Mr. Yusuff Ali MA, Managing Director, Lulu Group International, has topped the list of 11 people from the south Indian state of Kerala included in the sixth Arabian Business Indian Rich List brought out by Arabian Business magazine.
Other eminent Keralites in the list include Dr. Ravi Pillai, Chairman, RP Group, Mr. Adeeb Ahamed, Managing Director, Lulu Financial Group, Mr. Sunny Varkey, Founder and Chairman, Gems Education, Mr. PNC Menon, Chairman, Shobha Group, Dr. Azad Moopen, Chairman, Aster DM Healthcare, Mr. Faisal Kottikolon, Chairman, KEF Holdings, Dr. Shamsheer VP, Managing Director, VPS Healthcare, Mr. Mohammed Koroth, Chairman, KM Trading, Mr. Joy Alukkas, Chairman, Joy Alukkas, Mr. K Muraleedharan, Managing Director, SFC Group.
1 out of every 5 richest Indians on the list are Keralites and have a combined worth of more than $20 billion, reflecting the south Indian state’s growing influence in the regional economic scene.
The selection process for the annual list included estimating the value of assets of the persons on the list, shareholdings and projected company value were it to be floated on the stock market. The team also took into consideration the value of the holdings in equities, bonds, real estate and other assets.