LuLu Mall Lucknow: A big news is coming from Lucknow, the capital of Uttar Pradesh. The bank account of Lulu Mall located in Lucknow has been seized. The Income Tax Department has taken this major action against Lulu Mall. According to information received from sources, there is an outstanding tax of about Rs 27 crore on Lulu Mall of Lucknow, which was not paid on time. Due to Lulu Mall not paying taxes on time, the Income Tax Department took strict action and seized its bank account.
The founder and chairman of the UAE based company is M.A. Yusuf Ali
Let us tell you that UAE based company Lulu Group International operates hypermarkets and retail chains in many countries of the world including India. Born in Kerala, M.A. Yusuf Ali is the founder and chairman of Lulu Group. Lulu Group has a total of 8 malls in India and out of 8, 5 malls are in Kerala only. These malls are in Thiruvananthapuram, Kochi, Palakkad, Kozhikode and Kottayam of Kerala, apart from Bengaluru of Karnataka, Lucknow of UP, Hyderabad of Telangana. Lulu Group operates its malls under the name of Hypermarket. Apart from hypermarkets, Lulu Group also operates several retail stores.
Company planning expansion in many cities including Nagpur, Ahmedabad
Lulu Group had informed about its business expansion plans in February this year. As part of the expansion, Lulu Group is working on a new project in Nagpur, Maharashtra. Lulu Group Chairman M.A. Yusuf Ali had said that he is in the initial stages of planning his expansion in many cities including Visakhapatnam in Andhra Pradesh and Ahmedabad in Gujarat. Lulu Mall to be built in Ahmedabad will be one of the largest shopping malls in the city.
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