33:
239:(NMC) in 1975 to fill the need for personalized, cost-effective healthcare accessible to all. At that time, his wife was the only doctor in the clinic. NMC is now the largest private healthcare provider in the UAE with over four million patients annually across 45 facilities spread over 12 cities and 8 countries, including
392:
B.R. Shetty was an activist of the erstwhile Jan Sangh, the predecessor to the BJP before he went to the UAE. Shetty had played a key role in organizing a visit of Modi to Abu Dhabi. Shetty has invested in a medical institution in the north Indian state of
Uttarakhand. He is the founder and patron of
190:
due to corporate governance concerns and a share price in freefall. Due to sharp drops in share prices, and shares pledged by Shetty to pay for debts incurred, it is believed that his net worth has fallen to a fraction of the earlier estimate of $ 3.5 billion. Consequently, Forbes dropped Shetty from
310:
in Abu Dhabi, Neopharma is centered on using the concept of modular manufacturing following global benchmarks in manufacturing technology and putting in place efficient control mechanisms. Neopharma has a research and development wing and works to provide quality medicines at affordable prices. The
286:
from its founder Daniel
Varghese in 1980 with the help of an Emirati and a former UAE Minister of Justice, Abdulla Humaid Al Mazroei. UAE Exchange was founded by Daniel Varghese in an attempt to ease the process of sending money by the expats to their families in their respective home countries. By
194:
On 15 April 2020, Abu Dhabi
Commercial Bank filed a criminal complaint against NMC Health with the Attorney General's Office of UAE. Now, Indian agencies have initiated probe to identify potential risks to Indian banks, if any. On 27 April 2020, the Central Bank of UAE ordered the freezing of his
406:
In August 2015, Shetty was elected as the chairman to the board of directors of UAE Exchange. He was named chairman of The Indian
Business/Professional Group in June 2016. Sheikh Mohammed bin Rashid al Maktoum nominated Shetty as a member of the UAE medical council in September 2016.
349:. That same month, he was elected to be chairman of the Indian Business/Professional Group. In August 2016, Shetty announced that he was building a 400-bed super-specialty hospital in Udupi in Karnataka through B R S Ventures. Shetty also owned a hospital in
1153:
1524:
1354:
393:
the Indian
Pharmaceutical Association in the Emirates and is a member of the Advisory Board (Financial Sector), Economic Department, Government of Dubai, UAE, and the Pharmaceutical Committee, Dubai. He was the chairman of
291:, a major foreign exchange company, in 2014. Travelex has a global footprint including 1500 stores and 1300 ATMs across 27 countries. In December 2020 it was announced that Shetty had agreed to sell his majority stake in
1416:
279:. Consequent to the request from the NMC board of directors and an on-going investigation of potential financial irregularities, the company was de-listed from London Stock Exchange and was removed from FTSE 100 index.
1446:
659:
397:, Abu Dhabi Indian School-Branch 1, Al Wathba, and Bright Riders School till 2019. His position in Abu Dhabi Indian School and Abu Dhabi Indian School-Branch 1, Al Wathba was taken up by the UAE-based Indian
542:
1650:
486:
969:
173:
In 1975, Shetty's interest was in hospitals and hospitality but he then diversified into pharmaceuticals, financial services, retail, advertising, and information technology. He was included on the
287:
2016, it had expanded into over 31 countries and had approximately 800 direct offices. In 2014, it did over US$ 50 billion collectively in money remittance and exchange volumes. Shetty acquired
1324:
1175:
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1000:
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685:
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880:
1420:
824:
442:, the Crown Prince of Abu Dhabi, the first year the distinction was awarded. Also in 2005, U.S. India Friendship Society presented Shetty the Distinguished Entrepreneur Award.
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382:
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271:. It is the first healthcare company from the Gulf Cooperation Countries (GCC) and the first company from Abu Dhabi to be listed on the premium segment of the
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company also contracts manufacturing for international pharmaceutical companies as well as generic brands for companies including, but not limited to,
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Also in
February 2020, Shetty was ousted from the NMC Health board following a corporate governance scandal over his holdings in the company.
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and also served as the Vice-Chairman of the
Municipal Council in Udupi. He married Chandrakumari Shetty and has four children.
1101:
306:
In 2003, Shetty founded NMC Neopharma, a UAE-based pharmaceutical manufacturer. Inaugurated by the then
President of India,
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183:
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In 2020, Shetty resigned from his board position while investigations were underway. On 8 April 2020, NMC Health went into
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Shetty immigrated to the UAE in the year 1973. After working as the country's first medical representative, he founded
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In April 2017, Shetty announced that he would invest Rs 1000 crore ($ 157.3 million) to produce a film with director
356:
In August 2019, BRS Ventures announced plans to invest $ 5 billion in developing healthcare facilities across India.
