Micky Jagtiani Passed Away
Yes, Micky Jagtiani, the founder of Landmark Group, passed away on May 26, 2023. He was 70 years old. Jagtiani was born in Mumbai, India, in 1953. He started Landmark Group in 1987 with a single store in Dubai. The company now has over 1,000 stores in 22 countries. Jagtiani was known for his business acumen and his commitment to social responsibility. He was a philanthropist and donated millions of dollars to charity. He is survived by his wife and three children.
Jagtiani’s death is a major loss for the UAE and the region. He was a successful businessman who created jobs and opportunities for many people. He was also a philanthropist who made a difference in the lives of many people. He will be remembered for his contributions to the UAE and the region.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, expressed his condolences, stating, “Micky Jagtiani was not only a successful businessman who made a significant contribution to the UAE economy, but also a generous philanthropist who positively impacted the lives of many people. His passing is a profound loss for the UAE.”
Abdullah bin Touq Al Marri, Minister of Economy, recognized Micky Jagtiani as a pioneer in the UAE retail industry. He acknowledged Jagtiani’s role in transforming the country’s shopping landscape and creating numerous job opportunities. Al-Marri emphasized that Jagtiani’s departure is deeply felt and mourned by the UAE.
Khalid Al Tayer, CEO of Dubai Holding, spoke of Micky Jagtiani as both a close friend and a business partner. Al Tayer described Jagtiani as a visionary businessman whose contributions played a significant role in shaping the UAE’s economy. Al Tayer expressed his heartfelt condolences and conveyed the immense loss felt by the UAE due to Jagtiani’s passing.
Micky Jagtiani’s funeral took place in Dubai on May 27, 2023. The ceremony was held privately, with his family and friends gathering to bid him farewell and pay their last respects.
Who is Micky Jagtiani?
Mukesh Wadhumal “Micky” Jagtiani, an Indian billionaire businessman based in the United Arab Emirates (UAE), held the esteemed position of chairman and owner of the Dubai-based Landmark Group.
Under Jagtiani’s leadership, the Landmark Group experienced remarkable growth, expanding its operations to encompass fashion, electronics, furniture, and budget hotels in the Middle East and Southeast Asia. With a workforce exceeding 45,000 employees, the group established over 1,000 stores across the Persian Gulf region, Middle East, and India. In 2008, Jagtiani acquired a 6% stake in the UK high-street retailer Debenhams, propelling him onto the Forbes list of billionaires and securing his position as the 16th richest Indian, with a net worth of USD 2 billion. In 2014, he established his family office, amassing assets worth $5 billion. As of May 2021, Forbes estimated his net worth to be approximately US$3.0 billion.
Born in Mumbai, India, in 1952, Jagtiani relocated to Bahrain in 1973, where he embarked on his entrepreneurial journey by establishing a baby products shop. Over time, he expanded his business to encompass various retail categories, including fashion, electronics, and home goods. Today, the Landmark Group boasts a staggering presence, with over 2,200 stores across 24 countries.
Jagtiani was recognized not only for his business acumen but also for his philanthropy. He generously donated millions of dollars to charitable causes. Additionally, he served on the board of directors for esteemed organizations such as the Dubai Chamber of Commerce and Industry and the Indian Business and Professional Council.
On May 26, 2023, at the age of 70, Micky Jagtiani passed away, leaving behind his wife, Renuka, and three children. His legacy as a visionary entrepreneur, compassionate philanthropist, and influential figure in the business community will forever be remembered.
What Happened To Micky Jagtiani?
Micky Jagtiani, a prominent figure in business, sadly passed away on May 26, 2023, at the age of 70. He is survived by his wife, Renuka, and three children. While the specific cause of his death has not been disclosed publicly, his departure has left a void felt deeply by many.
Born in Mumbai, India, in 1952, Jagtiani embarked on his entrepreneurial journey by relocating to Bahrain in 1973 and establishing a baby products shop. Over time, his business expanded to encompass diverse retail categories, including fashion, electronics, and home goods. Today, the Landmark Group, with over 2,200 stores spanning 24 countries, stands as a testament to his entrepreneurial vision and success.
Beyond his business accomplishments, Jagtiani was known for his philanthropy, making significant contributions to charitable causes. He also held esteemed positions, serving on the board of directors for organizations such as the Dubai Chamber of Commerce and Industry and the Indian Business and Professional Council.
Jagtiani’s passing is mourned not only by his family and loved ones but also by the UAE and the region as a whole. His presence as a successful businessman created numerous job opportunities and avenues for growth. Moreover, his philanthropic endeavors positively impacted the lives of many individuals. His legacy will be forever remembered for his profound contributions to the UAE and the wider region.
The Landmark Group, in a statement, expressed their deep sense of loss, referring to Jagtiani as a “visionary leader” and “a true inspiration to all who knew him.” They affirmed their commitment to upholding his values and principles as they continue to operate under his esteemed legacy.
How Did Micky Jagtiani Die?
The cause of Micky Jagtiani’s passing has not been disclosed to the public. On May 26, 2023, at the age of 70, he left us. Known as the chairman and owner of the Landmark Group, a retail conglomerate spanning the Middle East, Southeast Asia, and India, Jagtiani’s entrepreneurial journey began with a humble baby products store in Bahrain. Through his vision and determination, he transformed it into a chain of department stores and eventually established the Landmark Group.
