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vishakha Jangir
ย โขย
Set2Scoreย โขย 5m
๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐ฎ ๐บ๐ถ๐ฑ๐ฑ๐น๐ฒ-๐ฐ๐น๐ฎ๐๐ ๐ฝ๐ฒ๐ฟ๐๐ผ๐ป ๐ฏ๐๐ถ๐น๐ฑ ๐ฎ ๐ต๐ฒ๐ฎ๐น๐๐ต๐ฐ๐ฎ๐ฟ๐ฒ ๐ฒ๐บ๐ฝ๐ถ๐ฟ๐ฒ? Dr. A. Velumani was born into a poor farming family near Coimbatore, Tamil Nadu. He completed BSc in Physics and earned a PhD in Thyroid Biochemistry while working full-time. Worked as a scientist at Bhabha Atomic Research Centre (BARC) for 14 years before quitting at age 37. Started Thyrocare in 1996 from a 200 sq. ft. rented space in Mumbai with Rs. 2 lakh capital. Focused solely on thyroid tests (T3, T4, TSH) to dominate a niche and reduce complexity. Priced thyroid tests at just Rs. 100 when others charged Rs. 500โ600, attracting high volumes. Adopted a high-volume, low-margin model that allowed scale and affordability. Centralized laboratory system enabled cost reduction, better quality control, and faster reporting. Created a pan-India network of over 3,000+ sample collection centers using a hub-and-spoke model. Invested early in automation and IT infrastructure, enabling processing of over 50,000 samples daily. Used barcoding and automated machines to reduce human error and improve turnaround time. Operated with minimal staff and low overhead costs, maximizing operational efficiency. Avoided heavy marketing spends; relied on word-of-mouth and trusted service. Achieved profitability early and sustained growth without external funding for a long time. Went public in 2016; IPO was oversubscribed 73 times and valued at around Rs. 3,400 crore. Made Dr. Velumani a self-made billionaire with a stake worth over Rs. 1,300 crore at peak. Thyrocare became one of Indiaโs most trusted diagnostic brands, handling over 1 lakh tests/day today. His approach: "Focus, Frugality, and Fearlessness" โ with the motto "Poor manโs pathologist, rich manโs choice." Follow vishakha Jangir for more such insights. Watch his podcast with ranveer allahbadia on YouTube to know everything in detail.
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