B R Shetty
| Bavaguthu Raghuram Shetty | |
|---|---|
 |
|
| Born | 1942 Kapu, Karnataka, India |
| Residence | Abu Dhabi, United Arab Emirates |
| Known for | Founder and Non-Executive Chairman of NMC Health |
| Net worth |
 US$ 3 billion (as of April 2017) |
| Website | brshetty |
Bavaguthu Raghuram Shetty (known as Dr. B. R. Shetty) is the Founder and Non-Executive Chairman Abu Dhabi based NMC Healthcare and Chairman of UAE Exchange. He is Founder, CEO and MD of Neopharma and Chairman of BRS Ventures. UAE Exchange, Dr. Shetty when he initially started in 1975 was interested in hospitals and hospitality, but since then has diversified into sectors including pharmaceuticals, global financial services, retail, advertising and information technology. Shetty was included on the Forbes list of India's 100 Richest People in both 2015 and 2016.
Born in Kapu, Udupi Karnataka India to Shambhu Shetty and Koosamma Shetty in the 1940s to an ethnic Tuluva family. Shetty completed his pharmaceutical education in India and also served as the Vice-Chairman of the Municipal Council in Udupi where he worked toward providing proper sanitary facilities, building concrete roads, schools, underground drainage and septic tanks which would increase health and quality of life within the community. He moved to the UAE in 1973 with only a few dirhams to his name. He married C. R. Shetty and has four children.
Shetty immigrated to the UAE in 1973. After working as the country's first medical representative, he founded New Medical Centre Health (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 UAE, KSA, Oman, Spain, Italy, Denmark, Colombia and Brazil. It is the first healthcare company from the GCC and the first company from Abu Dhabi to be listed on the premium segment of the and is part of the coveted FTSE 250 Index.
Shetty established the UAE Exchange in 1980 in an attempt to ease the process of sending money by the expats to their families in their respective home countries. By 2016, it had expanded into over 31 countries and had approximately 800 direct offices. In 2014, it did over 50 billion USD collectively in money remittance and exchange volumes. He acquired Travelex, the world's leading foreign exchange company, in 2014. It has a global footprint including 1500 stores and 1300 ATMs across 27 countries.
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