Tops list of Gulf’s richest Indians

நவீன் · நவீன் Fri Aug 20, 2010 7:52 pm

1. Micky Jagtiani, Landmark Group $2.65bn

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Billionaire
‘Micky’ Jagtiani is head of the conglomerate Landmark Group, and one of
the most powerful figures in the Middle East retail industry.
Launched
in 1973 with a single Bahrain store, Landmark Group has grown into one
of the Gulf’s largest retail empires. Today, its brands span from
children’s fashion, footwear and cosmetics, with additional interests
in leisure, hotels and electronics. With 900 stores in 15 countries,
Jagtiani’s operations now turnover $3.2 billion a year and employ
31,000 staff.
And this seems to be just the beginning, with plans to increase turnover to $5.2 billion and operate 1200 stores by 2015.
Jagtiani was named highest-ranking Indian expatriate, in the 2009 Arabian Business Expat Power list.

நவீன் · நவீன் Fri Aug 20, 2010 7:52 pm

2. BR Shetty, NMC Group $1.7bn

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Entrepreneur
B R Shetty is managing director and CEO of the Abu Dhabi-based New
Medical Centre (NMC) Group of companies. With initial interests in
hospitals and hospitality, Karnataka-born Shetty has since diversified
into sectors including pharmaceuticals, financial services, retail,
real estate and IT.
Shetty’s contributions to the fields of trade
and industry have not gone unnoticed back home in India. In 2009, the
President of India awarded him one of the country’s highest civilian
honours, the ‘Padma Shri’.

3. Chhabria family, Jumbo Group $1.45bn

From
his humble beginnings as a radio-parts trader in Mumbai, to his final
role at the helm of electronics conglomerate Jumbo Group, the late
Manohar ‘Manu’ Chhabria was a business force to be reckoned with.
His
aggressive acquisitions of brands including Shaw Wallace, Mather &
Platt and Dunlop India, to name just a few, earned him the nickname
‘takeover tycoon’.
Following Chhabria’s death in 2002, aged 56, his
wife, Vidya, and three daughters, Komal, Bhavika and Kiran, took over
the running of his business empire. Today, despite legal wrangling over
Manu’s estate, and the impact of the global recession on a number of
the firm’s brands, the Chhabrias remain one of Dubai’s most prominent
expatriate success stories.

நவீன் · நவீன் Fri Aug 20, 2010 7:52 pm

$1.3bn
Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

For
any UAE resident, the Lulu chain of hypermarkets is a familiar sight –
but it’s just one of the many brands held by the Emke Group.
The
group boasts an annual turnover of $3.5bn globally, and is one of the
largest Indian-owned conglomerates in the Gulf, employing more than
22,000 people from over 29 countries.
Heading it is ‘Padma Shri’
Yusuff Ali MA, named by The Wall Street Journal as one of the twenty
most influential people in the UAE.
Yusuff Ali has served as board
member of the Abu Dhabi Chamber of Commerce & Industries (ADCCI)
and been conferred with the prestigious ‘Pravasi Bharatiya Samman
Award’; the highest Indian government award given to non-resident
Indians.

நவீன் · நவீன் Fri Aug 20, 2010 7:52 pm

5. PNC Menon, Sobha Developers $1.25bn
Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

‘PNC
Menon takes Oman into Forbes richest list,’ splashed a headline in
Vijay Times, a Bangalore-based newspaper on March 10, 2007. It was a
proud moment for the Indian city, as one of its residents, Omani
citizen PNC Menon, took the No. 754 spot in Forbes’ 2007 list of the
world’s top billionaires.
Born in Kerala, Menon migrated to Oman in
1976 to launch an interior decorating business with a partner. In 1995,
spotting a gap in the real estate market back home in India, he founded
Sobha Developers, named after his wife in Bangalore.
Today Sobha is one of the largest companies in Oman’s construction industry. Menon remains
chairman of the firm.

