M. A. Yusuff Ali
Photo: Anishydros, CC BY-SA 4.0, via Wikimedia Commons12

M. A. Yusuff Ali

Indian billionaire businessman (born 1955)

Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali (born 15 November 1955), is an Indian businessman and billionaire. He is the chairman of Lulu Retail Holdings, the operator of the LuLu Hypermarket chain, which listed on the Abu Dhabi Securities Exchange in November 2024.2

From Wikipedia’s article on M. A. Yusuff Ali (this version), CC BY-SA 4.0.

Born Nov 15, 1955.1

About

He is also chairman and managing director of its parent company, Lulu International Holdings. Lulu Retail has annual revenue of about US$7.9 billion and operates 267 stores in the Gulf region. According to Forbes Middle East, Yusuff Ali was ranked No. 1 in Top 100 Indian business owners in the Arab World 2018.

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. In 2013, Yusuff Ali acquired 4.99% of the Thrissur-based CSB Bank and 4.99% shares of Thrissur based Dhanlaxmi Bank. Also in 2013, he increased his stake in the Aluva-based Federal Bank to 4.47%. In 2014 Yusuff Ali acquired 2% stake of South Indian Bank – another Thrissur based bank. In 2016, Yusuff Ali purchased the Scotland Yard Building in London. As of 2013, he held a 9.37% share in Cochin International Airport. He also sits on the airport's board. 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.

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

In October 2026, Forbes ranked Yusuff Ali 47th on its list of India's 100 richest people, with a net worth of US$5.75 billion.

From Wikipedia’s article on M. A. Yusuff Ali, shared under CC BY-SA 4.0.2

Companies

Early life and education

Yusuff Ali was born on 15 November 1955 at Nattika, Thrissur, in the erstwhile State of Travancore–Cochin. He studied at St. Xavier's High School in Karanchira. He holds a diploma in Business Management and Administration.

After his studies, he left India in 1973 for Abu Dhabi, where his paternal uncle, M. K. Abdullah, the chairman and the founder of the LuLu Group of Companies, was doing business. He developed the import and wholesale distribution of the group and ventured into the supermarket business by launching the Lulu Hypermarket.

Yusuff Ali 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 neighbourhood 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.

From Wikipedia’s article on M. A. Yusuff Ali (this version), CC BY-SA 4.0.

Career

Occupation: businessperson.4

Personal life

  • BornNov 15, 1955, Nattika Grama Panchayat5
  • CitizenshipIndia6

He is married, with three children, and lives in Abu Dhabi. His elder daughter Shabeena is married to billionaire businessman Shamsheer Vayalil. His second daughter Shafeena is married to Adeeb Ahamed who runs Lulu Financial Holdings and Twenty14 Holdings, a hospitality investment firm. Youngest daughter Shifa is married to Sharoon Shamsudheen who is into successful IT businesses.

In April 2021 the helicopter in which Yusuff Ali, his wife and three others (including the pilots), were travelling, crash landed in a swamp near Panangad (in Kochi). Ali and his wife were uninjured and were taken to a nearby hospital for first aid. The private helicopter owned by Ali had suffered a technical glitch due to adverse weather.

From Wikipedia’s article on M. A. Yusuff Ali (this version), CC BY-SA 4.0.

Philanthropy

Yusuff Ali is involved in many social, charitable and humanitarian activities both in India as well as in the Arab states of the Gulf. He has done various philanthropic activities. As part of its Global CSR policy, the LuLu Group joined hands with Dubai Cares and adopted schools in Gaza and Nepal. Yusuff Ali contributed and took initiative to open a multi-faith funeral centre for the Indian community in Sharjah that spread across 8.3 acres. He also took initiative to sell and promote organic products grown by the special needs community in UAE through LuLu Hypermarkets Yusuff Ali donated to the Gujarat earthquake, Tsunami Relief Fund in Asia, and Typhoon and flood relief in other parts of the world. He also donated ₹9.5 crores for relief and rehabilitation of Kerala flood victims in August 2018. He is also actively involved in ensuring the social, economic and religious welfare of expatriate Indians in the Persian Gulf region. He played a major role in finding land for the Christian community in the region to build churches, and secure cremation grounds for the Hindu populace in the Gulf region. Yusuff Ali also extended help to Indians during the amnesty period in the Persian Gulf when hundreds of Indians lost their livelihood. He helped rehabilitate people who lost their livelihood in the Kozhikode market fire as well. Yusuff Ali had pledged to donate Rs 50 million for the flood-hit south Indian state of Kerala in the event of the 2019 Kerala floods.

From Wikipedia’s article on M. A. Yusuff Ali (this version), CC BY-SA 4.0.

Awards

  • Date not recordedPadma Shri in social work7

Planes and yachts

A position is the aircraft’s or vessel’s, not the person’s. Being on board isn’t confirmed.

Flight data: adsb.lol (ODbL) & ADSB.fi. Flights, photos and icons: CelebPlanes. Maps: Esri.