The 'Indian Power List', published yesterday by Arabian Business, names Ali as the most powerful Indian in the Gulf countries.
His Lulu Group has a strong presence in the Middle East's retail sector and is planning expansion in new markets.
A key reason for Ali being considered as the most powerful Indian in the Gulf is also his close proximity to the various ruling family members of GCC countries.
Lulu Group has operations in 32 countries, with staff strength of 31,000 and has reported revenues of USD 5.2 billion (Rs 33,500 crore) in 2013.