Arokiaswamy Velumani
| Dr.A.Velumani | |
|---|---|
| Born |
1959 (age 56–57) Coimbatore (now, Tamil Nadu), India |
| Nationality | Indian |
| Education |
Sri Venkateswara High School Coimbatore Ramakrishna Mission Vidhyalaya,Coimbatore University of Mumbai |
| Occupation | Creator of Thyrocare Technologies Limited |
| Known for | Medical Diagnostic, Thyroid Testing, Analytical Biochemistry, Nuclear Medicine |
| Spouse(s) | Late Mrs. Sumathi Velumani (1986 - 2016) |
| Children |
Anand Velumani (born 1989) Amruta Velumani (born 1991) |
| Parent(s) |
Arokiasamy (Father) Sayammal (Mother) |
| Relatives |
Mr. A. Sundararaju (Brother) |
| Website |
www |
Arokiaswamy Velumani (born April 1959) is an Indian scientist turned entrepreneur. He is the founder, chairman, and managing director of Thyrocare Technologies Ltd., a chain of diagnostic and preventive care laboratories headquartered in Navi Mumbai.[1] He is also credited to be the founder and managing director of Nueclear Healthcare Limited, a radiology diagnostics company also affiliated to Thyrocare.[2]
Early life and education
Dr.A.Velumani was born in April 1959 to a landless farmer’s family in a small village called Appanaickenpatti Pudur, near Coimbatore district of Tamil Nadu.[3] His father was a farmer and his mother was a housewife, who took up rearing buffaloes and selling their milk to sustain the family’s living.[4] Velumani completed his education at Sri Venkateswara High School, Appanaickenpatti Pudur. He went to obtain his B.Sc. Degree from Ramakrishna Mission Vidyalaya, affiliated to University of Madras in the year 1978 at the age of 19. He stayed in a government run hostel for students belonging to the Scheduled Castes (SCs) and Scheduled Tribes (STs), away from his village to complete his graduation.[3] He earned a Master’s degree in 1985 and later a doctor’s degree in Thyroid Biochemistry in 1995 from University of Mumbai while working with Bhabha Atomic Research Centre (BARC), one of India’s finest nuclear research facility based in Mumbai, Maharashtra.
Career
After graduating in 1978, he began with a job in 1979 at Gemini Capsules, a small pharmaceutical company in Coimbatore, Tamil Nadu as a shift chemist. After three years, the company was shut down. He then applied for a job at Bhabha Atomic Research Centre (BARC) for the post of laboratory assistant where he continued working for 14 years. During the same time, he also pursued his Master’s and Doctor’s degree and was rose to the rank of scientist. He later was posted at the Radiation Medicine Centre (RMC), a BARC department at Tata Memorial Hospital in Parel, Mumbai, Maharashtra.[5]
Dr.A.Velumani decided to set up his own thyroid testing laboratory, Thyrocare, in 1996. He improved the business model by introducing a franchisee model in his diagnostic laboratory and offered testing at very affordable rates. Velumani, believing in focus, volume and logistics, has grown Thyrocare from testing for thyroid disorders to preventive medical checkups, and other diagnostic blood tests.[5]
Under his leadership from past 20 years, Thyrocare has become a well-known and largest thyroid testing laboratory having a network of more than 1000 outlets across India, Nepal, Bangladesh and the Middle East.[5] In April 2016, Thyrocare also witnessed a remarkable response in its Initial Public Offer (IPO) release with an over-subscription of 72.86 times and is claimed to be the second best show for an IPO since 2008.[6]
Dr.A.Velumani also stays to be the founder and managing director of Nueclear Healthcare Ltd. (NHL) a radiology diagnostics company with its main branch at Navi Mumbai, Maharashtr. A.Velumani along with Thyrocare has initiated this project to offer cancer related imaging services half to what the industry offers.[7]
Personal life
During his working career at BARC at the age of 27, he married Sumathi daughter of Mr. J. K. Rao and Mrs. Sarak Rao. Sumathi was working with the State Bank of India until the couple decided on leaving their jobs to start their own laboratory - Thyrocare.[4] The couple have a son - Anand (born 1989) and a daughter - Amruta (born 1991) who were born during Velumani’s working career at BARC. Mrs. Sumathi Velumani was diagnosed with pancreatic cancer in October 2015 and succumbed to the short period of illness and died on 13 February 2016 at the age of 55 years.[8] A. Velumani continues to live along with his son and daughter in company quarter’s situated in the main headquarters of Thyrocare at Navi Mumbai.
References
- ↑ "Thyrocare's Velumani: Owns no car, lives in a small quarter, but helms a Rs 1,320-crore company". The Economic Times. 23 October 2013. Retrieved 19 October 2016.
- ↑ "Nueclear Healthcare Limited Secures INR 22 Crores From Norwest Venture Partners (NVP)". www.marketwired.com. marketwired. 8 January 2013. Retrieved 19 October 2016.
- 1 2 "The Amazing Story of Thyrocare Technologies". The Second Take. 30 November 2008. Retrieved 19 October 2016.
- 1 2 "From 2 lakhs to 3,300 crores! How A Velumani did it!". www.rediff.com. Rediff.com. 28 July 2016. Retrieved 19 October 2016.
- 1 2 3 "An Indian farmer's son is now worth more than $300 million after his health care firm's IPO". www.qz.com. Quartz India. 13 May 2016. Retrieved 19 October 2016.
- ↑ "Thyrocare IPO oversubscribed 72 times; second-best public issue show in 8 years". New Corp VCCircle. 29 April 2016. Retrieved 21 October 2016.
- ↑ "Now, Thyrocare promoter scans low-cost cancer diagnostics, treatment". The Hindu - Business Line. 25 December 2010. Retrieved 21 October 2016.
- ↑ "A Velumani: Life, loss and white lies". Business Standard. 4 June 2016. Retrieved 21 October 2016.