Thumbay Group plans fivefold growth as it celebrates 26 years in UAE
Ajman/UAE: (Press Release) Marking a major milestone, Thumbay Group celebrates 26 years of prosperous business operations in the United Arab Emirates this August 2024. Founded by Dr. Thumbay Moideen in 1997, the group has grown into a major force in the UAE's healthcare and medical education sectors, with Gulf Medical University as its flagship venture. Through consistent innovation, high standards of quality, and a dedication to community betterment, Thumbay Group has expanded across diverse industries over the years.
Reflecting on the journey, Dr. Thumbay Moideen, Founder President of Thumbay Group, commented, “Our 26-year journey in the UAE affirms the strong bilateral relations between India and the UAE, and the tremendous support we have received from the UAE government and its visionary leaders. Their encouragement has created an ecosystem where Indian entrepreneurs can thrive and contribute meaningfully to the nation’s progress. At Thumbay Group, we remain committed to advancing healthcare and medical education while scaling a culture of innovation.”
As of today, Thumbay Group’s ventures, including Gulf Medical University, have grown to become the largest private medical university operated by an Indian businessman, contributing to 60% of the UAE’s healthcare professionals. Recognized as an Academic Health System, the university excels in healthcare, education, and research. Thumbay Group's growth is marked by an extensive portfolio, encompassing the UAE’s largest private academic hospital network, clinics, pharmacies, and various hospitality ventures. With over 110 touchpoints across the seven emirates and partnerships with 70 global institutions, the Group has treated 11 million patients and graduated 4,000 students from 102 nationalities.
He added, “As we look ahead to Vision 2028, we are motivated about the opportunities to further expand our global footprint and introduce new initiatives that will continue to set benchmarks in the industry.”
The Group’s forward-looking Vision 2028 aims for fivefold growth, with plans to introduce new institutes and expand globally through franchising in markets like Saudi Arabia and Egypt. Gulf Medical University will continue to innovate with new degree programs and international partnerships. The healthcare divisions are planning a comprehensive Oncology Center, an advanced Cosmetology Center, and initiatives in alternative medicine, all while enhancing long-term care facilities.
In 2024, Dr. Thumbay Moideen was awarded an honorary doctorate by Mangalore University, and under his leadership, Gulf Medical University has achieved global recognition, ranking in the Times Higher Education Impact Rankings and receiving the ‘Excellence in Research’ award from the UAE Ministry of Health and Prevention. The Thumbay Healthcare Division, recognized globally for its excellence, earned the prestigious JCI Enterprise Accreditation, making it the fifth healthcare entity worldwide to receive this title. The Thumbay Physical Therapy & Rehabilitation Hospital, the UAE’s largest and most advanced CARF-accredited facility, exemplifies the Group’s commitment to healthcare excellence.
With aspirational goals to broaden its influence and expand its global footprint in healthcare, education, and community welfare, Thumbay Group is well-positioned for sustained success as it marks 26 years in the United Arab Emirates.
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Realtor 'suicide': K'taka HM directs police to investigate circumstances that led to incident
Bengaluru (PTI): Karnataka Home Minister G Parameshwara on Saturday said the police have been directed to conduct an inquiry into the circumstances that led to the "suicide" of Confident Group chairperson C J Roy, who allegedly shot himself dead his office here when I-T officials were present in connection with earlier searches.
Speaking to reporters, Parameshwara said the Income Tax Department had earlier conducted searches at Roy's company and were in the process of completing statutory procedures.
"There was a raid in his company in December (last). There is a rule that within 60 days a charge sheet has to be filed in the court. They had to finalise before February 4. Hence, he was summoned," he said.
Roy had recently returned from abroad and was cooperating with the authorities, he added.
"Three days ago, he had returned from Dubai. The I-T officials went to his office to record his statement. He too responded to it," Parameshwara said.
"In the meantime, Roy told the officials that he would be back in five minutes but he did not return even after 20 minutes. Then his suicide came to the notice."
Parameshwara said he has ordered a police inquiry into the incident.
"I have directed police officials to conduct an inquiry into the circumstances that led to the incident. Things will be clear only after the report comes out," he said.
He added that Roy's family has linked the incident to the I-T action. "Roy's brother has also given a statement that this incident happened due to I-T raids. Our police officers haven't looked into it from that aspect," he said.
When asked whether there was any political angle to the increasing Income Tax raids, the HM declined to speculate.
"As the Home Minister I would not say anything more than it," he said.
Clarifying on the scope of the probe, Parameshwara said, "Police will only investigate the suicide case. If something else emerges then that will also be investigated."
Real estate tycoon Roy, who was in his late 50s, suffered bullet injuries from his licensed firearm at his office near Richmond Circle in the city.
Soon after a gunshot was heard, staff members rushed to his room and found him lying in a pool of blood. He was immediately taken to a hospital, where doctors declared him dead.
I-T sources said searches on Roy's premises had begun about two months ago.
Roy's brother has alleged that he might have taken the extreme step due to pressure from the central agency.
Roy was originally from Kerala.
