BR Shetty

Business Interests

Healthcare

NMC Healthcare

NMC HealthcareClick Here to Visit the Website

“In a vast, sandy desert, in the middle of a searing hot summer, I became the country’s first outdoor salesman,” says Dr. B. R. Shetty. Going from clinic to clinic selling drugs to doctors, loading cartons, hoisting 5-gallon barrels on his shoulder up staircases was his first idea of working in the UAE capital, Abu Dhabi. He soon noticed the deficiency for basic clinics in the region and with his strong business acumen and consumer insight, he set up New Medical Centre – a small pharmacy diagnostic clinic. After that, there was no looking back. He was blessed with tremendous success and soon hospitals began sprouting across Dubai, Abu Dhabi, Sharjah and Al Ain.

From these humble beginnings, NMC has today become the largest healthcare provider in the region with over 200 facilities across 17 countries, over 18,000 employees including over 3,000 doctors treating over 8.5 million patients annually. NMC was the first healthcare company from the region to list on the London Stock Exchange and is part of the FTSE100 index with a market capitalization more than USD 10 billion. Recently, NMC got inducted to an exquisite club of MSCI Global Index.

Neopharma

NeopharmaClick Here to Visit the Website

After successfully running a chain of quality healthcare facilities, Dr. B. R. Shetty felt the need for quality drugs at good value. Once again seizing the potential, in 2003, Dr. B. R. Shetty started a backward integration into a state-of-the-art pharmaceutical manufacturing plant – Neopharma.

The state-of-the-art pharmaceutical manufacturing facility was inaugurated by the then President of India, late Dr. A. P. J. Abdul Kalam. Neopharma has collaborations with multinational companies such as Pfizer, Merck, Abbott Laboratories, Hetero Pharmaceuticals, Biocon and many others to manufacture various lifesaving drugs for the treatment of cancer, coronary diseases and diabetes. Neopharma also owns a manufacturing plant in Japan where several diagnostic and therapeutic products for oncology are produced. Omnicare Drugs India, an arm of the UAE-based Neopharma LLC, and Japan’s ASKA Pharmaceuticals have inked an agreement to establish a joint venture (JV) in India. Neopharma has acquired an antibiotic manufacturing facility in the USA. As a part of it acquisition strategy, one of the recent acquisitions are in Hyderabad, India.

  • neo biocon
  • nexgen
  • pharmed

BR Life

BR LifeClick Here to Visit the Website

With a belief of giving back to his motherland India, Dr. B. R. Shetty has built a leading healthcare services brand – BR Life. Under the banner of BR Life, Dr. B. R. Shetty currently operates multi super specialty healthcare facilities in India, Nepal and Egypt. Headquartered in Bengaluru, BR Life is growing its footprint across India.

SUT Hospital, Pattom, Thiruvananthapuram was the first BR Life hospital in India. Sree Narayana Hospital (SNH), Raipur, SSNMC Super Specialty Hospital Bangalore, Mother & Child Hospital in Udupi and Kalinga Hospital in Bhubaneshwar are the newer hospitals under BR Life.

  • Br Life Kalinga
  • Br Life Mother Child
  • Br Life ssnmc
  • Br Life sut

Distribution

NMC Trading

NMC TradingClick Here to Visit the Website

In 1975, when Dr. B. R. Shetty took to exploring opportunities in store with nothing more than a few dirhams jingling in his pocket, the UAE had just emerged as a fledgling nation. In the 1970s and 1980s, with the rapid expansion and growth of the UAE, Dr. B. R. Shetty was busy spawning new lines across distribution of pharmaceuticals, medical and scientific equipment, fast moving consumer goods, educational and veterinary products. Established in 1981, NMC Trading is one of the UAE’s leading marketing and distribution companies, for prestigious brands in FMCG, Pharmaceuticals, Medical Equipment, Food, Veterinary products, Analytical Lab Equipment, Medical Consumables & Disposables and Educational resources.

