Thumbay Group completes 23 years of establishment
Founder President Dr. Thumbay Moideen, counts three reasons of group's success
Ajman: Thumbay Group has completed 23 years of its establishment and has etched its mark on the global map especially in its core sectors of medical education, healthcare, and research.
Established in 1998 by its Founder President Dr. Thumbay Moideen, Thumbay Group has crafted many a success story, especially in its core sectors of medical education, healthcare and research. The Group’s distinctive achievements and reputation in the UAE’s corporate landscape led it to accomplish the extraordinary and has been credited with several ‘firsts’ in the region’s private sector, such as the first private medical university, first-ever private academic hospital, the first and only private Academic Health System and much more.
Thumbay Group’s pioneering role in the region has led to creating something as unique as Thumbay Medicity in Ajman, UAE, with advanced facilities in education, healthcare, research, leisure, luxury, fitness, entertainment, etc., built with an investment of more than a billion Dirhams. It is the first such project in the private sector of not only the UAE, but of the entire Middle East region, and has evolved as a regional hub of futuristic medical education, state-of-the-art healthcare, and cutting-edge research, creating a mark in the global map.
“Thumbay Medicity features the most modern technology and global expertise in teaching/training, healthcare delivery and research/innovation, attracting the best student and professional talent towards shaping the future of education, healthcare, and research. The Gulf Medical University (GMU) has students from over 86 countries and faculty/staff from over 30 nationalities. It is the largest private medical university in the region with 6 colleges and 26 accredited programs, having over 2000 full-time students and around 2000 part-time students. GMU has established robust collaborations with around 70 prestigious universities and research institutions worldwide” a press release from the group added.
“The Thumbay Hospital network, which today has the distinction of being the biggest chain of private academic hospitals in the region, treats patients from as many as 175 countries. Thumbay Group’s Healthcare Division operates 8 academic hospitals, 10 family clinics, 5 diagnostic labs, and 46 retail pharmacy outlets. The University and the network of Thumbay academic hospitals and clinics together train around 20% of the doctors and approximately 60% of the healthcare professionals in the country, creating a significant impact on the healthcare sector of the country and the region. The group employs over 3500 staff, out of which 400 are doctors” it added”.
Looking back at the accomplishments of Thumbay Group over the years, with his eyes firmly set on the goals ahead, Dr. Thumbay Moideen, the Founder President says that Thumbay Group’s zeal for embarking on unique initiatives, always aligned with the strategic vision of the UAE’s leadership has been the reason for his consistent success. “I have always regarded God’s Grace, the government’s support, and my team as the three main reasons for our achievements,” he says.
Thumbay Medicity houses the Gulf Medical University - the region’s leading private medical university, Thumbay University Hospital - the largest private academic hospital in the region, Thumbay Dental Hospital - the first private dental hospital in the country and the largest academic dental hospital in the Middle East region’s private sector, and Thumbay Physical Therapy and Rehabilitation Hospital - the biggest state-of-the-art rehabilitation hospital in the country. It also has outlets of Thumbay Pharmacy – including the biggest robotic pharmacy, in addition to the central lab of Thumbay Labs – the biggest CAP-accredited private diagnostic labs in the region, as well as leisure and hospitality amenities such as Body & Soul Health Club and Spa, Thumbay Food Court, The Terrace Restaurant, Blends & Brews Coffee Shoppe, etc., as well as the Thumbay Housing Project to accommodate 2500 staff and students. With its state-of-the-art facilities and superior amenities, Thumbay Medicity will attract a floating population of 15,000, daily, the release further added.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Aditya Birla Group-led consortium acquires RCB for USD 1.78 billion
Bengaluru (PTI): A consortium led by the Aditya Birla Group (ABG) on Tuesday acquired 100 percent equity stake in IPL franchise Royal Challengers Bengaluru for a whopping USD 1.78 billion (approximately Rs 16,706 crore) from its current owner the United Spirits Limited.
Other parties involved in the group are -- Blackstone’s perpetual private equity strategy, BXPE, a firm of which Viral Patel is the CEO, Bolt Ventures, owned by American investor David Blitzer, and media conglomerate Times of India.
“United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100 percent equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium,” the USL said in a statement.
“The consortium comprises Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy, BXPE (Blackstone) for a total consideration of INR 166.6 bn in an all cash transaction,” the statement added.
The transaction includes RCB's men’s and women’s (WPL) teams.
“RCSPL owns and operates Royal Challengers Bengaluru (RCB) franchises that participate in the Indian Premier League (IPL) and Women’s Premier League (WPL).
“Upon completion of this transaction, the consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and WPL franchise,” said the USL.
The announcement also concluded the strategic review of RCSPL that was initiated by USL on November 5, 2025.
The United Spirits Limited is a subsidiary of UK-Diageo, and they were keen to move away from RCB as the team was not central to their business plans.
Commenting on the transaction, Praveen Someshwar, MD & CEO, USL, said: “This transaction marks an important milestone for USL as we sharpen focus on our core beverage alcohol business to unlock its true potential. RCB has grown into the most prominent and commercially successful franchise in the IPL and WPL.
“We are excited for the future of RCB under the stewardship of the new owner. As Sports enters a new phase of growth in India & globally, we believe this is in the best interest of the franchise and our stakeholders.”
Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past 2 decades, the IPL has morphed to become a global sporting powerhouse that has changed the face of Indian cricket creating enormous value for India.
“RCB, as one of the most compelling franchises in modern sport, offers the Aditya Birla Group a distinctive platform to extend its legacy of institution-building into the arena of global sport.”
As per the sale agreement, Aryaman Vikram Birla, ABG’s director, will be the chairman of RCB while Satyan Gajwani of Times of India will be his deputy.
Aryaman Birla, said: “It is a privilege to come together in this partnership to shape the next phase of growth for RCB. This partnership brings together a deep understanding of sports, media and consumer businesses.
“Together, we will continue to Play Bold -- on the pitch, in the community, and for the fans who make RCB what it is.”
Gajwani, Chairman, Times Internet Limited, said: “RCB is the reigning champion and the most popular brand in the IPL. We will build RCB into a global sporting institution, while remaining rooted in Bengaluru and Karnataka and its incredible fanbase.”
Blitzer hoped to build on RCB’s recent success.
“RCB has a world-class fanbase, and the IPL is one of the great growth stories in global sport. Having invested in clubs and leagues around the world, I believe the opportunity at RCB stands out.
We look forward to working alongside our partners and the BCCI to build on the franchise’s championship success,” he said.
Patel praised the RCB as one of the strongest sporting brands in the world.
“We are excited to invest in RCB, building on Blackstone’s long-standing commitment to India. RCB stands out as one of the most popular sports franchises in the world with a powerful brand, a loyal fan base, and multiple avenues for growth,” he added.
However, formalities such as ratification from the BCCI, IPL Governing Council, its WPL counterpart and the Competition Commission of India are still pending.
Earlier, IPL franchise Rajasthan Royals was acquired by US-based Kal Somani-led consortium for USD 1.63 billion (approx Rs 15,290 crore),
The Somani-led consortium includes Rob Walton from the Walmart family and Hamp family (Ford motor company).
Somani is an Arizona-based tech entrepreneur who has founded IntraEdge (technology services and solutions), Truyo.Ai (data privacy rights and AI governance) and Academian (edtech services).
The other contenders to buy the team, which won the inaugural trophy in 2008, were the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal.
