Board of Directors

Our top management team has been with us for over a decade and each of them has given us their unstinted support and commitment all through their time with us. They have brought to the organization quality and achievements that have consistently raised our stature in the industry to newer heights.

Dr. B. R. Shetty


Visionaries are born with an urge to accomplish their desires which often cosset the interest of the society at large. Padmashree Dr. B.R. Shetty upheld the highest standards of quality and excellence throughout his career as an industrialist, builder, health care and financial services provider, educationist and sportsman. His exemplary courage and never give up attitude has added heaps of accolades and a plethora of successes which has been escalated through medias across the globe. He always had an enterprising spirit that could hardly be contained in the small township of Udupi, Mangalore, thus moving out to Abu Dhabi in 1973, where he started the New Medical Centre (NMC), and the UAE Exchange, which are part of a large chain of companies with a global presence. The initial success story therefore signaled the spawning of new enterprises as Dr. Shetty set about in earnest diversification of business, that witnessed forays into a bewildering range of businesses spread over distribution of pharmaceuticals, scientific/medical equipment, foodstuff, financial services, gold and diamond jewelery, real estate, IT, Engineering projects and services and hospitality industry.

Dr B. R. Shetty has always taken up the pursuit of excellence throughout his life. Decades of experience in his field of business, has given him profound insight about the society and its needs which has sharpened his crave for society thus making him the best contributor for social cause, benefiting the deprived throughout the globe. He has many notable feathers in his hat among which mentioned could be made of prestigious Padmashree and Pravasi Bharatiya Samman Awards by the President of India, the Karnataka Rajyothsava Award conferred by the Government of Karnataka, the Rainbow Laurel Award conferred by the Maharaja of Travancore.

Dr. B. R. Shetty, Chairman and founder of UAE Exchange India, and Managing Director and CEO of UAE Exchange Centre LLC, UAE, is also the founding partner and Chief Executive Officer of NMC Healthcare, Abu Dhabi.

Born in India, Dr Shetty arrived in UAE in 1973 shortly after the country’s formation.As a trained pharmacist, he opened his first pharmacy in 1975. Dr Shetty’s other business activities include UAE Exchange Abu Dhabi, a leading global money transfer and foreign exchange provider, and investments in hospitality, food and beverage, pharmaceutical manufacturing and real estate.

NMC has since grown to become the UAE’s largest private sector healthcare provider. Today, it has hospitals and clinics across the UAE and treats almost two million patients a year.

Dr Shetty’s other business activities include UAE Exchange, a leading global money transfer and foreign exchange provider, of which he is Managing Director and CEO, and investments in hospitality, food and beverage, pharmaceutical manufacturing and real estate.

Dr. Shetty received the Order of Abu Dhabi in 2005, the country’s highest civilian award, for contribution to the development of Abu Dhabi, UAE and the cause of the Emirate, as well as the Padma Shri Award and Pravasi Bharatiya Samman Awards by the President of India, the Karnataka Rajyothsava Award conferred by the Government of Karnataka, the Rainbow Laurel Award conferred by the Maharaja of Travancore.

In addition to his business activities, Dr. Shetty is involved in several philanthropic causes. He has supported the development of a medical institution in the north Indian state of Uttaranchal and is the founder and patron of the Indian Pharmaceutical Association in the UAE.

He is a member of the Advisory Board of the Dubai Economic Department’s Financial Sector, Chairman of the Abu Dhabi Indian School, Founder and Vice President of the Swiss Business Council, and Founder of the Australian Business Council, the Canadian Business Council, the Netherlands Business Group and the Philippines Business Council.

Dr Shetty is also a member of the Executive Panel of Dubai’s Pharmaceutical and Health Equipment Trading Business Group under the Dubai Chamber of Commerce and Industry.

A passionate cricket fan, Dr Shetty is the former President of the Abu Dhabi Cricket Council and was the Managing Director of the Abu Dhabi Cricket Club from its inception in 1989 until 2006.

Dr B. R. Shetty received a Doctorate from Georgia State University, Atlanta, USA and is also a member of the International Advisory Board of Boston University, USA.

    Mr. V. George Antony

    Managing Director

    Mr V George Antony, born at ‘Alappuzha’ - the Venice of the East , is a graduate in commerce, who has started his career with Catholic Syrian Bank in 1981. The endeavour and aspiration incited him on to look for something more challenging, which finally took him to UAE in 1982 and he joined UAE Exchange Centre LLC, Abu Dhabi, in its 2nd year of operations. The courage and industriousness proved him to be chosen by the parent company to start its Indian operations at Kochi, Kerala in 1994.

