Firoz Merchant

Last updated
Firoz Merchant
Born1958
India
NationalityIndian [1]
Occupation(s)Founder and Chairman of Pure Gold Jewellers
Known forPure Gold Jewellers

Firoz Merchant (born 1958) is an Indian businessman, and philanthropist based in the United Arab Emirates. [2] [3] [4] He is the Founder and Chairman of Pure Gold Group, which consists of FGM Holding, Pure Gold Jewellers, Pure Gold Real Estate Development, La Moda, and Pure Gold Manufacturing.

Contents

Early life

After he left Dubai, he expressed his desire to his father to move to Dubai and try his hand at the gold business, and in 1989, he moved to Dubai to set up his own gold and diamonds trading business, Pure Gold Jewellers. [5]

Philanthropy

Merchant has been involved in a number of philanthropic activities that have provided help and support for various communities. [6] [7] Merchant has contributed towards correctional institutions in order to release prisoners belonging to various nationalities jailed in the UAE. Merchant announced he will[ weasel words ][ clarification needed ] spend 1 million US dollars (3.8 million dirhams) to help free prisoners who are behind bars in UAE due to non-payment of debts. He has already paid 150,000 dirhams for the release of 132 prisoners from Ajman Central jail. [8] [9] [10]

Awards

Personal life

As of 2021, Merchant resides in Dubai with his family and spends his leisure time in horse riding. [4]

References

  1. ↑ "Businessman Firoz Merchant gets UAE permanent residency". Khaleej Times. 9 June 2019.
  2. ↑ "Dubai-based philanthropist Firoz Merchant receives 10-year visa".
  3. ↑ "Dubai-based philanthropist Firoz Merchant pays prisoners debts".
  4. 1 2 Staff Reporter (2021-11-24). "Philanthropy Leads to Success". Tech Times. Retrieved 2021-12-08.
  5. ↑ "Video: Firoz Merchant, from school dropout in Mumbai to billionaire Pure Gold owner in Dubai". gulfnews.com. Retrieved 2021-08-16.
  6. ↑ Bassma Al Jandaly, "Businessman’s help for family in need is pure gold", Gulf News, May 4, 2010. Retrieved July 24, 2011.
  7. ↑ "Fine show of generosity", Gulf News, February 25, 2010. Retrieved July 24, 2011.
  8. ↑ "Indian businessman comes to aid of prisoners in UAE". Connected To India. Retrieved September 19, 2017.
  9. ↑ Caline Malek, "Zakat Fund Abu Dhabi money frees 10 debt prisoners", The National, January 11, 2011. Retrieved July 24, 2011.
  10. ↑ Sharmila Dhal, "Indian businessman rescues prisoners in debt", Xpress, March 3, 2011. Retrieved July 24, 2011.
  11. ↑ "Firoz Merchant, Indian businessman, receives UAE's community service medal". The Financial Express. 2017-08-08. Retrieved 2021-08-16.
  12. ↑ "Indian businessman who paid $4m prisoners' debts wins community award in UAE". Arab News. 2017-08-08. Retrieved 2021-08-16.
  13. ↑ Agencies. "Firoz Merchant honoured". Khaleej Times. Retrieved 2021-08-16.
  14. ↑ Service, Tribune News. "Indian philanthropist honoured by UAE govt". Tribuneindia News Service. Retrieved 2021-08-16.
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