DIVISION MARKETING & DISTRIBUTION ACTIVITY-FOCUS MAJOR PRINCIPALS/ BRANDS
Pharmaceuticals Largest distributors for top pharmaceutical companies Pfizer, Sanofi, Neopharma, Neobiocon, Nexgen Pharma, Jamjoon Pharma, Kuwait Saudi Pharma
Medical Equipments, Diagnostics and Dental Division (MED) A wide range of solutions not only limited to Frontline Care, Specialty Care, OR and Critical Care, Clinical Laboratory, to name a few Samsung, Siemens, Welch Allyn, Schiller, Terumo, Ormco
Medical Consumables and Devices Products and Solutions for surgical, infection, prevention, patient care and rehabilitation care Medtronic, 3M, Abbott, Ontex, Aks, Meyra
Consumer – Personal Care Offers a wide portfolio of high-quality products for every personal care need Nivea, Himalaya, Eucerin, Enchanteur, Pears, Unilever, Emami, Super Max
Consumer – Packed Food and Beverages Caters to the entire spectrum of retail, food service, hotels, restaurants, catering and wholesale sectors Nestle, Luna, KDD, Earths Best, Novalac, Terra
Education Resources and Office Supplies One-stop shop for all school requirements from early years to secondary education e-catalogues, ICT – Information and Communication Technology, SEN – Special Educational Needs, Classroom Furniture, Sports, Arts
Veterinary Complete Veterinary Care Solutions which includes nutraceuticals, pharmaceuticals, care range, identification equipment, laboratory supplies, accessories Nestle, Himalaya, 3M, TFP, K9 Natural

Financial Services

UAE Exchange

UAE ExchangeClick Here to Visit the Website

Dr. B. R. Shetty established UAE Exchange at a time when organized fund transfer mechanisms in the UAE were inadequate to address the needs of the growing expatriate population and expanding corporate sector. The expatriates wanted to send funds to their home countries for savings, investment, medical care, education and others reasons, while the corporate sector wanted a reliable solution to manage business fund movements.

It is his vision that all the customers should be provided with the most innovative and cost effective solutions, which drives UAE Exchange to come out with path-breaking products, time and again. Through the successful and disciplined execution of this strategy over the years, UAE Exchange has transformed into a broad and diverse organization with strong financial and customer bases, global reach and world class products and services. Its range of services include FLASHremit, the instant bank transfer facility; gocash, the first six-currency prepaid travel card in the Middle East; Smart Pay, the WPS-compliant leading payroll solution in the UAE; and an online money transfer portal. These are in addition to the foreign currency exchange and bill payment services that UAE Exchange offers at its counters. UAE Exchange endeavours to deliver utmost convenience without compromise on quality. Its hand-picked team of over 9,000 professionals, representing over 40 nationalities, strives towards one aim of customer delight.

The penchant for quality has won UAE Exchange many prestigious awards including the Asia’s Most Promising Brand Award, Banker Middle East Product Award, Dubai Quality Award, Sheikh Khalifa Excellence Award, Dubai Service Excellence Scheme Award, Sheikh Mohammed bin Rashid Al Maktoum Business Award, Dubai Human Development Appreciation Programme, Best Partner by Emirates National Development Programme, UAE Emiratisation Award, Deutsche Bank STP Excellence Award, Customer Service Week Star Award for 2010, 2011 and 2012; and Customer Experience Benchmarking Award 2014. UAE Exchange is an ISO 9001 and 14001 certified company.

XPRESS MONEY

Xpress-Money-1Click Here to Visit the Website

We are in the business of money transfers, but we do a lot more than that. We are wishing well, so to speak. With every currency or amount we help transfer, we also help transfer a wish. A wish to see a child get a better education. A dream to build that family home. A wish to see an ailing father get better. The wish to get a daughter married off lavishly.

Over the last 13 years, as a global money transfer brand, we have worked towards helping our customers realize these dreams; by providing a money transfer service that is convenient, affordable, accessible and secure. Through the years our customers have given us a seal of approval in dependability and trustworthiness by consistently putting their faith in our services. Today, as an international money transfer provider, we serve more than 55,000 customers everyday across the world.

Travelex

TravelexClick Here to Visit the Website

Travelex is the world’s leading independent retail foreign exchange business. Over the past 39 years, it has built the world’s largest retail network of specialist foreign exchange stores and has developed Travelex as a trusted and widely recognised brand in foreign exchange. It has operations across the breadth of the foreign exchange value chain and a strong culture of compliance and risk management, underpinning its relationships with regulators and wholesale and retail partners. It has a globally diversified geographic footprint, which includes almost 1,500 stores and over 1,300 ATMs in 27 countries. Following the acquisition by Dr B R Shetty, Travelex will continue with its stated growth strategy of: increasing depth through expansion of distribution channels and product range; increasing breadth through new country entry; developing the payments business; and building on its scale advantages.

