Category Archives: Business & Economy

The Relevance Of IKEA And Its Mysuru Connection

Business & Economy, Karnataka (under research project), ,

Mysuru, KARNATAKA:

It seems, on Thursday all roads led to a Swedish Furniture Store in Hyderabad — IKEA. The company’s name is an acronym — Ingvar Kamprad the name of its Founder, Elmtaryd name of his Farm and Agunnaryd the name of his Hometown in Sweden.

So the world famous furniture store IKEA opened its first store at HITEC City in Hyderabad and it lured so many people that traffic in the area came to a halt.  Was it just curiosity that drove people there or a real desire to buy? Because Indians love heavy teak furniture that lasts forever and IKEA doesn’t really sell that kind of furniture.

IKEA produces light wood furniture and for the most part it’s a ‘Do It Yourself’ (DIY) project. Which means, when you go to an IKEA store and buy furniture, you will not get a fully assembled product. Instead, you take home all the required components and a detailed manual so you can assemble the furniture yourself.

When I mentioned IKEA’s DIY style of business to a friend he said, “What is this DIY? It’s like going to a restaurant, ordering a dish, and the waiter brings all the ingredients; you have to cook it yourself?” IKEA well understands this reluctance among Indians and has partnered with a company called Urban Clap which will send over a carpenter to assemble the furniture for a fee of Rs. 900.

Apart from contemporary furniture and lifestyle products, companies like IKEA bring something to a nation’s industrial landscape — they make our local companies globally competitive.

A month ago, I visited MAS Furniture, a Mysuru-based furniture manufacturing company headed by Shabbir Vagh. When I met Shabbir he was busy planting trees at the factory premises. When I enquired about it he replied saying, “We’re now manufacturing for IKEA and they have a requirement which states that every factory must have a certain amount of green cover.”

It seems to be qualified as an IKEA supplier one has to follow IKEA’s IWAY policy.  IWAY is short for the IKEA-Way of doing things. One such IWAY is that vendors that partner with IKEA must have a healthy male to female ratio in the factory.

Shabbir says that ratio is 1:1 and now he has hired a whole lot of women to make for a 1:1 workforce.  IKEA also wanted pay parity that is based on merit and experience rather than gender.

Strict standards have been laid out for workers’ safety, which means all workers on the shop floor have to wear gloves, bright vests and goggles. Apart from this, the vendor has to maintain clean accounting standards.

As for the raw materials, Shabbir shows me a beautiful vegetable crate made from pine wood which he supplies to IKEA and tells me the varnish on the wood has undergone innumerable tests to the point that the wood is safe enough even for a child to chew on.

He also informs me that every piece of wood used by IKEA is certified by the Forest Stewardship Council, an international body governing the sustainable and responsible use of forest resources.

So how has all of this helped Shabbir’s family furniture business? Thanks to following the IKEA way of manufacturing, the company has attracted new global partnerships. MAS Furniture now supplies furniture to the Trump Tower being built in Pune and is making furniture for the world famous French product designer Philippe Starck.

This is proof that when global companies with good practices partner with local manufacturers, they improve their standards making them globally competitive. When our industrialists can learn, adapt and become globally competitive, why can’t our politicians and bureaucrats? Well, it turns out politicians and bureaucrats of Telangana already have.

It was reported that IKEA was first to open in either Mumbai or Bengaluru but suddenly chose Hyderabad. The reason being that the Principal Secretary of Telangana, after reading about IKEA’s plans for India, contacted them and deputed a few proactive bureaucrats to help them get all the approvals and allotted land in HITEC City. The speed at which things moved ensured that IKEA opened its first India Store and the country’s largest retail space in Hyderabad while providing employment to 950 people in the store alone!

In contrast, a mobile phone brand based in Bengaluru approached the Karnataka government for industrial land to setup a mobile research and development lab in 2015.  They even met the previous Chief Minister but nothing came of it. Later, Telangana heard about this project, called the owners, held talks and soon offered them 1.6 acres in Gachibowli to set up their Lab. Today the construction is on track and is expected to be completed by 2019 and will employ over 300 people.

