Thursday, 16 June 2011

Bunt Path Finders

B. R. Shetty

B.R.Shetty (Bavaguthu Raghu Shetty) first started attending school in his village and   walked barefoot like most of other children of the village. He admits that he was  not particularly brilliant at school and learning did not come easily to him, but he possessed a great gift that is the ability to work hard with dedication towards the task in mind.B.R.Shetty obtained a degree in clinical pharmacy and went to UAE in the year 1972 with a determination to succeed in his chosen filed of business that he pursued with characteristic modesty.
Dr. Shetty started exploring the opportunities in store with nothing more than few Dirhams jingling in his pocket. The fledging nation of UAE that emerged as a federation in the year 1971 was on a frog leap, health care facility was rudimentary and Dr.Shetty was quick to spot the potential in store, to set up the NMC Hospital in Abu Dhabi the first of its kind in the country. Branches in Dubai and Sharjah followed the suit.Today his group has given employment and livelihood for more than 10,000 people in UAE with interests in Health care, Financial Sector, Manufacturing, Information Technology and Hospitality sector

Health care Sector
 With a very modest beginning he set up a small clinic which in the span last thirty five years has metamorphosed as a giant health care conglomerate under the umbrella of NMC Group (New Medical Centre).
The health care institutions covered under NMC Group are as follows:


Hospitals
» NMC Specialty Hospital, Abu Dhabi
» NMC Hospital, Dubai
» NMC Specialty Hospital, Dubai
» New Medical Centre, Sharjah
» New National Medical Centre, Mussafah
» National Hospital, Abu Dhabi
» NMC Family Clinic, Dubai
» NMC Specialty Hospital, Al Ain

Financial Sector
 Dr.B.R Shetty never got tired of dreaming.It was in the year 1980 at a time when fund transfer mechanisms in the country were un organised and inadequate to meet the needs of expatriate population, specially the labourers who were in need of a reliable and affordable system to transfer the money.With his foresight and vision Dr. B.R. Shetty started UAE Exchange the money transfer.
The business acumen of Dr.B.R.Shetty saw the rise of one branch organization flourishing into one of the most prominent money transfer and money exchange houses of the world. In the span of less than thirty years UAE has a network of 328 branches and associate offices, support hubs corresponding banking relations with more than 100 banks, with presence 13 countries across the world.
Today the UAE Exchange is the undisputed leader in the UAE.

Manufacturing-Sector
 One of the momentous steps that followed in due course of time was back word integration into a state of art pharmaceutical manufacturing plant Neopharma, inaugurated by the then president of India Dr.A.P.J Abdul Kalam.

NEOPHARMA
 Neopharma, promoted by NMC is Abu Dhabi's first state-of-the-art pharmaceutical plant. The Dhs.90 million (US$ 25million) plant's design is based on the latest modular concept in pharma manufacturing and is fully compliant with international standards.
Strategically allied with multinationals Ranbaxy Global, Biocon, Dr. Reddy's from India, the U.S. Parke - Davis Pfizer, Canada's Apotex and Jamieson; SM Pharmaceuticals, Malaysia and the Swiss Lagap for product licensing and technical know how, Neopharma is living up to expectations of promoting the quality of healthcare
Environment by manufacturing pharmaceutical products to international standards at affordable prices.



Neocare
Neocare is the flagship brand of the Consumer Division at Neopharma comprising of home and personal care products.
The focus is on continuous innovation and creating a locally manufactured product of international quality to meet the customers’ expectations of affordability and performance. The R& D facilities at Neopharma and the Marketing team greatly facilitate this effort.
The Neocare range of products is marketed through the Consumer Division of New Medical Centre for Trading. Current product lines include hand washes, bar soaps and luxury soaps in the personal care segment; dishwashing liquids and all purpose cleaners in the home care segment.

 Emilam Industries
Emilam Industries LLC is the first company in the entire Gulf region to manufacture a vast range of laminated Melamine Faced Medium Density Fiber (MDF) Boards.
Located in the Jebel Ali Industrial Area, the plant has been installed at cost of over AED 5 Million (US$ 1.5 million). All major equipments including the Short Cycle Press was imported from Germany and installed under the supervision of German Consultants.
Emilam's products are popular in UAE as well in other countries including Oman, Kuwait and KSA.