Ditto

DittoClick Here to Visit the Website

Travelex is the world’s leading independent retail foreign exchange business. Over the past 39 years, it has built the world’s largest retail network of specialist foreign exchange stores and has developed Travelex as a trusted and widely recognised brand in foreign exchange. It has operations across the breadth of the foreign exchange value chain and a strong culture of compliance and risk management, underpinning its relationships with regulators and wholesale and retail partners. It has a globally diversified geographic footprint, which includes almost 1,500 stores and over 1,300 ATMs in 27 countries. Following the acquisition by Dr B R Shetty, Travelex will continue with its stated growth strategy of: increasing depth through expansion of distribution channels and product range; increasing breadth through new country entry; developing the payments business; and building on its scale advantages.

Remit2India

Remit2IndiaClick Here to Visit the Website

Remit2India is a pioneer in online remittances to India and offers simple, safe and convenient online money transfer solutions. Remit2India’s money transfer service is secure in sending money to India from the US, Canada, Australia & UK. with multiple sending options. The entire process is cashless and every transaction can be tracked throughout its delivery cycle.

Unimoni

UnimoniClick Here to Visit the Website

Unimoni is a leading global provider of Money Transfer, Foreign Exchange, Payments and Credit solutions. It facilitates seamless movement of money across geographies, currencies and channels to enable its customers to achieve their financial ambitions. It offers multiple customer touch-points including retail stores, digital and mobile solutions and self-service kiosks.

Finablr

FinablrClick Here to Visit the Website

Finablr is a holding company in UK which brings together category-leading global financial services brands including UAE Exchange, Travelex, Xpress Money, Ditto and Remit2India under one network. With technology innovation at its core, Finablr seeks to drive the agenda of financial enablement and empowerment of customers through R&D efforts, industry ecosystem engagements, investments and potential acquisitions. With over four decades of industry experience and 18,000+ employees, the Finablr network brands have a direct presence in 45 countries and a network reach across 165 countries. Collectively, the Finablr network touches over a billion lives through its retail stores, agents, and digital channels.

Hospitality

ADVOC (Abu Dhabi Vegetable Oil Company)

ADVOC Click Here to Visit the Website

Established in the year 1998, Abu Dhabi Vegetable Oil Company (ADVOC) has established itself as a top class manufacturer of high quality edible oils and fats in the region. Our flagship brand is Coroli – one of the market leaders in the edible oils space in the middle east. In addition, ADVOC owns several other leading brands including LiteLife, Sarola, Rooly and Amir, among others. Our plant with several independent filling stations is capable of simultaneously handling different packaging and oil types at the same time including Sunflower Oil, Corn Oil, Palm Oil, Soya Bean Oil, Canola Oil and Olive Oil. ADVOC also provides restaurants, bakeries, Quick Service restaurants and food processing and dairy industries with various types of specialty fats including an extensive range of margarines, shortenings, dairy fat replacers, coating, filling, creaming fats and butter blends. Apart from market leading brands, ADVOC is also the manufacturer of choice for contract manufacturing oils and fats for all the major retailers, brand owners and bakeries in the region. ADVOC has been recognized as a customer driven supplier of a wide range of edible oil products that has built up a reputation of reliability and quality. ADVOC is the only edible oil refinery in the emirate of Abu Dhabi and is looking to expand its presence in the packaged foods space both organically and inorganically across the MENA region and India.

ADVOC was acquired by Dr. B. R. Shetty in late 2016 and is part of BRS Ventures (www.brsventures.com).

ROYAL CATERING

ROYAL CATERING Click Here to Visit the Website

Founded in 2003 by Rashed Al Mazroui and A. M. Simreen in Abu Dhabi, Royal Catering was acquired by Dr. B. R. Shetty in 2015 and is now a part of BRS Ventures.

Royal Catering is one of the leading catering and related support service companies in the Gulf region. It is well-known in Abu Dhabi for operating international events such as Formula 1 Etihad Airways Abu Dhabi Grand Prix, Mubadala’s World Tennis Championship and the FIFA Club World Cup. After winning the catering contract for ADNOC’s headquarters, Royal Catering has made significant investments in restaurants, equipment, technology and manpower to support its growth in the region.

