Thumbay Moideen featured on the cover of Forbes Middle East

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

Dubai, Feb 4: Mr. Thumbay Moideen, the Founder President of the UAE-based Thumbay Group has been featured on the cover of ‘Forbes Middle East’, one of the top finance and business magazines in the Middle East region. The cover story, titled “Healthy Choice” traces Mr. Thumbay Moideen’s business journey in the UAE starting from setting up the Gulf Medical University (GMU) in Ajman, to emerging as a prominent name in healthcare and medical education by establishing the leading network of academic hospitals in the country and making GMU one of the highest-in-demand private medical universities in the region.

Forbes

The cover story is a detailed account of how Mr. Moideen’s business acumen and confidence leads GMU and the Thumbay network of hospitals on the continuous path of growth and excellence. Forbes Middle East estimates his fortunes at $1.8 billion.

According to the article, GMU gets around 6000 student applications for just around 270 spots, every year. Since 2003, over 2000 students have graduated from GMU and presently, the student body is made up of 36% Arabs, 32% Asians and 22% Africans and the rest from Europe and Asia. It also has 162 faculty members from 22 countries, says the article. 22% of GMU graduates are admitted to US medical schools for further training. “GMU is part of a network of four pioneering teaching hospitals that now train 19% of doctors in the country and treat nearly 1,800 patients a day,” it says.

Mr. Moideen’s foray into healthcare, says the article, started with the setting up of a 200-bed teaching hospital in Ajman, in 2002. Two 60-bed hospitals, one each in Fujairah and Sharjah in 2011, and a 150-bed hospital in Dubai in 2015 followed. The Thumbay Hospital network reached several notches higher with the prestigious JCI accreditation it received in 2013.

The article also talks about Thumbay Group’s future plans such as the upcoming medical school project in Ghana, which is expected to open by 2017. Mentioning the opening of Thumbay Hospital in Hyderabad – India last year, the article goes on to say that Mr. Moideen plans to build hospitals in Saudi Arabia, Qatar, Mumbai and Bengaluru, next year. “He’s become a billionaire with plans to expand elsewhere in the Gulf and Africa,” it says. The article also features Mr. Akbar Moideen Thumbay, his elder son who manages the Healthcare Division of the Group as its Vice-President, while his younger son Mr. Akram Moideen Thumbay is the Director Operations of the Construction & Renovation Division.

From humble beginnings in 1998 when Mr. Thumbay Moideen migrated to the UAE from India, almost two decades since its inception, today, the Thumbay Group under his Presidency has grown into an international business conglomerate headquartered at DIFC-Dubai. Not only has he made a mark as a pioneer in his flagship businesses: education, healthcare and research, but he has also diversified his business across 13 different sectors and has established global presence. With the completion of the ongoing projects, the Group will employ 6000 people in the next two years, which will reach 15,000 employees by the end of 2020.

Comments

Abdul Hameed U…
 - 
Thursday, 4 Feb 2016

Feel proud of Mr.Muhyiddeen Thumbay.

Prof.M.Abubake…
 - 
Thursday, 4 Feb 2016

Congratulations. Sir. May Almighty Allah keep you and your family members with the best health and long life. ameen.

Brother
 - 
Thursday, 4 Feb 2016

Humble Request... to our Rich Thumbay Moideen...
CAN U Visit the POOR of Mangalore & improve the lives of the POOR muslims and non muslims. Who expect U to follow the teachings of Prophet Muhammad to look after the poor just like the rich Sahabas did ? without business purpose. May Allah reward U more.

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News Network
April 5,2020

Chikmagalur, April 5: BJP Lok Sabha MP from Udupi Chikmagalur Shobha Karandlaje on Saturday claimed that "efforts to spread coronavirus throughout the country" began at Tablighi Jamaat event in Delhi and termed it as "corona jihad".

"Efforts began at Tablighi Jamaat event in Delhi to spread coronavirus throughout the country.

Most of the attendees of that event are untraceable. There seems to be 'corona Jihadi plan' behind that meeting," she said while speaking to reporters here.

Meanwhile, according to officials, out of the seven new cases from Mysuru, two cases are connected to the Jubilant Generics cluster while the rest five cases have a travel history to Delhi.

Total positive cases of COVID-19 in India stand at 3072.

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February 26,2020

Mumbai, Feb 26: Maharashtra cabinet minister and Congress leader Aslam Shaikh on Wednesday said that former chief minister Devendra Fadnavis made an irresponsible statement regarding the Shiv Sena-led state government's 'silence' on AIMIM leader Waris Pathan's remark. He added that as the incident took place in Karnataka, Fadnavis should ask Chief Minister BS Yediyurappa about the matter.

"This is an irresponsible statement given by Devendra Fadnavis. He should ask the same question to the Chief Minister of Karnataka where the statement was given," Shaikh said.

"Fadnavis should ask the same question to the Union Home Minister Amit Shah that why has he not been able to control the violence going on in Delhi," he added.

Earlier, on Tuesday, targeting Shiv Sena's silence over the recent controversial remark by Waris Pathan, Fadnavis said the Uddhav Thackeray-led party might be "wearing bangles" but the BJP was not and knew how to retaliate in the same manner.

"Shiv Sena might be wearing bangles but we are not. If someone says something then he will be given an answer in the same way. BJP has this much power," said Fadnavis while launching a scathing attack on ruling-Shiv Sena in Maharashtra for not taking strict action against Pathan.

On February 20, while addressing an anti-CAA rally, at Kalaburagi in Karnataka, Pathan had said, "Time has now come for us to unite and achieve freedom. Remember we are 15 crores but can dominate over 100 crores."

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News Network
June 26,2020

Bengaluru, Jun 26: Karnataka's Commercial Taxes Department has sealed off an undeclared warehouse with imported goods worth Rs 4 crore in Bengaluru and found 60 GST registrations linked to a Chinese national from Wuhan.

The tax department officials found 25,446 China-made electronic and fast-moving consumer goods worth Rs 4 crore stored in the warehouse which was not declared to the tax authorities.

Commissioner of Commercial Taxes MS Srikar said in a statement that the officers noticed that one person from Wuhan City, China, got the premises in Bengaluru on lease.

They also found that about 60 registrations (both central and state jurisdictions) under the GST Act, in the name of a number of persons for online trading of imported China-made goods, had a single address which was vacant.

Most of the registrations were found irregular in the filing of returns and payment of tax. Majority of the firms either filed nil returns or were non-filers. The registration data showed that one business was registered in 2017-18, 43 in 2018-19, 14 in 2019-20 and two in 2020-21. Most of the 60 firms were private limited companies and 24 persons were interchangeably directors in 58 firms.

At the time of raid, neither the lessee, the Chinese national, nor any of the other 59 registered taxable persons were available at the business premises and no one came forward to participate in the proceedings in spite of providing sufficient time.

It is learnt that the Chinese national is operating the business from Wuhan City since January 2020 with the assistance of some of his agents/employees in Bengaluru.

It has also been learnt that multiple registrations are being taken for a better rating on e-commerce platforms, Srikar said.

The raids were led by Nitesh K Patil, Additional Commissioner, Enforcement, South Zone.
The Commercial Taxes Department is closely watching the genuineness of newly registered persons and conducting post-registration verification visits.

Any registration taken with mala fide intention of evading taxes will be dealt with seriously, the Commissioner said. 

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