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Early Dreamers Stories |
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1971 - UAE Year Of Stories |
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Asgar Shakoor Patel
50th
House
of Patels Chairman. Transportation and Logistics... Read
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Revealed: Top Indian Business Leaders in Arab World |
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Asgar Shakoor Patel
40th
Over
100 Indian nationals, mainly businessmen and executives that
are based in the UAE, have just been recognised for their
“phenomenal success” in the Arab world. Read
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TOP 100 INDIAN BUSINESS LEADERS IN THE ARAB WORLD |
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Asgar Shakoor Patel
61st
Asgar Shakoor Patel, Chairman Patel Roadways
under Sector- Logistics Read
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2018 - Gulf's Gold Barons |
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Top Business Leaders in Arab World |
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Asgar Shakoor Patel
40th
House
of Patels Chairman. Transportation and Logistics... Read
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Revealed: Top Indian Business Leaders in Arab World |
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Asgar Shakoor Patel
40th
Over
100 Indian nationals, mainly businessmen and executives that
are based in the UAE, have just been recognised for their
“phenomenal success” in the Arab world. Read More?
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A truly smart city for smart people |
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Asgar Shakoor Patel
Looking back on his arrival back in 1978, Asgar Patel is
still astonished by the drastic makeover Dubai has
experienced over the years. Read
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Looking for growth drivers |
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The Mumbai-based Patel Integrated Logistics Ltd (PILL) is on
the path to regain its momentum, which slipped a bit during
the last decade or so in the fast-changing marketplace. It
was formerly known as Patel Roadways Ltd and commanded pole
position in the transportation space for several decades
since 1959, when it was founded. PILL is now making a
conscious attempt to reposition itself in the logistics
market.
Once known for its brand recall and synonymous
with the trucking business in the country, with its famous
kangaroo logo, the company has chalked out an ambitious plan
to enter the booming e-commerce industry, where it will
provide last-mile delivery services to e-commerce players.
PILL is in an advanced stage discussion with a Middle
East-based company, which will not only bring in the
much-required know-how and technology, but also infuse
capital in this new venture, catering to the logistics
requirements (B2C) of the e-commerce players.Read More
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2016 - Richest Indian |
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Revealed: The most comprehensive guide to indian wealth in the
gulf |
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Asgar Shakoor Patel
$890m
Having
made his money setting up one of India's biggest transport
and logistics conglomerates, Patel travelled to Dubai with
the cash needed to Kick-start his own ventures, ironically
benefitting from the earnings of his... Read More?
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THE 50 WEALTHIEST INDIANS IN THE MIDDLE EAST |
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Asgar Shakoor Patel
$630m
Patel
says he could sniff the money-making opportunities in the
Middle East from 2,000km away. "I established the exchange
centre to help the increasing number of Indians remmitting
money from Dubai to India," he told us last year. "Dubai was
just building up... Read More?
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100 INDIAN POWER LIST |
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Asgar Shakoor Patel
Half a century ago, a Mumbai-based salesman borrowed enough
money to buy a lorry and enter the trucking business. That
man was Asgar Shakoor Patel, and the company swiftly turned
into Patel Roadways, one of India's biggest transport and
logistics names. Patel has used his business acumen to grab
massive slices out of other global markets... Read More?
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50 Riches Indian in Gulf Countries |
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Asgar Shakoor Patel $600m Having made his money setting
up one of India's biggest transport and logistics conglomerates,
Asgar Shakoor Patel travelled to Dubai with the cash needed to
kick-start his own ventures, ironically benefitting from the
earnings of his fellow Asian expats who typically worked as
low-paid labourers. Wall St Exchange Centre became the UAE's
largest and oldest foreign exchange and money transfer company
and was a lifeline for many who came to rely on Dubai to support
their families back....Read More?
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| House of Patels'
launches Real Estate Arm in Dubai |
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House of Patels', one of India's leading business conglomerates,
who also owns part of Wall Street Exchange, has launched their
real estate arm - 'Wall Street Property'. The company is
marketing major Dubai properties such as Burj Dubai Lake Hotel,
Dubai Mall, The Boulevard, The Residences and The Old Town among
other landmark projects spread across the Palm, Business Bay and
other major locations....Read more? |
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50 Golden Years of Driving Up the Road of Success |
Mumbai, Maharashtra, India
Armed with his legendary one man one truck and one vision, back
in 1955, Patel led the entity effectively to make it one of the
leading National Carriers of India. By starting from the
grassroots, Patel visualised companies, studied them in detail
and believed that to run & manage companies one needed the best
& right manpower available. Nursing companies into profits and
divesting them at a premium has become the order of the day for
Patel....Read more?