The manufacturing philosophies of companies like IKEA are very relevant for a growing economy like ours. Karnataka needs such companies and for that our leaders have to be proactive. The last time we had such a Chief Minister was S.M. Krishna, who ushered in the IT boom. Now we have a coalition government and there is an atmosphere of industrial gloom.

e-mail: vikram@starofmysore.com

source: http://www.staromysore.com / Star of Mysore / Home> Columns in Black & White / by Vikram Muthanna / August 11th, 2018

Meet Saudi-return Indian farmer cultivating Gulf-like dates using tissue culture

Agriculture (since June 07th, 2021), Amazing Feats, Business & Economy, , , , , ,

Ariyakulam (Dharmapuri District), TAMIL NADU:

Nizamuddin S. cultivates 32 varieties of the luscious fruit as well as date palms. (Supplied)
Nizamuddin S. cultivates 32 varieties of the luscious fruit as well as date palms. (Supplied)

In India there is a presumption that good, juicy dates are procured only in the Gulf Cooperation Council (GCC) countries. Little do we know that similar quality dates can be grown in India too.

Though the Kutch region in Gujarat, Punjab and Rajasthan are two major date-growing states, with Gujarat alone home to 2 million date palm trees, Tamil Nadu in south India is fast catching up.

Despite India being the one of the largest importers of dates in the world – around 3.5 million metric tons every year – there is good market for homegrown dates both locally and abroad.

India imports around 3.5 million metric tons every year. (Supplied)
India imports around 3.5 million metric tons every year. (Supplied)

Farm-cum-nursery

Meet Nizamuddin S., who cultivates 32 varieties of the luscious fruit as well as date palms. His farm-cum-nursery at Ariyakulam in Dharmapuri district in western part of Tamil Nadu literally bears fruits of hard labor and innovation.

The dangling cluster of dates on date palms at his farm are feast for the eyes. Owner of Saliah Dates, Nizamuddin got the idea of cultivating dates while working in Saudi Arabia.

Nizamuddin got the idea of cultivating dates while working in Saudi Arabia. (Supplied)
Nizamuddin got the idea of cultivating dates while working in Saudi Arabia. (Supplied)

Finest Saudi dates

Responding to emails from Al Arabiya English, Nizamuddin said: “Saudi Arabia has the finest dates in the world. One fine day I thought why such dates cannot be grown in India? It seemed possible and I bought 100 plants for testing and the idea blossomed”.

There has been no looking back since then as his nursery-cum-farm now has more than 32 varieties of date palms. One of them is the Barhee dates, which costs Rs. 300 per kilogram. Barhee is the best variety and yields more than 200kg per plant.”

Tamil Nadu is an important state for dates in southern India. Here climate, soil and irrigation facilities in some coastal regions like Tirunelveli, Tuticorin and Ramanathpuram districts favor date palm cultivation.

Tamil Nadu is an important state for dates in southern India. (Supplied)
Tamil Nadu is an important state for dates in southern India. (Supplied)

Tissue culture technology

Over decades of cultivation practices followed in different regions, regenerating dates either by seeds or offshoots and trying different imported cultivars, have led to the present date fruits of great variations in size, shape, color, weight, taste and astringency.

Moreover, controlling date palm diseases using methods, which do not pollute soil, plant and products, has not been easy.

The obvious solution was to produce date palms by adopting tissue culture technology, which enables farmers to select only the best trees as every plant produced from the cut stem is genetically identical to the parent tree.

Nizamuddin imports tissue culture plants from wherever they have been developed. (Supplied)
Nizamuddin imports tissue culture plants from wherever they have been developed. (Supplied)

Transforming technology

Nizamuddin is aware that tissue culture can do wonders to the plantation. So he started to import tissue culture plants from abroad where such technologies have been developed.

“Twenty years ago first we tried seedlings. But there was an issue in the sense that we could not differentiate between a male and female plant. Only the female date palm can bear date fruits. But with tissue culture the plant is 100 percent female and we can get yield by 2 1/2 years”, says Nizamuddin.

“We import such plants from Abu Dhabi and sell all over India. We are soon planning to introduce new varieties. Ajwa dates are our first priority. Depending on how successful the yield is we will go for further new varieties. On the anvil are making different types of food products with dates like date syrup, chocolates, etc.”

source: http://www.english.alarabiya.net / AlArabiya News / Home> Features / by Aftab Husain Kola / June 21st, 2018

Pilgrim and the seven magical seeds that brought Arab coffee to shores of India

Agriculture (since June 07th, 2021), Amazing Feats, Business & Economy, Green Products, Karnataka (under research project), World Opinion

Chikkamagaluru, KARNATAKA:

India is home to 16 distinct varieties of coffee. (Supplied)
India is home to 16 distinct varieties of coffee. (Supplied)

India, the world’s sixth-largest coffee grower, on an average produces about 3.2 lakh tons of coffee every year of which 75 percent are exported to countries like Italy, Germany, Russia, Belgium and Turkey. Today, India is home to 16 distinct varieties of coffee.