Information Technology
The NMC has prominent presence in IT sector throughReliance InfoTech. Which mainly provide value added services in the field of software development, hardware peripherals, and network consultancy. Reliance Info Tech has a team of more than fifty engineers based in Mumbai to support the projects of Reliance Info Tech in UAE.
Hospitality
In the field oh hospitality,they have achieved immense success with the following projects :
  •   Foodlands,Abu Dhabi
  •   Foodlands,Dubai
  •   Zari Zardozi,Abu Dhabi
  •  Lotus
  •  Biterite

Lotus Hospitality started in 2002 with its first hotel – Lotus Hotel in Deira, Dubai. Since then, with its quest for service par excellence and in providing superior standards to its guests, Lotus Hospitality has now transformed into a chain with Hotels, Boutique Hotels and Grand Hotel Apartments.Lotus Hospitality, as part of its expansion, has announced two more properties for the forthcoming years – Lotus Grand Hotel Apartment in Marina, Dubai scheduled to open in 2008 and the Lotus Grand Hotel in Deira, Dubai scheduled to open in 2009.
The force behind the success of Dr.B.R.Shetty

Dr.B.R.Shetty is married to Dr.Chandrakumari R.Shetty and is blessed with four children-three daughters and one son.

Dr.Chandrakumari R.Shetty is the Medical Director and Chief Medical officer of NMC Health care division, despite these huge responsibilities she continues to be a successful medical practitioner.
Eldest daughter Dr.Neema  a  dental surgeon , she has earned MBA from Western Australia and has completed her post graduation in Healthcare Management.
Dr.Neema is married to Dr.Sharad Shetty, a Cardiologist from Mumbai University. Dr.Sharad Shetty was awarded successive gold medals by Mumbai University for topping both his General medicine as well as Cardiology examination. Dr.Sharad Shetty has completed , interventional Cardiology fellowship in Australia and has done advanced fellowship in Cardiac and Vascular interventions at Massachusetts General Hospital and Harvard Medical School in Boston USA. Sharad and Neema have been blessed with a baby boy, Aman.


The second daughter Reema graduated in Business Management from Boston University and is presently a Director at NMC. After spending some years understanding the core competencies of the group she went on to create and develop NMC’s first range of products-neocare.

Third daughter Seema graduated in Bachelor of Science in Business Administration (specializing in Marketing and Entrepreneurship) from Boston University.
Now she is the full time Director of NMC and spearheads, Indian themed restaurant - Zari Zardozi , which is a part of Le Royal Meridian, Abu Dhabi . BiteRite her other venture in Abu Dhabi and Dubai. BiteRite is committed to bring back the joy of savoring delicious food in and outside one’s home, providing complete healthcare solutions to diabetes.
On taking over Aabharan Jewellery she has not only changed the outlook of Aabharan but also conventional concept of jewellery industry in UAE.

Youngest son, Binay graduated in Finance and Entrepreneurship from Boston University, earning a place in the prestigious Dean`s list for outstanding academic achievements. He is now full time Director at NMC. Improving Healthcare facilities through NMC chain of Hospitals is one among Binay`s primary interest..
Binay Also extends his core attention to Neopharma, Abu Dhabi`s first state –of-the art pharmaceautical manufacturing facility. Binay is also actively involved in other business owned by NMC like Real Estate and Financial Services.

B.R.Shetty has achieved international success for himself and for our community.His name has profound respect and appreciation worldwide.His immense contribution to the society will always be remembered.Wishing him All the Best.

 BR Shetty Detailed Biography : http://www.br-shetty.com/brs_biography.pdf
More links: http://www.nmc.ae/index.htm             http://www.lotus-hospitality.com/



Dr.Devi Prasad Shetty

Shri Devi Prasad Shetty is originally from the erstwhile Kinnigoli, South Canara district (now divided into Dakshina Kannada and Udupi Districts of Karnataka.) Dr. Shetty completed the Pre University Course at St Alosius College in 1969.
His beginnings were humble enough. He was educated and trained in general surgery from the Kasturba Medical College, Mangalore (1982). He attained basic training in Cardiac Surgery at the West Midlands Cardiothoracic Rotation programme.
This was followed by his appointment at the Guy’s Hospital London – Cardiothoracic Unit, between 1983 and 1989. In 1989 Dr. Shetty and his team set up a 140-bed hospital Research Institute in Calcutta. It is in Calcutta that he hit big time and began making the country sit up and take notice of his work. He also has the distinction of being Mother Teresa’s doctor and treated her every time that she fell sick, especially before she breathed her last. But he was never the one to rest on his laurels.


His list of achievements is incredible to say the least. He is the first heart surgeon in India to venture into neo-natal open-heart surgery. He performed the first open-heart surgery in the world to close a hole in the heart with the help of a microchip camera. He used an artificial heart for the first time in India and performed the first surgery in India using the blood vessels of the stomach to bypass the blocked arteries of the heart.

