Page 36 - Arabian Business

INDIAN ACES POWERED BY:

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q I BELIEVE IN MY
Q Faizal Yusuff ali MANAGEMENT SCENARIO
R OF DELEGATING POWER TO
S Kottikollon MA MY PEOPLE. I STRONGLY

T BELIEVE IN MY PEOPLE,
U Founder and Chairman Founder and Managing Director MY COLLEAGUES”
V KEF HOLDINGS LULU GROUP
Manufacturing Retail
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X
HAILING FROM A FAMILY OF THE ASTUTE BUSINESS VISION Twenty14 Holdings, the Group’s
Y industrialists in Kerala, Kottikollon and strategic mind of Kerala-born hospitality investment arm, has
started Sharjah-based foundry Emirates businessman Yusuffali MA have also completed the acquisition
Z Techno Casting to manufacture valves consistently delivered ambitious of a Waldorf Astoria property in
for the oil and gas industry. In 2012, growth for Lulu Group. It’s little Edinburgh, Scotland, for $120m.
the expanded facility was sold to Tyco wonder, then, that he was chosen The Caledonian joins a portfolio
International for $400m – capital which for a prestigious Arabian Business of $650m worth of luxury property
was used to found KEF Holdings. Achievement Award in 2018 across the UK, the Middle East and,
The DIFC-based firm specialises in Headquartered in Abu Dhabi, Lulu of course, India.
offsite manufacturing technology in Group is best known for its chain of It is no wonder, then, that Deloitte
several industries, including healthcare, hypermarkets, which have long served last year ranked Lulu Group as the top
education, sports and agriculture. a wide segment of Gulf residents. retailer in the Middle East and 27th in
In December 2016, KEF Infra (a The growth continues, too. Just last a list of the fastest growing retailers in
KEF Holdings subsidiary) opened the week it opened its 12th outlet in Saudi the entire world.
world’s largest fully integrated offsite Arabia, its 143rd branch in total. It
manufacturing park in the Indian state plans another six before the end of the
of Tamil Nadu and produces everything year, bringing its total investment in
from precast products and prefabricated the kingdom to SR500m by the end of
$6.2bn
room to windows, furniture, marble and 2019. In the same few days, Lulu Group
granite. The facility is able to construct International announced a partnership The retail revenue that Lulu Group
buildings in half the time and 25 percent with the World Economic Forum (WEF) now rakes in annually across its
of the cost, the company claims. on a food security project. operations in nine countries
36 Vol. 19/04, January - February 2018