B.R. Shetty

About B.R. Shetty

Birth Day: August 01, 1942
Birth Place: Abu Dhabi, United Arab Emirates, India
Birth Sign: Aquarius
Residence: Abu Dhabi, United Arab Emirates
Known for: Founder and Non-Executive Chairman of NMC Health Chairman of UAE Exchange
Website: brshetty.com

B.R. Shetty Net Worth

B.R. Shetty was bornon August 01, 1942 in Abu Dhabi, United Arab Emirates, India. Former pharma salesman B.R.Shetty immigrated from Kerala to Abu Dhabi in 1972 to set up a healthcare empire. His biggest asset is London-listed NMC Health, one of the UAE's largest hospital chains. Shetty's other interests include generics firm Neopharma as well as money remittance firms UAE Exchange and Travelex Group. Shetty is pouring money back home, investing $1.8 billion in Andhra Pradesh state for projects in healthcare, hospitality and education.
B.R. Shetty is a member of Healthcare

💰 Net worth: $4.04 Billion

2014 $1 Billion
2015 $1.7 Billion
2016 $1.8 Billion
2017 $3 Billion
2018 $4.04 Billion

Some B.R. Shetty images

Famous Quotes:

I want to expand across India and serve Indians.

Awards and nominations:

In 2005, Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Award. Given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, 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.

Shetty was honoured by the Pravasi Bharatiya Samman in 2007.

Ernst & Young Middle East honored Shetty with the Entrepreneur of the year finalist award in 2008.

Shetty received the Padmashree awarded by the President of India in 2009 for his contribution in the field of trade and industry.

In July 2011, he received the Asian Achievers Award from the Human Achievers Foundation.

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.

In 2013, Shetty was recognized as one of Asia's most promising leaders at the Asian Brand & Leadership Summit. In March 2013, he was awarded the International Achievers Summit's Lifetime Achievement Award. That same year, Shetty received the Asian Business Leadership Forum India-UAE Business Icons Award. He also received the 2013 Frost & Sullivan Lifetime Achievement Award.

In 2014, Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award. He also received the Lakshya Business Visionary Award in 2014. That same year, Shetty was recognized with the International Achievement Award at the Indian Innovator Awards.

In February 2015, the Indian Club - Bahrain recognized Shetty with a Centenary Award. He received the Deal of the Year Award at the 2015 Indian CEO Awards. In June 2015, Shetty received the Business Personality of the Year award from Crowe Horwath International. That same month, Shetty received the Arabian Indian Czars award.

Shetty received the Global Indian Achiever Award in 2015 from H. H. Sheikh Nahyan Bin Mubarak al Nahyan. Also in 2015, H. H. Prince Faisal Bin Saud Bin Musaed Bin Abdulaziz presented Shetty with the National Cultural Award. Shetty's company, NMC Healthcare, received the Frost & Sullivan Middle East Integrated Healthcare Company of the Year Award in 2015. That same year, MILAAP honored Shetty with a Lifetime Achievement Award.

At the 2015 Gulf Business Industry Awards, Shetty was recognized as the Healthcare Business Leader of the Year. In November 2015, he was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai. 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.

In 2016, Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership. Also in 2016, Shetty won the Business Excellence Award from the Indian Business & Professional Council. Middlesex University in Dubai awarded Shetty an Honorary Doctorate in 2016.

In January 2017, Shetty was honored at the Annual Health Awards with a special award for his contribution to the region's healthcare industry. The following month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival.

Biography/Timeline

1940

Born in Kapu, Udupi Karnataka India in 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 Chandrakumari Shetty and has four children.

1973

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 Health care accessible to all. At that time, his wife was the only Doctor in the clinic. NMC is now the largest private Health care 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 Health care company from the GCC and the first company from Abu Dhabi to be listed on the premium segment of the London Stock Exchange and is part of the coveted FTSE 100 Index.

1975

Dr. Shetty initial interest in 1975 was in hospitals and hospitality, but since then he has Diversified into sectors including pharmaceuticals, 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.

1980

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.

2003

In 2003, Shetty founded NMC Neopharma, a UAE based pharmaceutical manufacturer. 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. Neopharma has a research and development wing and works to provide quality medicines at affordable prices. 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.

2005

In 2005, Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Award. Given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, 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.

2007

Shetty was honoured by the Pravasi Bharatiya Samman in 2007.

2008

Ernst & Young Middle East honored Shetty with the Entrepreneur of the year finalist award in 2008.

2009

Shetty received the Padmashree awarded by the President of India in 2009 for his contribution in the field of trade and industry.

2011

In July 2011, he received the Asian Achievers Award from the Human Achievers Foundation.

2012

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.

2013

In 2013, Shetty was recognized as one of Asia's most promising Leaders at the Asian Brand & Leadership Summit. In March 2013, he was awarded the International Achievers Summit's Lifetime Achievement Award. That same year, Shetty received the Asian Business Leadership Forum India-UAE Business Icons Award. He also received the 2013 Frost & Sullivan Lifetime Achievement Award.

2014

In 2014, Forbes Middle East recognized Shetty with the Top Indian Leaders in the UAE Award. He also received the Lakshya Business Visionary Award in 2014. That same year, Shetty was recognized with the International Achievement Award at the Indian Innovator Awards.

2015

At the 2015 Gulf Business Industry Awards, Shetty was recognized as the Health care Business Leader of the Year. In November 2015, he was felicitated by More Ignatius Jacobite Syrian Orthodox Cathedral in Dubai. Shetty's NMC Health care was recognized at the 6th Middle East Business Leaders Awards in 2015, where Shetty was given the Industry Excellence in Health care Award.

2016

In 2016, Shetty received the Golden Peacock Lifetime Achievement Award for Business Leadership. Also in 2016, Shetty won the Business Excellence Award from the Indian Business & Professional Council. Middlesex University in Dubai awarded Shetty an Honorary Doctorate in 2016.

2017

In January 2017, Shetty was honored at the Annual Health Awards with a special award for his contribution to the region's Health care industry. The following month, Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival.