Dr Shamsheer Vayalil is youngest South Indian among 100 richest Indians

[email protected] (CD Network)
September 24, 2016

Dubai, Sep 24: Shamsheer Vayalil, an NRI doctor, entrepreneur and philanthropist is the youngest South Indian and third youngest Indian to make it to the list of the 100 richest Indians published by Forbes in 2016.

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39-year-old Dr Shamsheer is the Founder and Managing Director of VPS Healthcare, a network of hospitals, clinics, pharmaceutical manufacturing units and pharmacies in the UAE and India.

VPS Healthcare is making huge investments into the Indian healthcare sector. It made its Indian foray by acquiring majority stakes in Lakeshore Hospital in Kochi and Rockland Hospitals in Delhi NCR in 2016.

In the Middle East, VPS runs a chain of hospitals, pharmacies, and pharmaceutical manufacturing units under different brand names. "Such recognitions would add impetus to the huge 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, for his overall contribution to the healthcare sector, the Government of India had awarded Dr. Shamsheer with Pravasi Bharatiya Samman award.

Also Read: Richest Indians: Mukesh No.1, Premji 4, Adani 13, Yusuff Ali 25, BR Shetty 47

Comments

nish
 - 
Saturday, 24 Sep 2016

Conrats Dr. Shamsheer.

Thanzeel
 - 
Saturday, 24 Sep 2016

By the way he is son-in-law of Mr. Yousuf Ali.

Natasha Sharma
 - 
Saturday, 24 Sep 2016

Happy to see the rise of young entrepreneurs in India, who never cheat the nation like Vijay Mallya.

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News Network
December 3,2025

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Mangaluru, Dec 3: A group of Congress workers gathered at the Mangaluru International Airport on Wednesday to welcome AICC general secretary K C Venugopal, but the reception quickly turned into a display of support for Deputy Chief Minister D K Shivakumar.

Venugopal arrived in the city to participate in the centenary commemoration of the historic dialogue between Mahatma Gandhi and Narayana Guru. The event, organised by the Sivagiri Mutt, Varkala, in association with the Mangalore University Sri Narayana Guru Study Chair, is being held on the university’s Konaje campus.

KPCC general secretary Mithun Rai and several party workers had assembled at the airport to receive Venugopal. However, the moment he stepped out, workers began raising slogans backing Shivakumar.

The university programme will be inaugurated by Chief Minister Siddaramaiah.

This show of support comes just a day after Siddaramaiah remarked that Shivakumar would lead the government “when the high command decides.” The chief minister made the comment after a breakfast meeting at Shivakumar’s residence—another public display of camaraderie between the two leaders amid ongoing attempts by the party high command to downplay their leadership rivalry.

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News Network
December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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