The journey of coffee to India has a vivid Arab connection. A devout pilgrim hailing from Chickmagalur, a picturesque hill station in India’s Karnataka state, Hazarat Shah Janab Magatabi, fondly known as Baba Budan, on his return journey, around 1600 AD via Yemen brought with him seven Coffee Arabica seeds by strapping them to his chest under his tunic.

Bababudangiri Hills in Chickmagalur where coffee was first planted in India. (Supplied)
Bababudangiri Hills in Chickmagalur where coffee was first planted in India. (Supplied)

Legend has it that Arabs were extremely protective about their coffee industry and taking the seeds outside was not allowed. The saint had known that they were magical seeds for making refreshing beverage as he had tasted the kahwa (Arabic for coffee) in Mocha, a port city of Yemen that overlooks the Red Sea.

Besides being a trading hub for coffee, Mocha was the source of the popular Mocha coffee beans. After reaching his native place, Baba Budan sowed the seeds in his hermitage garden near a hill cave at Chandragiri and the rest is history.

Chickmagalur is a picturesque hill station in India’s Karnataka state. (Supplied)
Chickmagalur is a picturesque hill station in India’s Karnataka state. (Supplied)

The coffee plants gradually spread as backyard plantings, and later on to the hills. The hills are now called Baba Budan Hills after the him. Today Chickmagalur, the birthplace of coffee in India, is filled with coffee plantations throughout its length and breadth.

Besides Chickmagalur, the charming region of Coorg is also one of the major grower of coffee. Coffee cultivation grew and thrived in India during the British rule and beyond.

A fall amid coffee plantations in Chickmagalur. (Supplied)
A fall amid coffee plantations in Chickmagalur. (Supplied)

The Dutch began to harvest coffee in the Malabar region, but a major transition happened when the British led a relentless drive to set up Arabica coffee plantations across the hilly regions in South India, where the climatic conditions were more favorable for the crop.

Grown under a canopy of thick natural shade in ecologically sensitive regions of the Western and Eastern Ghats spread over Karnataka, Kerala and Tamil Nadu, Indian coffee quickly spread to non-traditional areas like Andhra Pradesh and Odisha on the Eastern Coast; Assam, Manipur, Meghalaya, Mizoram, Tripura, Nagaland and Arunachal Pradesh in the North East. Despite many states growing coffee, Karnataka and Kerala, accounting for nearly 90 percent of total production.

The charming region of Coorg is also one of the major grower of coffee. (Supplied)
The charming region of Coorg is also one of the major grower of coffee. (Supplied)

In India, based on region of production, 13 regional coffees are classified: Anamalais, Bababudangiris, Biligiris, Araku Valley, Brahmaputra, Shevaroys, and Pulneys (for Arabica) and Wayanaad and Travancore (for Robusta). Coorg, Chikmagalur, Nilgiris and Manjarabad are famous for both Arabica and Robusta.

Apart from these 13, there are three Specialty Coffees classified based on their international popularity. They are Monsooned Malabar, Mysore Nuggets and Robusta Kaapi Royale.

Stall owners are thankful to Arabia for the wonderful coffee. (Supplied)
Stall owners are thankful to Arabia for the wonderful coffee. (Supplied)

During a recent visit to Baba Budan hills, this correspondent spoke to stall owners and few tourists who still are thankful to Arabia for the wonderful coffee.

One stall owner who sells cool drinks and snacks on the hills overlooking the shrine summed up, “It is because of Baba Budan that India got coffee so early and the credit for discovering coffee goes to Arabs who invented and discovered hundreds of stuff including the coffee.”

Little wonder then a small cup of coffee has so much history behind it.

source: http://www.english.alarabiya.net / AlArabiya News / Home> Features / by Aftab Husain Kola / October 07th, 2018

In India, 1,000 Tipu Sultan-era ancient rockets to be showcased in museum

Amazing Feats, Business & Economy, Community Involvement / Social Issues, Freedom Fighters (under research project), Inventions, Innovations (wef. Nov 30th, 2021), Karnataka (under research project), Leaders, Martyrs of the Nation, Museums, Libraries (wef. April 16th, 2022), Royal Families, PreIndependence -Descendants (wef. Jan 02nd,2022), World Opinion

KARNATAKA:

India rocket musuem
These were the first iron-cased rockets used in the military thus paving the way for rockets use around the world. (Supplied)

More than 1,000 unused rockets of India’s freedom fighter Tipu Sultan’s era found toward the end of July this year, will now be showcased at a newly created rocket gallery at the museum at Shivappa Nayaka Palace in Shivamogga city in the state of Karnataka.

