Three Richest Muslims of India

August 6th, 2018

Hyderabad. In India, the population of Muslims is more than 13%, but, the ratio of Muslims in development is not proportionate to their population in any field of life. As far as the ranking of the richest Indian is concerned, only three Muslims have got their place in 100 richest persons of India. The magazine “Forbes ‘’ has recently released a list of the richest people of the year 2017. Mukesh Ambani has once again rated as the richest man of the India, while only  three Muslims  Azim Premji  Chairman Wipro, MA Yusuff Ali, Managing Director Lulu Group International and Yousuf Hamied Non Executive Chairman of Cipla are included in this club. The brief introduction of these three Richest Muslims is given below.

Azim Premji (Wipro):

Azim Hashim Premji  Chairman Wipro Limited, is the second richest citizen of India after Mukesh Bhai Ambani of Reliance Group. His real time net worth is $ 17.6 billion in the current year, while in 2017 his wealth net worth was 19 billion dollars. He ranked 58th  in the list of world’s most richest people globally. The Government of India has also conferred him with one of the highest civilian award ‘Padma Bhushan’. Azim Hashim Premji, 72, is a very generous person. Azim  Premji has been very fond of giving 39% shares of its company to their family trust. Thus a major part of his income is meant for charitable works. Azim Premji, was born in a Nizari  Ismaili Shia family in Mumbai on July 24, 1945. After partition of India, when Jinnah had invited the father of  Azim Premji, Late Mohammad Hashim Premji to move to Pakistan, he did not accept this advice and liked to stay in India.

M A Yusuff Ali (Lulu Group):

Yusuff Ali  Musaliam Veetti Abdul Khadir is the founder and Managing Director of the ‘Lulu Group International’ Though his  business is  spread worldwide, but in the Middle East Lulu Hyper Market is very familiar. Yusuf f Ali M A with a $ 5 billion wealth is ranked 27th Richest Indian for the year 2017. Globally, he ranked for388. Yusuff Ali was born on November 15, 1955 in Nattika village of of Thrissur district of Kerala, where completed his schooling and moved to Gujarat from where he did his diploma in Business Management and Administration. After the studies he left India in 1973 to Abu Dhabi to join his paternal uncle’s business. . In 2018 his net worth is $ 4.2 billion. The Lulu Group has 132 stores in the Gulf Region only. Lulu Group International has pride of providing the highest jobs to the Indians abroad India. He is first in the list of 100 Indian traders trading in the Arab world. Government of India has also honored him with the ‘Padma Sri’ award. He is also a philanthropist, and have done significantly to the welfare of the Indians in the Arab world. Lulu Group joined hands with Dubai Cares and adopted schools in Gaza and Nepal. Yusuff Ali contributed and took initiative to open a multi-faith funeral centre for the Indian community in Sharjah that spread across 8.3 acres.

Yousuf Hamied (Cipla):

Scientist Yousuf Khawaja Hamied is Non Executive Chairman of leading pharmaceutical company, Spila Cipla’s non-executable champion. In 2017 his family’s net worth wealth estimated with $ 2.6 billions. Yousuf Hameed’s father Khawaja Abdul Hameed founded the company which manufactures  generic medicines. His father was a follower of father of Nation Gandhi Ji. Yousuf Hamied’s mother, Farida, was Jewish. He is a relative of  Sir Sayyad Ahmed Khan, prominent Educationist. Dr Hamied joined his father’s Company as an Officer in-charge of Research and Development in 1960. In the wake of British Raj, he had to get permission from the government to work in his father’s company, so his initial salary was fixed 1500 rupees per month for three years and after completing one full year, he got his first salary. After handling his father, he handled the company. Once permitted to work, he realized that every major drug he wanted to manufacture was covered by patents, export was nearly impossible, and the domestic market largely belonged to the MNCs. Hence, with the agenda of changing India’s patent laws; he formed the Indian Drug Manufactures Association in 1961. Finally, in 1972, their efforts paid off, by providing the Indian Pharma industry the legal freedom to manufacture and market any drug required in the country, resulting in a better growth in the pharmaceutical industry in the country.  Government of India has conferred him with ‘Padma Bhushan’ award. His company is the lowest-selling company of AIDS medicines. He also established a Care unit for Cancer patients in Pune.