Back
vishakha Jangir
•
Set2Score • 2m
𝗛𝗼𝘄 𝗱𝗶𝗱 𝗮 𝗺𝗶𝗱𝗱𝗹𝗲-𝗰𝗹𝗮𝘀𝘀 𝗽𝗲𝗿𝘀𝗼𝗻 𝗯𝘂𝗶𝗹𝗱 𝗮 𝗵𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗲𝗺𝗽𝗶𝗿𝗲? 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. 500–600, 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 India’s most trusted diagnostic brands, handling over 1 lakh tests/day today. His approach: "Focus, Frugality, and Fearlessness" — with the motto "Poor man’s pathologist, rich man’s choice." Follow vishakha Jangir for more such insights. Watch his podcast with ranveer allahbadia on YouTube to know everything in detail.
Replies (2)
More like this
Recommendations from Medial
Ansh Kadam
Founder & CEO at Bui... • 2m
Here’s why Dr. Velumani is more of a business genius than just a diagnostics founder. He went from sleeping on railway platforms to building Thyrocare, which he sold for Rs. 4,500 Cr. — a diagnostics empire built on razor-sharp strategy. But how di
See More
Hariharan Kumar
CEO and founder of l... • 12m
Hey guys is anyone looking for investors and fundraising and mentorship, or guide on ideation to implementation, the virtual event with Dr velumani and Krishnaved and karthik jayakumar, are tye guest you can clear your doubts and also have Q&A setion
See More
Chamarti Sreekar
Passionate about Pos... • 6m
In a heartwarming tale of passion, perseverance, and innovation, brothers Anand Nahar and Amrit Nahar have transformed their love for cooking into a thriving Rs 100-crore brand, ZORKO. From a modest investment of Rs 50,000 to a sprawling empire with
See More
Harshal BAwane
Hey I am on Medial • 7m
Meet Pankaj Oswal: The business tycoon with a Rs 1,650 crore home and net worth over Rs 24,000 crore Indian billionaire Pankaj Oswal, with a net worth of over Rs 24,700 crore, owns one of the world’s most expensive homes, Villa Vari, valued at Rs 1
See More
Download the medial app to read full posts, comements and news.