The list is in fact endless. He also performed Asia’s first dynamic cardiomyoplasty operations. Dr Shetty's another claim to fame is his effort in reducing the cost of heart operations. The package pricing system devised by him has made heart surgery affordable to the common man. He is also responsible for introducing the concept of assembly line heart surgery, which aims at reducing the cost of surgery and achieving zero mortality.
Yashasvini, a joint venture programme of Narayana Hrudalaya,is possibly the world's cheapest comprehensive health insurance scheme, at Rs.5 (11 cents) per month, designed by Shetty and the Government of Karnataka for the poor farmers of the state. It is very well-utilized in Karnataka with millions of members.
But everybody will agree that his greatest achievement has been his work with children. He operates free for kids under twelve, and of his 13000 operations in a 16 year career span, over 5000 operations were on children. For him, compassion is the biggest thing in life. He has gone on record many times to say that, “If I am given a choice I would like to treat only poor patients. But unfortunately the economic reality does not allow me to do that."
Obviously, his personal mission is glaring clear – to make cardiac surgery affordable by creating a chain of heart hospitals in every state in India to serve the working class.
“There are clever people and some people are cleverer than me. I like to associate with people cleverer than me” says Shetty.
He won another feather in his already full cap when his hospital was appointed as the telemedicine center by some countries. With this Narayana Hrudayalaya is the biggest telemedicine center in the world, catering to some 19 countries, and exporting its expertise to wherever it is required. The hospital has made full use of Bangalore’s biggest asset, IT, in making heart treatment reachable and technologically viable.

His services to the common people in health care has been recognized by various institutions to name a few;
  • Schwab Foundation's award in 2005
  • Padma Shri award for Medicine in 2004
  • Dr. B C Roy award in 2003
  • Sir M. Visvesvaraya Memorial Award in 2003
  • Ernst & Young - Entrepreneur Of The Year in 2003
  • Rajyotsava award in 2002
  • Karnataka Ratna award in 2001          
We wish Dr.Devi Prasad all the best in his future endeavors towards the service to humanity.


Manmohan Shetty

Founder CEO and Managing Director ADLABS.

Mr.Manmohan Shetty was born in Mulki and is the youngest of nine siblings. Famously known as the man with Midas touch , started his carrier as a short film maker and with a small lab to process 16 mm film, after passing out of FITI (Film and Television Institute) Pune.Mr.Manmohan Shetty founded Adlabs in the year 1978 in partnership with Mr.Vasanji Mamania. The company was initially into making Ad films and later ventured into processing motion picture. The company went public in the year 2000 and expanded into film exhibition business, headed by his daughter Ms. Pooja Shetty.The Adlabs process more than 80% of the Bollywood films. Mr.Manmohan Shetty is the first one in India to enter into Multiplex business with an exclusive technological agreement with IMAX Cannada.The first IMAX Dome theatre in Wadala (the biggest in Asia) was launched in the year 2001.His production company, Entertainment One, has also produced films like, Gangaajal, Main Madhuri Dixit Banna Chahti Hoon, Inteha, Munnabhai M.B.B.S. and Dev.

In July-2005 Mr.Vasanji Mamania sold his stake in Adlabs and Reliance Group (Anil Ambani Division) acquired 51% stake in Adlabs for Rs.350.00 crores.Mr.Manmohan Shetty continued as Chairman  and his daughter Mrs. Pooja Shetty continued as the Director of the company.This arrangement continued till Sept-07. In October-07 Mr.Manmohan Shetty and Mrs.Pooja Shetty stepped down from the board of Adlabs.
Walk Water Media promoted by Mr.Manmohan Shetty was incorporated in April-08. Film production and co-venture in Media industry is the focus of this company. Mrs. Pooja Shetty is the Director of Walk Water Media, and she is actively involved in running this company.  iRock Media Ltd., was incorporated in March-08. This company is founded by Mr..Siddharth M Jain former head of Animation Division of Adlabs. Mr..Manmohan Shetty is the Angel Investor and Chairman of  iRock with an investment of Rs.100.00 Crores.iRock Medial Ltd., is focused on production of film with high end technology content, this could be animation or live action with VFX/animation, basically films with visually exciting content.
Mr.Manmohan Shetty doesn’t stop to surprise us even today. His current passion is an Amusement park.As per the media reports, Mr.Manmohan Shetty is planning to set up a Disneyland with a estimated investment of Rs.1500.00 crores, and has narrowed down two locations one in Panvel and other in Pen.The proposed Disneyland will be the biggest in Asia. The official announcement of this project is expected by NovDec-09.
Mr.Manmohan Shetty is one of the main donors for SM Shetty High School Pawai.He has also contributed substantially for Bombay Bunts Association.He is the current Chairman of Bunts Sangha’s Higher Education Project and is one the major donors for this project.Manmohan Shetty though being such a great personality and a legend of our times, but still he is a very humble and down to earth person .He is a man who hasn’t forgotten his roots. He is a man of values and virtues and that’s the reason the Film Industry, the Bunt community and the Nation is proud of him. We wish him all the best for the future to keep making us proud.


