Dr A. Velumani, a scientist turned entrepreneur, is the Chief Executive Officer and founder of Thyrocare Technologies Limited-the world’s largest Thyroid testing laboratory, a company valued above INR 3400 crores today.
He is also the founder, CEO and managing director of Nuclear Healthcare Ltd, a radiology diagnostics company. This project offers cancer-related imaging services at half the cost of other providers.
He worked as a scientist at ‘Bhabha Atomic Research Centre’ for 15 years before. he took voluntary retirement and set up a thyroid lab in 1995 with his Provident Fund money. He aims to serve 50% of the world’s population at 50% of the cost.
Rags to Riches
Born to a landless farmer in a village near Coimbatore, Dr Velumani built his empire from INR 2 lakhs to INR 3,400 crores! His is not just another rags to riches story, but a story of focus, discipline and honesty.
Founded in 1996, Thyrocare Technologies Ltd. has a network of more than 1000 outlets across India, Nepal, Bangladesh and the Middle East. Thyrocare handles, on average, 40,000 thyroid samples daily that arrive at their Mumbai headquarters, charging as little as INR 100 per sample, which is much lower than the market rate that ranges from INR 500 to INR 1,500.