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Comeback Kid |
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"To motivate myself to work harder I refused to give
up on luxuries and decided since I was going down
the tube, I might as well do so in style," says
Patel.
Asgar Patel was sitting pretty, preparing for
retirement when his company lost $300 million and
was almost on the brink of bankruptcy. At 57, he
rebuilt his empire, House of Patels, with the same
gusto as when he established it three decades
earlier.
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Asgar Patel was sitting pretty, preparing for
retirement when his company lost $300 million and
was almost on the brink of bankruptcy. At 57, he
rebuilt his empire, House of Patels, with the same
gusto as when he established it three decades
earlier.
Asgar Shakoor Patel is a 67-year-old comeback kid.
The patriarch of the Indian mega corporation House
of Patels started his business as a one-truck
operation called Patel Roadways in 1959. He drove
the truck himself, transporting goods all over India
and built it into one of the largest logistics
companies in Asia.
Over the next four decades, Patel diversified into
couriers, air freight, finance, foreign exchange and
the fast-growing money remittance business. The
House of Patels became a multi-million dollar
enterprise.
Patel was preparing to live a peaceful retired life,
given to golf and grandchildren, after handing over
the reins of this company to his sons.
Read more
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Magnate eyes Kingdom's potential
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Asgar S Patel, group chairman of India-based multinational House
of Patels and one of the wealthiest people in India and the
United Arab Emirates, says that when he invests in property he
takes into account a country's economic prospects and the
project's location, design and environmental features in order
to reap the maximum benefit...
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Bags Contract of Cadila
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Patel Roadways, a leading surface transport operator with a
network that spans 500 stations countrywide, and a part of Patel
Integrated Ligistics (PILL), has been selected as one of the
trusted service provider to carry out the task of transporting
Cadila`s pharmaceutical products, across India...
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RAGS TO RICHES |
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There
are few people, much less immigrants, who can recall
the days when Dubai truly was little more than a
stretch of sand. Sheikh Zayed Road was a mere two
lanes and the tallest building was a few storeys
high. The population consisted of a scattering of
people in a dusty city little known internationally.
That was until oil was discovered and thousands of
foreigners flocked to the emirate to seek the
opportunities. Among them was an ambitious
20-something-year-old Indian immigrant named Asgar
Patel.
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But what made Patel stand out in the early 1970s was
that he had already proven his independent business
acumen after building up the largest Asian transport
company at the time, Patel Roadways, despite his
age.
He arrived in Dubai with the cash needed to
kick-start his own ventures, ironically benefitting
from the earnings of his fellow Asian expats who
typically worked as low-paid labourers. Wall Street
Exchange Centre became the UAE's largest and oldest
foreign exchange and money
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transfer company and was a lifeline for many who
came to rely on Dubai to support their families back
home. Remittances from Dubai are among the highest
in the world, with nearly $13bn transferred out of
the country last year, according to UAE Exchange. Read
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UAE businessman, Asgar Patel invests in tallest Thai tower |
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AHMED RAMZAN/GULF NEWS
Indian Businessman sells Wall Street Exchange stake
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| EMIRATES POST BUYS REMAINDER OF REMITTANCE HOUSE Dubai
Indian businessman Asgar Shakoor Patel, who established the
money remittance business Wall Street Exchange Centre LLC 30
years ago, has sold his remaining 40 per cent stake ti Emirates
Post Gulf News has learnt....Read more? |
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| Wall
Street Finance starts treasury dept: |
| The Wall Street Finance Ltd has established a
central treasury department in Mumbai to manage its
foreign exchange operations across 25 branches in 21
cities in India... |
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I, Me, Myself |
| House of Patels founder
Asgar Patel started out with just a truck and a
dream. After decades of hard work and smart
planning, his business rose to dizzling heights.
