Founder & Chairman
Dr. B.R. Shetty
Bavaguthu Raghuram Shetty is the Founder and Chairman of BRS Ventures. Dr. B.R. Shetty is one of the most successful business tycoons, who follows his heart and intuition. This trait has helped him explore untapped markets and pave new paths in his successful entrepreneurial journey. Dr. B.R. Shetty started his entrepreneurial journey in 1975 with the launch of New Medical Centre (NMC), the first private healthcare facility in the UAE. His distinctive capabilities and foresight transformed the healthcare industry in the region. His commitment to provide state-of-the-art facilities has got NMC listed on the London Stock Exchange.
Meanwhile the burgeoning expatriate population in the UAE triggered the need for a formal and safe money transfer channel. Dr. B.R Shetty sensed an opportunity in that challenge and ventured into remittance sector through UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand. He also identified an opportunity in currency exchange business and acquired Travelex, the world’s leading foreign exchange specialist. With this acquisition, he was successful in bringing two category leaders under a single umbrella. Diversified business interests in Dr. B.R. Shetty led to the opening of quality educational institutes, well-established hospitality division and management of infrastructure business.
Dr. B.R. Shetty’s business accomplishments and exceptional social work have earned him the “Order of Abu Dhabi”, the highest civilian honor bestowed by the Government of Abu Dhabi. He is also the recipient of the prestigious Padma Shri, one of the highest civilian honors from the Government of India.