ITL Cosmos Group Chairman Dr. Ram Buxani Passes Away at 83
Dr. Ram Buxani, the esteemed chairman of ITL Cosmos Group, passed away in Dubai on Sunday at the age of 83. Arriving in the UAE at just 18 years old with only five rupees in his pocket, Dr. Buxani built a billion-dirham empire through relentless dedication and hard work.
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Rise to Prominence
Dr. Buxani's journey began in November 1959 when he arrived in the UAE by ship. Starting in a middle-rank position at ITL Cosmos Group, he gradually climbed the corporate ladder, eventually becoming the chairman. Under his leadership, the company expanded into various sectors, including hospitality, IT, and food and beverage.
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Community Leader and Philanthropist
Beyond his business success, Dr. Buxani was known for his philanthropic efforts. He contributed significantly to various charitable causes in the Emirates and abroad. Notable contributions include a Rs6 million donation to Gujarat earthquake victims in 2011 and his role as a board member of the Al Noor Training Centre for Persons with Disabilities. He also served as president of the Rotary Club of Jumeirah in Dubai and was a permanent trustee of the Indian Institute of Sindhology, Adipur.
Influence and Impact
Dr. Buxani was instrumental in fostering strong economic ties between the UAE and India. He was among the first businessmen in the UAE to receive the Golden Visa in 2019, recognizing his significant contributions to the country. His deep understanding of Dubai's growth over six decades made him a pivotal figure in the business community.
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Leadership Roles
Dr. Buxani held various prestigious positions throughout his life. He was a founder and chairman of the Indian Business and Professional Council (IBPC), a member of the India Club, and chairman of the Indian High School. His leadership extended to being a director at Chinmaya International Residential School in Coimbatore and founder chairman of the Overseas Indians Economic Forum (UAE).
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Dr. Ram Buxani's passing marks the end of an era, but his legacy of business acumen, community service, and philanthropy will continue to inspire future generations.