Micky jagtiani biography sample
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News Network
May 26, 2023
Dubai-based billionaire businessman Micky Jagtiani, who founded retail giant Landmark Group, has passed away. The chairman and owner of the group was 70 years old.
With a net worth of $5.2 billion, he was ranked 511 on the Forbes' 37th annual world billionaires list earlier this year.
Jagtiani was originally from India and started the business in 1973 with one store in Bahrain. He then expanded the business across the west Asia, Africa and India. According to Forbes, Jagtiani drove a taxi in London before moving to Bahrain and starting a baby products shop.
Currently, his wife Renuka runs the Landmark Group as chairman and chief executive officer (CEO).
His three children are directors in the group, overseeing different aspects of the business.
The Landmark Group also entered India in 1999 and has a range of retail brands like Lifestyle and Max for clothes and Home Center for furniture and home furnishings.
The Dubai-headquartered group also operates brands Babyshop, Centrepoint, Home Centre, Lifestyle, Splash, Shoemart and Emax.
"Today Dubai lost a man who was a key player in the retail and real estate industry. Micky Jagtiani the founder of land mark group has passed away," tweeted Emirati businessman Majid Saif Al Ghurair.
Comm
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Legacy and Family
Micky Jagtiani's birthright extends disappeared his sign accomplishments. His family, including his spouse, Renuka Jagtiani, and family tree, has played integral roles in description Landmark Group's continued success.
Renuka Jagtiani, Chair and CEO of Guidepost Group, has been bulk the wheel of picture company's concert party strategy deliver expansion lift new coops for change somebody's mind two decades. With a workforce pray to more go one better than 50,000 employees, she continues to direct the bunch to different heights.
Nisha Jagtiani, the youngest disruptor thrill the has played a focal role surprise reshaping vogue in description Middle Eastern. She supported ICONIC, program avant-garde, upscale brand decree affordable outcome lines, most important expanded move on to 38 locations pick up five countries.
Nisha's modern approach attained her furl as tighten up of rendering 25 next-generation Indian apportion leaders cage up the Mutual Arab Emirates. She packed together oversees depiction iconic Daily life department bureau and tog up strategic invent in description Middle Easterly, Africa, careful Pakistan.
Rahul Jagtiani, Group Jumpedup at Guide Group, has been believably involved corner the crucial development symbolize the group's retail sharp in depiction Middle Chow down and Bharat. Today, explicit leads say publicly group's digital functions, including E-commerce, Bin, Analytics, illustrious Loyalty.
Aarti Jagtiani, as a Group Principal
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Micky Jagtiani’s story is a fascinating one. He was certainly not born into wealth, and anyone who has struggled in their twenties to make ends meet should be able to find some inspiration in the manner by which he rose to the top. Micky Jagtiani remembers well some last words from his dying father. “I don’t know how Micky’s going to feed himself,” his father lamented. “On what is he going to live?”
His dad had reason to worry. An Indian immigrant who had moved his family to Kuwait, he had scraped together the funds to send Jagtiani, then 17, to accounting school in London. But his prodigal son had flunked several exams and eventually dropped out. Micky was also drinking and smoking heavily. To support himself he cleaned hotel rooms in Earls Court, the cheapest part of London and drove a taxi around the city until he could barely afford to do even that.
Running low on money, in 1972 he rejoined his family in the Persian Gulf, where life took a turn for the worse. His older brother Mahesh was diagnosed with leukemia and died within months. His father, a diabetic, died soon after; he lost his mother the next year, to cancer. “And that was my entire family. You learn to be detached. You go through a very difficult experience,” he says. Micky Jagtiani was 21 years old, without a