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XMSoftware Solutions

Our Management Team

XM Software Solutions is headed by a visionary team of passionate, experienced and well accomplished global professionals and experts, who are keen on discovering and developing innovative customer-centric solutions. Our management understands the importance of scaling and adapting to the evolving needs of businesses and the respective industries in which they operate. With strong belief in leading by example, the management team ensures that all members of the organisation collaborate to achieve a shared vision and reflect the core values of integrity, commitment, empowerment and care that remain the hallmark of our organisation.


Dr. Bavaguthu Raghuram Shetty


Dr. B R Shetty is an entrepreneur par excellence. His success story has been paved by humility and deep commitment towards people and the society. Armed with a degree in clinical pharmacy, Dr. Shetty set foot in United Arab Emirates in 1972 and founded the healthcare facility – New Medical Centre (NMC) in 1975. After realising the immense potential of the remittance sector and with a deep sense of yearning to help the expatriate community, he established UAE Exchange in 1980 with its head office located in Abu Dhabi. Dr. Shetty was also appointed as the Vice Chairman of Travelex, the leading foreign exchange specialist.

Today, Dr. Shetty is among the top business icons in the Gulf region and a living testimony of corporate social responsibility. He has numerous awards to his credit including the Padmashri, one of the highest civilian honours from the Government of India, bestowed on him for his outstanding achievements and contributions to business and trade. The Abu Dhabi Government has also recognised his contributions to the society by conferring on him their highest honour – the Order of Abu Dhabi. He was conferred with a Doctorate by Georgia State University, Atlanta, United States of America.

Dr. Shetty has, during his highly successful business career, forayed into many sectors including pharmaceuticals, healthcare, finance, FMCG, IT, hospitality, cosmetics, jewellery, advertising, public relations and real estate, with astounding success in each one of them. He is also an active member of various international business councils.


Binay Raghuram Shetty

Managing Director

Binay possesses rich experience across various business verticals and currently serves as a Director in many entities in United Arab Emirates and in United Kingdom. He holds a Bachelor of Science in Business Administration with specialisations in Finance and Entrepreneurship from Boston University, Massachusetts, United States of America.

Binay has been serving as the Director of UAE Exchange Centre LLC since 2007. UAE Exchange Centre LLC is a leading remittance, foreign exchange and payment solutions brand, with its headquarters in Abu Dhabi. It is part of the UAE Exchange Group, which has its presence in five continents with a strong network of close to 800 direct offices spread across 31 countries.

Binay is also a Director of NMC Health PLC and Alexandria Medical Centre, which are listed with London Stock Exchange and Alexandria Stock Exchange respectively. He is a Non Executive Director of Travelex Holdings Limited since 2015.