Indian-origin billionaire Mukesh Wadhumal Jagtiani, popularly known as “Micky Jagtiani,” has sadly passed away at the age of 70. The founder and chairman of the Landmark business group, Jagtiani expanded his empire across the Gulf region. His demise was attributed to age-related issues. Ranked 511 on Forbes’ 37th annual world’s billionaires list, Jagtiani’s passing marks the end of an era for the Landmark Group and the business community at large.
Jagtiani, a visionary entrepreneur, built an impressive business empire that spanned various sectors. The Landmark Group, under his astute leadership, became a prominent player in the retail, hospitality, and leisure industries. The company, established in Bahrain in 1973, achieved remarkable growth over the years, expanding its presence across the Gulf Cooperation Council (GCC) countries, as well as India, Egypt, and Turkey.
The Landmark Group is widely recognized for its popular retail brands, including Centrepoint, Babyshop, Splash, Shoe Mart, and Lifestyle. With over 2,400 stores and a strong e-commerce presence, the group has become a household name in the region, catering to diverse consumer needs.
Jagtiani’s entrepreneurial journey began with a single store in Bahrain, which gradually evolved into a successful chain of baby products. Leveraging his keen business acumen, he diversified the Landmark Group’s offerings, catering to various demographics and consumer preferences. The company’s commitment to delivering quality products at affordable prices made it a trusted choice for millions of customers.
Beyond business success, Jagtiani was known for his philanthropic endeavors. He established the Landmark Group’s charity arm, the Landmark International Foundation for Empowerment (LIFE), which aimed to improve the lives of marginalized communities. Through LIFE, he supported numerous initiatives focused on education, healthcare, and vocational training.
Jagtiani’s entrepreneurial achievements and philanthropic contributions garnered him widespread recognition. He was a recipient of numerous accolades and awards, including the Forbes Lifetime Achievement Award for his significant contributions to the retail industry.
Following the news of his passing, tributes poured in from across the business community, highlighting Jagtiani’s immense impact and his legacy as a visionary leader. His passing leaves a void in the retail industry, where his innovative strategies and relentless pursuit of excellence inspired many.
The Landmark Group, in an official statement, expressed deep sorrow at the loss of their beloved chairman and owner. They emphasized that Jagtiani passed away peacefully, surrounded by his loving family. As the Landmark Group navigates this period of grief, it remains committed to upholding Jagtiani’s vision and continuing the growth and success of the business.
Jagtiani’s entrepreneurial journey and his remarkable legacy will continue to inspire generations to come. His visionary leadership and philanthropic contributions have left an indelible mark on the business landscape and society as a whole. The Landmark Group and the wider community mourn the loss of a true industry titan and extend their heartfelt condolences to his family, friends, and colleagues during this difficult time.