நவீன் · நவீன் Fri Aug 20, 2010 7:53 pm

6. Ramesh Prabhakar, Rivoli $950 million
Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

Ramesh
Prabhakar is the managing partner, of the UAE-based Rivoli Group. In
1988, Rivoli Group sold just one watch brand as the company fought to
establish itself in the Middle East. Today, it is one of the region’s
largest importers and retailers of luxury brands. The company’s stores
now offer products ranging from watches and menswear, to accessories,
gift items and eyewear. The group’s brand portfolio includes names
such as Montblanc, Longines, Dunhill, Links of London, Kenzo and Vertu.
In 2007, Dubai International Capital acquired a “significant” stake in
the group.

நவீன் · நவீன் Fri Aug 20, 2010 7:53 pm

7. Rajen Kilachand, Dosdal Group $900m
Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

Founded
more than six decades ago in Mumbai, the Dodsal Group has grown into a
multinational conglomerate with interests in engineering, mining,
trading and hospitality. And its chairman and president Rajen Kilachand
has no plans to stop there.
“My aim is to have the company build
on its existing strengths in the EPC sector and develop into a group
which becomes a knowledge-based conglomerate and a manufacturer of high
technology products for nuclear, space and defence,” Kilachand says in
a note on his group’s website.
“The post Second World War period was
dominated by Western and Japanese companies in these sectors. The next
five years will see the emergence of my group as the first Middle
East-based company with the same expertise combining technology,
manpower and knowledge of Asia, Middle East and the Orient to compete
in the global arena.

நவீன் · நவீன் Fri Aug 20, 2010 7:53 pm

8. Tony Jashanmal, Jashanmal Group $800 million
Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

With
roots dating back to 1919, ‘Jashanmal’ is a household name across the
Middle East. The group began trading in Basra, Iraq, with a single
store. Today, executive director Tony Jashanmal leads a UAE-based
corporation with multi-channel activities across the GCC and India.
The
retail arm of the firm operates more than 100 stores across five
countries, while Jashanmal’s distribution and wholesale division
supplies a network covering some 1,000 points of sale. Its interests
range from logistics to travel retail, with a diverse product group
that includes home appliances, luggage and print media.

நவீன் · நவீன் Fri Aug 20, 2010 7:53 pm

9. Dr P. Mohamed Ali, Galfar $725m
Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

As
the founder of Galfar Engineering and Contracting Co, Dr P Mohamed Ali
has earned his stripes as one of the Gulf’s leading entrepreneurs. From
its start in 1972, the firm has grown into the single largest private
sector employer in Oman, with an annual turnover of more than $1bn and
more than 27,000 staff.
Outside of his business interests, Dr Ali is
the founder of the Oman Petroleum Alliance and the former vice chairman
of the state-backed Omanisation Joint Committee. His charitable works
include founding the PM Foundation, which promotes education in rural
Indian communities, and being chief patron of the Talikulam Vikas
Trust.
Dr Ali has been awarded the Oman Civil Order for his services to
the sultanate and, in 2004, received the coveted Outstanding
Non-Resident Indian Award.

நவீன் · நவீன் Fri Aug 20, 2010 7:54 pm

10. Sunny Varkey, GEMS $650m

Tops list of Gulf’s richest Indians Download?mid=1%5f4904611%5fAJ6WZXkAAXY1TG2Iwgi182j7z7o&pid=2

Millionaire
Sunny Varkey is the epitome of a self-made man. His education group,
GEMS, has morphed from a single Indian primary school to the biggest
provider of K12 education in the world. Under Varkey’s steer, Global
Education Management Systems (GEMS) today teaches 100,000 students in
100 schools across 11 countries.
Varkey’s interests don’t end with
education. The Dubai-based entrepreneur has fingers in a number of
pies, including construction and healthcare.
Varkey was rated the
most powerful expatriate in the Gulf’s education sector. He also ranked
No.36 in the 2009 Arabian Business Expat Power list.
Varkey has been
equally lauded in India for his achievements. In 2009, he was awarded
the ‘Padma Shri’ in recognition of his contribution to education and
social services.

ரபீக் · ரபீக் Fri Aug 20, 2010 7:55 pm

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