The gallery, named as Bidanur Rocket Gallery after the famous Bidanur Fort at Nagar in Hosanagar taluk of Shivamogga district, will open to receive visitors in October.

Visitors will be able to feast on the rockets used by Tipu Sultan, the illustrious son of Karnataka, who was known as “Tiger of Mysore” for his daring acts against the British who ruled India then.

India rocket musuem
India rocket musuem

Bidanur served as an important administrative centre of Mysore State (renamed as Karnataka) and Tipu Sultan had even established a mint and an armory here.

Speaking to Al Arabiya English, R. Shejeshwara, Assistant Director of the Department of Archaeology, Museums and Heritage, said that the findings were discovered during a field excavation at a farmer’s well in Nagara village in Hosnagar Taluk, Shivamogga district, conducted by Department of Archeology, Museums and Heritage.

He said, “the shape of a cylinder and having a fuse at one end reveal that these rockets were used during the eighteenth century AD during Tipu’s time. Each unused rocket is of 7 to 10 inches in length and 1 to 3 meter in diameter and are rusted because of continuous exposure to soil moisture”.

India rocket musuem
India rocket musuem

Shejeshwara further said that like the earlier rockets found in 2002, those recovered recently also are iron-cased with black powder, a mixture of sulfur, charcoal and potassium nitrate filled inside. The 15-member crew of archaeologists, excavators and laborers took three days to unearth the armory and the ammunition.

Shejeshwara said that after the fourth Anglo-Mysore War, it is likely that Tipu’s army, stationed in Nagara, could have dumped the rockets in the well to prevent them from getting into the hands of the East India Company.

The media spotlight on the recent findings speaks volumes about how this powerful 18th century ruler of Mysore is remembered. Mysore under Tipu stood as a bulwark against the British.

Tipu conceptualized, designed and manufactured cylindrical iron tubes that ensured for great compression of the filled gunpowder and consequently, greater range (nearly 2 km). The brave freedom fighter then fastened them to swords or bamboo poles to provide stability, that would, in turn, lead to better accuracy.

Fitted with sharpnels that traveled a considerable distance, these air-borne weapons would target the enemy with edges of the sharpnels facing them.

India rocket musuem
India rocket musuem

These were the first iron-cased rockets used in the military thus paving the way for rockets use around the world.

The first rocket, which was fired by Tipu Sultan in 1792 against the British forces, is displayed at the British Museum. Though the British lost the war, they have exhibited the rocket.

After being the victims of these innovative locally-crafted rockets, the British eventually adopted the technology. Tipu Sultan wrote a military manual called Fathul Mujahideen in which he explains that 200 rocket men were assigned to each Mysorean cushoon (brigade).

Little wonder then the credit for developing the first-ever iron-clad rockets goes to Tipu Sultan and they were successfully deployed for military use.

In the Battle of Pollilur (the Second Anglo-Mysore War in 1780), Tipu’s rockets set afire the East India Company’s ammunition dumps. It was the British Army’s one of the worst ever defeats in India.

India rocket musuem
India rocket musuem

It may be recalled that a set of 24 rare and rediscovered preparatory paintings depicting the Battle of Pollilur was sold to a bidder for £769,250 at the Sotheby’s biannual Arts of the Islamic World Sale in 2010. The Britishers described these rockets filled with gunpowder on swords as “flying plagues”.

Tipu took advantage of them and established four taramandalpets (star-cluster bazaars, a name that refers to the pattern of mid-air explosions of these rockets that then pounded shrapnel on the enemy) at Srirangapatna, Bidanur, Chitradurga, and Bangalore to conduct research on Mysore rocket technology.

The armory in Kalasipalyam in Bangalore was among the four that were constructed by Tipu Sultan to store ammunition. The 18th century armory that housed the famed rockets of Tipu Sultan is hardly known.

After the death of Tipu in 1799, the British Army discovered as many as 600 launchers, 700 serviceable rockets and 9,000 empty rockets at Tipu’s fort.

One of the major beneficiary was the Royal Artillery Museum in Woolwich in the UK. The powerful ruler was killed in the fourth Anglo-Mysore war in 1799 after a slew of victories in battle against the British.

http://www.english.alarabiya.net / AlArabiya News / Home> Life > Travel & Tourism / by Aftab Alam Kola / August 09th, 2018

108th Annual General Body Meeting Of Muslim Co-Operative Bank Held

Business & Economy, Karnataka (under research project), Leaders, , , , , , , , ,

Mysuru, KARNATAKA:

Mysore/Mysuru:

The 108th Annual General Body Meeting (AGM) of the Muslim Co-operative Bank Limited was held on Sunday in the 2nd floor of the Main Branch Building on New Sayyaji Rao Road in city.

