Meet Dr. Moopen, a remarkable 70-year-old businessman whose journey to becoming a billionaire unfolded unexpectedly. Born to a freedom fighter and social leader, the late MA Moopen, he excelled in medical school, earning gold medals. However, his true calling was in giving back to society, leading him to start as a university professor.
A turning point occurred when he traveled to the UAE for charity in the 1980s. Originally there to raise funds for a mosque renovation in India, he intended to return home. Yet, a persuasive friend convinced him to stay in Dubai, altering the course of his life.
Starting with a modest clinic in a rented two-bedroom flat, Dr. Moopen worked tirelessly for over 12 hours a day to fill the healthcare gap in the Gulf. His dedication led to the establishment of several clinics, pharmacies, and hospitals over the years. By the early 2000s, he realized the enormity of his business, prompting him to step back from his role as a doctor.
In 2008, a private equity firm valued his company at $100 million. In just four years, by 2012, its value soared to $400 million, marking a phenomenal growth trajectory. Dr. Moopen’s businesses in India and the Gulf now operate separately. The company, boasting around 20 hospitals, 90 clinics, and 200 pharmacies, serves nearly 2 crore patients annually.
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Today, Dr. Moopen stands as one of India’s wealthiest individuals, with a net worth exceeding Rs 9,000 crore ($1.1 billion). His journey exemplifies how passion, hard work, and unexpected opportunities can pave the way to extraordinary success.
