Stars of 2018
Sat 22 Dec 2018 10:25 PM
BR Shetty

Industry: Healthcare

Company: NMC Healthcare

Designation: Founder and Chairman

The Indian-born billionaire is the force behind the UAE’s largest private healthcare provider, NMC Healthcare, which boasts over 135 facilities across ten countries and treats more than 8.5 million patients a year.

NMC Health, which has a market cap nearing $9.5bn, was the first healthcare company from the GCC to list on the London Stock Exchange. BR Shetty is also the founder and chairman of a number of financial services brands. In April this year, he founded holding company Finablr to bring UAE Exchange, Travelex and Xpress Money under one roof.

Our strength comes from over four decades of trust that we have built with our customers through a track record of innovation and excellence in service

In November, the holding company acquired digital payments solutions provider TimesofMoney, and raised its stake in digital gifting platform Swych to become a majority shareholder. BR Shetty is also the founder and chairman of Neopharma, which announced in October its acquisition of a US-based antibiotic manufacturing factory, having bought the Tennessee facility from Dr Reddy’s Laboratories Inc, a subsidiary of Dr Reddy’s Laboratories Ltd. Neopharma has five pharmaceutical manufacturing facilities in three continents and serves over 50 countries with more than 100 products.

In addition, the chairman heads holding company BRS Ventures and, which announced in August it is taking over two hospitals in Afghanistan.