50 Richest Indians in the GCC
Sun 10 Feb 2013 04:48 AM
Azad Moopen

Azad Moopen

Industry: Healthcare

Company: DM Group

Designation: Chairman

The story continues for Azad Moopen, founder and chairman of DM Healthcare, who is looking at listing one of the UAE’s biggest private healthcare providers in the next two to three years. He’s also in the middle of financing a $300m expansion drive across the Gulf, with a similar amount set aside for growth into India. It’s all a far cry from 1987, when Moopen came to Dubai and set up his own clinic.

Over the next 20 years, he established a chain of healthcare facilities across Asia and the Gulf, under DM Healthcare (Dr Moopen Healthcare), which today employs about 2,000 people in the Gulf, and serves more than three million patients a year.

Elsewhere, DM Healthcare is also working on a project to provide 3,100 hospital beds in Kerala via eight different projects. One of the project is Aster Medcity, a hi-tech healthcare destination being developed in over 40 acres of land in Kochi.