353:, two hospitals in Nepal, and acquired a hospital in Cairo as part of his personal portfolio under the same company.
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In June 2016, Shetty announced that he was building the first medical university in Abu Dhabi in honor of
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154:-born businessman and former-billionaire, the founder and acquirer of a number of companies based in the
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1525:"Dr. B.R. Shetty received The Distinguished Entrepreneur Award from the US India Friendship Society"
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331:
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1150:"Old Jan Sangh hand, billionaire B R Shetty plans $ 5 billion investment in Indian healthcare"
370:
On 8 April 2020, NMC went into
Administration in the UK due to the insolvency of the company.
179:
list of India's 100 Richest People in 2015 and was listed as the 42nd richest person in 2019.
2283:
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1176:"Jet-setting billionaire Bavaguthu Raghuram Shetty had it all. Then Carson Block came along"
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932:"Dr B.R.Shetty to build Abu Dhabi's first medical university in honour of Sheikh Zayed"
454:
338:, which raised $ 330 million. The funds went towards building a specialty hospital in
1898:
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1751:
1208:
1057:
Financial Times, Simeon Kerr, Mehul
Srivastava and Cynthia O’Murchu, 17 December 2020
215:
family, the son of Shambhu Shetty and his wife Koosamma Shetty. His mother tongue is
64:
2199:
2164:
2101:
1987:
1934:
1798:
1722:
1321:"Indian tycoons storm Arabian Business Expat Power List 2011 - ArabianBusiness.com"
401:
378:
In May 2018, Shetty along with three other Abu Dhabi–based business tycoons signed
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2029:
2011:
1975:
1910:
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1704:
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In 2005, Shetty was awarded the highest civilian distinction in the Emirate, the
363:
report cast doubts on his real holding amidst the short-selling of NMC Health by
1417:"Billionaire B. R. Shetty aims for $ 1 billion in revenue from Indian film epic"
506:
504:
303:, to Prism Group AG and Royal Strategic Partners, a UAE linked investment fund.
2235:
2140:
2113:
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1993:
1928:
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360:
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187:
566:"Billionaire B.R. Shetty Launches New Financial Firms Holding Company Finablr"
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1940:
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medium school. Shetty completed his pharmaceutical education from Manipal in
216:
208:
68:
595:
539:"I Want To Be The No. 1 Healthcare Provider in India Over The Next 10 Years"
32:
2041:
2017:
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1804:
1402:
1296:"More trouble for B.R. Shetty; UAE to freeze assets of 'richest Kannadiga'"
419:
339:
296:
283:
993:"Gulf private hospitals group NMC eyes UK launch after leap into FTSE 100"
2065:
1999:
1981:
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1946:
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450:
350:
236:
163:
88:
1347:"UAE Exchange appoints B R Shetty as Chairman, Promoth Manghat as CEO"
379:
1833:
1203:
426:. In May 2019, however, the film was shelved due to creative issues.
159:
118:
72:
2005:
1403:"Businessman BR Shetty nominated to medical council by PM of Dubai"
902:
786:"ADCB files criminal complaint against individuals over NMC Health"
415:
324:
300:
288:
264:
203:
Shetty was born at the family's ancestral estate, Bavaguthu House
1266:"NMC Heads to Administration After Giving In to Creditor Demands"
1124:"Dr BR Shetty to Build 400-bed Super-specialty hospital in Udupi"
847:"After cases in UAE, BR Shetty on radar of Indian probe agencies"
292:
260:
220:
167:
96:
966:"Dubai Dreams: From jobless medical rep to billions - BR Shetty"
536:
316:
268:
175:
1443:"Mohanlal's Rs 1000 crore film project 'Randamoozham' shelved"
1377:"Dr B R Shetty to head The Indian Business/Professional Group"
1551:"The recipients of Pravasi Bharatiya Samman – Times of India"
483:"BR Shetty, the astute businessman who turned $ 8 into $ 1bn"
256:
252:
224:
204:
151:
76:
60:
877:"Mangalorean Tuluva B R Shetty Buy's Travelex for 1 billion"
656:"How Indian billionaire Bavaguthu Raghuram Shetty went bust"
130:
1603:"IBPC Felicitates Padma Shri Award Winners – Khaleej Times"
851:
News and Analysis from India. A Refreshing approach to news
682:"Billionaire BR Shetty resigns from Abu Dhabi's NMC Health"
248:
895:
244:
240:
1098:"BR Shetty wants to promote India-UAE ties through IBPG"
1072:"Dr B.R. Shetty to expand his NMC group in UAE and GCC"
1026:"Dr B.R. Shetty takes over as chairman of UAE Exchange"
817:"NMC's BR Shetty, 5 others face fraud, forgery charges"
761:"Former Indian Billionaire's Gulf Dream Turns Sour"
2294:Recipients of the Padma Shri in trade and industry
1055:UAE-Israeli partnership agrees deal to buy Finablr
869:
537:Paramita Chatterjee, Suman K Jha (23 March 2018).
