Muslim-Founded Companies in India: Who They Are

Muslim-Founded Companies in India

Many large Indian companies were founded or are led by Muslim entrepreneurs. The list below covers companies whose founding history we could confirm. Financial figures are not included, because they change quarterly and we have not verified them against current filings.

How we define “Muslim-founded”: the company was founded by, or is led by, a person who is publicly identified as Muslim. Ownership may be shared, and some companies are publicly listed.

The companies

• Wipro (Azim Premji): an IT services company. It began as a cooking oil business in Amalner, Maharashtra. Azim Premji took over as chairman after his father’s death in 1966, when he was 21.
• LuLu Group International (Yusuff Ali M.A.): a retail and hospitality group operating hypermarkets and malls across the Gulf, South Asia, and other markets.
• Cipla (Khwaja Abdul Hamied): a pharmaceutical company founded in 1935. In 2001 it offered antiretroviral drugs at a sharply reduced price, which drew wide attention to HIV/AIDS treatment in developing countries.
• Prestige Group (Razack Sattar; led by Irfan Razack): a real estate developer based in Bengaluru, founded by Razack Sattar.
• Metro Brands (Rafique A. Malik): a footwear retailer that operates brands including Metro Shoes and Mochi.
• Himalaya Wellness (Mohammed Manal): founded as Himalaya Drug Company in Dehradun in 1930, known for Ayurvedic and herbal products.
• Hamdard Laboratories (India): known for Rooh Afza, a rose-flavoured drink popular during Ramadan.
• Allana Group (Feroz Allana): a food processing and exports group, including halal meat.
• Aster DM Healthcare (Dr Azad Moopen): a hospital and pharmacy network in India and the Gulf.
• iD Fresh Food (P.C. Musthafa, co-founder): a ready-to-cook food brand, founded in 2005.

Where to check current information

• Company annual reports and stock exchange filings for listed companies.
• Company websites for current leadership and ownership.

Last checked: October 15, 2026. Founding dates and leadership are as reported in company and press sources; we have not re-verified each one.

Related reading: What is a Halal Economy? | Top 10 Richest Muslims in the World (2026 Forbes Data) | 10 Most Successful Muslim Entrepreneurs in the World (2026)

Frequently asked questions

What does Muslim-founded mean on this list?

A company counts if it was founded by, or is led by, a person publicly identified as Muslim. Ownership may be shared, and some companies are publicly listed.

Why are financial figures not included?

Financial figures change quarterly, and we have not verified them against current filings. Check annual reports and stock exchange filings for current numbers.

Which companies are on the list?

The list includes Wipro, LuLu Group International, Cipla, Prestige Group, Metro Brands, Himalaya Wellness, Hamdard Laboratories, Allana Group, Aster DM Healthcare and iD Fresh Food.