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12 May 2017
Retail mogul Yusuff Ali M.A, managing director of Lulu Group International, ranked No.1 in the annual list of the Top 100 Indian Business Leaders of the Arab World 2017 unveiled by Forbes Middle East.
Most young entrepreneurs today are looking to be the next big thing, with models based on disruption, new technology, radical change or luxury. But there is an alternative. A look at the businesses owned by the top Indian leaders in the Arab world tell a different story. Very few of them cater to a luxury clientele. And almost none of them are technology-based. What most do is provide value to their customers. For example, our number one leader Yusuff Ali’s LuLu Supermarket chain is not the most luxurious, but its appeal among consumers makes it one of the biggest retail chains in the region.
This year we have also compiled a list of top Indians who hold executive positions in both multinationals and local businesses. Among these executives, education is the differentiating factor. Over 80% either have Master’s degrees or are chartered accountants, and 70% hold leadership positions in Middle Eastern companies.
FORBES MIDDLE EAST has also compiled a list of the most successful second-generation Indians in the Arab world.