    The strong determination and hard work placed him among the few outstanding successful business leaders in India. His 36 years of experience in business and the finance industry makes him an inspiring leader to his aspirant juniors.

    The driving force that keeps him young at heart and focused in mind is his vision. His excellent guidance leads the company to become one of the top financial institutions in India delivering the finest services through its versatile products like Money transfer, Foreign Exchange, Travel & Tours, Loans, Insurance, XPay Cash Wallet and Share Trading & Demat.

      Mr. B. S. Shetty


      Mr. B S Shetty, Non-Executive Director to the Board, has been associated with the Company since its inception, and is the co-founder of the Company. Mr. Shetty hails from Mangalore and brings significant experience and expertise on client relationships to the Company. He guides the Company’s Board of Directors in various conventions with his impeccable wisdom which has helped the Company in various levels.

      Mr. B. S. Shetty is Vice Chairman of World Bunt’s Foundation Trust and is Honorary President of Bunt’s Sangh, Kaup, Udupi.

        UAE Exchange India-Board of Directors

        Dr. C. R. Shetty


        Dr. (Mrs.) C. R. Shetty is a Non-Executive Director of the Company and also serves as a Group Medical Director of Hospitals at NMC Health care LLC (NMCH). Dr. (Mrs.) Shetty has over 33 years of experience in the health care sector. Besides being an active medical practitioner since 1977, Dr. (Mrs.) Shetty has been actively involved in the conception, planning, design, execution and management of various health care facilities of NMCH. She serves as chairs various healthcare committees of NMCH and has been instrumental in the introduction of unit specific clinical and special medical services as well as mentoring multiple health care initiatives. Mrs. Shetty is also a Board Member of Alexandria New Medical Center, Egypt. She is the wife of Dr. B. R. Shetty and mother of his four children.

          Mr. Binay Shetty


          Mr. Binay Raghuram Shetty, is the Chief Operating Officer of Health care and distribution divisions at NMC Healthcare LLC. He holds a Bachelor of Science in Business Administration with specializations in Finance and Entrepreneurship from Boston University, Massachusetts, USA, earning him a place in the prestigious Dean’s list for outstanding academic achievements.

          Mr. Shetty serves as Vice Chairman to the Board of Directors of Alexandria New Medical Center, Eygpt. Mr. Shetty has 6 years of experience spanning healthcare, trading and allied businesses with specific focus on strategic planning, corporate governance, performance assessment and review functions.He is, currently a Director of UAE Exchange LLC, a leading global remittance and foreign exchange provider.

            Mr. Abraham Thariyan

            Independent Director

            Mr. Abraham Thariyan joined the board of UAE Exchange India as Independent Director on 3rd March 2015. Prior to this, he was the Executive Director of South Indian Bank from April 2009 to September 2014. He began his career with Federal Bank in 1972 and has thereon successfully risen through the ranks by handling multidimensional assignments and heading all the major functions in the Bank at various points of time.

            He became the General Manager of Federal bank in 2005 and he was in charge of International Banking, Treasury, SME Advances, Asset Recovery, Financial services, NRI services, overseeing representative offices and retail gold business up to 2009.

            Mr. Abraham Thariyan holds a Post Graduate degree in Sociology. He completed Master of Business Administration from Cochin University. He is also a Certified Associate of the Indian Institute of Bankers. He has attended training program on strategic thinking for business leadership at Stanford business school, Stanford university California in 2010.

            He has 20 years of experience in International Banking and Foreign Exchange and was an elected Managing Committee member of FEDAI (Foreign Exchange Dealers Association of India) for 15 years, representing private sector banks.

            He has served as Management committee member of Kerala Management Association. He was the Chairman of CSR Taskforce -Confederation of Indian Industry ,Kochi. He was also a Panel member of IBA Standing committee on Payment system and banking technology. Presently he is the President of State Forum of Bankers Club Kerala, an apex body of Banker’s Clubs in Kerala.

