Nesto Group

Last updated
Nesto Group International
Type Limited liability company
Industry Retail
Founded1999;24 years ago (1999)
FounderK. P. Basheer
Headquarters,
UAE
Number of locations
100+ stores
Area served
Key people
  • K. P. Basheer
    (Founder & Group Chairman)
  • Siddique Pallolathil
    (Co-Founder, Managing Director)
  • K. P. Jamal
    (Co-Founder, Managing Director)
Website www.nestogroup.com

Nesto Group International is a multinational retail chain incorporated by Western International Group [1] that operates a chain of hypermarkets and supermarkets (Nesto Hypermarket, Nesto Center) headquartered in Sharjah, UAE. [2]

Contents

It was founded in 1999 by K. P. Basheer, Chairman of Western International Group [3] in the United Arab Emirates and is led by Managing Directors Siddique Pallolathil, [4] K. P. Jamal, [5] and Directors K. P. Nawas, K. P. Noufal, K. P. Fayiz, and K. P. Athif.  

The company has 119 [6] [7] outlets operating hypermarkets, supermarkets and convenience stores across the Middle East and India while employing people of various nationalities.

The largest hypermarket of Nesto Group is situated in Deira, Dubai [8] with a 350,000 sqft area. [9]

Divisions

Nesto Hypermarkets

Hypermarkets can go up to 3 levels and provides Electronics, home décor, fashion, baby care, lifestyle, fresh produce, daily essentials and International equipments.

Nesto Supermarkets

Supermarkets can be up to 2 levels and cater fresh produce, groceries, and other household essentials.

Nesto Center

A type of convenience store and is primarily engaged in the retail of food products which maybe fresh or packaged.

Nesto Ecommerce (Nesto Online)

An online platform dealing with groceries, fresh produce, meat products and other household essentials.

Nesto Private Label

Nesto Group has more than 100+ private label products.[ citation needed ]

Nesto Distribution Center FZCO

The warehouse is located in National Industrial Park, Dubai. It has about 500,000 square feet facility to integrate multi-level functions and operations.

The Distribution Center has 35 loading bays, pneumatic dock shelters and distributes to all Nesto outlets across the United Arab Emirates, Oman and Bahrain.

Foodbook Restaurant [10]

Foodbook is a multi-cuisine restaurant and is located in Al Rashidiya, Ajman and Muwaileh, Sharjah.

Nesto Central Kitchen

This facility is located in Ajman and supplies cooked food items across all Nesto outlets in UAE.

Nesto Bakery

Nesto Bakery is located in Ajman and supplies breads, cakes and other baked food.

Operating countries

CountryNo of outlets
United Arab Emirates46
Saudi Arabia16
Bahrain15
Kuwait18
Oman16
India8

Related Research Articles

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<span class="mw-page-title-main">Emirate of Ajman</span> Emirate, one of the constituents of the United Arab Emirates

The Emirate of Ajman is one of the seven emirates of the United Arab Emirates. It joined the United Arab Emirates federation on December 2, 1971. It has an area of 259 square kilometers, which makes it the smallest of the emirates in terms of area, while its population of approximately 504,846 in 2017 according to the Federal Competitiveness and Statistics Center makes it the fourth most populous emirate in the country. It is named after the city of Ajman, which is its seat of government. The main landmass of the emirate is a semi-enclave, surrounded on the north, east, and south by the Emirate of Sharjah.

<span class="mw-page-title-main">Grocery store</span> Retail store that primarily sells food and other household supplies

A grocery store (AE), grocery shop (BE) or simply grocery is a foodservice retail store that primarily retails a general range of food products, which may be fresh or packaged. In everyday U.S. usage, however, "grocery store" is a synonym for supermarket, and is not used to refer to other types of stores that sell groceries. In the UK, shops that sell food are distinguished as grocers or grocery shops.

<span class="mw-page-title-main">Sharjah</span> Capital of the Emirate of Sharjah, United Arab Emirates

Sharjah is the third-most populous city in the United Arab Emirates, after Dubai and Abu Dhabi. It is the capital of the Emirate of Sharjah and forms part of the Dubai-Sharjah-Ajman metropolitan area.

<span class="mw-page-title-main">City Centre Deira</span> Shopping mall in Dubai, United Arab Emirates

City Centre Deira is a mall located in Dubai, United Arab Emirates, and is the original flagship mall in the Majid Al Futtaim Properties portfolio.

