Thumbay Moideen among top Indian leaders in Arab world listed by Forbes

[email protected] (CD Network)
May 4, 2016

Dubai, May 4: Thumbay Moideen, the Founder President of Thumbay Group has been included in the Forbes' list of Top Indian Leaders in the Arab World' for the second consecutive year.

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The prestigious award was presented to Mr. Moideen at a glittering event held at Waldorf Astoria, Dubai Palm Jumeirah at 7:00 pm on Tuesday, 3rd May 2016, to celebrate the most successful and groundbreaking Indian leaders in the Middle East.

His Excellency Mr. T.P. Seetharam, Ambassador of India to the UAE delivered the keynote speech at the event. This year's event was the fourth edition of the awards which recognize the most powerful and prosperous of Indian heads in the Arab world who have set up some of the most successful companies in the Middle East, using their vision, ingenuity and formidable leadership to bring capital to their shareholders and investment into the economies of the region.

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After receiving the award, Mr. Moideen said that he was honored to figure in the list of top Indian leaders in the Arab world for the second consecutive year. “We take pride in these honors and recognitions, which motivate us further and add more responsibility to what we do.

While thanking Forbes for this prestigious recognition, I also thank my dedicated team for their hard work and commitment. I would also like to acknowledge the support of the Rulers of this great country, for their constant encouragement for our endeavors,” he added.

Founded by Mr. Thumbay Moideen in 1998, Thumbay Group is an international business conglomerate headquartered in DIFC - Dubai. The Group has successfully diversified into 14 different sectors in a span of just 17 years.

The Group today employs more than 3500 people, which will rise to 6000 with the completion of ongoing projects in the next two years, and to 15,000 employees by the end of 2020.

The Gulf Medical University, the leading private medical university in the region owned and operated by Thumbay Group has a student cohort of over 73 nationalities and faculty and staff from over 22 countries.

The Thumbay chain of hospitals, the constituent teaching hospitals of the Gulf Medical University, is one of the largest healthcare services provider in the UAE, serving over 2500 patients daily, from more than 175 countries. Apart from being an acknowledged leader in the health sector, Thumbay Group operates a reputed pharmacy chain, diagnostic centres, multi-brand retail outlets, world-class wellness centres, a prestigious chain of coffee shops, restaurants, popular health & lifestyle publication, etc.

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Comments

Yaseen Baig
 - 
Wednesday, 4 May 2016

Congratulations sir, we are proud of you.

Yaseen Baig
 - 
Wednesday, 4 May 2016

Congratulations sir, we are proud of you.

Yaseen Baig
 - 
Wednesday, 4 May 2016

Congratulations sir, we are proud of you.

Prof.M.Abubake…
 - 
Wednesday, 4 May 2016

CONGRATULATIONS SIR.

AbdurRahman Thumbe
 - 
Wednesday, 4 May 2016

Entire Thumbe village is proud of you sir.

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News Network
March 18,2020

Bhopal, Mar 18: Congress leader Digvijay Singh's detention by police in Bengaluru is display of "dictatorship and Hitlarshahi" by the BJP, Madhya Pradesh Chief Minister Kamal Nath said here on Wednesday.

Singh staged a protest near a Bengaluru resort this morning where rebel MLAs of Madhya Pradesh Congress are staying, and demanded that he be allowed to meet them.

Singh, who has been detained by the police, accused the BJP of holding the MLAs captive and said that he would go on a "hunger strike".

Reacting to this, Nath said if the need arises he would also go to the Karnataka capital.

"Preventing Congress Rajya Sabha candidate and other ministers from meeting MLAs, misbehave with them, forcibly taken them into custody is totally a dictatorship and hitlershahi (sic)," Nath said in a tweet.

"Entire country is watching how an elected government is being made unstable and how BJP is murdering democratic values," Nath said.

"Why they are not allowing them to meet MLAs. What BJP is afraid of. BJP is playing a dirty political game in the state," the chief minister tweeted.

Demanding immediate release of detained Congress leaders, Nath said that democratic norms and Constitutional values are being stifled.

Later speaking to reporters, the CM said, "Why the BJP is afraid of presenting 16 MLAs here (Bhopal)? What is the problem in one person (Singh) meeting with 16 legislators?"

Nath reiterated that his government had proven majority on floor of the House in the last 15 months since coming to power.

Amid political uncertainty in Madhya Pradesh, the state Congress Legislature Party on Tuesday moved the Supreme Court seeking direction to the Centre and the BJP-led Karnataka government to grant it access to communicate with its rebel MLAs staying in Bengaluru.

The apex court had also directed the Kamal Nath government to respond by Wednesday to a plea by senior BJP leader Shivraj Singh Chouhan seeking immediate floor test in the Assembly.

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News Network
July 7,2020

New Delhi, Jul 7: Congress leader Dinesh Gundu Rao's wife Tabu Gundu Rao informed that four of their employees have tested positive for coronavirus.

"Well sadly our PA, one more Gunman and 2 house staff tested positive. We are all thankfully negative but in isolation and quarantine for 10 to 14 days from today, to check if we develop symptoms as we are primary contacts to them. Hopefully we should get through this," Tabu tweeted.

According to the Ministry of Health and Family Welfare, there are 23,474 coronavirus cases in Karnataka including 13,255 and 372 deaths.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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