BR Shetty may have hung up his clipboard at NMC Health earlier this month but you can be sure the passionate founder will remain on the medical firm’s radar. With Shetty still at the helm last year, NMC Health reported a stellar 38.6 percent rise in revenue to $1.22bn, while profit skyrocketed 61.4 percent to $132.7m. The healthcare firm also opened the $200m, 250-bed hospital NMC Royal in Abu Dhabi.
On March 8, it was announced he would step down as CEO, remaining non-executive chairman. But the prognosis remains healthy, with a deliberate transition period with Prasanth Manghat, who was Shetty’s deputy, which is expected to see NMC Health continue returning strong financial results.
Shetty established the healthcare business in 1975 and it now treats more than 2 million patients annually across 12 facilities in five cities. It also has a majority stake in fast growing fertility firm Fakih IVF. It was listed on the London Stock Exchange in 2012 and is part of the prestigious FTSE 250.
But Shetty is known for more than just healthcare. Shortly after arriving in the UAE in 1973 he established UAE Exchange, one of the largest exchange houses in the world and he remains managing director and CEO. He also has investments in hospitality, food and beverage, pharmaceutical manufacturing and real estate.
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