Page 42 - Arabian Business

INDIAN ACES POWERED BY:

B Thumbay
A

D Moideen
C

E
Founder and President
F THUMBAY GROUP
G Diversifi ed

H
IT WAS IN THE MID-1990S THAT
I
Mangalore-born Thumbay Moideen
J decided to trade the timber and
construction industry for healthcare
K
and establish Gulf Medical University
L in Ajman. This venture was the first in
what would mushroom to become GMC
M
Hospitals, with state-of-the-art medical
N facilities in Ajman, Fujairah and Sharjah.
In 1998, Moideen became the
O founding president of the Thumbay
P Group, which delivered an expansive
portfolio of healthcare services through
Q Thumbay Clinics located in Dubai,
R Ajman, Umm Al Quwain and Ras
Al Khaimah. His background in the
S construction industry helped Thumbay
launch a subsidiary which, in 2016,
T
announced plans to build $326m of new
U healthcare and residential projects in the
Gulf, including six new hospitals and 12
V
clinics in the UAE, Egypt and India.
W The group said it was embarking upon
a massive recruitment drive to support
X
its planned growth, targeting 25,000 new
Y employees by 2022 in addition to the
5,000 current staff.
Z A third-generation entrepreneur,
Moideen was primed for business
from an early age, handling the India-
based conglomerate established by his
father Ahamed Hajee Mohiudeen, and
grandfather Yenepoya Moideen Kunhi
before him. Moideen has used his talents
to expand the firm even further.
Following numerous business trips
to the UAE, he decided to establish
the Thumbay Group in 1998. It has
since ventured into health education,
healthcare, research, diagnostics, retail
pharmacy, health communications,
information technology, retail opticals,
wellness, hospitality, distribution and
real estate. His son, Akbar Moideen
Thumbay, is vice-president of Thumbay
Group’s healthcare and retail division.
42 Vol. 19/04, January – February 2018