Meet Sammilan Shetty, the butterfly-man of Karnataka

Sandhya D'Souza | coastaldigest.com
June 24, 2018

It was a regular Zoology assignment in 2004 that triggered the sudden interest of then student Sammilan Shetty towards butterflies. Fourteen-years since, having quit his fulltime-lectureship post, this 32-year-old has been successfully running Karnataka’s first private butterfly park in coastal district of Dakshina Kannada since 2011.

At the foothills of Western Ghats in Belvai village of Moodbidri taluk, a host of ordinary-looking plants and trees welcome the guests to 'Sammilan Shetty's Butterfly Park'. While walking through the 200 metre stretch of trees like coconut, mango, cashew or curry leaf plants, visitors are asked to delicately examine the top and bottom of these leaves, some of which are nature’s bed for butterfly eggs, larvae, caterpillar, dried shells and so on.

"You don’t need exotic plantation to host butterflies. Regular saplings or even wild plants that you can find in your home backyard would do. But unfortunately, most people uproot them terming it as a weed (unwanted plants). Even my family, was initially reluctant of my passion because I planted them," Shetty says.

Prior to the walk around the butterfly park, the visitors are familiarized with a few names and behaviour-pattern of the butterflies through audio-visual material, so that they can relate the same during their actual encounter with the species in the wild. A 30-minute walk-through this park gives a unique opportunity for the visitors to see the transformation from egg to caterpillar-pupa and the adult butterfly emerging out of it.

While the 'host-plant' is where the butterflies lay their eggs, the male milkweed butterflies suck alkaloid from alkaloid rich plants. "Alkaloids are essential for male milkweed butterflies to attract their female counterparts. Lower the alkaloid, the male butterflies might fail to impress their prospective female-mates," he says.

At this ancestral property spreading over 7.35 acres of semi-forest land, interesting species like, Autumn Leaf (Doleschallia bisaltide), Clipper (Parthenos sylvia),  Tawny Rajah (Charaxes psaphon), Black Rajah (Charaxes solon), Paris Peacock (Papilio paris), Redspot Duke (Dophla evelina), Blue Oakleaf(Kallima horsfieldii), Colour Sergeant (Athyma inara), which are otherwise uncommon, frequent at this open-private conservatory.

For the purpose of the identification of butterflies, Shetty uses The Book of Indian Butterflies by Isaac Kehimkar, whom he considers as his inspiration. Incidentally, the park was also publically opened in 2013 by Isaac - popularly known as the 'Butterfly man of India'.

"Rare butterflies like Blue Nawab (Polyura Schreiber), Orchid Tit (Chliaria othona), Great Evening Brown (Melanitis zitenius), Aberrant Oakblue (Arhopala abseus), Banded Royal (Rachana jalindra) Tamil Oakblue (Arhopala bazaloides) have also been recorded here," Shetty says.  Besides, we have species endemic to Western Ghats like Southern Duffer (Discophora lepida),  Tamil lacewing (Cethosia Nietneri), Malabar Banded Swallowtail( Papilio liomedon), Malabar Banded Peacock (Papilio buddha), a common sight during the season.

Back in 2004, while pursuing his graduation studies for Zoology, Sammilan documented 30 butterflies in the region for his project on the 'Study of local butterflies'. At present the open-house conservatory houses nearly 148 butterflies including rare and indigenous species. This is close to 50 per cent (339) of the species that is found in Western-Ghats. Shetty is particular of keeping the park without closed dome or enclosures, which he says traps them. "We have developed the park by propagating natural greenery with 'native host plants' and nectar plants which attracts butterflies to these parks. We have only created a conducive condition for them and respect the butterfly's freedom to stay or to go," he says.

London based World Book of Records has proposed to honour Shetty in recognition for his conservation of butterflies. Halpe Porus is the latest addition as the 148th butterfly at this park, which incidentally was spotted during course of this interview-walk.

Altogether there are 1,200 species of butterflies in the country, and approximately 320 in Karnataka. "Though the pollination by the butterflies is essential for food chain, no much study is gathered in India over it. Although Indian Foundation for Butterflies (IFB) is leading the way, it may take another 10 years for us to asses if we are truly accommodating the butterflies in our eco system," he says.

While the massive urbanisation and real-estate ventures targeting the secondary-forests, Shetty says, it has led to the decline of wildlife including butterflies due to their habitat loss.

While Maharashtra has taken ‘Blue Mormon’ as its state butterfly in 2015 and Karnataka has declared 'Southern Bird Wing' as its state butterfly in 2017, the butterfly enthusiasts are now batting to have recognition for a national butterfly. Butterfly-conservators feel that the move would not only help in creation of awareness of Butterfly in general, but also in conservation of their population.

The park which is completely funded by the family of Shetty, attracts approximately 800 visitors during the season between June and December. In the process of documenting the butterflies, Shetty has also taken to photography of which he plans to turn into a documentary. "A lot of people have changed the way they look at butterfly, after the educational tour. The idea is to take the message of butterfly conservation and its contribution for crop-cultivation (pollination) to as many people as possible in simple language" he says.