The Abu Dhabi and Dubai services operate from state of the art central kitchens. The HACCP certified 3,000 square metre facility complies with the highest local and international hygiene standards and has the capacity to produce 60,000 meals a day.

Restaurants and Food Concepts:

  • Be it a wholesome breakfast, a quick lunch or a relaxed dinner, the popular and healthy recipes and the pleasant ambience makes Nova an ideal choice to eat out.
  • Rosina Bellina, located on the Corniche, offers wholesome, healthy dishes with a twist of European panache.
  • Rozanah is well known for its authentic Lebanese and Mediterranean cuisine served with warm hospitality in an enchanting atmosphere. Opening September 2018, a brand new Rozanah Restaurant in Corniche, Abu Dhabi.
  • Foodlands, Abu Dhabi is arguably the finest multi-cuisine restaurant in Abu Dhabi offering a multitude of cuisine that is a gourmet’s delight.
  • Catch, located in The St. Regis on the Corniche, specializes in seafood with Middle Eastern and Asian influences.
  • 82L8 is a contemporary and innovative brand which offers a diverse assortment of fresh and healthy food to help sustain an active lifestyle.
  • Delecto is Royal Catering’s boutique retail and dining destination – offering the finest selection of gourmet delicacies, prepared with distinguished quality, using the finest of ingredients.
  • BiteRite offers healthy balanced meals delivered to your doorstep. The special meal plans cater to a wide range of audiences. Meals are designed by nutritionists & hospitality experts to ensure delivery of wholesome food.

Dr. B. R. Shetty’s passion for business and success isn’t limited to a particular field. The initial success story therefore signaled the spawning of new enterprises as Dr. B. R. Shetty set about in earnest on diversification of business that witnessed forays into a bewildering range of businesses spread over distribution of pharmaceuticals, scientific / medical equipment, foodstuff, financial services, gold and diamond jewellery, real estate, IT, Engineering projects and services and hospitality industry.

NMC Health, meanwhile, is exploring a partnership with an Ivy League university for a medical college in Abu Dhabi and looking at setting up a postgraduate program in Dubai. A potential tie-up with another leading American academic brand could lead to an entrepreneurship school. Says Shetty, “I want to give back to the country that gave me everything I have today.”

He was also instrumental in building a stadium in Abu Dhabi. He is on a personal overseas buying spree with two hospitals in Alexandria, Egypt, in which he holds a 90% stake and a third in Cairo. In Kathmandu, Nepal he holds 51% of a medical college hospital that will open next year. He is exploring hospital management in Sri Lanka.

He has also acquired a 220-bed hospital in Trivandrum in the southern Kerala state and is doubling its capacity. In central Raipur he has acquired a majority stake in an orthopedics hospital. “I want to expand across India and serve Indians.” His plan is to offer affordable health care in smaller cities and create a 12,000-bed hospital infrastructure in five years.

Education

Dr. B. R. Shetty has a deep passion for education. He strongly believes that quality education is the cornerstone to build a strong society. He is the Honorary Chairman of the Board of Governors of the largest community school in Abu Dhabi, the Abu Dhabi Indian School with over 8,000 students. He owns and operates several schools including Bright Riders School, Deira Private School, and Sara Nursery. Dr. B. R. Shetty is the Chairman of the Board of Brindavan College, a premier educational institution of higher learning established in 1993 in Bengaluru. One of Dr. B. R. Shetty’s dreams is to setup a world-class medi-city in UAE. Dr. B. R. Shetty has setup the BR Academy in India to provide skills, training and upgradation to professionals such as nurses.

BRS Ventures has signed an MoU with IIM -Ahmedabad to offer higher education programs in UAE and an MoU with Manipal Global Education to establish a Medical College in UAE.

Environment

Being closely associated to Healthcare and Manufacturing sectors, Dr. B. R. Shetty has always been conscious about the global problem of Waste Management. To contribute towards clean and green environment, he has been recently awarded a Waste Management contract by Centre of Waste Management – Abu Dhabi, where the medical and other industrial waste will be collected and incinerated in an eco-friendly way.

Other Interests

Dr. Shetty has invested in Plantations in India and Oil Field Services in the UAE. He has recently acquired the Assam Tea Company in India.