Shetty, founder of NMC Health and UAE Exchange, has been in trouble since February. Shetty takes over as chairman of UAE Exchange", "Dr B.R. From its humble beginnings, today NMC is the largest healthcare provider in the region with over 200 facilities across 19 countries, and over 20,000 BRS Ventures’ portfolio of companies, the conglomerate under [68], Learn how and when to remove this template message, "Indian Rich List in full - ArabianBusiness.com", "I Want To Be The No. [36] Given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, the first year the distinction was awarded. Rated 3.5/5. Dr. Shetty has been a donor par excellence, reaching out not only to the Indian community, but to people from all walks of life, and many have been the beneficiaries of his charitable disposition. [59] In November 2015, he was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai. Throughout his career, Dr. Shetty has always dreamed big and pursued opportunities where he believes his expertise can improve the lives of customers, wherever they are in the world. [54], Shetty received the Global Indian Achiever Award in 2015 from H. H. Sheikh Nahyan Bin Mubarak al Nahyan. [2][3] Shetty's initial interest in 1975 was in hospitals and hospitality and has since diversified into pharmaceuticals, financial services, retail, advertising and information technology. [50], In February 2015, the Indian Club - Bahrain recognized Shetty with a Centenary Award. Shetty honoured with Business Excellence Award", "Dr. B. R. Shetty honoured at the Annual Health Awards 2017 (NMC Health plc)", "Kempegowda International Festival lays emphasis on uniting Okkaligas under roof", "Revealed: Top Indian business leaders in Arab world", "C3 US-Arab Healthcare & Business Summit and Title Sponsor Alitheia Holdings Honors Keynote Speaker Dr. B.R. Cost AED 80 for two people (approx.) NMC Health’s founder BR Shetty has quit the board of the hospital operator as scrutiny of the FTSE 100 company’s ownership structure and finances intensifies. [1] He was included on the Forbes list of India's 100 Richest People in 2015 and was listed as the 42nd richest person in 2020. [37] Also in 2005, U.S. India Friendship Society presented Shetty the Distinguished Entrepreneur Award. [47], In 2014, Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award. [6][7] On April 8, 2020, NMC Health went into Administration in UK due to the insolvency of the company. 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 London Stock Exchange and was part of the coveted FTSE 100 Index. While healthcare remains Dr. Shetty’s first passion, it is by no means his only one. [9] Consequently, Forbes has dropped Shetty from its 2020 annual list of billionaires. In 1975 he founded a small pharmaceutical clinic, New Medical Centre (NMC), motivated Swachh Bharat Swachh Vidyalaya is an initiative of Dr. BR and CR Shetty Foundation to provide clean and safe learning environment by construction of toilet blocks in the Govt. MANGALURU: BR Shetty, the richest Kannadiga in the world with an estimated net worth of $1.6 billion, is in trouble. Shetty immigrated to the UAE in 1973. [11][12] Now, Indian agencies have initiated probe to identify potential risks to Indian banks, if any. UAE businessman BR Shetty resigns from board of NMC Health This follows his exclusion from board of directors’ meetings Published: February 17, … [48] He also received the Lakshya Business Visionary Award in 2014. [29] Shetty has invested in a medical institution in the north Indian state of Uttarakhand. What led to his sudden downfall of BR Shetty is still a mystery. [20] 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. [19] Shetty acquired Travelex, a major foreign exchange company, in 2014. He was the chairman of Abu Dhabi Indian School, Abu Dhabi Indian School-Branch 1, Al Wathba and Bright Riders School till 2019. [61], In 2016, Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership. Shares of his flagship company, Abu … [52] In June 2015, Shetty received the Business Personality of the Year award from Crowe Horwath International. Shetty received The Distinguished Entrepreneur Award from the US India Friendship Society", "The recipients of Pravasi Bharatiya Samman – Times of India", "New Delhi B R Shetty Among Padma Shree Awardees", "IBPC Felicitates Padma Shri Award Winners – Khaleej Times", "Asian Achievers Awards for Dhahi Khalfan, others", "Biocon Chief Dr. Kiran Majumdar Shaw & NMC Chief Dr B.R.Shetty Declared Global Indian of the Year | Pharmaleaders TV", "UAE Exchange named leader, most promising brand in Asia", "Dr. B.R. people in the UAE and across the world. UAE-based Indian billionaire BR Shetty’s company Finablr Plc is getting ready to selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business that had a market … [4][5] Dr. Shetty’s role in bringing affordable private healthcare to the UAE was recognized in 2005 when he was awarded the "Order of Abu Dhabi", the highest civilian distinction in the Emirate. [15] Shetty completed his pharmaceutical education from Manipal in India and also served as the Vice-Chairman of the Municipal Council in Udupi. Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and acquirer of a number of companies based in the United Arab Emirates, including Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr. [32] H. H. Sheikh Mohammed bin Rashid al Maktoum nominated Shetty as a member of the UAE medical council in September 2016. civilian honours, the prestigious Pravasi & Padma Shri, by the President of India for his services to the Indian diaspora. Four years later, he was awarded one of India’s highest civilian honours, the prestigious Pravasi & Padma Shri, by the President of India for his services to the Indian diaspora. Bavaguthu Raghuram Shetty is an Indian-born businessman who is the founder and acquirer of a number of companies based in the United Arab Emirates, including Abu Dhabi-based NMC Health,[1] Neopharma, BRS Ventures, and Finablr. Shetty to expand his NMC group in UAE and GCC", "BR Shetty wants to promote India-UAE ties through IBPG", "Dr BR Shetty to Build 400-bed Super-specialty hospital in Udupi", "Old Jan Sangh hand, billionaire B R Shetty plans $5 billion investment in Indian healthcare", "Jet-setting billionaire Bavaguthu Raghuram Shetty had it all. [10], On 15 April 2020, Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health with the Attorney General's Office of UAE. Finablr, the embattled foreign-exchange business, which uncovered about £1 billion of debt hidden from its board that may have been used for purposes outside of the company and compounding a scandal that pushed its sister firm NMC Health Plc into administration has announced that founder BR Shetty will resign as director and co-chairman with immediate effect. He married Chandrakumari Shetty and has four children.[16]. he was born to serve. The film, starring Mohanlal, was to be based on the novel Randamoozham, a retelling of Mahabharata. [57] That same year, MILAAP honored Shetty with a Lifetime Achievement Award. [28], On April 27, 2020, the Central Bank of UAE ordered seizure of all assets of Shetty and his family in the UAE. Br Shetty latest news, photos, videos and updates from BollywoodLife.com. BR Shetty and family are the embodiment of generosity and humanity and have contributed immensely towards the welfare of society. Among Br Shetty house possessions are … [34] According to Gulf News, the Central Bank of the UAE (CBUAE) instructed all the financial institutions to stop transfers from the accounts of Shetty and deny access to deposit boxes. [38], Shetty was honored by the Pravasi Bharatiya Samman in 2007. The exchange house’s mother company Finablr hired an adviser to prepare for potential insolvency proceedings as the London-listed firm works with an unidentified accounting firm on “rapid contingency planning,” according to a regulatory filing Tuesday. Dr. Shetty holds these achievements close to his heart because they were awarded by the two countries he believes [8], 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. [60] Shetty's NMC Healthcare was recognized at the 6th Middle East Business Leaders Awards in 2015, where Shetty was given the Industry Excellence in Healthcare Award. Image- PIB India. Exchange grew into a market leader in the UAE and evolved into a diverse organization with a global reach and world class products and services. His companies span the Healthcare, Pharmaceutical, Financial Services, Education, Hospitality, Agribusiness & Environmental Sectors. The funds went towards building a specialty hospital in Khalifa City, Abu Dhabi. BR Shetty cars are mainly Rolls Royce, and he owns a private jet. In 2012, NMC became the first healthcare company from the Middle East to list on the London Stock Exchange, capping an historic journey for the man from Karnataka who arrived in Abu Dhabi [42], In September 2012, Pharma Leaders founded by Satya Brahma declared Shetty as Global Indian of the Year along with Kiran Mazumdar Shaw at 5th Annual Pharmaceutical Leadership Summit & Pharma Leaders Business Leadership Awards 2012 in Mumbai. [67] In September 2018 Shetty received the C3 Lifetime Achievement Award. Known for Delicious Goan and Mangalorean food cooked to perfection with great value for money. BR Shetty landed in Abu Dhabi with $8 in 1973 and turned his sweat into a personal fortune worth billions. Menu (including prices) for Shetty Lunch Home may have changed since the last time the website was updated. Bavaguthu Raghuram (B.R.) Agencies Bavaguthu Raghuram Shetty (File Pic) In mid-2018, during a media interaction, Bavaguthu Raghuram Shetty remarked: “If I don’t have one problem a day, that’s not a good day for me. [21][31] He was named chairman of The Indian Business/Professional Group in June 2016. 