Yusuff Ali, B R Shetty, Shamsheer, Moideen, Praveen Shetty among top 100 Indian business leaders in Arab World

May 12, 2017

Dubai, May 12: Retail Mogul Yusuff Ali and Pepsico executive Sanjeev Chadha are among the top 100 Indian business leaders in the Arab World 2017, according to a Forbes ranking for the Middle East.

coastalcollage

Ali, Managing Director of Lulu Group International topped the Indian business owners' category and Chadha, CEO, Asia, Middle East and Africa at PepsiCo International led the Indian executive's category.

For the first time, the ranking also recognised the next generation of business leaders who are carrying on the legacy of their family businesses.

Forbes Middle East is an annual ranking of the top 100 Indian business owners and the top 50 Indians in executive management.

The next generation of business leaders will lead 25 family owned businesses with an estimated total revenue of more than USD 27.5 billion.

Speaking at the event, Vipul, Consul General of India in Dubai, said: "Indians make up the largest expat community in the Gulf Cooperation Council region, with over 7 million Indians residing and contributing to the economies of the host countries, not only as big business conglomerates but also as professionals, construction workers and in government departments."

The 2017 list of top Indian business leaders comprised 100 business owners and 50 executive management.

This year, for the first time, Forbes Middle East also highlighted 28 young and talented next generation business leaders who will take the family legacy forward.

The businesses of the top 100 business owners represent different vital sectors, with most of the leaders running diversified companies, followed by the retail, real estate and construction sectors.

Twenty seven business leaders have roots from Kerala, followed by Sindhis and Gujarat with 23 and 16 respectively.

Ali leads the business owners' category, followed by Sunil Vaswani, Chairman of Stallion Group and B R Shetty, Founder of NMC Healthcare and the UAE Exchange. Eleven business owners have PhDs with five being medical doctors of which three have founded hospitals in the UAE.

Total revenues of the top 10 business owners adds up to an estimated USD 28.9 billion.

The top 50 executives work across different sectors with 15 executives hailing from the banking and financial services.

Chadha leads the executive management category followed by Raghavan Seetharaman, Group CEO of Doha bank and Adnan Chilwan, Group CEO of Dubai Islamic Bank holding the top three positions.

Twenty four of the companies represented by the top 50 executives have revenue of over USD 1 billion. These business owners and executives oversee a workforce of over 750,000 employees.

forbes1

forbes2

forbes3

forbes4

forbes5

forbes6

forbes7

forbes8

forbes9

forbes10

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 9,2024

moon.jpg

Mangaluru/ Bengaluru, Apr 2: Karnataka’s coastal belt some of the neighbouring areas will celebrate Eid-ul-Fitr on April 10, while rest of the state will witness the festival on April 11 due confusion over moon sighting. 

Muslim religious heads in twin coastal districts of Dakshina Kannada and Udupi on the night of April 9 declared the end of Ramadan and beginning of Shawwal following reports of sighting of crescent moon. 

With this Eid will be celebrated on April 10 in the above region. Similarly, Muslims in Bhatkal and neighbouring state of Kerala too will celebrate the festival on April 10. 

However, Muslims in other parts of Karnataka will continue to fast on April 10 and celebrate the Eid on the following day due to non-sighting of moon in their region. 

The Karnataka Moon Sighting Committee chairman Moulana Maqsood Imran formally announced that the Eid-ul-Fitr in Bengaluru and areas of Karnataka will be celebrated on Thursday April 11. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 11,2024

kundapurcrash.jpg

Udupi: A middle aged couple lost their lives while their teenage son survived with critical wounds after a speeding car, which was travelling from Maharashtra to Kerala, fell off a flyover in Kundapur taluk of Udupi district. 

The deceased have been identified as Munnavar (49), who was driving the car, and his wife Sameera (41), a native of Kannur in Kerala. Their son Suhail (18), who was in the car, suffered severe injured and is recovering at Manipal Hospital. He is said to be out of danger.

The family was traveling from Kollapur to Kannur as Sameera was a native of Kannur. Their plan was to celebrate Eid-ul-Fitr in Sameera’s parental home.  

However, on Tuesday (April 9) morning, when the car reached near Bobbaryanakatte, it reportedly went out of control of the driver and fell off the flyover on to the service road.

All three were immediately rushed to the hospital in Kundapur. Sameera died immediately upon admission to the hospital, while Munnavar succumbed to injuries at Manipal Hospital on April 10. The mortal remains of both were handed over to relatives after the post-mortem.

