A visionary entrepreneur and one of the most influential figures in global retail, is the Founder and Chairman of AppCorp Holding Global. From humble beginnings in Dubai with a single store, Ved has transformed AppCorp into a multi-billion-dollar global powerhouse with a presence in 14 countries. The group’s success is anchored by its flagship company, Apparel Group, a globally recognized name operating over 2,300 stores, representing more than 85 brands, and employing a workforce exceeding 24,000 employees. Born in Mumbai, India, and raised in Oman and the UAE, Ved graduated from Boston University with a degree in Science and Business Administration. His fascination with Western fashion and retail during his travels inspired him to bring global brands to the Middle East, fulfilling a significant market gap. This vision led to the founding of Apparel Group in 1996, which now thrives in the cosmopolitan environment of Dubai, leveraging the city’s position as a global hub for commerce and innovation.
Beyond retail, Ved’s leadership extends into logistics, production, and diverse sectors such as food and beverage, healthcare, real estate, and financial services. Through ventures like Shopfit Interiors, Speedex, and Konnect Logistics, he has ensured that every facet of the business aligns with his commitment to excellence. His foresight also enabled early entry into the Indian market, establishing Apparel Group India Pvt. Ltd. in 2001. With over 246 stores and 16+ international brands like Bath & Body Works and Victoria’s Secret, the group solidified its presence in one of the world’s most dynamic markets. A firm believer in corporate social responsibility, Ved has aligned AppCorp with the United Nations Global Compact since 2015, emphasizing sustainability and community impact. Together with his wife, Sima Ved, he has built a legacy that intertwines entrepreneurial success with a commitment to societal upliftment. Through his visionary leadership, Nilesh Ved continues to inspire, shaping the retail industry in the UAE and beyond, and reinforcing Dubai’s status as a global retail epicenter.