<span class="mw-page-title-main">Dubai Gold Souk</span> Marketplace in Dubai specifically for gold

Dubai Gold Souk or Gold Souk, is a traditional market in Dubai, UAE. The souk is located in Dubai's commercial business district in Deira, in the locality of Al Ras. The souk consists of over 380 retailers, most of whom are jewelry traders.

<span class="mw-page-title-main">LuLu Group International</span> Emirati multinational conglomerate

LuLu Group International is an Emirati-based multinational conglomerate company that operates a chain of hypermarkets and retail companies, headquartered in Abu Dhabi, United Arab Emirates. It was founded in 2000 by M. A. Yusuff Ali from Nattika in Kerala, India. The Group mainly operates "Lulu Hypermarket", a chain of hypermarkets that ranks among the top grocers in many of the markets it operates in. LuLu has over 65,000 employees of various nationalities.

<span class="mw-page-title-main">M. A. Yusuff Ali</span> Indian businessman (born 1955)

Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali, is Indian businessman and billionaire. He is the chairman and managing director of LuLu Group International, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. With an annual turnover of US$8.4 billion, LuLu Group International employs the largest number of Indians outside India. According to Forbes Middle East, Yusuff Ali was ranked No. 1 in Top 100 Indian business owners in the Arab World 2018. As per Forbes billionaires list published in October 2023, he was ranked 27th richest Indian with net worth of US$6.9 billion.

<span class="mw-page-title-main">Thumbay Hospital</span> Hospital in United Arab Emirates, India

Thumbay Hospital is a network of academic hospitals based in the UAE. They are Academic Health Centers of the Gulf Medical University (GMU) Academic Health System. Thumbay Hospitals are located in Dubai, Ajman, Sharjah and Fujairah, in addition to Hyderabad-India. The hospital chain is owned by Thumbay Group.

<span class="mw-page-title-main">Mushrif Mall</span> Shopping mall in Abu Dhabi, United Arab Emirates

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<span class="mw-page-title-main">Zo & Mo Opticals</span> Chain of optical shops

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Thumbay Clinic is a network of family clinics across the UAE, owned by Thumbay Group. It is affiliated to the Gulf Medical University (GMU) in Ajman, UAE and provides training and research avenues to GMU students.

City Centre Ajman is a shopping mall in the emirate of Ajman, United Arab Emirates (UAE), which is owned and operated by Majid Al Futtaim. With 34,000 m2 (370,000 sq ft) of retail space and 10.5 million yearly visitors, it is the largest mall in the emirate. It is located on Al Ittihad Street (E11), in the district of Al Jurf, off Sheikh Khalifa Interchange and north of Sheikh Maktoum Bin Rashid Road. The mall has 79 international and local brands including Ajman's Carrefour hypermarket, VOX Cinemas, Magic Planet along with 18 dining outlets.

<span class="mw-page-title-main">Bassma Al Jandaly</span> Russian-Syrian journalist covering the UAE

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References

  1. Shabbir, Ahsan. "K P Basheer". Forbes Lists. Retrieved 2021-07-13.
  2. "Nesto Group - Overview, Competitors, and Employees". Apollo.io. Retrieved 2021-07-01.
  3. "Geepas idea blossomed in Dubai". gulfnews.com. Retrieved 2021-07-13.
  4. "Ajman businessman Siddique Pallolathil receives golden card visa". The National. 10 July 2019. Retrieved 2021-07-01.
  5. "Nesto Group inaugurates its largest hypermarket of the region in Deira". gulfnews.com. Retrieved 2021-07-13.
  6. "നെസ്റ്റോ ഗ്രൂപ്പിന്റെ 94–ാമത്തെ ഹൈപ്പർ മാർക്കറ്റ് അൽ ഫാഹിദി സൂഖിൽ പ്രവർത്തനമാരംഭിച്ചു". ManoramaOnline (in Malayalam). Retrieved 2021-08-03.
  7. "Nesto Group opens 92nd hypermarket in Dubai – Al Nahda". gulfnews.com. Retrieved 2021-07-01.
  8. "Nesto Group inaugurates its largest hypermarket of the region in Deira". www.msn.com. Retrieved 2021-07-13.
  9. "Nesto Group inaugurates its largest hypermarket of the region in Deira". gulfnews.com. Retrieved 2021-07-01.
  10. "Foodbook Restaurant". foodbookrestaurant.com. Retrieved 2021-07-01.