Bank President Dr. Abdul Ravoof, who is also an Orthopaedic Surgeon, presented the Directors’ Report and Audited  financial statements for the year 2022-2023.

He also spoke in detail about the overall development of the Bank and requested the loanees to repay their monthly instalments on time to reduce the percentage of NPA, which is very important for the expansion activities and overall development of the Bank, which is serving the community since 108 years.

Dr. Abdul Ravoof informed the share holders that the Bank has earned Rs. 1.66 crore profit during the year 2022-2023. The Board of Management proposed 15 percent as dividend for the year 2022-2023 which was raised to 20 percent on the demand from  share holders.

The meeting began with the recitation of verses from the Holy book of Quran by young Moulana and Hafiz Umez Saheb.

On the occasion, children of the Members of the Bank who excelled in II PUC and SSLC examination held in the year 2022-2023 and senior share holders of the Bank were felicitated.

Bank Director Abdur Rahman Shariff welcomed.

Manager of Main Branch Md Khaleel-ulla Shariff  presented the proceedings of the previous AGM.

Bank Director Md Akram proposed a vote of thanks.

Directors Rahmath Ulla Sharifff and Abdur Rahman Shariff were also present.

source: http://www.starofmysore.com / Star of Mysore / Home> News / September 06th, 2023

21 ‘Most Influential Business individuals’ feted with ‘Gulf Karnataka Ratna Awards

Amazing Feats, Books (incl.Biographies - w.e.f.01 jan 2018 ), Business & Economy, Education, Events, Exhibitions, Conferences (wef. Nov 18th, 2021), Karnataka (under research project), Leaders, NRI's / PIO's, Transport, World Opinion, , , , , , , , , , , , , , , , , , , , , ,

KARNATAKA / DUBAI, UAE:

The distinguished honorees pose for a group photo during the mega event in Dubai.

The Gulf Karnatakotsava, an event dedicated to honouring the outstanding contributions and work of Karnataka-origin business icons in the Gulf region, concluded on a grand note.

The mega event marked a significant milestone as it paid tribute to a total of 21 exemplary ‘Most Influential Business individuals’.

These distinguished honorees, recognised as ‘Gulf Karnataka Ratna,’ received their recognition from the esteemed Chief Guest, Sheikh Mohammed Maktoum Juma Al Maktoum, a Member of the Royal Family of Dubai and the Chairman of MBM Group. The heart of this momentous event was a coffee table book launch, capturing their achievements and dedication to both the Gulf nations and their home state of Karnataka.

The Gulf Karnatakotsava was a resounding success, drawing more than 1000 attendees from all walks of life and capturing the essence of Karnataka’s rich culture, heritage, and business prowess. The event served as a platform to acknowledge and celebrate the remarkable success stories of these individuals who have made a significant impact on the economic and social fabric of both the Gulf countries and Karnataka.

The highlight of the event was the felicitation of the 21 distinguished individuals who were honoured as ‘Gulf Karnataka Ratna Awards.’ These business icons, representing the most influential and powerful leaders from a wide array of industries, who have achieved tremendous success but have also contributed significantly to the welfare of their communities and the betterment of Karnataka.

The list of notable icons featured in the coffee table book and ‘Gulf Karnataka Ratna 2023’ awardees included Dr. Thumbay Moideen, emerging as the number one contributor in Medical Education and Healthcare sector of UAE. Notably he’s the only businessman from Karnataka who holds the distinction of being world’s only businessman from Karnataka to own a private medical University outside of India, the leader in healthcare and medical education in UAE.

