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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 7,2020

Bengaluru, Mar 7: Customs officials intercepted a Guatemalan national at Kempegowda International Airport here on March 2 and recovered cocaine.

The accused confessed that she had swallowed 150 cocaine capsules and concealed a tube-like structure in her vagina.

The passenger egested the total 1.385 kg of cocaine (150 cocaine capsules) over a period of two days, under medical supervision. She has been arrested.

Further, an investigation is underway.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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News Network
July 31,2020

Bengaluru, Jul 31: The Karnataka government on Wednesday put on hold a controversial proposal to drop certain chapters, including on Islam, Christianity, Tipu Sultan and his father Hyder Ali, from social science textbooks to reduce the 2020-21 syllabi for students in classes 1-10.

Citing the COVID-19 pandemic and the disruption caused to the academic calendar of the year, the government had earlier dropped the chapter on Tipu Sultan and Hyder Ali from the Class 7 social science textbook, saying chapters on Tipu Sultan have been retained in the Class 6 and 10 textbooks.

The move did not go down well with the opposition, which saw certain ulterior motives behind the decision.

Apparently under sharp criticism, the Department of Public Instruction issued a new notification on Wednesday "on the directions of the Karnataka Primary and Secondary Education Minister S Suresh Kumar".

There is a delay in opening the schools during the academic year 2020-21 due to COVID-19 pandemic, said the latest order.

In this context, the order said, chapters were dropped to fit in 120 days of the academic year for classes 1 to 10 and the same was published in the department's website.

"However, on the directions of the Minister for Primary and Secondary Education, the decision to drop certain chapters has been put on hold. A review will be done following which the deleted chapters will be uploaded in the website," the order read.

Earlier in the day, Mr Kumar had issued a statement, saying that the decision to truncate the syllabus has not been finalised yet. He also made it clear that his department would not remove chapters unnecessarily.

Former chief minister and Congress leader Siddaramaiah had attacked the government on the issue.

"The government, which has failed to control the spread of coronavirus, is using it as an opportunity to push its clandestine agenda of saffronising the textbooks," Siddaramaiah tweeted.

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