M. A. Yusuff Ali

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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. 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...

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