Other awardees included: Hidayatullah Abbas, Founder & Chairman, Hidayath Group; Mohammed Meeran, Chairman of EMCO International and Electric Way; James Mendonca, Founder & Chairman, Reliable Group of Companies; Nissar Ahmed, Chairman, Nash Engineering; Ramchandra Hegde, Managing Director, Spraytek Coatings; Joseph Mathias, Managing Director, Merit Freight Systems; Vasudeva Bhat Puthige, Owner, Venus Group of Restaurants; Mohammed Naveed Magundi, Intignis Naveed Company; Mansoor Ahmed, Chairman, Saara Group; M. Syed Khalil, Founder Chairman, K&K Enterprises; Michael D’Souza, Managing Director, Ivory Grand Real Estate; Ibrahim Gadiyar, Managing Director – Gadiyar Group of Companies and Director Projects – Pantheon Development Group; Dr. B.K Yousuf, Executive Chairman, Air Chateau International; Dr. Sathish P Chandra, CEO, Global Tech Park; Zafrullah Khan Mandya Chairman and Founder, ZGC Global / Zain Group of Hotels; Devid Frank Fernandes, Chancellor General MEA, Peace Ambassador & Chief of Mission (UAE) ICDRHRP IGO, Martin Aranha, Managing Director, Globelink West Star Shipping, John Sunil, Group Chief Executive Officer, Burjeel Holdings, Mohammed Ashif, Co-president and CEO, Expertise contracting and Ravi Shetty, Managing Director, Advanced Technical Services. Their stories of perseverance, innovation, and commitment to excellence served as an inspiration to all attendees.

The Gulf Karnatakotsava was not just about awards and accolades; it was a true celebration of Karnataka’s vibrant culture and artistic heritage. The event featured a captivating blend of cultural performances, musical concerts, and comedy acts that left the audience enthralled. Traditional dances such as Pili Vesha were showcased, transporting the audience to the heart of Karnataka.

Hidayathullah Abbas, Founder and Chairman, Hidayath Group told Gulf Today that he is honoured to have been recognised at this Gulfkarnatakotsava platform, alongside so many accomplished individuals who share a connection with Karnataka and have made remarkable contributions in the Gulf.

“The Gulf Karnataka Ratna Awards event celebrates our shared heritage and showcases the incredible achievements that have taken shape from this cultural bridge.”

“The launch of the coffee table book emphasizes the stories, journeys, and legacies of Karnataka’s business icons in the Gulf. It serves as a testament to the entrepreneurial spirit of our community and the lasting impact we’ve made across industries and borders. I hope that these stories inspire future generations to continue the legacy of excellence and compassion that our community represents.” Abbas added.

The musical segment of the event witnessed renowned artists and musicians such as, Santosh Venky, Guru Kiran and noted playback singer Chaitra HG, was a testament to the harmonious coexistence of cultures and the bond between Karnataka and the Gulf countries.

Comedy, often regarded as the universal language of laughter, also played a pivotal role in the event. Comedian Kannada actors Prakash Thuminad and Deepak Rai Panaje had the audience in splits, providing moments of pure joy and amusement amidst the grandeur of the evening.

The Gulf Karnatakotsava was a celebration of success and a testament to the strong ties between Karnataka and the Gulf countries. It highlighted the importance of recognizing and honoring the contributions of individuals who have bridged the gap between these two regions, fostering cultural exchange, economic growth, and mutual understanding. As the curtains closed on the Gulf Karnatakotsava, it left behind a legacy of inspiration and pride. The ‘Gulf Karnataka Ratna’ awardees serve as an encouragement for aspiring entrepreneurs and a reminder that Karnataka’s heritage and success stories continue to shine on the global stage.

source: http://www.gulftoday.ae / Gulf Today / Home> Business / by Inayat-Ur-Rahman, Business Editor / September 11th, 2023

Udupi’s prominent NRI businessman Hidayathullah Abbas honored with ‘Gulf Karnataka Ratna’ award

Amazing Feats, Business & Economy, Events, Exhibitions, Conferences (wef. Nov 18th, 2021), Karnataka (under research project), Leaders, NRI's / PIO's, ,

Udupi, KARNATAKA / DUBAI, UAE:

Dubai:

Hidayathullah Abbas, a distinguished Non-Resident Indian (NRI) businessman hailing from Uchila, Udupi, was bestowed with the prestigious ‘Gulf Karnataka Ratna’ award at the Gulf Karnatakotsava event held in Dubai on Sunday, September 10, 2023. The event’s Chief Guest, His Highness Sheikh Mohammed Maktoum Juma Al Maktoum, a member of the Royal Family of Dubai and Chairman of MBM Group, graced the occasion.

Hidayathullah Abbas embarked on his entrepreneurial journey in the 1970s, initially engaging in hardware trading. Over time, he diversified into the supply of stainless steel materials and gradually emerged as a market leader in trading, processing, project supplies, manufacturing, and services related to architectural and industrial products in stainless steel and allied metals.

As the founding chairman of the Hidayath Group, he played a pivotal role in its remarkable growth. In just four decades, the group achieved global recognition in the stainless steel industry. His visionary leadership, hard work, unwavering commitment, risk-taking acumen, and dedication were instrumental in propelling the group to success. Hidayathullah Abbas’s strategic focus and understanding consistently aligned with the group’s objectives. His emphasis on continuous technological advancement, strategic acquisitions, and well-planned expansions into new markets enabled the group to make substantial inroads into the architectural and industrial sectors.