Shashi Kiran Shetty

Shashi Kiran Shetty-Chairman & Managing Director Allcargo Global Logistics  Ltd.

The Forbes magazine listed   946 new billionaires of the world for the year 2006 of which there were 36 Indian billionaires. The Business Today magazine of April-2007 issue featured six Indian promoters who were in the list of New Billionaires, with market wealth in the range of Rs.800-1750 Crore.
Mr.Shashi Kiran Shetty was prominent among them with a market capitalization, as on that day, of Rs.1638.00 Crore by virtue of his 75% holding in All Cargo Global Logistics Ltd.,
Shri Shashi Kiran Shetty  having graduated in commerce from SVS College Bantwal ,just like many other bunts landed in Mumbai at the age of twenty one (in the year 1978) from his native place with a degree in Commerce and a aspiration  to make it big.  He worked in operations and marketing department of Intermodal Transport and Trading systems, a logistic company, later he shifted to Tata Group Forbes Gokak.
With the experience acquired during the service for four years with the Intermodal and Forbes Gokak in the logistic business supported by the vision to achieve his dream Shri Shashi Kiran Shetty started TransIndia Freight services, a transportation company catering to shipping liners. He started this venture by taking a small office on rent near VT station with four employees and with an initial investment of Rs.25000\- This was in the year 1982. Shetty started handling cargo at the Mumbai Port. He later expanded to cover cargo of projects in the power and oil and gas sectors.

All Cargo Movers (India) Private Limited, incorporated as a private company on August 18, 1993 The name of the Company was changed to Allcargo Movers (India) Private Limited on June 25, 2004.The name of the Company was changed to Allcargo Global Logistics Private Limited on December 8, 2005 and was converted into a public limited company on January 17, 2006.
The Group's present operations are in seven key areas of the logistics business: Multi-modal Transport Operations, Container Freight Stations, Project and ODC Cargo Handling, Airfreight, Transport Logistics, Equipment Hiring and Oil Rig & Supply Vessels Management.
Shri. Shashi Kiran. Shetty was clearly on his way when he obtained an mto license (multimodal transport operator) and formed an alliance with the Belgium-based Ecu Line NV to be its agent in India.
In the year 2005 the Company acquired a 51% interest in Ecu Line Switzerland Ltd, through its wholly owned subsidiary, Ecu Hold NV. It also acquired Ecu Nordic OY-Finland, Ecu Line Nordic-Norway and Ecu Nordic AB-Sweden, through Ecu Hold NV.
The Ecu turnover for the year ending 31st Dec-07 was in the region of Rs.1200 crore, which is almost four times the turnover of Allcargo.
This acquisition   provided Allcargo Global Logistics the access to the Belgian company which has 110 offices in 56 countries (in India, All Cargo has a pan-India presence across 26 locations through branches and franchises)
Allcargo acquired Hindustan Cargo Ltd., during early 2007. Hindustan Cargo Ltd. was owned by Thomas Cook (India). For the year ending Oct-2006 Hindustan Cargo reported revenue of 32 crore rupees and a profit before tax of 1.3 crore rupees. AGL Ltd. has paid 8.91 crore for this acquisition.
During the year ended December 31, 2008, four subsidiaries were formed, namely AGL Ports Pvt. Ltd., AGL Projects Pvt. Ltd., AGL Terminals Pvt. Ltd. and AGL Warehousing Pvt. Ltd. for undertaking projects relating to port development, terminal handling, warehousing and infrastructure development. The Company also formed a subsidiary, Allcargo Logistic Park Pvt. Ltd. for undertaking inland container deposits/container freight stations (ICD/CFS) project in Dadri in a joint venture with Container Corporation of India Limited.
One is tempted to compare the zeal of Shri. Shashi Krian Shetty with that of Late Shri Vittal Malya (father of Shri Vijay Malya) who had made a habit of deliberating his birth day by purchasing a new company.


