The Indian diaspora of entrepreneurs, doctors and engineers in the UAE has established some of the biggest companies in the region, but there are only a few, who have made it big. Let’s find out who these people are and how they have earned a spot in the UAE.
After completing Masters in Engineering from USA, Vinod Adani came back to India in 1976, and forayed into the power loom industry. With a keen eye on entrepreneurship, he successfully pulled off his business in the global market. In 1989, Adani upgraded the product portfolio with in-demand commodities, and expanded his trading business by setting up operations in Singapore.
In 1994, he immigrated to Dubai, looking for further trade expansionsin the Middle-East, where he launched multiple business ventures.
Vinod Adani has been associated with offshore business for quite many years now, and he uses this expertise to act as the backbone of Adani Group’s overseas operations. His entrepreneurial excellence has contributed to the rapid rise of the Adani Group.
In 1973, Micky Jagtiani made a modest start by launching the Landmark Group in Bahrain, with a single outlet. At present, this Dubai-based company has become the leading retail conglomerate, with operations spanning across various segments, including children’s fashion, footwear and cosmetics, leisure, hotels and electronics.The Landmark Group has an annual turnover of $4.7billion. The journey from a single store to over 1,300 outlets across 18 countries, with a staggering 20 million sqft of retail space has been remarkable.
Feroz Allana is the founder of Allana Group, India’s largest exporter of processed food products and agro commodities. Based out of the UAE, IFFCO was established in 1975 as the manufacturing arm of the Allana Group. Under the headship of Feroz Allana, IFFCO caters to multiple business segments, including fast-moving consumer goods (FMCG), commodities, oils and frozen foods. The multi-million IFFCO has several brands under its arm, including London Dairy, Tiffany, Noor, Rahma, Igloo and Al Baker.
Ravi Pillai, also known as ‘Ambani of the Gulf’, is a UAE-based business tycoon, who heads the RP Group of Companies. With a total count of 70,000 employees, his venture is considered one the biggest employers of NRIs in the region. Born into a family of farmers in Kerala, Pillai had bigger dreams to fulfill.
He started a chit fund, which gradually became a profitable business.He then realized that a lot can be gained from the flourishing construction sector. In 1979, Ravi Pillai immigrated to the UAE, with a little savings. Today, his company is likely to grow by 30 per cent, in the next 4 years.
These Indians have proved that innovation doesn’t need pots of money. Rather it’s the idea that can take you forward in life.