Vito Gomes ranks number 88 as Forbes Middle East hosts its annual Awards event.
Forbes Middle East Unveils The Top Indian Business Leaders 2018 At Its Sixth Annual Event.
Forbes Middle East hosted a glittering gala to celebrate the Top Indian Leaders in the Arab World on May 8, 2018. The event was attended by the region’s most influential Indian business tycoons and executives who have achieved phenomenal success in the Arab world.
H.E. Navdeep Singh Suri, Ambassador of India to the U.A.E., applauded the Indian expat community across the globe. Sharing his insights, he said “The Indian community across the U.A.E. holds key positions in every walk of life. The work Indian leaders are doing in the region displays the finest aspects of India and we are privileged to have these leaders being ambassadors to the U.A.E. and bridging the gap between the two countries.
“Indian leaders have not only stood out in business successes in the Arab World but have also started contributing back to India across sectors like healthcare, retail, construction, hospitality and manufacturing. Helping to create jobs and better infrastructure in India.”
The Indian community is one of the most populous and successful expat communities in the Gulf. Indian billionaires in the Gulf have a collective net worth of around $26.4 billion. These business stalwarts are today investing heavily in the region as well as in India.
Khuloud Al Omian, Editor in Chief of Forbes Middle East, said: “It is very rare that we see these Indian business leaders come together under one roof to celebrate their success and set an example for the coming generation. These events lay a benchmark for the new generation to achieve even greater heights in their own journeys.”
This year’s list consists of 100 business owners and 50 Indian executives.
Yusuff Ali M.A., Managing Director of Lulu Group international, leads the business owners’ category, followed by B.R. Shetty, Founder and Chairman of NMC Health and BRS Ventures, and Ravi Pillai, Founder and Chairman of RP Group of Companies.
The executives’ category is led by Sanjiv Kakkar, Executive VP for the Middle East, North Africa, Turkey, Russia, Ukraine and Belarus at Unilever, followed by Kalyana Sivagnanam, President and Regional VP at Nissan for the Middle East, Africa and India, and Adnan Chilwan, Group CEO at Dubai Islamic Bank.
The information required to rank the owners and executives was collected from questionnaires, annual reports of companies, government and industry body statistics as well as companies. Individuals who requested not to be on the list were excluded.
The criteria for selecting top Indian owners were based on:
Financial impact – Revenues of the company irrespective of ownership stake as long as the owner is controlling the company
Employment impact – Number of employees
Age of the company
Transparency: On the basis of the quality and reliability of the information provided
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 – Total work experience and experience in the current role
Title – The importance of the role in the organization
The event was hosted in partnership with Dubai-based financial services company – Morgan Gatsby, iCareInsure, who caters to clients internationally on Global Insurance and legacy planning; Radio 4 – 89.1 FM as exclusive radio partner; Sony TV, MMTV and Manorama News as television partners.
The ASM Founder and CEO became the Forbes Top Indian Leaders list (Middle East)’ permanent resident since 2010. This May 2018, Mr. Gomes being recognized again, with his ranking rising by eleven positions to number 88.