Financials of AGL
Rs. In crore
31/03/2006
Turnover of Rs 270 and profit after tax (PAT) of Rs 49.00
31/12/07(12 Months)
Turnover Rs.361.35 PAT Rs.59.78
31/12/08
Turnover Rs.516.79 PAT Rs.92.67.
Compare this with the financials of Transport Corp of India (which has completed fifty years of operation during 2008),

31/3/06
Rs. In crore
Turnover   Rs.904.83 PAT Rs.26.83
31/03/07
Turnover Rs. 1086.29 PAT Rs.30.57
31/03/08
Turnover Rs.1198.52 PAT Rs.28.47
31/03/09
Turnover Rs.1297.95 PAT Rs.28.34
Shri.Shashi Kiran Shetty is man with aspiration to make it big and has the vision to meet with his aspiration. He started in small way, jumping up the high growth path with hard work and daring.
Shri.Shashi Kiran Shetty has contributed to the various social service activities of South canara and Bunt Community social and educational projects of Mumbai. Providing assistance towards educational needs of the needy is close to his heart.
Shri.Shashi Kiran Shetty is married to Smt. Arathi Shetty and they have two children. Smt. Arathi Shetty is on the board of various group companies of AGL Ltd., She is actively involved in running various companies of AGL and she has contributed substantially in the growth plan of AGL Ltd.,



B. D. Shetty

 Sri Barkur Dharmaraj Shetty is a first class Chemical Engineer from National Institute of Technology, Suratkal. He is Chairman & Managing Director of Unitop Group of Industries, Mumbai including Dharmavara Resorts & Dharmavar Auditorium at Brahmavar, Udupi District.
Sri B. D. Shetty is a first generation Technical Entrepreneur specialized in Manufacturing, Marketing and Exporting Specialty Chemicals for more than 3 decades.
Unitop Group, started during 1973, is specialized in Industrial Surfactants and Emulsifiers used by Agrochemicals, Oilfields, Personal Care Products etc and is having wide Marketing Network throughout India having Branch Offices at Ahmedabad, Bangalore, Baroda, Chennai, Cochin, Delhi, Hyderabad, Kolkatta, Silvassa and Abroad.
Sri B. D. Shetty is Past President of Bombay Industries Association & Lions Club of Marol. He was an Executive Committee Member of Indian Merchants’ Chamber for 4 Years. At present, He is Member of Indian Institute of Materials Management, Indian Institute of Chemical Engineers, Indo-American Chamber of Commerce, Indo-American Society and many others. He is also a National Executive Member of Institute of Industrial Managers of India. He was also an active member of Managing Committee of Bunts Sangha, Mumbai and is President of Indian Bunts Chamber of Commerce & Industry.
Sri B. D. Shetty is also a recipient of Silver Award for Marketing from the Indian Institute of Marketing Management, New Delhi during 1992-93. Unitop Chemicals Pvt. Ltd. was adjudged as the Best Managed SSI Unit from Raigad District for the Year 1991 by the Industries Commissioner, Maharashtra. Recently, Council for Fair Business Practices (CFBP) conferred the prestigious “Jamnalal Bajaj Award” for the year 2007 to Sri B. D. Shetty & Unitop Group Companies under SME sector.
Unitop Group has set up a joint venture manufacturing unit in Malaysia recently by providing technical know-how to a Malaysian company in K.L. Similar Jt. Venture technical collaboration programme is underway in Saudi Arabia and Iran.
Unitop Chemicals Pvt. Ltd. is an ISO-9001:2000 accredited company and recently has been rated as CRISIL SE-1A (Highest Performance Capacity & High Financial Strength) under the scheme of NSIC-CRISIL performance and credit rating for SME sector.
Sri B. D. Shetty is happily married to Mrs. Saibala and has 2 married children, Son – Mr. Jeenanath Shetty (M.S. – USA) and Daughter –Rajeshwari (MBA – USA)
Further Details:
1. Early Education : Smt.RukminiShettyMemorialSchool, Herady
2. SSC : NationalHigh School, Barkur (NJC)
3. PUC : St. Aloysious College, Mangalore
4. Chemical Engg. : National Institute of Technology Karnataka, Suratkal (NITK – formerly KREC)
5. Founder President of Brahmavar-Barkur Citizens’ Forum to make Barkur-Brahmavar into a Model Growth Centre for Modern Horticulture, Agriculture, Food Processing Cottage Industries and Tourism.
6. President of Indian Bunts Chamber of Commerce & Industry, Mumbai –an organization committed for making our fellow businessmen and professionals to be of world class.
7. Promotor – Dharmavara Auditorium & Resorts for promotion of Tourism to Barkur
8. Instrumental in stopping Matysagandha Express at Barkur along with Barkur Citizens’ Forum’s cooperation.
9. Some of the projects initiated in the near future at Barkur:
(i) Establishing a Management Institute in Barkur, KudliVillage near railway station starting from Year 2009.
(ii) Establishing a co-operative agrifarm in Kudli village which is already in progress
(iii) Establishing a Modern Diagnostic Centre & Polyclinic in Barkur town along with Women Co-operative for manufacturing food items and processing fruits and vegetables grown in our farm and others – Work is in progress – construction will commence soon.
(iv) Establishing Shipping Institute at Bandimat with Tebma Shipyard Ltd. and Anita Education Society of Kokarne.
(v) Starting a diploma course on food processing in Barkur/Brahmavar under MangaloreUniversity.
(vi) Establishing a supply chain network to supply vegetables and fruits to Hotels & Restaurants of Bombay, Goa in collaboration with AHAR, KRCL, METRO MALL.
(vii) Establishing a Village Mall packed food and SANTHE Market for Vegetables and agri products at Barkur.


