Prabin Thomas is a businessman from Kerala and runs a networking business that sells IT products. He won the prize with ticket number 0471, Khaleej Times reported.
Mr Thomas says he has never won anything before, even though he regularly bought tickets in India. He decided to try his luck with the Millennium Millionaire promotion and purchased his first ticket online.
"I will expand my networking business and probably start a small software company," he said after winning the prize.
Another Indian based in Dubai won a motorbike in the same draw.
A couple weeks back, Indian mechanic Pinto Paul Thommana based in Sharjah won the $1 million prize in the same draw held at the Dubai International Airport. He is also from Kerala.
25-year-old Dhaneesh Kotharamban, an electrician from Kerala, also won the whopping $1 million lottery a couple weeks before Mr Varughese.
Prabin Thomas is one of the many Indian nationals to win the $1 million (Dirhams 3.67 million) since the inception of the Dubai Duty Free draw in 1999. More than a 100 Indians have won the draw since 1999.
(With PTI inputs)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.