Dr B R Shetty among Forbes Middle East Top 3 Indian Business Owners
· Forbes Middle East has recently unveiled its annual rankings for the top 100 Indian business owners and top 50 Indians in executive management
· Vipul, The Consul General of India in Dubai, U.A.E.was present at the exclusive event
· Retail Mogul Yusuff Ali M.A, Managing Director of Lulu Group International tops the Indian business owners’ category and Sanjeev Chadha, CEO, Asia, Middle East and Africa at PepsiCo International tops the Indian executive’s category
· For the first time, the event also recognised the next generation of business leaders who are carrying on the legacy of their family businesses
Dubai: Forbes Middle East has announced the Top Indian Business Leaders of the Arab World 2017 at an exclusive ceremony in Dubai, U.A.E. The event honoured business owners, executive management and the next generation of leaders of some of the largest companies in the Arab region.
Speaking at the event, Vipul, Consul General of India in Dubai, said “Indians make up the largest expat community in the GCC 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.
Indian and Arab civilisations have been at the forefront of human progress over centuries, connected by land and sea. For several decades, the partnership between the two has intensified further, especially with the contributions made by these leaders. It is a pleasure to celebrate and recognise the Top Indian Leaders in the Arab World and I am thankful to Forbes Middle East for inviting me to the event.”
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. 27 business leaders have roots from Kerala, followed by Sindhis and Gujarat with 23 and 16 respectively. Yusuff Ali M.A., Managing Director of Lulu Group international leads the business owners’ category, followed by Sunil Vaswani, Chairman of Stallion Group and Dr. B.R. Shetty, Founder of NMC Healthcare and the UAE Exchange. 11 business owners have PhDs with five being medical doctors of which three have founded hospitals in the U.A.E. Total revenues of the top 10 business owners adds up to an estimated $28.9 billion.
The top 50 executives work across different sectors with 15 executives hailing from the banking and financial services. Sanjeev Chadha, CEO for Asia, Middle East and Africa at PepsiCo International 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. 24 of the companies represented by the top 50 executives have revenue of over $1 billion.
These business owners and executives oversee a workforce of over 750,000 employees. Forbes Middle East for the first time has identified the next generation of business leaders who will lead 25 family owned businesses with an estimated total revenue of more than $27.5 billion.
Methodology
The information was collected from questionnaires, industry or government reports and company websites. Companies where revenues were undisclosed, estimations based on other available information, such as volume and capacity were taken into consideration. Some individuals with large businesses were excluded from the rankings due to lack of data.
The criteria for selecting top Indian owners were based on:
· Financial impact – Revenues of the company irrespective of ownership stake
· Employment impact – Number of employees
· Age of the company
· Editorial points – factors such as positions on industry bodies, personal achievements, CSR initiatives and ownership stake
The criteria for selecting top Indian executives were based on:
· Financial impact – Revenues of the company irrespective of ownership stake;
· Employment impact – Number of employees;
· Experience – Number of years in the industry;
· Title –The importance of the role in the organisation
· Editorial points – factors such as positions on industry bodies, personal achievements, CSR initiatives and ownership stake
The complete list can be viewed at:
· Business owners:http://www.forbesmiddleeast.com/en/list/top-indian-leaders-in-the-arab-world/
· Executives: http://www.forbesmiddleeast.com/en/list/top-50-indian-executives-arab-world/
· Next Generation: http://www.forbesmiddleeast.com/en/list/second-generation-top-indians-2017/
About Forbes Middle East
Forbes Middle East is a licensee of Forbes Media, and extends the Forbes brand of journalism across the Arab world. Forbes Middle East’s distinctive editorial style attracts a readership of Arab leaders, entrepreneurs, C-level executives, government officials and investors united by a belief in the spirit of free enterprise and entrepreneurial values.
Across the region, Forbes Middle East sets the pace for preemptive business journalism. By uncovering trends and anticipating opportunities in the regional marketplace, each monthly issue brings top executives the information critical to their success – in both Arabic and English language editions.
The magazine researches and publishes original rankings, based on methodologies set by Forbes Media.
Congratulations and best wishes to you, Mr. Yusuf Ali, Mr. Sunil Vaswani and Dr. B. R. Shetty for being on the top of the list from the Indian group in the Gulf Region as one of the recognized Billionaires by the Forbes Middle East group. What a pride for not only the Indians residing in the Gulf region but also to 1.3 billion Indians throughout India and elsewhere to realize that hard work and entrepreneurship added with leadership and diplomacy does help for Indians to shine in the Arab world.
You three Billionaires have created business and also generated tens of thousands of jobs. You have masterminded your talents and your leadership styles and you have created a strong bond of friendship and association with the Arab leaders and have proved to them that we are all working together by sharing our talents and abilities for the good of mankind.
The Arab world has always cherished a secret thought that Indians have the ability to join hands with them in order to achieve a mutually acceptable role that will bring joint benefits not only as individual Business Entrepreneurs but also as “Uncrowned Ambassadors” of India with a mutual purpose to grow and prosper together for a long term benefit of our respective countries. Indians in the Gulf region have a proven capability of not only extending a close collaboration of friendship and solidarity, but also our willingness to be the trusted partners and neighbors that can cooperate with each other but understanding our common goals and aspirations of promoting business and economic progress of our respective countries.
Our best wishes to you all for your continued success in the Gulf region, and wishing you all to contribute your friendship and confidence for many collaborations and Joint Ventures that could move both the countries to a higher pedestal of growth and stability.