Then some 10 years ago, he almost lost it all. He
tells Firday how he ground his way back to the
top...Read
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Foray into Warehousing |
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Patel Roadways aims to acquire warehousing
company or alliance with MNCs Patel Roadways Ltd
(PRL) is now planning to foray into warehousing and distribution
business. It is currently exploring the options of acquiring an
existing warehousing company or entering into a strategic
alliance with international warehousing majors. They will also
be launching 'Patel Retail' in May 2006, offering superior cargo
services at lower costs, with an objective to bridge the gap
between conventional transport and express cargo services....Read more?
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Patel Roadways to foray into third-party logistics services |
Amit Mitra
Mumbai, Oct.25 2005
PATEL Roadways Ltd, primarily engaged in road transportation, is gearing up
to expand its business canvas by foraying into full-fledged logistics
services that would involve supply chain management solutions or third party
logistics (3 PL) services.
As the first step, Patel Roadways has decided to amalgamate one of its group
companies, Patel On Board Couriers Ltd, with it.
The board of directors, at its meeting on August 29, approved the
amalgamation proposal.
As per the proposal, share holders of Patel On Board Couriers will be
allotted 23 equity shares of Rs 10 each of Patel Roadways for every 20
equity shares held.
Patel Roadways had clocked a net freight earnings of Rs 120.89 crore in the
last fiscal, while Patel On Board had notched up an income of Rs 134.39
crore during the year... Read more? |
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Strengthening the Family Business |
Areef Patel - Executive Vice Chairman
Born in a family that was already well entrenched in the freight
business, Areef Patel's association with Patel Integrated
Logistics began when he formally joined the “House of Patels” as
a director in 1992. He is the second generation to the business,
started by his father Asgar Patel in 1959. He completed his 10th
grade from Choate Rosemary Hall, USA, in 1989, thereafter
graduated in 1993 from the University
of Bombay with a major in Economics. According to him, logistics
industry in India is now coming of age and is growing at a
steady and
consistent pace. Several viable opportunities are now available
for the customers to select from, depending on the nature of the
product,
delivery time required and cost affordability.
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With some of the best things in life
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| The Road From
Nowhere |
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Patel is on of those men whose success has gone to th head of
his public relations team. While one can't grudge him his
official sidekicks, he is certainly more accessible and a few
degrees kinder than his retinue...
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| Perfecting Total
Logistics Solution |
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Mr. Areef Patel, Executive Vice Chairman is at the helm of
affairs in Patel Integrated Logistics Ltd (PILL). Young,
energetic, dynamic and flamboyant, Mr Patel is the epitome
of highly progressive and modern outlook in business and
profession. Always full of innovative ideas, Mr Patel
inspires and motivates his entire team from the front.
Eicher is proud to have PILL as a worthy partner.
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PILL offers complete logistics solutions to its customers.
Eicher is commited to provide transportation solution to PILL.
M&S met Mr Patel at his Mumbai headquarters recently. It was a
pleasant experience talking to him.
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| FIFTY : FIFTY |
Patel Integrated Logistics (PIL) (Rs.64) is the merged company
of Patel Roadways and Patel on Board Couriers (POBC). PIL
provides unified solutions through door-to-door express cargo
service,surface transport and air and sea transportation besides
offering services in warehousing and secondary distribution. Its
commitment to quality, uncanny ability to innovate and its
fierce determination to protect the business interest of its
customers gives it the cutting edge. The company is branched
into 8 products to attain leadership position in its segment.
