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Rs 3300 crore venture launched by Velumani

Many times, financial difficulties hold us back from starting a business. However, there are many successful entrepreneurs. But there are very few people who have grown up in an environment of economic deprivation and built a business empire of billions.

Velumani is the founder and chairman of Thyrocare Technologies.Thyrocare Technologies is a successful enterprise with a network of diagnostics and preventive care laboratories.Today, it is the largest thyroid testing company in the world.The company has 1122 outlets across India, Bangladesh, Nepal and the Middle East.

Velumani's father and mother used to sell buffalo milk for Rs 50 per week. The parents were unable to provide even basic facilities to their children. As a child, I didn't have shoes or socks.

Despite the hardships, Velumani received education in chemistry and biochemistry. He later worked for Gemini Capsule for some time. He worked at the Bhabha Atomic Research Centre in Mumbai for 15 years. After that, he did his Ph.D. in Psychiatry. This was very helpful for the diagnostics business he started later.

In the year 2006, he launched the Preventive Healthcare Diagnostics initiative. The low-priced services attracted more customers and increased the company's business. The company has grown through a franchise model. Velumani grew his business from a small fund to a billion-dollar business. The market capitalization of Thyrocare in April was Rs 3300 crore.

Despite facing so many difficulties, he has been able to achieve success in life and business. Velumani's story should be heard by those who say that they cannot start anything on their own due to financial difficulties.

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Jeroj

Date

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June 13, 2024

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