Nitesh Shetty

 Nitesh Shetty the real estate tycoon of Bangalore is just 32 years old. Nitesh Shetty dropped out of university to pursue a career as tennis pro, he won several state level championships, but he realized soon that he has already reached the peak in the game of tennis and he does not have with him the talent to be No.01 and Nitesh did not wanted to be in an area where he cannot become number one.
 At the age of twenty Nitesh Shetty borrowed Rs.12000 from his mother Mrs.Pushpalatha V Shetty, and ventured into business, he began his career by selling billboard space in Bangalore that was in the year 1996, while dealing with a space for billboard he met an old widow owning an old Building in Basavangudi Central Bangalore. Nitesh convinced her to develop an office block by demolishing her old Building, it was a sort of joint venture project in which Nitesh and the lady had 50: 50 stakes. Nitesh borrowed from the bank Rs.5, 00,000 to develop this project from then on he never looked back.
  Nitesh Estate (P) Ltd., established in the year 2002 has about 20 Joint Venture projects at a total value of Rs.2500 crore. His first high profile project in real estate is “Nitesh Broadway” on M.G.Road, Bangalore. This project brought Nitesh Estates the visibility, the brand value and the recognition in the real estate industry.
 Nitesh Estates has its footprints in four asset classes, Residential, Office Buildings, Retail Space and Hotels.
 Nitesh Estates has completed a prestigious Rs.100 crore project - a condominiums for ITC Ltd. in north Bangalore, Information Technology parks in Mysore, Mangalore, Kochi and Kolkata.
 Project Portfolio
Residential
Nitesh Mayfair
Nitesh Wimbledon Park
Nitesh Long Island
Nitesh Forest Hills
Nitesh Buckingham Gate
Nitesh Canary Wharf
Nitesh Central Park
Nitesh Key Biscayne
Nitesh Fischer Island
Nitesh Camp David
Nitesh Hyde Park
Nitesh Flushing Meadows
Nitesh Roland Garros
Nitesh Malibu
Nitesh Napa Valley
Hotels
Ritz-Carlton Hotel
Office Building
Nitesh Broadway
Nitesh Timesquare
Nitesh Madison Square
Retail Space
Nitesh Mall
Nitesh Lexington Avenue
Mixed –Use
Nitesh City
Nitesh Wimbledon Gardens

