The chairman of Regal Group could not have imagined his family cotton business would expand to a multi-million dollar empire, but Vasu Shroff’s venture into textiles, technology and real estate has secured him a place among the region’s top family businesses. He took advantage of bilateral trade between the UAE and India at a time when Shroff says Indian rupees and coins were still being used in the Gulf country.
The retail tycoon launched the company’s first retail chain outlet in Dubai in the 1960s, but has since established several subsidiaries, including one that saw him partner with channels such as OSN and Al Jazeera as their distributor.