Dr. Ram Buxani, the chairman of ITL Cosmos Group, passed away in Dubai at the age of 83. Despite arriving in the UAE with only five rupees in his pocket at the age of 18, he managed to build his empire into a billion-dirham company through hard work and dedication. Not only was he a successful entrepreneur, but he was also a philanthropist and community leader who dedicated his time and money to charitable works across the Emirates and abroad. Dr. Buxani was among the first businessmen in the UAE to be granted the Golden Visa in 2019, showcasing his significant contributions to the country.
Starting from a middle-rank position in ITL Cosmos Group, Dr. Buxani worked his way up to become the chairman. Under his leadership, the group expanded aggressively into various sectors such as hospitality, IT, F&B, and other areas across the Emirates. His journey of over six decades in Dubai allowed him to witness the city’s growth and transformation from a desert to a technological hub. Dr. Buxani played a crucial role in connecting and boosting trade relations between the UAE and India, further solidifying his legacy as a successful businessman and community leader.
Aside from his business endeavors, Dr. Buxani was involved in various charitable works and organizations. Some of his contributions include a substantial donation to earthquake victims in Gujarat, serving as a board member of Al Noor Training Centre for Persons with Disabilities, and founding the Indian Business and Professional Council. He also held essential positions in organizations such as the India Club and Indian High School, showcasing his dedication to giving back to the community.
Dr. Buxani’s close friend, Suresh Kumar, described him as a complete person who cared deeply for his family, business, and the professional community. He left behind a wife and three daughters and was known to embrace a wider family that included friends, Emirati and Indian communities. His contributions to various sectors and his impact on the community have left a lasting legacy that will be remembered by many.
Paras Shahadadpuri, chairman of Nikai Group, expressed his shock and deep sadness at Dr. Buxani’s untimely demise. He highlighted Dr. Buxani’s role in creating the Overseas Indians Economic Forum and their collaboration in promoting economic growth between India and the UAE. Shahadadpuri praised Dr. Buxani’s leadership, business acumen, and versatility, emphasizing the loss of a great personal friend and pride of the community.
In his biography, ‘Taking the High Road,’ Dr. Buxani shared his journey and offered advice to aspiring entrepreneurs. He emphasized the importance of exploring and soaring like a bird, rather than being confined like an elephant. Dr. Buxani believed in a combination of effort and destiny, acknowledging that luck plays a role in one’s fortunes. His inspirational story and wise words continue to resonate with those looking to navigate the complexities of the modern business world.
