Owner of the biggest house in Kerala, NRI petroleum refiner Joy Arakkal dies



Joy Arakkal, the owner of the biggest house in Kerala, the Arakkal Palace in Waynad district passed away in Dubai on Thursday, due to a fatal heart attack said people close to him. He was the managing director of Dubai-headquartered Innova Refining and Trading FZE.

Hailing from the farming community of Varayal near Mananthavady, Arakkal did his studies by working part-time and went on trying his luck in the Middle East. His firm in the UAE, Innova Refining and Trading, is engaged in trading and reprocessing of petroleum and petrochemical products. Arakkal’s firm has refineries in Sharjah and Ras al Khaimah in the UAE and Dammam in Saudi Arabia and had been supplying lubricants to automobiles, industries and ships. It also got terminal operations – storage and handling of bulk cargo to be transported by road tanks and ships – with four storage facilities Sharjah, Dubai and Dammam.

In India, Arakkal is on the board of 11 companies and had been very active in charitable activities. “Along with Aster DM Foundation, Arakkal was setting up houses for 25 flood-affected families at Thalappuzha in Wayanad,” said Basheer Kadavath, a manager with Arakkal’s firm in Wayanad. “He took 40% shares and served as a director of Wam Tea, a company the CST priests had promoted to help 500 small tea growers of Wayanad. He also had plans to set up a large poultry farming project for the needy people of the area,” said Fr Joshy Valiplackal. Due to COVID lockdown, the family is trying to get permissions to bring the body to Wayanad. Arakkal is survived by wife Celine Joy and children Arun Joy and Ashley Joy.