Indian Aces
Sun 28 Jan 2018 10:17 AM
Thumbay Moideen

Industry: Diversified

Company: Thumbay Group

Designation: Founder and President

It was in the mid-1990s that Mangalore-born Thumbay Moideen decided to trade the timber and construction industry for healthcare and establish Gulf Medical University in Ajman. 

This venture was the first in what would mushroom to become Thumbay Hospitals, with state-of-the-art medical facilities now right across the UAE and in India.

In 1998, Moideen became the founding president of the Thumbay Group, which delivered an expansive portfolio of healthcare services through Thumbay Clinics located in most emirates in the UAE.

His background in the construction industry helped Thumbay launch a subsidiary which, in 2016, announced plans to build $326m of new healthcare and residential projects in the Gulf, including six new hospitals and 12 clinics in the UAE, Egypt and India.

The group said it was embarking upon a massive recruitment drive to support its planned growth, targeting 25,000 new employees by 2022 in addition to the 5,000 current staff.

A third-generation entrepreneur, Moideen was primed for business from an early age, handling the India-based conglomerate established by his father Ahamed Hajee Mohiudeen, and grandfather Yenepoya Moideen Kunhi before him. Moideen has used his talents to expand the firm even further.

It has since ventured into health education, healthcare, research, diagnostics, retail pharmacy, health communications, information technology, retail opticals, wellness, hospitality, distribution, real estate, media and technologies.

His son, Akbar Moideen Thumbay, is vice-president of Thumbay Group’s healthcare division. His younger son Akram Moideen Thumbay, is the director of operations for the construction & renovation division and director of Thumbay Technologies.