Born to Indian parents in Kuwait, Jagtiani emerged as a self-made billionaire, admired for his business acumen and his benevolence. His philanthropic endeavors and significant contributions to society were widely recognized. Moreover, he held a prominent position within the Indian community in the Middle East, representing their interests and aspirations.
The loss of Jagtiani is deeply felt by both the business community and the Indian community in the Middle East. His departure leaves a void that resonates throughout these circles. Fondly remembered as a respected entrepreneur and a generous philanthropist, his numerous accomplishments will forever be etched in our collective memory.
The passing of Jagtiani is an immense loss not only for the UAE but also for the entire region. As a visionary entrepreneur, he played a significant role in job creation and fostering opportunities for countless individuals. Furthermore, his philanthropic endeavors touched the lives of many, leaving a positive and lasting impression. Jagtiani’s contributions to the UAE and the region will be remembered and celebrated as a testament to his remarkable legacy.
Micky Jagtiani Daughter
Micky Jagtiani has two daughters, named Aarti and Nisha, who are both involved in the Landmark Group business. Nisha, in particular, is often mentioned in news articles and profiles due to her position as the heiress to her father’s billion-dollar fortune and her own work within the Landmark Group. She has an MBA from Harvard Business School and is known for her entrepreneurial spirit, which she inherited from her father. Aarti, meanwhile, has a lower public profile but is also involved in the family business as a group director.
Nisha Jagtiani is the younger of Micky Jagtiani’s two daughters, and she is often mentioned in relation to her work within the Landmark Group. She is widely seen as the potential heir to her father’s business empire, and she has been credited with driving the company’s expansion into new markets.
Nisha holds an MBA from Harvard Business School, and she has been involved in the family business from a young age. She is known for her entrepreneurial spirit, and she has launched several successful businesses within the Landmark Group, including the popular home furnishings brand, Lifestyle. She is also involved in the company’s philanthropic activities, particularly in the area of women’s empowerment.
Aarti Jagtiani, on the other hand, has a lower public profile than her sister but is also involved in the family business. She holds a Bachelor of Science in Marketing and International Business from the Stern School of Business at New York University, and she has served as a group director at the Landmark Group since 2007.
Like her sister, Aarti is involved in the company’s philanthropic activities, particularly in the area of education and healthcare. She has also been involved in a range of initiatives aimed at supporting women and girls, including scholarships for girls to attend school and vocational training programs for women from low-income backgrounds.
Micky Jagtiani News
Micky Jagtiani, the visionary founder and chairman of the Landmark Group, a renowned retail and hospitality conglomerate spanning the Middle East, Africa, and India, passed away on May 26, 2023, at the age of 70.
In 1973, Jagtiani embarked on his entrepreneurial journey by establishing the Landmark Group with a single store in Bahrain. Over the years, his remarkable leadership and business acumen propelled the group’s growth to encompass more than 2,200 outlets across 21 countries, employing a dedicated workforce of over 40,000 individuals. Some of the well-known brands under the group’s umbrella include Lifestyle, Max, Home Centre, and Toys R Us.
As a self-made billionaire, Jagtiani’s notable achievements garnered him recognition, securing the 511th spot on Forbes’ 37th annual world’s Billionaires list, with an estimated net worth of $5.2 billion.
Born in Mumbai, India, in 1953, Jagtiani ventured to Bahrain in the early 1970s, where he commenced his entrepreneurial journey with a modest clothing store. The successful launch of the first Landmark store in Bahrain in 1973 marked the beginning of a transformative expansion across the Middle East and India, shaping the region’s retail landscape.
The Landmark Group stands as a diversified conglomerate, encompassing retail, hospitality, and real estate interests. Its retail division stands as one of the largest in the Middle East, offering a diverse range of brands catering to various customer segments. Meanwhile, the hospitality division manages a portfolio of hotels and resorts across the Middle East and India, and the real estate division engages in the development and management of commercial and residential properties.
Jagtiani’s legacy rests upon his visionary leadership, which transformed the Landmark Group into an exceptional retail and hospitality conglomerate. He played a pivotal role in revolutionizing the Middle East’s retail industry and left an indelible mark on the region. Moreover, Jagtiani’s philanthropic endeavors showcased his generosity and commitment to numerous charitable causes in the Middle East and India.
Renuka Jagtiani, the esteemed Chairwoman and CEO of Landmark Group, a prominent retail and hospitality conglomerate spanning the Middle East, Africa, and India, holds a key position in the organization. She is also the wife of Micky Jagtiani, the founder and chairman of the group.
Born in Mumbai, India, in 1955, Renuka Jagtiani completed her commerce degree from the University of Mumbai. After her graduation, she gained valuable experience working as a marketing executive for a few years before joining her husband’s business in 1977.
With her remarkable leadership, Renuka Jagtiani has played a pivotal role in driving the growth of Landmark Group. She has spearheaded the expansion of the group’s operations into new markets, introduced innovative brands, and pioneered the development of fresh retail formats. Notably, she has championed corporate social responsibility, ensuring the group’s active engagement in various initiatives to uplift and support the communities it serves.
Renuka Jagtiani stands as a respected businesswoman and an inspiring role model for women in the business sphere. Her outstanding achievements have earned her recognition, including the prestigious Ernst & Young World Entrepreneur of the Year Award in 2014.
As the Chairwoman and CEO, Renuka Jagtiani continues to steer the Landmark Group with unwavering determination, shaping its future and contributing to its ongoing success. Her vision, dedication to corporate social responsibility, and remarkable leadership qualities make her a prominent figure in the business world.
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