Dr. Bavaguthu Raghuram Shetty


Dr. B.R. Shetty is an entrepreneur par excellence. His success story has been paved by humility and deep commitment towards people and society. Armed with a degree in clinical pharmacy, Dr. Shetty set foot in the United Arab Emirates in 1972 and founded the healthcare facility New Medical Centre (NMC) in 1975. After realising the immense potential of the remittance sector and with a deep sense of yearning to help the expatriate community, he established UAE Exchange in 1980 with its head office located in Abu Dhabi.

Today, Dr. Shetty is among the top business icons in the Gulf region and a living testimony of corporate social responsibility. He has numerous awards to his credit including the Padmashri, one of the highest civilian honours from the Government of India, bestowed on him for his outstanding achievements and contributions to business and trade. The Abu Dhabi Government has also recognised his contributions to the society by conferring on him the highest honour of the Abu Dhabi Government, the Order of Abu Dhabi. He was conferred with a Doctorate by Georgia State University, Atlanta, United States of America.

Dr. Shetty has, during his highly successful business career, forayed into many sectors including pharmaceuticals, healthcare, finance, FMCG, IT, hospitality, cosmetics, jewellery, advertising and real estate with astounding success in each one of them. He is also an active member of various international business councils.