Bavaguthu Raghuram Shetty

Bavaguthu Raghuram Shetty, commonly known as B.R. Shetty, is an Indian-born businessman who is the founder and acquirer of a number of companies based in the United Arab Emirates, including Abu Dhabi-based NMC Health,^[1][2] Neopharma, BRS Ventures, and Finablr.^[3][4] In 1975, Shetty’s interest was in hospitals and hospitality but he then diversified into pharmaceuticals, financial services, retail, advertising and information technology.^[2] He was included on the Forbes list of India’s 100 Richest People in 2015 and was listed as the 42nd richest person in 2019.

In 2020, Shetty resigned from his board position while investigations were underway.^[7][8] On April 8, 2020, NMC Health went into Administration in UK due corporate governance concerns and a falling share price.^[9] Due to sharp drops in share prices and shares pledged by Shetty to pay for debts incurred, it is believed that his net worth has fallen to a fraction of the earlier estimate of $3.5 billion.