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
April 18,2020
Bengaluru, Apr 18: State Home Minister Basavaraj Bommai has stated that there is no need for Dubai Kannadigas to be worried during the COVID-19 crisis.
 
In a statement issued here on Saturday, he said that the State government is with the Dubai Kannadigas and their families residing here in the State, promising that they will not face any problems.
 
Bommai also sought the cooperation of all Dubai-based Kannadiga industrialists and employees in the fight against the virus.

Comments

Syef
 - 
Sunday, 19 Apr 2020

We are already facing lot of problems here without food and money.

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coastaldigest.com news network
July 5,2020

Mangaluru, Jul 5: A veteran politician and former union minister has repeatedly tested positive for COVID-19 in the Dakshina Kannada.

The former minister, who resides in Bantwal taluk, is said to be asymptomatic.

His wife and children have also tested positive for the coronavirus.

Meanwhile, one of the kin of the former minister said that he is undergoing treatment at a private hospital in Mangaluru. "He is asymptomatic and doing well," he said.

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Agencies
July 25,2020

New Delhi, Jul 25: Nearly a year after Cafe Coffee Day founder V.G. Siddhartha's death, the probe committee appointed by the Board of Coffee Day Enterprises Ltd (CDEL) has given a virtual clean chit to private equity investors and the Income Tax Department who were named in his last letter.
The investigation report noted that Siddhartha may have felt "aversive behavioural stimulus" due to persistent reminders from the PE investors and other lenders.

"However, such reminders and follow-ups by the PE investors and lenders are not something which are beyond normal industry practices and we believe that PE investors were acting as per accepted legal and business norms," said that report.

It further said that the investigators were not provided with any documentary evidence to show any "advertent or inadvertent harassment" from the Income Tax Department.

It however, said that the financial records suggest a serious liquidity crunch which may have arisen due to the attachment of Mindtree shares by the IT Department.

Further, the probe revealed that MACEL, a private firm of Siddhartha, owes Rs 2,693 crore to Coffee Day Enterprises, which the report says, "needs to be addressed".

The Cafe Coffee Day founder's body was fished out of the Netravathi river in Karnataka by a group of fishermen on July 31 last year, a day after he went missing.

His last note raised several questions about the role of investors, and tax officials.

He had written: "Tremendous pressure from other lenders lead to me succumbing to the situation. There was a lot of harassment from the previous DG Income Tax in the form of attaching our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch."

The massive shock to the industry and the country also led the government to assure that tax officials would not harass businessmen and the situation would improve.

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