Man Man, born in India, built one of the largest hospital chains in the Gulf, with his net worth of Rs…
Many Indians immigrated abroad, hoping to build a new life. But not many people have been able to have a successful and admirable journey as businessman Shamsheer Vayalil.
Many Indians immigrated abroad, hoping to build a new life. But not many people have been able to have a successful and admirable journey as Shamsheer Vayalil has. The 48-year-old moved to the United Arab Emirates (UAE) about twenty years ago and never looked back. Today, he owns one of the largest hospital chains in the Gulf and ranks among the richest expats in India.
Personal life
Shamsheer Vayalil Parambath was born on January 11, 1977 in Kozhikode, Kerala. He studied medicine at Kasturba Medical College in Manipal and studied his MD in radiology from Sri Ramachandra Medical College and Institute in Chennai. He also completed a radiology fellowship at Massachusetts General Hospital in Boston, USA.
He married Shabeena, the eldest daughter of the billionaire chairman of Lulu Group Ma Yusuff Ali. Vayalil and Shabeena have four children.
Early careers and business
Vayalil began his career as a radiologist at the Sheikh Khalifa Medical City in Abu Dhabi. He later quit the job and started finding VPS Healthcare from a hospital in Abu Dhabi in 2007.
After years of growth and expansion, the company today operates over 23 hospitals and 125 medical centers in the UAE, India, Oman and several other countries. The team employs approximately 13,000 employees and serves 4.3 million patients each year.
Brands in part of the VPS group include Burjeel Holdings, Lifepharma, Lakeshore Hospital, Ziva and Response Plus Holdings.
Charity and Awards
Vayalil is known for its philanthropy and efforts. His VPS Foundation focuses on health care and education in underserved communities. He signed a donation commitment with his wife Shabeena in 2018, pledging to donate at least half of his wealth. In 2014, he was awarded Pravasi Bharatiya Samman – the highest non-resident civilian honor in India (NRIS).
net worth
According to Forbes, Vayalier's estimated net worth is US$2.1 billion or more than Rs 17,600 crore, ranking him among the richest people in India.
Interesting facts
Egyptian Eman Ahmed, an Egyptian nation once known as the “heaviest woman in the world”, was treated for free at Burjeel Hospital until her death in 2017. Vayalil lives in Abu Dhabi, the UAE.