Nitesh Estates has entered into Hospitality sector in collaboration with Ritz Carlton, Rs.700 crore project with 281 Room luxury Hotel in downtown Bangalore. This project is scheduled for the launch by April 2011. Citigroup has advanced USD 55 Million (around Rs.265 crore) for this Project.
 Nitesh estates at present has around 9 Million Sq.ft. development in various stages of planning and construction, mainly across four locations i.e. Bangalore, Chennai, Kochi  and Goa,major projects in the pipeline includes mixed use development near, Bolgatty in Kochi, a Villa Project at Devanhalli in Bangalore and a city centre development in Chennai.
 Nitesh Shetty has 85% stake in Nitesh Estate and the balance 15% is owned by Och-Ziff Capital Management Hong Kong Ltd.,
 Nitesh Shetty’s other ventures are The Nitesh Health care, Serve and Volley (an outdoor advertising firm) Nitesh Argi.
 Nitesh Estates (P) Ltd. is managed by the Board consisting of eminent people who have vast experience in their chosen profession and are highly respected by the business community they are:
 Mr.Nitesh Shetty, Founder & Chairman
Mr.Subir Raha-former Chairman & Managing Director of ONGC.
Mr.G.N.Bajpal-former Chairman of the Securities and Exchange Board (SEBI)
Mr.Darius E Udwadia-Solicitor of the  Supreme Court of England and holds directorships in several prominent  Corporate, namely, ABB Limited, JM Financial Ltd., Development Credit Bank Ltd.,
Mr.Zoltan Varga-Head of Asian Merger Arbitrage & Event Driven Investing in Och-Ziff Capital Management Hong Kong Limited.
Mr.Gabriel Fong-Head of Asia special Investments of Och-Ziff.
Mr.L.S.Vaidyanathan-Chartered Accountant with over 20 years of experience joined Board of Nitesh Estates as the Executive Director in 2005.
Mr.Mahesh Bhupathi-India’s first and only 10 times Grand Slam title winner and US open mixed doubles title holder. Mr.Bhupathi has been associated with the company from June 2005.
Mrs.Pushpalath V Shetty: Mother of Mr.Nitesh Shetty and promoter director of the company.
 There is a saying that a person can be judged by the friends that he has around him in the same way we can judge Nitesh Estates (P) Ltd., by the personalities that it has on its board.
 Nitesh Estates is presently in the process of raising Rs.1200 Crore from the market through combination of Private Equity deal and Initial Public Offering.
 We wish Mr.Nitesh Shetty all the best in his future ventures and may God bless him with him good health and prosperity.



R N Shetty

 Chairman R.N.Shetty Group of companies.
Shri.R.N.Shetty (Rama Nagappa Shetty) the philanthropist of highest order, an entrepreneur from Murudeshwar born on 15th August 1928 in Murudeshwar (Uttara Karnataka District of Karnataka). His father was the administrator of Murudeshwar temple. R.N.Shetty has seven children.R.N.Shetty started his business venture by taking up civil contracts, with local bodies in and around his home town, under the name and style R.N.Shetty and Company a partnership firm.In the year 1967 he formed M\s.Naveen Mechanised Construction Company.The partner ship company i.e. R.N.Shetty and Company was converted into a Private Limited i.e. R.N.Shetty and Company Private Ltd., in the year 2003 and later converted into a Public Limited company under the name RNS Infrastructure Ltd., in the year 2006.With  the focus and determination he ensured to maintain highest standard of quality and timely completion of the projects, this policy of his ensured flow of business opportunities at his door, he is very polite , humble and has maintained very cordial relationship with the people around him.
Murudeshwar Temple:Murudeshwar Temple dedicated to Lord Shiva lies in the Holly Beach town Bhatkal. R.N.Shetty through RNS Trust has changed the entire outlook of the temple town. RNS Trust has converted this small temple town into one of the well known tourist destinations of Karnataka.Hundreds of Education Institutions, Hospitals, Temples and Charitable institutions have benefited from the contribution made of Shri.R.N.Shetty\RNS Trust.
As the Chairman of the group, he has set high standard of excellence in whatever he does and he ensures that his team adhere to the standard set by him.R.N.Shetty believes in the process rather than the results, he strives hard to deliver value to the customer.He is the kind of person every one loves to emulate. Today R.N.Shetty Infrastructure Limited is one of the reputed construction companies in India, known for Quality construction and timely execution.His strength lies in bringing together and building a team of talented manpower.In April 2009 BangaloreUniversity has awarded R.N.Shetty Honorary Doctorate in recognition of his service to the society as a Philanthropist.His vision and aspiration to achieve set standards have helped the group to become one of the most respected, competitive and successful groups in India.

R.N.Shetty believes that his greatest asset is the goodwill that he has earned from the common people for whose welfare he has contributed generously without expecting any rewards.
 The companies under RNS group are as follows:
Naveen Mechanised Construction Company (P) Ltd.,: Founded in the year 1967 the company has executed several projects for Karnataka Power Corporation Ltd., Konkan Railway Corporation Ltd., Karnataka Neeravari Nigam Ltd., and Krishna Bhagya Jala Nigam Ltd... Underground Power House for Varahi Hydel Scheme, Construction of Gerusoppa Dam and Tunnels for Malaprabha are some of the prestigious projects under taken by this company.
Naveen Hotels Ltd., : Incorporated in the year 1975, Taj Residency on M.G.Road, Bangalore is constructed and owned by Naveen Hotels Ltd., this has been leased to Taj Group of Hotels for operation on long term lease basis. Hotel Naveen Hubli, which is constructed on the banks of enchanting UnkalLake with Luxury rooms, cottages and exclusive restaurants, is a landmark property in Hubli. A five star super deluxe hotel with 330 guest’s rooms is coming up in Bangalore which is scheduled for launch in Jan-2010. This project on completion shall be handed over to Taj Group for operation on long term lease basis.
Naveen Murudeshwar Ceramics Ltd. : Was incorporated in the year 1993 a leading manufacturer of Vitrified and Ceramic tiles. Some of the well established brands of the company are Naveen Diamontile, Naveen Ceramic Tiles and Naveen Granite Slabs.
RNS Motors:RNS Motors is a unit of RNS Infrastructure Ltd., started with Maruti Suzuki dealership in Hubli in the year 1995. Maruti Udyog Limited impressed by the infrastructure and service provided to the customers at Hubli awarded the dealership for Bangalore.
RNS Motors started their Bangalore outlet at Yeshwanthpur on National Highway No. 4 in Aug-1998. Yeshwanthpur outlet has six floors with built up area of 1, 02,000 Sq. ft.RNS Motors now has Maruti Suzuki outlets in Hubli, Bangalore, Murudeshwar and Bijapur.

Murudeshwar Power Corporation Limited.
Incorporated in the year 1993 the company has established a Bulb unit with a capacity of 12 MW power at the Narayanpura Left Bank Canal and is supplying to KPTCL \ HESCOM.

RNS Trust
A Non-Profit making organization set up exclusively for helping the society in education, health and to provide assistance to religious and socio-cultural organizations. R.N.Shetty Polytechnic, R.N.Shetty Pre-University College at Murudeshwar, R.N.S.Nursing College at Murudeshwar, R.N.Shetty Institute of Hotel Management and Catering Technology at Hubli and R.N.S. Institute of Technology at Bangalore are some of the educations institutions run by this trust. The trust has donated to various religious and cultural organizations through out Karnataka. The trust has provided assistance to numerous projects\programme of various Bunt Sangh.

We wish Shri.R.N.Shetty and his family good health and prosperity in all their future ventures.



Shri.Vinaya Hegde

 Dr.Nitte Vinaya Hegde Vice Chancellor Nitte University is the second son of Late Justice K.S.Hegde, born on 3rd April 1939.
Vinaya Hegde did his initial schooling at St.Aloysius High School, Mangalore and Graduation in Science from St.Joseph’s College, Bangalore. Hegde is married to Smt.Sujatha and the couple have two children – a daughter Ashwitha Punja MDS and son Vishal Hegde, presently a trustee of Nitte Trust.
 Vinaya Hegde after working for some time in marketing division of an engineering company started Lamina Suspension Products Ltd, in the year 1976. The company is into manufacturing Leaf springs and other automobile spare parts. Hegde founded Lamina Foundries in the year 1985.Today the group has turnover in excess of Rs.100.00 crore and employs more than 2000 people, both the companies has its base in Mangalore. Hegde is the chief promoter of Marmagoa Steel Ltd, - a mini Steel plant set up at Margao, Goa in the year 1989.
The motivation factor for Vinaya Hegde is his father Justice K.S Hegde. Vinaya Hedge’s father Justice K.S.Hegde a committed Philanthropist and Legal luminary, after retirement from legal profession and active politics decided to engage him self in social activities with a motto to serve his native people started Nitte Education Trust with a High School in Nitte in the year 1979.
Today under the leadership of Vinaya Hegde Nitte Education Trust has in all 23 institutions with more than 10,000 students and 3500 Staff. Nitte Education Trust comprises a Medical, a Dental and 5 Paramedical Colleges, a 720 bed Specialty Hospital, 2 Engineering Colleges, 2 MBA institutes, and 2 First grade Colleges, 2 Pre –University Colleges 5 Schools and a 3-Star Hotel. The Nitte Trust has three campuses-Bangalore, Mangalore and Nitte, imparting quality education and high standard of Medicare. The K.S.Medical Academy, A.B.Shetty Memorial Institute of Dental Sciences, Nitte Mahalinga Adyanthaya Institute of Technology, Nitte Meenakshi Institute of Technology, K.S.Hegde Institute of Management has carved a place of distinction for themselves in the Educational and Medicare field.
 With an aim to serve needy people Nitte Education Trust is providing free health care, education, vocational training and housing schemes. The trust has 14 satellite medical centers set up in various places giving free treatment to over 1, 00,000 people annually.
 We wish Shri.Vinaya Hegde and family good health and success in their various business ventures and their Social Service programme.

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