Shetty, is an Indian-born businessman and former billionaire, the founder and acquirer of a number of companies based in the United Arab Emirates, including Abu Dhabi–based NMC Health,[1][2] Neopharma, BRS Ventures, and Finablr.

[7][8] On 8 April 2020, NMC Health went into Administration in the United Kingdom due to corporate governance concerns and a share price in freefall.

[11] On 15 April 2020, Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health with the Attorney General's Office of UAE.

Shetty completed his pharmaceutical education from Manipal in India and also served as the Vice-Chairman of the Municipal Council in Udupi.

[19] Consequent to the request from the NMC board of directors and an on-going investigation of potential financial irregularities, the company was de-listed from London Stock Exchange and was removed from FTSE 100 index.

UAE Exchange was founded by Daniel Varghese in an attempt to ease the process of sending money by the expats to their families in their respective home countries.

[22] In June 2016, Shetty announced that he was building the first medical university in Abu Dhabi in honor of Sheikh Zayed.

[22] In August 2019, BRS Ventures announced plans to invest $5 billion in developing healthcare facilities across India.

[25] In February 2020, a Bloomberg News report cast doubts on his real holding amidst the short-selling of NMC Health by Muddy Waters Research[26] Also in February 2020, Shetty was ousted from the NMC Health board following a corporate governance scandal over his holdings in the company.

[32] Sheikh Mohammed bin Rashid al Maktoum nominated Shetty as a member of the UAE medical council in September 2016.

[33] In April 2017, Shetty announced that he would invest Rs 1000 crore ($157.3 million) to produce a film with director V. A. Shrikumar Menon.

[36] Given by Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, the first year the distinction was awarded.