In addition to his remarkable business achievements, Hidayath is also a prominent philanthropist, actively supporting religious, educational, and social institutions. His contributions extend beyond the business realm, reflecting his commitment to the betterment of society.

source: http://www.english.varthabharati.in / Vartha Bharati / Home> Gulf / by Vartha Bharati / September 11th, 2023

Eminent NRI businessman from Bhatkal Syed Khalil ur Rahman honored with ‘Gulf Karnataka Ratna’ award

Amazing Feats, Business & Economy, Community Involvement / Social Issues, Events, Exhibitions, Conferences (wef. Nov 18th, 2021), Karnataka (under research project), Leaders, NRI's / PIO's, , ,

Bhatkal (Uttara Kannada District) KARNATAKA / SHARJAH-DUBAI, UAE:

Dubai: 

In a remarkable celebration of exemplary contributions and achievements, Syed Khalil ur Rahman, a distinguished NRI businessman and community leader from Bhatkal, was bestowed with the prestigious ‘Gulf Karnataka Ratna’ award. This honor was conferred upon him during the Gulf Karnatakotsava event held in Dubai on Sunday, September 10, 2023. The Chief Guest for this momentous occasion was His Highness Sheikh Mohammed Maktoum Juma Al Maktoum, a member of the Royal Family of Dubai and Chairman of MBM Group.

Syed Khalil, affectionately known as ‘C A Khalil’ among the general public, hails from the Nawayat community of Bhatkal. His exceptional journey to prominence and distinction has not only brought pride to the Nawayat community but also to Kannadigas and Indians at large. Khalil is renowned for his remarkable achievements and dedication to international trade, social service, and the education of underprivileged children.

Having ventured to the Gulf in 1978, Khalil’s unwavering faith and dedication to the Galadari family propelled the Galadari Company to unparalleled success over three decades. Presently, he serves as the Founder Chairman of K&K Enterprises General Trading Company in Sharjah. Khalil also holds positions in numerous educational and social service organizations in Karnataka and beyond.

His passionate commitment extends to addressing the issue of youth unemployment. In his public addresses, he emphasizes the need for medical education and the establishment of a reputable hospital in the region. Khalil has received numerous awards and honors, including the prestigious ‘Rajyostava Award’ from the Karnataka government, an honorary doctorate from Aldersgate College, Ireland, and countless felicitations that showcase his outstanding accomplishments and exemplary character.

Syed Khalil stands as one of the town’s first chartered accountants, renowned for his financial expertise. He is also a respected leader in social service, religious, and educational circles. His leadership roles have included the presidency of prominent organizations such as Anjuman Hami-e-Muslimeen and Rabita Society. Khalil is an advocate for girls’ education and has played a pivotal role in establishing extensive educational institutions.

source: http://www.english.varthabharati.in / Vartha Bharati / Home> Gulf / by Vartha Bharati / September 11th, 2023

Dr. Thumbay Moideen honored with ‘Gulf Karnataka Ratna’ Award at Gulf Karnatakotsava

Amazing Feats, Business & Economy, Community Involvement / Social Issues, Education, Events, Exhibitions, Conferences (wef. Nov 18th, 2021), Karnataka (under research project), Leaders, NRI's / PIO's, World Opinion, , ,

Mangaluru, KARNATAKA / AJMAN-DUBAI, UAE:

Dubai (UAE):

 In a testament to extraordinary achievements and contributions, Dr. Thumbay Moideen was bestowed with the ‘Gulf Karnataka Ratna’ Award, emphasizing his leadership in healthcare delivery and medical education. Notably, Dr. Moideen holds the distinction of being the only Indian in the world to own and operate the biggest private medical university outside India. This recognition reflects his dedication to enhancing healthcare and nurturing the future of medical professionals. Alongside him, 20 other distinguished businessmen were also honored for their remarkable contributions at the festivities of the Gulf Karnatakotsava- the United Arab Emirates’ most prominent platform for celebrating business excellence and recognizing the remarkable contributions of Karnataka’s businessmen in the Gulf region.

The award was presented by the esteemed Chief Guest, His Highness Sheikh Mohammed Maktoum Juma Al Maktoum, a Member of the Royal Family of Dubai and the Chairman of MBM Group to Dr. Thumbay Moideen.