It has entered the business of Express Cargo Deliveries only 6-9
months ago and has already, in a short period, clocked a
turnover of nearly
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Patel Retail establishes an extensive nationwide network |
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Patel Retail, the latest venture of Patel Integrated Logistics
Ltd has established a highly efficient network of cost effective
and quality cargo service in almost no time. Today just elight
months after Patel Retail was launched in selected markets,
delivery stations have quickly spread from J&K in the north to
Tamil Nadi in the south and Orissa in the east to Gujarat in the
west. |
Delivery stations
have been added to the Patel Retail network in the states of
Madhya Pradesh, Orissa, Rajasthan, Goa, Chandigarh, Jammu &
Kashmir, Punjab, Ludhiana, Jalandhar and Hoshiarpur, Haryana and
Tamil Nadu, making it into one of the most extensive retail
cargo networks in India
Patel Retail has grown from zero base to Rs 18 crore base in the
time span of just eight months Starting with a network of 188
branches...Read more? |
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All eyes on tallest Thai tower |
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INVESTMENT |
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The MahaNakhon project, Thailand's tallest tower, has generated
investor interest after a UAE-based business?man invested DhlOO
million in the project. Asgar Patel, Chairman of the House of
Patels Group, expects the project to be valued at Dh2.25 billion
on completion in 2015...Read more? |
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Arif Patel, Asgar Patel, Ali Asgar Mir and Mohammed Tariq |
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The ambience was as warm and friendly as the crowd. Asgar Patel
of Wall Street was at home to close friends to welcome his son
Arif and daughter in law Kahkashan to Dubai on a visit from
Mumbai. Spotted during the evening were Ikon`s Ali Asghar Mir
and his lovely wife Bashi. Air India`s Ratan Bali Read more? |
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| Last
Action Hero
Nearly bankrupt six years ago, Asgar Patel has rebuilt his fortune Now
flush with funds from the sale of Wall Street Exchange,
he plans to become Dubai's new construction baron
CLOSE TO the Bandra sea face, somewhere between the homes of Sanjay
Dutt, John Abraham, Shah Rukh and Salman Khan, Asgar Patel has built
himself a three storey house on a property on owned by his friend and
famed film director of yesteryears, Hrishikesh Mukherjee. The chairman
of The House of Patel dosen't stay here much - his home, for the most
part, is a four bedroom suite at the Intercontinental, Dubai - but this
week he's on a visit to see his family.
It`s only appropriate that Patel should live in the heart of Bollywood
-- after all, his life has always been the stuff of a Hindi pot-boiler.
Shunnned by his businessman father for marrying a Christian.... Read more?
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| Exchange Houses in
the UAE: |
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Technologically Advanced One of the
unusual characteristics of the employment world in the United
Arab Emirates is the high ratio of expatriate to citizens
working within businesses and industries. This has given rise to
huge amounts of money being repatriated outside the Emirates to
their country of origin. Ever since the country was formed under
the leadership of the late President of the UAE and Ruler of Abu
Dhabi, His Highness Sheikh Zayed bin Sultan AI Nahyan, exchange
houses have thrived on this factor, making it probably one of
the few countries in the world that has such a huge number of
exchange companies within... Read More?
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Premier exchange company |
HE Wall Street Exchange Centre L.L.C. is one of the largest
exchange companies in the U.A.E. operating since 1982.
Headquartered in the commercial heartland at Naif Road, Deira -
Dubai, the path of progress of this company has been phenomenal
with a total of seven branches opened in U.A.E. and yet others
being planned around the world.
Wall Street Exchange Center is considered as the market leaders
in money changing and bank note activities ever since its
inception in 1982. What merits even greater attention is that it
is involved in the buying and selling of over
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Wallstreet: |
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Wallstreet Finance Ltd, a company listed on the Bombay Stock
Exchange, has established a central treasury department in
Mumbai to manage its foreign exchange operations in 25 branches
across the country. Wall Street Finance has established an
export line to... Read more? |
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Companies should be profitable |
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Asgar Patel, founder of Patel group of companies, built up his
empire literally from the scratch.Read more? |
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Wall Street Exchange Centre wins Award for dollar clearing |
The Dubai-based Wall Street Exchange Centre has won the Deutshe
Banks Global Cash Management STP Excellence Award for US Dollars
Clearing in recognision of their excellent services.
Bernd Frlederichs. Managing Director, Global Head Sales at
Deutsche Bank AC, said: "We have created a partnership with Wall
Street Exchange Centre as they are considered to be one of the
major foreign exchange centres in the UAE and the enfire region
offering some of the be t services in the global marketplace.
Muhammad Ashraf
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"It's a peculiar thing: when you do well, everybody
becomes your friend" |
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Thailand is 25-30 percent of the cost of (operating
in] Singapore. Somy costs come down by nearly 70
percent. It's that cheap working out ofThailand."
Patel says Thailand is the quiet achiever sitting
snugly between its booming neighbours, China and
India, who have been receiving all the attention,
"The rate of growth [inThailand] remains between
five to six percent. That's a very high rate by any
standards because India itself is struggling at 5.5
percent and China at seven to 7.5 percent," he
says.Read more? |
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| Indian Roots,
Global Presence |
When Shakoor HashamPatel left the rural farmlands of Guiarat in
1917 to carve out a living in Mumbai, little did he know that he
was embarking on a momentous.journey. Foraying into con..
struction which became a huge bU$iness, he moved into the
import/export business finally concentrating on manufacturing
Faiz caps worn..
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