Dr. Chandrakumari Shetty the wife of disgraced Indian-born billionaire Dr. BR Shetty established the New Medical Center Health (NMC)-- the first private healthcare provider in the UAE-- in Dubai in 1975. During its initial years Chandrakumari was the only doctor at the hospital and managed the entire facility by herself. However NMC has grown into the UAEs largest private healthcare provider today with over four million patients annually across its 45 facilities spread over 12 cities and 8 countries including UAE KSA Oman Spain Italy Denmark Colombia and Brazil. Who is BR Shetty? Bavaguthu Raghuram Shetty or BR Shetty as he is popularly known was born in a middle-income home in Udupi Madras Presidency then British India (now Karnataka India) on August 1 1942 and at the age of 31 immigrated to the Dubai in 1973 in search of better opportunities. According to media reports BR Shetty who started his career as a medical representative arrived in Dubai with just $8 to his name and began working as a door-to-door salesman selling medicines. However within a brief span of time Shetty developed contacts with several wealthy and influential people and a few years later established UAEs first private healthcare provider New Medical Center Health (NMC) in Dubai. was once counted among the wealthiest people on the planet ranking on the Forbes list of Indias 100 Richest People in 2015 and the 42nd richest person in 2019. What led to BR Shettys downfall? After establishing NMC BR Shetty started to diversify his businesses and investments ranging from health finance to real estate and capital investment. Shettys successful business ventures resulted in him amassing a large and at one point he had a net worth of $3 billion (around Rs 20000 crore) earning him a spot on the Forbes list of Indias 100 Richest People in 2015 and the 42nd richest person in 2019. The Indian-born business tycoon lived a life of opulence owned private jets and a fleet of Rolls Royce vehicles and even bought two entire floors in the lavish Burj Khalifa besides several luxurious villas across Dubai. However destiny had a cruel fate in store for BR Shetty when in 2019 Muddy Waters Research levelled damning allegations against his companies. In a post on X (former Twitter) the US-based short-seller posted a report revealing that Shettys firm owed a $1 billion debt which was kept secret from the companys investors. In its report Muddy Waters Research alleged that Shetty had hid the debt from his investors and defrauded them by exaggerating cash flow figures. Following the allegations the shares of Shettys companies went into freefall ultimately forcing him sell his Rs 12478 crore company to the Israel-UAE consortium for just Rs 74. Who is Chandrakumari Shetty? Dr. Chandrakumari Shetty the wife of embattled Dubai-based Indian billionaire BR Shetty is a trained medical doctor by profession who along with her husband established the NMC UAEs first private healthcare provider which has today grown into a healthcare giant with 45 facilities spread over 12 cities and 8 countries including UAE KSA Oman Spain Italy Denmark Colombia and Brazil. Under Chandrakumari Shettys leadership NMC Health grew into the largest private healthcare company in the UAE but following her husbands bankruptcy she stepped down from her leadership role in the company in 2021 citing personal reasons.