Indian businessman Ram Buxani passes away in Dubai

From the yesteryears: Ram Buxani in his office located on the Cosmos Lane of Meena Bazaar.
Image Credit: Gulf News

Dubai: Indian businessman Ram Buxani passed away in Dubai a little after midnight on Monday, his family has confirmed.

He is survived by his wife, three daughters and seven grandchildren.

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He was 83 years old, one of his daughters Chetna Shastri told Gulf News.

Chairman of the ITL Cosmos Group, a highly diversified business group which is into distribution, indenting, retail, and manufacturing, Buxani was one of the earliest Indians to have settled in Dubai.

A resident for over six decades, he played a key role in the ITL Cosmos Group. Rising from being an office assistant in 1959, he steered its growth into a highly diversified business conglomerate with an emphatic presence in distribution, indenting, retail and manufacturing.

A prominent community leader, he was the Founder-Chairman of the Overseas Indians Economic Forum, a Non-Resident Indian (NRI) organisation which subsequently merged with the Indian Business and Professional Council in 2003.

Ram Buxani’s success journey