1577:"New Delhi B R Shetty Among Padma Shree Awardees"
2270:
512:"Indian Rich List in full - ArabianBusiness.com"
1199:"NMC's founder forced out over shares scandal"
1644:
1069:
282:Shetty managed to take over the ownership of
2309:Indian emigrants to the United Arab Emirates
734:"BR Shetty's fortune drops by $ 1.5 Billion"
195:accounts and the blacklisting of his firms.
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31:
1250:CS1 maint: multiple names: authors list (
1196:
429:
146:, (born 1 August 1942) commonly known as
1353:. Economic Times India. 24 August 2015.
1197:Correspondent, Ben Martin, Senior City.
1060:
926:
924:
1020:
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990:
467:
2354:Recipients of Pravasi Bharatiya Samman
2271:
1579:. Daijiworld Media Pvt Ltd Mangalore.
1479:from the original on 23 September 2019
1130:from the original on 25 September 2017
1003:from the original on 13 September 2017
959:
957:
955:
953:
445:The Indian government gave Shetty the
191:its 2020 annual list of billionaires.
1632:
1219:from the original on 25 February 2020
1100:. Bfirst. 7 June 2016. Archived from
921:
688:from the original on 18 February 2020
662:from the original on 22 February 2020
606:from the original on 28 December 2016
1015:
2253:Areez Khambatta (Posthumous) (2023)
1327:from the original on 15 August 2016
1156:from the original on 25 August 2019
1078:from the original on 6 October 2016
950:
576:from the original on 25 August 2018
449:award in 2007. Shetty received the
387:
330:In 2012, Shetty led NMC through an
13:
2329:21st-century Indian businesspeople
2324:20th-century Indian businesspeople
1746:Udaybhansinhji Natwarsinhji Jethwa
1613:from the original on 8 August 2016
1505:from the original on 22 April 2017
1449:from the original on 5 August 2019
1383:from the original on 24 April 2017
1357:from the original on 24 April 2017
1276:from the original on 11 April 2020
1152:. Business Today. 18 August 2019.
1036:from the original on 24 April 2017
991:Withers, Iain (2 September 2017).
938:from the original on 2 August 2017
883:from the original on 2 August 2017
857:from the original on 24 April 2020
827:from the original on 16 April 2020
796:from the original on 15 April 2020
758:
714:from the original on 11 April 2020
518:from the original on 24 April 2016
489:from the original on 28 April 2017
14:
2365:
1583:from the original on 3 March 2016
1070:Fareed Rahman (18 October 2014).
909:from the original on 14 June 2016
740:from the original on 6 April 2020
972:from the original on 6 June 2017
814:
636:from the original on 14 May 2019
2339:Karnataka municipal councillors
1517:
1491:
1461:
1435:
1409:
1395:
1369:
1339:
1288:
1258:
1190:
1168:
1142:
1126:. Mangalorean. 25 August 2016.
1116:
1090:
1048:
984:
839:
808:
778:
752:
726:
545:from the original on 9 May 2018
418:, was to be based on the novel
373:
166:, Neopharma, BRS Ventures, and
1499:"Abu Dhabi Awards: B R Shetty"
1469:"Abu Dhabi Awards: B R Shetty"
700:
674:
648:
618:
588:
557:
530:
1:
2319:Businesspeople from Karnataka
1501:. The National. 23 May 2015.
964:VM Sathish (10 August 2016).
564:Mary Sophia (24 April 2018).
460:
198:
903:"Journey – Dr. B. R. Shetty"
440:Mohammed bin Zayed Al Nahyan
275:and was part of the coveted
7:
1782:Waman Dattatreya Patwardhan
1527:. Neopharma. Archived from
10:
2370:
2304:People from Udupi district
934:. NamMa TV. 24 June 2016.