1 Healthcare Provider in India Over The Next 10 Years", "Billionaire B.R. [14], Shetty was born in Kapu, Udupi to Tulu-speaking parents Shambhu Shetty and Koosamma Shetty on 1 August 1942 to an ethnic Tuluva family. Reports commissioned by BR Shetty, the founder of NMC Health and Finablr, have accused the chief executives who were running his businesses of siphoning off millions of dirhams of money. When BR Shetty landed in Abu Dhabi in the 1970s, he came with big dreams and just $8 in his pocket. [62] Also in 2016, Shetty won the Business Excellence Award from the Indian Business & Professional Council. The company also contracts manufacturing for international pharmaceutical companies as well as generic brands for companies including, but not limited to, Merck, Pfizer, AstraZeneca, and Boots UK. Shetty was an activist of the erstwhile Jan Sangh, the predecessor to the BJP, before he went to the UAE. [39][40], Shetty received the Padma Shri awarded by the President of India in 2009 for his contribution in the field of trade and industry. Shetty's initial interest in 1975 was in hospitals and hospitality and has since diversified into pharmaceuticals, financial services, retail, advertising and … Explore lot more about Br Shetty , pictures, breaking news and find Bollywood actors and actress photos, videos. Shetty; UAE to freeze assets of 'richest Kannadiga, "Indian tycoons storm Arabian Business Expat Power List 2011 - ArabianBusiness.com", "UAE Exchange appoints B R Shetty as Chairman, Promoth Manghat as CEO", "Dr B R Shetty to head The Indian Business/Professional Group", "Businessman BR Shetty nominated to medical council by PM of Dubai", "Billionaire B. R. Shetty aims for $1 billion in revenue from Indian film epic", "Mohanlal's Rs 1000 crore film project 'Randamoozham' shelved", "Dr. B.R. [25], In February 2020, Bloomberg News report cast doubts on his real holding amidst the short-selling of NMC Health by Muddy Waters Research[26] Also in February 2020, Shetty was ousted from the NMC Health board following a corporate governance scandal over his holdings in the company. [41], In July 2011, he received the Asian Achievers Award from the Human Achievers Foundation. Article 370 was abrogated in Jammu and Kashmir on 5th August,2019. [65] The following month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival. B R Shetty who came to see his ailing brother, who has since passed away, is now staying at his brother’s house in Mangaluru and studying about the legal fight to be fought to bounce back. Located in Al Karama, Dubai. SSNMC Super Speciality Hospital, located at Rajarajeshwarinagar, was run by … which Dr. Shetty’s investments are now held, is in many ways a reflection of Dr. Shetty’s multi-decade commitment to positive change built on the values of trust, integrity and perseverance. His position in Abu Dhabi Indian School and Abu Dhabi Indian School-Branch 1, Al Wathba was taken up by the UAE-based Indian billionaire Yusuff Ali M.A. [13] On 27 April 2020, the Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms. employees treating 8.5 million patients a year. [51] He received the Deal of the Year Award at the 2015 Indian CEO Awards. [44] In March 2013, he was awarded the International Achievers Summit's Lifetime Achievement Award. Shetty's son Binay is chief executive of BRS Ventures, the family's holding company. Dr. BR and CR Shetty Foundation headquartered in Bangalore, India. [24] Shetty also owned a hospital in Alexandria, two hospitals in Nepal, and acquired a hospital in Cairo as part of his personal portfolio under the same company. Unimoni) or acquired (Travelex, Ditto, Swych) and brought together with UAE Exchange under a UK-registered holding company, Finablr, in 2018. B.R.Shetty's house (Udupi) India / Karnataka / Udupi World / India / Karnataka / Udupi World / India / Karnataka / Dakshin Kannad Upload a photo Nearby cities: Udupi, Brahmavar, Kundapur. [19], In 2012, Shetty led NMC through an IPO on the London Stock Exchange, which raised $330 million. Dr. Shetty’s role in bringing affordable private healthcare to the UAE was recognized in 2005 when he was awarded the "Order of Abu Dhabi", the highest civilian distinction in the Emirate. Zomato.com does not guarantee prices or the availability of menu items at Shetty Lunch Home. BR Life is a company owned by Mr. Shetty which also has hospitals in Udupi, Bhubaneswar, and Thiruvananthapuram. Muddu Babu