            Terms of Appointment

              Mr. M. Narendra

              Independent Director

              Mr. M. Narendra joined UAE Exchange India as Independent Director on September 5, 2015. He is a Commerce graduate with Bachelor of Law Degree (University III Rank in both) and is a Certified Member of the Indian Institute of Bankers (CAIIB). Mr. Narendra is an eminent banking professional with 40 years of wide experience and exposure in Banking arena. He started his career as office trainee at Corporation Bank in 1975. Thereafter, in the year 2008, he became Executive Director in Bank of India for a period of 2 years. During his tenure in Bank of India, he has ensured to achieve all parameters like Team Building, Brand Enhancement, Priority Sector initiatives, Branch expansions, new initiatives for effective Risk Management etc.

              He, later, joined as Chairman and Managing Director of Indian Overseas Bank in 2010 and retired as CMD in 2014.


              With his rich and diversified field experience, IOB ranked 7th place in business among 19 nationalised banks since March 2011. Mr. Narendra has at his credit, some of the prestigious awards in the field of banking industry, for his excellence in outstanding performances and exceptional contribution to Indian Banking sector. He has held membership in RBI’s Technical Advisory Committee on Money, Forex and Government Securities Markets. He also held various esteemed councils and committees with Indian Bank’s Association (IBA). He is currently also the chairman of ASSOCHAM National Council for Banking & Finance.

              Terms of Appointment

                Mr. R. Krishnan

                Finance Director

                On 7th April, 2005 Mr Krishnan R started his journey with UAE Exchange & Financial Services Ltd as its Manager-Internal Audit. He continued in the post till January 2006 and successfully handled internal audit of branches and administrative office. Then he was elevated as Manager-Finance with responsibility of Finance, Tax & MIS of the organization. Now he serves the Company as its Director and Chief Finance Officer monitoring the entire finance, Tax, Annual Budgeting and MIS operations of the organization in India.

                As Director and Chief Finance Officer, Mr Krishnan successfully raised funds from various banks for the company. Spearheaded financial aspects for transformation of 40 Crore company into a more than 200 Crore topline company. Established stronger financial reporting, enhanced cost controls and built new tax department.

                He played a key role in obtaining credit rating for the banking limits and in obtaining membership with CIBIL for the company.
                It was under his guidance an efficient MIS system for the company and branches was developed and influenced the management in making various decisions.

                Played Key role in positioning the company for IPO/PE investment to further augment the growth of the company.Played key role in the team for making Banking License Application for the Company. As Manager-Internal Audit, he was instrumental in developing standard audit questionnaire for branches, dealing room guidelines and daily audit of rate loading, receivables etc.

                Future Plans:
                Looking ahead into the future Mr Krishnan sees the PE/IPO Listing of the company, credit rating for the whole company and ISO accreditation for the operations.

                Personal Front:
                Mr Krishnan lives with his father, mother, wife and son in Cochin. His wife Ms Kavitha is also employed with UAE Exchange. He likes traveling, Sports and Music.

                  Ms. Maya Menon

                  Company Secretary

                  Ms. Maya Menon has joined our Company on 17th January 2014 and is our Company Secretary. Prior to joining the Company she had her stint with Redington (India) Limited, Chennai as Secretarial Executive, and as Management Trainee with The South Indian Bank Limited at their Head office at Trichur. Maya, who was State Rank-holder in Higher Secondary Exams in Kerala, has also done her Masters in Commerce. She is an active member and also a Faculty at ICSI Trichur Chapter.

                  Ms. Maya Menon currently handles and is responsible for the Secretarial and Corporate Compliance Activities of the Company. Looking forward, she expects to maintain an efficient Governance-oriented Compliance System which enables future prospects like IPO, Credit Rating etc.

                  Mother of 3 year old Niranjana, she loves reading, dancing, music and painting and above all having fun time with her kid.

                    Mr. Vijayakrishna K T

                    Advisor to the Board

                    Mr. Vijayakrishna KT joined the company as an advisor to the Board. He has 34 years of experience, predominantly with Public Limited Companies. He also serves as a practicing Company Secretary and Corporate Counsel with leading corporate giants across the nation.

                    He has been associated as a Consultant and Adviser with many members of the corporate clientele, Public Sector Undertakings (PSUs) taking up assignments related to Corporate Laws, Corporate Affairs, IPOs, Rights Issues, Preferential Issues, Mergers & Acquisitions, Corporate Restructuring, Fund Raising Tasks, Project Finance, Loan Syndication etc.

                    He is a graduate with BBM (Bachelor of Business Management) and LLB (Bachelor of Laws). He is also a fellow Member of the Institute of Company Secretaries of India (FCS) and Associate Member of the Institute of Cost and Work Accountants of India (AICWA).