Dr. Thumbay Moideen, an Indian businessman based in Dubai, is the founder and president of Thumbay Group, a diversified international business conglomerate. His company has expanded across 20 sectors, ranging from healthcare to education, making a remarkable impact both regionally and internationally. With a legacy built on perseverance and innovation, Thumbay Moideen’s journey is one of immense personal and professional growth.
Thumbay Moideen: A Foundation Built on Family Legacy
Dr. Moideen was born on March 23, 1957, in Mangalore, India, to Ahamed Hajee Mohiudeen and Bee Fathima Ahmed Hajee. He comes from a well-known family of entrepreneurs, making him a third-generation business leader. At the age of 21, he took charge of his father’s business house, a significant step in assuming leadership of the family’s legacy. Dr. Moideen’s early exposure to business instilled in him a sense of responsibility and determination that would guide him in his future ventures.
The Birth of Thumbay Group: A Bold Move to the Gulf
In 1998, Dr. Moideen made a daring move by expanding his family business to the Gulf, launching Thumbay Group in the UAE. He became the first expatriate to be invited by the rulers of Ajman to start a medical institution in the UAE, resulting in the establishment of Gulf Medical University. This was a milestone that would pave the way for Thumbay Group’s success in the region.
Under his leadership, the university has become a hub for medical education, attracting students from over 80 countries. The establishment of the university marked the beginning of Thumbay Group’s diversified ventures. Dr. Moideen’s ability to identify opportunities in key sectors such as healthcare, education, and wellness allowed him to build an empire that now spans over 20 sectors.
Thumbay Group: A Multi-Sector Conglomerate
Today, Thumbay Group is a conglomerate with business interests in healthcare, education, medical research, diagnostics, retail pharmacy, wellness, hospitality, real estate, media, and many other industries. The group employs nearly 5,000 people across the UAE and continues to expand its reach globally. The group’s flagship business, Thumbay Hospitals, celebrated 17 years of service in 2017, delivering quality healthcare to the community.
Dr. Moideen’s vision to diversify the group’s interests has led to its involvement in several other sectors, each of which contributes to the region’s economic growth. His company’s significant investments in healthcare have not only made Thumbay Group a household name but have also improved access to quality medical services in the UAE.
Recognition and Achievements: A Testimony to Hard Work and Innovation
Dr. Moideen’s leadership and vision have been recognized both in the UAE and internationally. In 2016, Forbes Middle East ranked him 16th among “The Top Indian Business Leaders in the Arab World.” His business acumen and leadership in the healthcare sector earned him a spot in the prestigious “Barclays Hurun India Rich List” in 2018.
Throughout his career, Dr. Moideen has been honored with numerous awards. These include the prestigious ‘Global Leader’ award at the NDTV Gulf Indian Excellence Awards in 2016, the Indian Innovator Award in 2015, and several other accolades for his contributions to medical education and healthcare. His recognition as one of the most influential Indians in the Middle East has been consistent, with several appearances on the cover of Forbes Middle East.
Thumbay Foundation: Giving Back to the Community
Dr. Moideen’s commitment to giving back to society is reflected in the Thumbay Foundation, a charitable trust that supports various initiatives in healthcare and education. The foundation offers scholarships, grants, and other forms of financial assistance to students pursuing education in medical and related fields. Through the Thumbay Foundation, Dr. Moideen has made a significant impact on the lives of countless students, helping them pursue their dreams of higher education.
The foundation’s charitable activities align with Dr. Moideen’s belief in the importance of education and healthcare in fostering social and economic development. His leadership in this regard reflects a deep sense of social responsibility and a commitment to improving the lives of people in his community.
A Family Legacy: The Next Generation of Leadership
Dr. Moideen is married to Zohra, and together, they have two sons, Akbar and Akram Moideen Thumbay. The next generation of the Thumbay family is already making a mark in the business world. Akbar, who manages the healthcare division of Thumbay Group, has played a crucial role in the growth of the group’s hospitals and medical services. Akram, on the other hand, oversees the construction and renovation division, in addition to managing Thumbay Technologies.
The couple’s sons are actively involved in the day-to-day operations of Thumbay Group, ensuring that the family legacy is carried forward. Akbar’s wife, Nousheen Salma, is also involved in the group’s business, managing the editorial and design aspects of ‘Health’ magazine, a publication focused on health and lifestyle.
Net Worth: A Billionaire with Humble Beginnings
As of 2024, Dr. Thumbay Moideen’s net worth is estimated at $2.5 billion. His wealth has grown steadily over the years, thanks to his strategic investments and the success of Thumbay Group. Despite his wealth, Dr. Moideen is known for his humility and dedication to making a difference in society.
Speaking at Prestigious Conferences: A Thought Leader
Throughout his career, Dr. Moideen has been invited to speak at several prestigious conferences and seminars worldwide. He has been a keynote speaker at events such as the Emirates NBD Global Business Series in Dubai and the Vibrant Business Summit in India. His presence at such events highlights his status as a thought leader in the business community.
Dr. Moideen’s ability to connect with audiences, share his experiences, and discuss the challenges and opportunities in the business world has earned him recognition as a respected leader. His talks at international conferences have inspired many aspiring entrepreneurs and business leaders to follow in his footsteps.
The Vision for the Future: Expanding Horizons
As Thumbay Group continues to grow, Dr. Moideen’s vision remains focused on expanding the company’s presence across the globe. With a strong foundation in healthcare and education, he plans to further diversify the group’s investments into emerging industries such as technology and medical tourism. His forward-thinking approach ensures that Thumbay Group will remain a key player in the global business landscape for years to come.
Conclusion: A Legacy of Excellence and Service
Dr. Thumbay Moideen’s journey from a young entrepreneur in India to the president of a multinational business conglomerate is a testament to his hard work, resilience, and visionary leadership. His achievements in healthcare, education, and beyond have not only transformed the Thumbay Group but have also made a lasting impact on the communities he serves.
Through his business empire and charitable initiatives, Dr. Moideen has proven that success is not just about wealth but also about making a difference in people’s lives. His commitment to excellence and service continues to inspire countless individuals worldwide, making him a true role model for aspiring entrepreneurs. Do follow him on Instagram.
