Dr Ram Buxani has a plethora of accomplishments under his belt
ITL Cosmos, a diverse global business entity that has a proven track record in consumer electronics retail, information technology, textiles and banking, has an iconic footprint in the United Arab Emirates. One of the first companies to start retail operations and subsequent distribution in the UAE – is the story of a journey from humble beginnings to modest and unassuming success. In 1953, almost two decades before the formation of the United Arab Emirates, the group was among the first to start operations and in 1960 opened a department store in the region. Even as it faced the usual and perhaps inevitable setbacks of start-ups, management neither diminished nor diluted its resolve and determination. It should be mentioned that such setbacks were then unimaginable for most of us today, due to the lack of basic infrastructure, reliable electricity and clean water supply – things that are today. taken for granted and are indeed guaranteed.
ITL stands firm in its commitment to providing and nurturing a market for consumer electronics and home appliances that meets the needs, concerns and details of every consumer. The Group is not only an illustration of institutionalized excellence in business management, marketing and distribution, it also remains a pioneer and initiator of much of the region’s potential and possibilities. The group attributes its constant and unwavering hold over its goals and trajectory to its committed and dedicated leadership, which has always been a symbol of motivation and support and a beacon of light, as the tunnel was traversed.
It is rare that we stand out with flawless consistency and unparalleled modesty; and yet fewer take majestic steps into the future with their feet firmly anchored in the past. Dr Ram Buxani, President of ITL-Cosmos Group, stands out and rightly deserves it. A visionary entrepreneur, a base of social and ethical support, a community spokesperson, a caring family member, a philanthropist, a stage actor, a writer, even an established example, Dr. Buxani is all this and more. Again.
ITL Cosmos is one of Sharp’s premier distributors around the world and this relationship has remained a cohesive and mutually beneficial relationship with Sharp – one of the world’s most renowned brands and has been consistently listed in the top five global brands. most powerful electronics for many years. ITL Cosmos and Sharp have worked together to create a large, engaged and competitive customer base in the United Arab Emirates.
Dr Buxani is also President of Veeram International Ltd. BVI; Veeram International Ltd, Dubai; ITL Group Ltd, BVI; and Cosmos General Trading LLC, Dubai. He is chairman of Al Razouki International Exchange Co., Dubai. Dr Buxani also sits on the board of directors of IndusInd International Holdings Ltd., Mauritius, among the early promoters of IndusInd Bank Ltd. in India and was its director for eight years.
Its market foresight and global possibilities and manifestations are indeed commendable. He fondly recalls his experiences some 50 years ago at the World’s Fair in Osaka, Japan and later in Seville, Spain, when they were officially known as International Recorded Exhibitions. and prepared themselves as a global gathering of dedicated nations to find solutions to pressing contemporary challenges. by offering a journey within a universal theme through engaging and immersive activities. The Expo was then a gateway allowing countries to familiarize themselves with the cultures, values and worlds of life of others. Commenting on Dubai Expo 2020, Dr Buxani said: “UAE leaders have revolutionized Expo, turning it into a ‘local’ event, where countries participated to learn about cultures, values and life worlds of other people, for the expression of a global economic market, meeting place.
As a community leader, he remains a prominent spokesperson for NRIs in the Gulf, Dr Buxani is the founding chair of the Overseas Indians Economic Forum (UAE) established in 1987, a leading NRI entity in the region until its merger. with Indian Business and Professional Consulting in 2003. He has played a proactive role in bridging the gap between the Government of India and NRIs. The abolition of inheritance tax in India is the result of his committed efforts. His contributions as social and ethical support and as a philanthropist are evident in his commendable contributions to organizing temporary shelters for NRIs fleeing the electronic route from Kuwait to India.
In 2003, Dr. Buxani unveiled his critically acclaimed autobiography, “Taking the High Road”. The book is a living testimony of life made. It has been translated into Arabic, Sindhi, Gujarati, Hindi, Urdu, Marathi, and Malayalam. He is the recipient of several awards and distinctions, including the coveted Man of the Year Award from Bharat Ratna, an English magazine published from Hong Kong in 1992, the Indian President’s Shield in 1983; Jhulelal Prize of the International Sindhi Panchayats Federation, Mumbai in 1987; Shiromani Prize in 1987; and the Udyog Ratan Prize in 1987.
ITL Cosmos is a brand, a story in itself, firmly committed to the aspirations and ideas of the people and leadership of the United Arab Emirates – a destiny for the future.