481:Frank Kane (1 July 2014).
2174:
2125:T. V. Mohandas Pai (2015)
1968:
1879:
1826:
1791:
1732:
1685:
1668:
708:"NMC into Administration"
237:New Medical Centre Health
230:
144:Bavaguthu Raghuram Shetty
125:
107:
84:
44:Bavaguthu Raghuram Shetty
39:
30:
23:
2036:Kailasam Raghavendra Rao
447:Pravasi Bharatiya Samman
207:on 1 August 1942 into a
113:Pravasi Bharatiya Samman
2344:People from Chitradurga
2072:Hemendra Prasad Barooah
1905:Nalli Kuppuswami Chetti
1893:Kandathil Mammen Philip
1663:in Trade & Industry
395:Abu Dhabi Indian School
295:, the parent group for
2279:Indian philanthropists
2108:Pratap Govindrao Pawar
1858:K. M. Mammen Mappillai
1740:Khailshanker Durlabhji
430:Awards and recognition
101:(Founder; now defunct)
93:(Founder; now defunct)
1887:N. R. Narayana Murthy
1699:Vithalrao Vikhe Patil
414:. The film, starring
412:V. A. Shrikumar Menon
365:Muddy Waters Research
336:London Stock Exchange
273:London Stock Exchange
2257:Kumar Mangalam Birla
2224:Prahlad Rai Agarwala
2188:Sanjeev Bikhchandani
2135:Keki Hormusji Gharda
2024:Mecca Rafeeque Ahmed
1870:Harshavardhan Neotia
1758:Yelavarthy Nayudamma
1104:on 25 September 2017
359:In February 2020, a
308:A. P. J. Abdul Kalam
219:and he studied in a
156:United Arab Emirates
2334:Former billionaires
2289:Tulu businesspeople
2250:(Posthumous) (2023)
2248:Rakesh Jhunjhunwala
2182:Jai Prakash Agarwal
2129:Ajaypal Singh Banga
1953:R. K. Krishna Kumar
1811:Kiran Mazumdar-Shaw
1776:Mohanmullji Chordia
1717:A. Nagappa Chettiar
1323:. ArabianBusiness.
736:. 26 January 2020.
514:. ArabianBusiness.
2230:Jagjit Singh Dardi
2159:Rameshwarlal Kabra
2153:Saurabh Srivastava
2120:Mallika Srinivasan
1852:Lalchand Hirachand
1840:Vasantrao S. Dempo
1423:on 27 October 2017
1379:. News Karnataka.
1351:The Economic Times
1243:has generic name (
570:Forbes Middle East
455:President of India
438:. Given by Sheikh
16:Indian businessman
2349:People from Udupi
2266:
2265:
1899:Kallam Anji Reddy
1864:Meenakshi Sargogi
1752:Devi Sahai Jindal
1270:finance.yahoo.com
968:. Emirates 24/7.
853:. 16 April 2020.
792:. 15 April 2020.
626:"#42 B.R. Shetty"
596:"#47 B.R. Shetty"
541:. BusinessWorld.
422:, a retelling of
380:The Giving Pledge
141:
140:
102:
94:
65:Madras Presidency
2361:
2200:Vijay Sankeshwar
2165:Shantanu Narayen
2102:Ravi Kumar Narra
1988:Karsanbhai Patel
1935:Naina Lal Kidwai
1799:Jadunath Supakar
1723:Ved Rattan Mohan
1653:
1646:
1639:
1630:
1629:
1623:
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1620:
1618:
1599:
1593:
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1573:
1567:
1566:
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1557:. 9 January 2007
1547:
1541:
1540:
1538:
1536:
1531:on 24 April 2017
1521:
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1484:
1465:
1459:
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1439:
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1430:
1428:
1419:. Archived from
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879:. 14 June 2015.
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485:. The National.
478:
436:Abu Dhabi Awards
388:Other activities
211:speaking, noble
137:
134:
132:
100:
92:
57:
53:
51:
35:
21:
20:
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2267:
2262:
2206:Romesh Wadhwani
2170:
2054:Gopinath Pillai
2030:Sat Pal Khattar
2012:Venu Srinivasan
1976:T. N. Manoharan
1964:
1911:Sharayu Daftary
1875:
1822:
1817:Lila Poonawalla
1787:
1764:Prem Nath Sahni
1728:
1705:Verghese Kurien
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1475:. 23 May 2015.
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759:Bahree, Megha.
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1947:Amit Mitra
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199:Early life
164:NMC Health
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