M Yusuff Ali Net Worth is$1.6 Billion
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M.A. Yusuff Ali Net Worth: M.A. Yusuff Ali is an Indian businessman who has a net worth of $1.6 billion. Mr. Ali entered the billionaire ranks as the Managing Director of Abu Dhabi-headquartered EMKE LuLu Group of companies, which has the Middle East-based Lulu Hypermarket chain in its possession. The group reportedly makes annual turnover of US$ 4.5 billion globally and employs the largest number of Indians outside India. Born on November 15, 1955, in a small Indian village, M.A.Yusuff Ali migrated to Abu Dhabi in the 1970s to join his uncle's business, i.e., the EMKE Group of companies. A holder of a diploma in Business Management & Administration, Yusuff Ali opened his first Lulu Hypermarket in 1990s, a period when the traditional groceries and supermarkets were replaced by large neighborhood stores and hypermarkets. Today, LuLu Group International makes $5 billion (revenues) and has more than 100 retail outlets in the Middle East, Africa and India. With plans to expand to India further by opening its first mall there, the Lulu Group also broadens its interests in fields like healthcare, software, and infrastructure with operations in 21 countries. Aside from Lulu, M.A. Yusuff Ali owns two Marriot Hotels and a Grand Hyatt Hotel. He made the headlines recently with his bid to buy a minority stake in the Catholic Syrian Bank.
Yusuffali M.A is an Indian businessman from Nattika in Thrissur district of Kerala. He is the Managing Director of Abu Dhabi-headquartered EMKE LuLu Group of companies that owns the Lulu Hypermarket chain in Middle East. With an annual turnover of US$ 4.5 billion globally, the Group employs the largest number of Indians outside India. According to the recent Forbes Listing, Yusuff Ali is currently the 39th wealthiest Indian and the 974th richest in the world, with a personal wealth of $1.6 billion. He recently acquired 4.99 per cent shares of the 93-year-old Thrissur-based Catholic Syrian Bank (CSB). Recently he has increased his stake in the Kerala-based Federal Bank to 4.47 per cent.


Yusuffali 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 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, Yusuffali took charge of Abu Dhabi's retail sector by rolling out LuLu Hypermarket in Abu Dhabi.
The EMKE Group alias LuLu Group International was founded by Mr. M. K. Abdulla, M. A. Yusuffali???s uncle. After joining the business, Yusuffali diversified the business to include import and distribution of frozen products from Europe and the US. The products were available not only in Abu Dhabi but also in the interiors of the Emirates too. The business was soon expanded

M Yusuff Ali Latest News

Kerala Tourism to organise promotion event in Abu Dhabi to attract cash-rich Arab travelers

Go to NewsGram and check out news related to political current issues. Head of Lulu group, Keralite businessman M.A. Yusuf Ali said they will engage in promotion of Kerala Tourism at all their Lulu Hypermarkets and shopping malls in the Middle East.
Posted: February 19, 2017, 12:00 am

Middle East: expansion, health focus

The c. 15,000 sq. m store maximises its size to provide shoppers with a broad range across both grocery and non-grocery departments. As part of the opening, the company’s chairman, Yusuff Ali, said that LuLu would continue to expand in the country and ...
Posted: February 8, 2017, 3:03 am

Bahrain to widen cooperation with Kerala

Additional Chief Secretary, Home, and Secretary to the Chief Minister Nalini Netto, Media Adviser John Brittas, industrialists M.A. Yusuf Ali, Ravi Pillai, and Varghese Kurain and mediaperson Soman Baby were present at the meeting. The Chief Minister is on ...
Posted: February 9, 2017, 7:35 am
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