In 1997, Dr. Thumbay Moideen founded the Thumbay Group in 1997, which has grown from a private medical college to a prominent conglomerate in medical education, healthcare delivery research, diagnostics, pharmacies, and hospitality sectors. With over 110 locations across seven emirates, the group partners with over 70 institutions.

Speaking about receiving the award, Dr. Thumbay Moideen, founder president, Thumbay Group stated, “I am grateful to God Almighty, the support of the Rulers and the government, and my own sincere team. This recognition will inspire me to do more in driving positive change.”

Beyond business excellence, Dr. Moideen has been an ardent advocate for the importance of healthcare accessibility and quality education globally. His philanthropic efforts have reached communities in need, providing medical services and educational opportunities to those who would otherwise lack access.

The Gulf Karnataka Ratna Award is a testament to Dr. Thumbay Moideen’s commitment to improving the well-being of people and his dedication to nurturing the future leaders of the medical field.

source: http://www.english.varthabharati.in / Vartha Bharati / Home> Gulf / by Vartha Bharati / September 11th, 2023

Who Is Dr Faruk Gulam Patel? A Bus Conductor’s Son Who Once Worked In London Café, Today Owns Rs 2,500 Crore Business Empire

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Saladara Village (Bharuch) / Surat, GUJARAT :

Dr Faruk Gulam Patel is the Chairman and Managing Director of KP Group, one of the major players in the solar and wind power sector in India.

Who Is Dr Faruk Gulam Patel? A Bus Conductor's Son Who Once Worked In London Café, Today Owns Rs 2,500 Crore Business Empire
Having seen poverty closely, Dr. Faruk Gulam Patel moved to Mumbai at a younger age to help his family

A house is not built overnight just like success. One lesser-known aspect of success is the importance of failure. While success is often associated with achieving goals and attaining positive outcomes, failure plays a crucial role in the journey toward success. And failure is not always associated with the fall; it’s also associated with the struggles you face during your journey. One such inspiring story is Dr. Faruk Gulam Patel, Chairman and Managing Director of KP Group.

Dr. Patel often remains in the news for his trust in the India story and his latest tryst with headlines was due to him being conferred with an honorary doctorate by the American East Coast University for his work in the field of renewable energy.

Who Is Dr. Faruk Gulam Patel?

Dr. Faruk Gulam Patel, born on March 24, 1972, hails from Saladara Village in Bharuch. His parents, Gulam Patel and Rashidaben, raised him in a humble household.

In this lower-middle-class family, Dr. Patel’s father made a living as a bus conductor for Gujarat State Road Transport Corporation (GSRTC). Just like average Indian middle-class families, Dr. Faruk Gulam Patel did his primary schooling at Surat Municipal Corporation School in Kanbiwad Bhandri Moholla and later on shifted to VD Desai Vadiwala School also called Bhulka Bhavan on the advice of his teacher Shantaben.

Dr. Faruk Gulam Patel’s Struggle

Having seen poverty closely, Dr. Faruk Gulam Patel moved to Mumbai to help his family financially he began learning about import-exports along with working as an optician to earn extra money.

Later, he joined Manmade Textile Research Association in 1990 for experience and later started a business by joining Hafiz Brothers.

Then in 1991, he flew to England and started working in a café to support his family. But soon he started missing his motherland and wanted to do something for his country.

Dr. Faruk G. Patel’s Entrepreneurial Journey

After spending two years abroad, he flew back to Surat in 1993 and started carting business.

But being an ambitious person with a bigger vision in 1994, he started KP Group with a capital of Rs 1 lakh. It was the turning point of Dr. Patel’s journey.

Going ahead in 2001 he started KP Buildcon Pvt. Ltd. and marked his journey into Telecommunication Industry. Recognizing the future of communication and the increasing demand for communication towers, he made the strategic decision to expand his business across 16 states in India. Building on his visionary mindset, after years of success, he saw the importance of diversification and ventured into the renewable energy sector. 

In 2008, he founded KPI Green Energy, marking his entry into the solar power domain. Following that, in 2010, he further expanded his portfolio by establishing KP Energy, focusing on wind power projects. Taking his solar power aspirations forward, he initially procured 220 acres of land in Sudi, Bharuch, to develop a Solar Park. Over time, his vision expanded, and the group now possesses over 1500 acres of land; owns Gujarat’s largest private solar park, and has 2+GW of green energy portfolio. The KP Group today has a business empire of Rs 2,500 crore across India.

source: http://www.zeenews.india.com / Zee News / Home> News> Business> Success Story / by Zee News Bureau / July 07th, 2023