Dr. Bavaguthu Raghuram Shetty (“Dr. B R Shetty”) was born in Kaup, Udupi in the state of Karnataka, India in 1942.
He served as the Vice Chairman of the Municipal Council in Udupi, where he worked towards the cause of providing proper sanitary facilities, building concrete roads, schools, underground drainage and septic tanks for people to lead a better and healthier life.
In 1973 he set foot in the desert land of the United Arab Emirates to pursue his ambitions. Armed with nothing more than a clinical degree in pharmacy, Dr. B R Shetty commenced his entrepreneurial career in the UAE at a time when the nation was in its formative years.
With his commitment, hard work, vigour and dynamic personality, he was able to start, build and succeed at multiple businesses over the years and today, his business empire is spread across the globe.
Realising that healthcare facilities in the UAE were rudimentary at that time and foreseeing tremendous potential, he ventured into the field of healthcare by establishing New Medical Centre (NMC) in 1975 which expanded significantly over the years and is today UAE’s largest private healthcare provider. It is the first healthcare company from the region to list on the London Stock Exchange and is part of the FTSE100 index. Recently, NMC got inducted to an exquisite club of MSCI Global Index.
Owing to the reputation and popularity of NMC Healthcare, its hospitals and medical centres cater to over 8.5 million patients annually across more than 200 facilities in 17 countries. NMC Healthcare is also the first UAE Company to be awarded a 5 – year contract by the Ministry of Presidential Affairs, Govt. of UAE, in 2012 to manage and operate the over 200 – bed Sheikh Khalifa General Hospital, Umm al Quwain.
With his legendary foresight and vision, Dr. B. R. Shetty identified expatriate aspirations to contribute back to the loved ones left behind in their home countries. This led to the birth of UAE Exchange.
In 1975, when Dr. B. R. Shetty took to exploring opportunities in store with nothing more than a few dirhams jingling in his pocket, the UAE had just emerged as a fledgling nation.
In the 1970s and 1980s, with the rapid expansion and growth of the UAE, Dr. B. R. Shetty was busy spawning new lines across distribution of pharmaceuticals, medical and scientific equipment, fast moving consumer goods, educational and veterinary products. Established in 1981, NMC Trading is the only distribution business to have a pan- UAE presence across all its distribution categories.
Dr. B. R. Shetty owes his success to the support of the people around him and those who believed in him, especially his better half
Dr. C.R. Shetty, who he considers as the pillar in his life. His kindness and selfless spirit is also visible in his 4 children – 3 daughters and a son, who follow his footsteps by contributing towards making the world a better place.
By no stretch of imagination is business the exclusive preoccupation of Dr. B. R. Shetty. His abiding interest in education has put him at the forefront of the largest community school in the region, Abu Dhabi Indian School, where he serves as the Honorary Chairman.
Awards and accolades have been heaped on him in recognition of his services. He was the first recipient of the ‘Order of Abu Dhabi’ by the Govt. of Abu Dhabi in 2005, the highest civilian award for contribution to the development of the community and the cause of the Emirate. He was also conferred the prestigious civilian award ‘Padma Shri’ by the Government of India, in 2009 for his outstanding achievements in Trade and Business. He received the First-Ever Swiss Ambassador’s Award 2008 from H. E. Wolfgang Amadeus Bruelhart, Ambassador of Switzerland, Abu Dhabi, Pravasi Bhartiya Samman Award by Dr. A. P. J. Abdul Kalam on behalf of the Govt. of India (2007) and the Forbes Middle East Top Indian Leaders in the UAE Award, among many others.
We are proud to share the news of Dr. B. R. Shetty, Executive Vice Chairman & CEO being conferred with an Honorary Doctorate from Middlesex University Dubai on November 12th, 2016 at Jumeirah Beach Hotel’s Safinah Ballroom.
Dr. B. R. Shetty is grateful to the royal family of the UAE who have provided their guidance and support at all times. He is especially inspired by the vision of His Highness Sheikh Zayed Bin Sultan Al Nahyan (May peace be upon his soul) and fondly remembers the late father of the nation’s words, which served as the foundation of Dr. B. R. Shetty’s businesses.
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