". Forbes. 2013. Archived from the original on 28 December 2014. Retrieved 4 March 2013.
  12. ^ "Yousaf Ali buys shares of Dhanlaxmi bank". Indian Express.
  13. ^ "NRI businessman MA Yousuf Ali picks up stake in Federal Bank". The Times of India. 17 July 2013. Retrieved 28 December 2014.
  14. ^ "Yusuffali buys over 2 per cent stake in South Indian Bank". Business Standard India. 21 January 2014.
  15. ^ "Lulu Group front-runner to buy original Scotland Yard premises in London". The National. 12 April 2015.
  16. ^ "Yusuff Ali lifts stake in Cochin International Airport | Kochi News - Times of India". The Times of India.
  17. ^ "Lulu Group makes $85m investment in East India Company". gulfnews.com.
  18. ^ "You are being redirected..." yusuffali.com.
  19. ^ "Lulu launches into luxury sector with investment in UK's East India Company". The National. 9 October 2014.
  20. ^ "The Lulu Bolgatty International Convention Centre! | RITZ". 2 May 2018.
  21. ^ "Hyatt Newsroom - News Releases". Hyatt Newsroom.
  22. ^ Bureau, Indiaretailing (1 January 2019). "Lulu Group opens Y Mall at Thrissur". {{cite web}}: |last= has generic name (help)
  23. ^ "Y Mall Shopping Mall in Thrissur". Y Mall.
  24. ^ "Global mall inaugurated". Bangalore Mirror.
  25. ^ a b "Biggest mall in Capital to open in Dec". The New Indian Express.
  26. ^ "Coimbatore gets LuLu's first hypermarket in Tamil Nadu". The Hindu.
  27. ^ "LuLu Group launches its first hypermarket, mega mall in Hyderabad". The Indian Express.
  28. ^ "India's 100 Richest". India’s 100 Richest. 9 October 2024.