M. A. Yousuf Ali
| Yusuff Ali M. A. | |
|---|---|
Yusuff Ali M. A.
|
|
| Born |
Yusuff Ali Musaliam Veettil Abdul Kader 15 November 1955 Nattika, Thrissur district |
| Nationality |
 Indian
|
| Occupation | Founder & MD of Lulu Hypermarket |
| Net worth |
 US$5.6 billion (as on 9 August 2016) |
| Spouse(s) | Shabira Yusuff Ali |
| Awards |
Padma Shri (2008) Pravasi Bharatiya Samman Award (2005) Commander of the Syriac Orthodox Church (2004) |
| Website | http://www.yusuffali.com/ |
}}
Yusuff Ali M.A. is an Indian businessman from Nattika in Thrissur district of Kerala. He is the Managing Director of Abu Dhabi-headquartered EMKE LuLu Group of companies that owns the Lulu Hypermarket chain in Middle East. With an annual turnover of US $5.5 billion globally, LuLu Group International employs the largest number of Indians outside India. According to Forbes, Yusuff Ali is currently the 24th wealthiest Indian and the 270th (as on 9 August 2016) richest in the world, with a personal wealth of $4.3 billion. In 2013, Ali acquired 4.99% equity in the 93-year-old Thrissur based Catholic Syrian Bank (CSB) and increased his stake in the Aluva-based Federal Bank to 4.47 per cent. In 2016, Ali purchased the Scotland Yard Building in London. According to 2013, Yusuff Ali hold 9.37 per cent share in Cochin International Airport.
Yusuff Ali was born in Thrissur district on November 15, 1955. He completed his schooling from Nattika and moved to Gujarat where he did his diploma in Business Management & Administration. After the studies he left India in 1973 to Abu Dhabi where his paternal uncle, MK Abdullah, the Chairman and the founder of the EMKE Group of companies was doing business. He developed the import and wholesale distribution of the group and ventured in to the supermarket business by launching Lulu Hypermarket. He started his first Lulu Hypermarket in the 1990s, a time when the UAE's retail sector witnessed a major change, with the traditional groceries and supermarkets yielding place to large neighborhood stores and hypermarkets. While the entry of Continent (now Carrefour) in 1995 changed the face of retail business in Dubai, Yusuff Ali took charge of Abu Dhabi's retail sector by rolling out LuLu Hypermarket in Abu Dhabi.
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