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Indian Power List 2019

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BR Shetty

BR Shetty

Company:

NMC Healthcare

Designation:

Founder and chairman

BR Shetty is the force behind the United Arab Emirates’ largest private healthcare provider, which was also the first GCC healthcare company to list on the London Stock Exchange.

But he didn’t stop there. The veteran Indian entrepreneur also founded financial firms UAE Exchange, Travelex and Xpress Money.

Today, the three financial services brands fall under holding company Finablr – which was listed as an initial public offering (IPO) in May in London this year.

“Today marks a momentous milestone for Finablr and the beginning of an exciting new era to support the ever-evolving needs of a global customer,” he said in May at the launch of the IPO in London. Not bad for a man who arrived in the UAE in 1973 with only a few dirhams in his pocket.

He is also the founder of Neopharma and chairman of holding company BRS Ventures. Shetty is also considering launching another IPO in London in 2022, but this time for pharmaceuticals manufacturer Neopharma, he told The National in an interview in May.

Neopharma was established in 2003 and operates in 50 countries across the Middle East, Africa, eastern Europe, Far East and South East Asia.

Shetty was one of the first Indians residing in the UAE to be awarded the 10-year visa by UAE authorities earlier this year. “This is an unbelievable dream,” the 78 year-old said of the honour.