Faizal E. Kottikollon named in Entrepreneur Middle East 100 NRIs
Dubai: UAE-based Indian entrepreneur and philanthropist Faizal E. Kottikollon, founder and chairman of KEF Holdings, has been named among the top 100 Non-Resident Indians (NRIs) of the year by Entrepreneur Middle East.
The annual list recognises prominent NRI entrepreneurs across diverse industries, highlighting leaders who have made significant business and social contributions globally.
Born to P.K. Ahmed, founder of Kozhikode-based Peekay Steel, Faizal E. Kottikollon has built a diversified business empire spanning infrastructure, healthcare, technology, and sustainable investments.
KEF Holdings, established in 1995 with Al Ahamadi General Trading in Ajman, UAE, expanded into world-class foundries, valve trading through JC Middle East, and Emirates Techno Casting (ETC), an integrated engineering and R&D facility rated among the top three technologically advanced foundries globally.
In 2012, Tyco International acquired the business for USD 400 million, paving the way for KEF Holdings’ two verticals – KEF Investments and KEF Infra. KEF Investments focuses on low-risk, high-income global opportunities, while KEF Infra has executed strategic projects including a 2018 merger with Menlo Park-based Katerra, revolutionizing construction and design.
Faizal currently serves on the board of Sharjah Research, Technology, and Innovation Park (appointed 2023) and chairs the UAE Chapter of the UAE-India Business Council. Under his leadership, KEF Holdings invests in innovative, sustainable solutions aimed at benefiting society.
Alongside Faizal, his wife Shabana Faizal, originally from Mangaluru, Karnataka, plays a pivotal role in business and philanthropy.
Shabana is the daughter of the late B. Ahmed Haji Mohiudeen, founder of the BA Group of Businesses in Thumbay near Mangaluru.
She holds a degree in psychology from St. Agnes College and a diploma in fashion design and merchandising from the National Institute of Fashion Design, Dubai.
Shabana has been recognised as one of India’s top philanthropists, ranking among the youngest women in the top 10 of the EdelGive Hurun India Philanthropy List 2025, having donated Rs 40 crore through the Faizal & Shabana Foundation.
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The couple co-founded the Faizal & Shabana Foundation in 2007, officially incorporated in India in 2012, with the motto “Giving to Create Impact.” The foundation focuses on education, youth development, healthcare, community outreach, regenerative development, humanitarian aid, and the arts. Faizal & Shabana Foundation has contributed more than INR 340 million ($4.5 million) toward renovating schools in Kerala, Karnataka, and Tamil Nadu, creating prefabricated classrooms to quickly replace crumbling infrastructure.
The Nadakkavu School in Kozhikode, restored in 2013 with Faizal & Shabana Foundation funding of INR 180 million (2.4 million dollars), became a model for school renovation nationwide, now influencing nearly 1,000 schools and benefiting over 300,000 students. Faizal & Shabana Foundation initiatives extend to Krishnagiri district in Tamil Nadu, supporting 5,000 residents through education, vocational training, organic farming, and community development.
Faizal emphasizes education equality as central to his philanthropy, stating, “Government schools are typically in a bad situation because they haven’t been properly maintained due to a lack of funding. Around 90 percent of India’s kids go to these schools, and that’s where inequality starts.”
The foundation also responds to emergencies, including floods in Kerala, Chennai, Kashmir, Haiti, and repatriation and food relief for Indians stranded in the UAE during the COVID-19 pandemic.
Faizal & Shabana Foundation initiatives further include a scholarship endowment at the University of Sharjah and a proposed Dhs10 million ($2.72 million) medical research grant for the UAE’s Al Jalila Foundation.
The couple has also contributed to the healthcare sector, with KKR acquiring a majority stake in Meitra Hospital, a premium Kozhikode-based institution founded by Faizal.
Both Faizal and Shabana signed the 2022 Responsible Tourism Charter at London’s Magna Carta Island, joined by their youngest daughter, Czarina, who became the youngest person globally to sign the charter.
In addition to philanthropy, Faizal and Shabana lead KEF Holdings’ upcoming initiatives, including the Tulah Clinical Wellness Sanctuary in Chelembra near Kozhikode Airport, set to open in April 2025.
Spread across 30 acres with an investment of Rs 1,000 crore, Tulah integrates Ayurveda, Chinese and Tibetan medicine, yoga, meditation, sports rehabilitation, and genome-based treatments, aiming to redefine global wellness.
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Inappropriate for MLAs seeking free IPL tickets, says D.K. Suresh
Bengaluru: Bengaluru Milk Union Ltd President D.K. Suresh on Monday said it is inappropriate for MLAs to seek free IPL tickets, adding that those interested in watching matches should pay for them personally.
Speaking to reporters near his residence in Sadashivanagar, he said, “IPL is a commercial tournament and does not represent the country. It is not right for public representatives to focus too much on such matters.”
Referring to the recent controversy during the RCB celebrations, he said, “let us find out who benefited the most from the statements made during the incident.” He also pointed out that BJP MLAs had received IPL tickets as well.
Responding to discussions about relocating the Chinnaswamy Stadium, Suresh said the government has already approved the construction of a new stadium at a location he had proposed.
“I had suggested building a stadium in Surya City and submitted a proposal for it. Bengaluru needs four stadiums in four directions to cater to its growing population and encourage youth participation in sports,” he said.
He noted that apart from Kanteerava Stadium, KSCA, and the Football Stadium, there are limited facilities in the city.
“When I was a Lok Sabha member, I had proposed allocating 100 acres in my constituency at Surya City. The land was later earmarked and the plan approved,” he added.
Suresh said he has discussed the project with Minister Zameer Ahmed Khan, Rajiv Gandhi Housing Corporation Chairman Shivalingegowda, and Anekal MLA Shivanna.
“The Cabinet has now approved the project, and a stadium will be developed on around 50–60 acres,” he said.
He further added that he has requested the Deputy Chief Minister to build another stadium at Shivarama Karanth Layout through the BDA, where 40 acres have been allocated. Plans are also being discussed to develop a well-equipped stadium in Bidadi.
Commending state government's recent bilingual policy move, Suresh said forcing children to learn three languages could affect their comprehension.
“It is a good decision to make two languages compulsory. Learning a third language should be left to the choice of students and parents,” he said.
Responding to criticism from BJP leaders, he said their tendency is to oppose every decision of the government.
“To please their central leadership, they take a pro-Hindi stance. Instead, they should advocate for the adoption of Kannada in all states,” he said.
When asked about the earlier three-language policy under Congress, he said, “the situation is different now. Today, the focus should be on quality learning. Kannada should remain the primary language, while students and parents can choose an additional language.”
