Dr. Shamsheer Vayalil, Founder and Managing Director of VPS Healthcare, an integrated healthcare organization with network of hospitals, clinics, pharmaceutical manufacturing unit and pharmacies in the UAE and India, has entered the Forbes’ richest Indian list at No. 98 with a combined net worth of $1.27 Billion. With this he has become the youngest South Indian to make it to the top 100 and also the third youngest Indian to make it to the prestigious list.
VPS Healthcare is making massive investments in the Indian healthcare sector. The Group made its Indian foray by acquiring majority stakes in Lakeshore Hospital in Kochi and Rockland Hospitals in Delhi NCR earlier this year.
In the Middle East, VPS runs a chain of hospitals, medical centres, pharmacies, and pharmaceutical manufacturing units under different brand names. "Such recognitions would add impetus to the dedicated efforts put in to develop and deliver the best healthcare services at world-class level," opined Dr. Shamsheer.
The radiologist-turned-entrepreneur has been bestowed with various awards and recognitions. Earlier, Forbes Middle East and the arabianbusiness.com had listed him as one of the top 50 Indian business leaders and one of the 50 richest Indians in the GCC. In 2014, Dr. Shamsheer was awarded the prestigious Pravasi Bharatiya Samman by the Government of India for his contribution in field of healthcare business and for promoting better understanding of India in UAE.