Kundapur DySp Belliyappa, Circle Inspector Nada Kunar, Traffic SIs Naveen Naik, and Savitri Nayak visited the accident spot for the inspection.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 5,2024

gowdadynasty.jpg

Bengaluru: A striking feature in the candidates list for the April 26 Lok Sabha elections in Karnataka is the presence of members of Janata Dal (Secular)'s first family.

Former Prime Minister and JD(S) patriarch H D Deve Gowda's son H D Kumaraswamy, son-in-law C N Manjunath and grandson Prajwal Revanna are all in the fray.

While state JD(S) chief and former Chief Minister H D Kumararaswamy is contesting from Mandya, Prajwal Revanna is seeking reelection from Hassan.

However, Manjunath, an eminent cardiologist, is contesting from Bangalore Rural on a BJP ticket, as per the arrangement between the alliance partners.

With the entry of cardiologist Manjunath into the poll arena, at least nine members of Gowda's immediate family are or have been in electoral politics.

Gowda is a Member of Rajya Sabha from Karnataka, while Kumaraswamy is an MLA from Channapatna, which comes under the Bangalore Rural Lok Sabha constituency.

Kumaraswamy's wife Anitha had represented Ramanagara as MLA in the previous assembly, and Nikhil, who is the JD(S) youth wing leader, had unsuccessfully contested the 2019 Lok Sabha polls from Mandya and 2023 assembly polls from Ramanagara.

Gowda's elder son and former Minister H D Revanna -- father of Prajwal -- is MLA from Holenarsipura, his wife Bhavani Revanna was a member of the Hassan Zilla Panchayat. Their other son, Suraj, is an MLC.

The Gowda family currently has its representation in all the four major houses of public representatives- Lok Sabha, Rajya Sabha, Legislative Assembly and Legislative Council.

This will be for the second consecutive time in the Lok Sabha elections, when three members from Gowda's family are in the fray from constituencies of the old-Mysore region (south Karnataka), which is considered to be the party's stronghold, because of the dominance of the Vokkaliga community here, to which they belong to.

Gowda (Tumkur), Prajwal Revanna (Hassan), and Kumaraswamy's son Nikhil (Mandya) had contested the Lok Sabha poll in 2019, but only Revanna emerged victorious. In fact, he was among the only two candidates from the then ruling Congress-JD(S) alliance, who won; the other being D K Suresh of Congress from Bangalore Rural.

As part of the seat-sharing deal in this Lok Sabha polls in Karnataka, the BJP would contest in 25 constituencies and the JD(S) in the remaining three -- Mandya, Hassan and Kolar. JD(S) has fielded M Mallesh Babu from Kolar.

In the 2023 assembly polls, three members of the Gowda family had contested - Kumaraswamy (Channapatna), H D Revanna (Holenarasipur), and Nikhil Kumaraswamy (Ramanagara). In the 2018 assembly polls, both Kumaraswamy and Revanna had won.

Kumaraswamy, who had then won from two seats - Ramanagara and Channapatna - vacated Ramanagara, which his wife Anita Kumaraswamy subsequently won in the bypolls.

According to some political observers, the perception in some quarters about JD(S) being too family-centric is one of its major drawbacks.

James Manor, University of London professor, who has been a keen observer of Karnataka's politics, during a webinar ahead of assembly polls last year had said, family-centred politics is causing discontent and leading to desertion. 'JD(S) suffers from over-centralisation and dictatorial leadership.'

However, Kumaraswamy has time and again defended family members contesting polls stating that , '....our family members will contest where we don't have a capable candidate, to protect the interest of our party and its workers.'

However, the JD(S)'s dynastic party image has always been used by its political opponents to target it.

Karnataka Deputy Chief Minister and state Congress president D K Shivakumar, had a dig at Gowda for fielding his son, grandson, and son-in-law, and asked 'Were there no other candidates (in JD(S))?'

'None of them is going to win...JD(S) is a party that has lost strength. If it is really strong, why did they make their son-in-law contest on a BJP ticket?' he said.

Some political analysts held the view that JD(S)' inability to grow beyond the Vokkaliga dominated old-Mysore region -- other than certain select pockets of north Karnataka -- is seen as among its other key drawbacks.

Speculations are already rife in JD(S) circles that Nikhil is most likely to be the party candidate from Channaptna assembly segment, in case Kumaraswamy wins in Mandya.

Ahead of assembly polls last year, differences in the Gowda family had come out in the open with H D Revanna's wife Bhavani wanting to contest from Hassan, but Kumaraswamy had opposed it and finally gave the ticket. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.