Dr. B. R. Shetty is a pioneer in the private healthcare industry of the UAE. He is the founder of NMC Healthcare, the largest private healthcare provider in the country, which he founded in 1975. Today NMC has grown to over 40 facilities across 6 countries, treating over 12,000 patients a day. NMC Healthcare was the first healthcare company from the GCC to list on the London Stock Exchange and is part of the FTSE 250 Index.
His sharp business acumen enabled him to identify opportunities instantly and convert them successfully. In 2015, he went on an acquisition spree, wherein NMC bought over Clinica Eugin, Europe's leading fertility services provider; Fakih IVF Fertility Center, a leading Infertility, Gynecology, Obstetrics, Genetics and IVF brand in the GCC; ProVita International, the market leader in long term critical care services in the UAE; Americare, a leading provider of home care services in the UAE and Dr. Sunny Healthcare, the largest primary healthcare provider in Sharjah. The latest addition in the chain is the 500-bed multi super-specialty NMC Royal Hospital in Khalifa City, Abu Dhabi.
Dr. Shetty ventured into distribution with NMC Trading in 1976 and today, NMC Trading is one of the largest distributors in the UAE, being the exclusive marketers of iconic brands such as Nestle, Unilever, Nivea, Pfizer, Siemens, Samsung, Sanofi, Kiwi, Brylcreem, Henkel, Abbott, 3M, Welch Allyn and Medtronic among many others across the verticals of pharmaceuticals, medical devices, consumable and equipment, personal care, food and beverage, household care, veterinary, education and stationery products.
Dr. Shetty is also the Chairman of UAE Exchange, the market leader in money remittance services across the world. UAE Exchange has over 800 branches in more than 31 countries around the world, employing 9000 people from over 40 countries, serving more than 13.5 million customers. UAE Exchange was responsible for over 12% of all inward remittances into India last year, the largest receiver of remittances according to the World Bank. In 1999, UAE Exchange launched Xpress Money, a global money transfer brand with a presence in more than 150 countries and over 200,000 locations around the world. In 2014, Dr. Shetty acquired Travelex, the leading foreign exchange specialist worldwide with 1,500 stores and over 1,300 ATMs in 27 countries including all major airports around the world. Travelex is the only authorised agency to process VAT refunds in London, UK.
Dr. Shetty founded Neopharma, Abu Dhabi’s premier pharmaceutical manufacturing facility with branded generics and partner manufacturing for Pfizer, Merck Serono, Abbot and Biocon.
Dr. Shetty is passionate about serving the community and has been a leading philanthropist by donating medical supplies to the Nepal and Turkey earthquake victims, providing aid to India, Pakistan, Egypt, Yemen and Libya to assist relief for natural and manmade crises in these and many other countries.
He is the first recipient of the Order of the Abu Dhabi Award and a Member to Medical Council of the UAE.