Shetty or Mudhu Balwant Shetty (1931 – 23 January 1982) aka M. B. Shetty, simply known as Shetty was an Indian stuntman and action choreographer and actor in 1970s Hindi cinema. His net worth was estimated at $3.15 billion. © 2018 Dr. B. R. Shetty | All Rights Reserved. some 46 years earlier with little more than the clothes on his back and a desire to make a difference. [58], At the 2015 Gulf Business Industry Awards, Shetty was recognized as the Healthcare Business Leader of the Year. In September,2019 Arabian Business published an exclusive interview with BR Shety where he said he had a plan to 3,000-acre film city in Kashmir. Dr BR Shetty with Prime Minister Narendra Modi. by the vision of the UAE's founding father, Sheikh Zayed bin Sultan Al Nahyan (peace be upon his soul), to provide quality healthcare at affordable rates for the people of Abu Dhabi. [30], In August 2015, Shetty was elected as the Chairman to the board of directors of UAE Exchange. [43], In 2013, Shetty was recognized as one of Asia's most promising leaders at the Asian Brand & Leadership Summit. In 2014, it did over US$50 billion collectively in money remittance and exchange volumes. We address the most untouched areas of development which aim to empower the rural community in progressing towards self-sustainability, self-respect and healthy family life. Five years after establishing NMC, he developed UAE Exchange to provide much-needed fund transfer services to the UAE’s growing expatriate population. [46] He also received the 2013 Frost & Sullivan Lifetime Achievement Award. In 2020, Shetty was removed from his board position after being requested by board members. Serves Indian, North Indian, Seafood, Chinese. Four years later, he was awarded one of India’s highest Dubai: UAE has ordered to freeze all bank accounts of Indian billionaire BR Shetty and his family and has also blacklisted several firms associated with him along with their entire senior management. [18] That same month, he was elected to be chairman of the Indian Business/Professional Group. He had a towering personality with a bald head, often cast as … Finablr was listed on the London Stock Exchange in 2019. Shetty also owns healthcare firm BR Life, which has a presence in India, Nepal, Africa and the Gulf region. Legal sources say that Shetty will need to put his house in order in India first to get over any travel ban that’s been imposed. The UAE-based billionaire stepped down as co-chairman of NMC Health in February after the company's shares fell over 70 per cent since December. [19] Inaugurated by the then President of India, A. P. J. Abdul Kalam 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. [19] 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 UAE, KSA, Oman, Spain, Italy, Denmark, Colombia and Brazil. UAE 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. Arriving in Abu Dhabi in 1973 from Kapu, Karnataka with just a few dirhams to his name, Dr. Shetty became a pioneer in the UAE's private healthcare sector. Shetty Launches New Financial Firms Holding Company Finablr", "How Indian billionaire Bavaguthu Raghuram Shetty went bust", "Billionaire BR Shetty resigns from Abu Dhabi's NMC Health", "BR Shetty's fortune drops by $1.5 Billion", "Former Indian Billionaire's Gulf Dream Turns Sour", "ADCB files criminal complaint against individuals over NMC Health", "NMC's BR Shetty, 5 others face fraud, forgery charges", "After cases in UAE, BR Shetty on radar of Indian probe agencies", "UAE orders seizure of Shetty's assets; FTSE ousts NMC", "Mangalorean Tuluva B R Shetty Buy's Travelex for 1 billion", "BR Shetty, the astute businessman who turned $8 into $1bn", "Dr B.R.Shetty to build Abu Dhabi's first medical university in honour of Sheikh Zayed", "Dubai Dreams: From jobless medical rep to billions - BR Shetty", "Gulf private hospitals group NMC eyes UK launch after leap into FTSE 100", "Dr B.R. KT exclusive: BR Shetty stopped at airport on way to UAE Issac John /Dubai issacjohn@khaleejtimes.com Filed on November 14, 2020 | Last updated on November 15, 2020 at … Bavaguthu Raghuram Shetty (popularly known as Dr. B.R. [22], In June 2016, Shetty announced that he was building the first medical university in Abu Dhabi in honor of Sheikh Zayed. He is the founder and patron of 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. [49] That same year, Shetty was recognized with the International Achievement Award at the Indian Innovator Awards. To be chairman of the Indian Business/Professional Group Bahrain recognized Shetty with a Lifetime Achievement br shetty house Exchange 2019! From billionaire to bust 4 min read in June 2016 August 2019, BR appeared on Forbes billionaire at. 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