Owner of LuLu Hypermarket chain in Middle East, Yusuff Ali has featured in Forbes Middle East annual ranking of the top 100 Indian Business Owners, whereas Pepsico CEO, Asia, Middle East and Africa, Sanjeev Chadha has featured in Forbes Middle East annual ranking of Top 50 Indians in Executive Management.
About Yusuff Ali:
Yusuff Ali belongs to Thrissur district of Kerala.
- In 1973 he went to Abu Dhabi, UAE and joined his relative’s business.
- Later, he ventured into hypermarket business and founded LuLu Hypermarket chain in year 2000.
- According to Forbes, Yusuff Ali’s personal wealth has been estimated to be $4.3 billion.
- He also has a stake in Thrissur based Catholic Syrian Bank.
About Sanjeev Chadha:
Sanjeev is one of the most respected senior leaders in the PepsiCo management and has a track record with several accomplishments.
- In 2013, he was elevated as PepsiCo’s chief executive officer of Asia, Middle East and Africa (AMEA) business. Before that he was president of the Middle East and Africa business.
- Chadha is heading PepsiCo’s businesses operations across 90 countries.
- He directly reports to PepsiCo Chairman and CEOpersonal wealth of $4.3 billion.
Forbes Middle East Annual Rankings:
Most of the top 100 business owners in the Forbes ranking own diversified conglomerates, whereas some of them come from retail, real estate and construction sectors. The top 10 business owners generate up to USD 28.9 billion revenue.
- 15 out of the top 50 executives work in banking and financial services companies. 24 of the companies represented by the top 50 executives generate revenue of over USD 1 billion.
- The business owners and executives featured in the rankings oversee a workforce of over 750,000 employees.
- For the first time, rankings have been compiled for 28 young and talented next generation business leaders who have been involved in their family businesses.Family businesses of 25 of these next generation leaders generate total revenue of more than USD 27.5 billion.