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MK Lobo, Dubai
 - 
Sunday, 24 Jun 2018

Beautiful. Great job by Mr Shetty. Will visit during my next India visit

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News Network
January 16,2020

Udupi, Jan 16: The mandatory implementation of FASTag, across the country, was not enforced in the toll gates located in Udupi and Dakshina Kannada districts.

The toll gate personnel cited that they had not received any directions from the NHAI and hence vehicles were being allowed to ply as per the current practice.

As per government order, two gates each have to be reserved for locals, emergency entry and cash transactions. All other lanes are to be used for FASTag.

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coastaldigest.com news network
May 29,2020

Mangaluru, May 29: Even as the thousands of Indian expatriates in Saudi Arabia are waiting for repatriation flights to return to India, a few NRI entrepreneurs are sending home their employees through chartered flights. 

The government of India on May 21 had formally approved the repatriation of stranded Indian expatriate workers through chartered flights arranged by their employing companies particularly in Gulf region and elsewhere. 

Expertise Contracting Co. Ltd headed by K S Sheik and Al-Muzain Est. headed by Zakaria Jokatte are among those who have hired charter flights to repatriate hundreds of employees to India amidst corona lockdown. 

Mr Sheik said that his firm had applied for nine charter flights. "Two of the charter flights will carry 360 people to Mangaluru. Seven other flights will repatriate employees to Delhi, Thiruvananthapuram, Chennai and Hyderabad," he said, adding that the company will bear complete expense of their repatriation and quarantine facility after India. 

Mr Jokatte three charter flights will fly from Dammam to Mangaluru International Airport on June 2, 5 and 8 carrying their employees.

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SANNARUDRAPPA
 - 
Saturday, 30 May 2020

ಸೂಪರ್

 

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News Network
February 19,2020

Feb 19: Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

He splurged on a private jet, vintage cars and two entire floors of the Burj Khalifa, the world’s tallest skyscraper. His website shows him hobnobbing with politicians, Bill Gates and Bollywood royalty.

“The thrill of speed and freedom makes me love cars,” Shetty, 77, told local reporters last year.

Shetty had more than enough money -- at least on paper -- to afford such a lifestyle from companies he helped found, including hospital operator NMC Health Plc and financial services firm Finablr Plc. On Dec. 10, his stakes in the public companies were valued at $2.4 billion, making up the bulk of a fortune spanning education, hospitality and one of the world’s oldest tea companies.

Then, a week later, Carson Block came along.

Block’s investment firm, Muddy Waters, issued a report criticizing NMC’s accounts and disclosing a short position. Since then, Muddy Waters’s scrutiny has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements and casts doubts about his net worth. His holdings in Finablr and NMC are worth $885 million, but Shetty’s fortune may now be just a fraction of that, depending on the size of his borrowings.

Filings this month show that Shetty pledged a quarter of his NMC stake against loans with First Abu Dhabi Bank and Zurich-based Falcon Private Bank. Two other shareholders may own half of his reported stake. Another lender -- Al Salam Bank Bahrain -- has already sold some of those shares to enforce security over a loan for Shetty, and NMC said Tuesday that First Abu Dhabi Bank sold another chunk earlier this month.

The situation “seems to have gone beyond some of the issues that Muddy Waters focused on initially,“ said Gavin Launder, a fund manager at Legal & General Investment Management, who owned shares in NMC until October. “The increased scrutiny has unearthed other issues.”

Law firm Herbert Smith Freehills has launched a review of Shetty’s holdings at his request, a spokesperson for the Indian-born businessman said, declining to comment further until the analysis is completed. Shetty resigned Sunday as NMC’s chairman.

In its Dec. 17 report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.

NMC has disputed Muddy Waters’s claims, and the company hired former FBI Director Louis Freeh to conduct an independent review of the short seller’s allegations. Meanwhile, local regulators “are making inquiries with the relevant parties,” a spokesperson for the U.K.’s Financial Conduct Authority said.

Shetty is hardly the only ultra-wealthy person to leverage his assets. Elon Musk has used his shares in Tesla Inc. to obtain personal loans, while Oracle Corp. Chairman Larry Ellison has put up millions of the company’s shares to fund a lavish lifestyle that includes trophy properties, America’s Cup teams and the Indian Wells tennis facility in California.

But such deals can also sour, as demonstrated by Shetty’s lenders selling shares his investment firm pledged. He and his advisers are investigating details of the sales as part of their legal review, according to filings.

To complicate matters, Shetty pledged another batch of NMC stock in 2018 as part of a so-called equity collar arrangement with Goldman Sachs Group Inc. that uses options to limit the impact from share moves. Last month, he also pledged most of his stake in Finablr to refinance a loan from the company’s takeover of foreign-exchange firm Travelex for about $1.2 billion.

BRS Ventures Investment, the UAE-based holding company for most of Shetty’s assets, doesn’t report consolidated financials, preventing a complete analysis of his net worth. His other assets include a catering company, a waste-management firm and pharmaceutical business Neopharma, which four months ago was in the early stages of planning for an initial public offering.

Block, 43, earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

Block said he didn’t anticipate NMC’s shareholding drama.

“I wouldn’t have been able to predict that we’d get these bizarre disclosures about unclear share ownership coming out of the company,” he said in a Feb. 13 phone interview. “This has been obviously a more dramatic unraveling than we usually see.”

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