B R Shetty, who hails from Udupi has never forgotten his roots. He came from a lower middle class family and is today one of the richest Indians. He is known for helping needy and has helped many people across Karnataka to get jobs in Gulf, wherein his business is set. And now he has decided to pledge more than half of his wealth to charitable causes.
After Infosys co-founder and chairman Nandan Nilekani and his wife Rohini Nilekani, three more Indian-origin billionaires have joined the philanthropic initiative created by Bill and Melinda Gates and Warren Buffett, pledging to commit more than half of their wealth to charitable causes.
The Nilekanis, Dr B R Shetty and his wife Chandrakumari Raghuram Shetty, Aneel and Allison Bhusri and Shamsheer and Shabeena Vayalil are among the 14 philanthropists to have joined the Giving Pledge throughout the previous year, bringing the total to 183 from 22 countries since the pledge began in 2010 with 40 American philanthropists/
UAE-based DR B R Shetty and his wife Chandrakumari Raghuram Shetty also joined the pledge. Shetty founded NMC Health, one of the largest healthcare organisations in the world across 13 countries. He started BR Life, his healthcare company focused on people below the poverty line in India, Egypt and Nepal. He runs and supports educational institutions across the UAE and India, including for children with special needs. He has supported victims of natural and human calamities across the world. agencies
The organisation said many of the new additions to the Giving Pledge are already actively engaged in philanthropy, providing support to a range of causes including education, poverty alleviation, medical and healthcare research, economic development, entrepreneurship, and advocacy and governance.
BR Shetty is founder and chairman of Abu Dhabi-based NMC Healthcare, and chairman of UAE Exchange. He is also the founder and chairman of Neopharma, Finablr and BRS Ventures. Shetty initial interest in 1975 was in hospitals and hospitality, but since then has diversified into sectors including pharmaceuticals, financial services, retail, advertising and information technology. Shetty was included on the Forbes list of India’s 100 Richest People in both 2015 and 2016.
Shetty has invested in a medical institution in the north Indian state of Uttarakhand. He is the founder and patron of the Indian Pharmaceutical Association in the Emirates, and is a member of the Advisory Board (Financial Sector), Economic Department, Government of Dubai, UAE and the Pharmaceutical Committee, Dubai. He is also the chairman of Abu Dhabi Indian School and Bright Riders School.
In April 2017, Shetty invested Rs 1000 crore ($157.3 million) in V. A. Shrikumar Menon’s upcoming two-part film starring Mohanlal based on the novel Randamoozham, a retelling of Mahabharata, becoming its producer. Filming will start in May 2018 with the two films being released in 2020, 90–100 days apart.
In 2005, Shetty was awarded the highest civilian distinction in the Emirate, the Abu Dhabi Award. Given by H. H. Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, the first year the distinction was awarded. Shetty received the Padmashree awarded by the President of India in 2009 for his contribution in the field of trade and industry. Shetty received the Nadaprabhu Kempegowda International Award at the Kempegowda International Festival in 2017.