The Remarkable Success Story of Dr. Arokiaswamy Velumani
Dr. Arokiaswamy Velumani’s journey is nothing short of inspiring. Starting with just 500 rupees in his pocket, he managed to build a business empire worth 5000 crore rupees. His remarkable story is a testament to his perseverance, determination, and entrepreneurial spirit. In this blog, we will explore the incredible journey of Dr. Arokiaswamy Velumani and discover the key lessons we can learn from his success. Join us as we delve into the life of this extraordinary individual and draw inspiration from his remarkable achievements.
From Humble Beginnings to Extraordinary Achievements: Dr. Velumani's Journey
Dr. Velumani’s journey from humble beginnings to extraordinary achievements is a testament to his unwavering determination and relentless pursuit of success. Born into a financially strapped family in a small village, he faced numerous obstacles and challenges from an early age.
With limited resources and opportunities, Dr. Velumani embarked on a journey to create a better life for himself and his family. He worked odd jobs to support his education and managed with just 500 rupees in his pocket. Despite facing countless setbacks and hardships, he remained undeterred in his pursuit of success.
Driven by his passion for science and a desire to make a difference in the field of healthcare, Dr. Velumani established a diagnostic laboratory in the late 1990s. Through his tireless efforts and unwavering commitment to providing affordable and accurate diagnostic services, his business grew exponentially.
Today, Dr. Velumani’s business empire is valued at 5000 crores and continues to expand at a remarkable pace. His story serves as an inspiration to countless individuals, showing them that with determination, hard work, and an unwavering belief in oneself, even the humblest beginnings can lead to extraordinary achievements.
Overcoming Challenges and Seizing Opportunities: The Path to Success
Velumani lacked both the resources and time to pursue his desire to study engineering. He decided to get a BSc, but it was 100 rupees more expensive than a B.com. He chose B.com for 300 due to financial constraints. He studied B.com for one month. His teacher Dr. K R Kartikayan, questioned him about it. Velumani explained everything to him, Dr Kartikayan took a hundred rupees out of his wallet and helped him to pursue BSc.
Velumani graduated with a degree in chemistry in 1978. He faced challenges in getting a job and failed in over 15 interviews continuously as he had no experience. That day he decided if he ever made a company he would only hire freshers. He began his career as a shift chemist at Gemini Capsules, a small pharmaceutical company in Coimbatore. Despite earning a meagre salary of Rs 150 per month, he sent Rs 100 home every month, keeping only Rs 50 for himself.Â
However, his life took an unexpected turn when the company shut down after three years, leaving him jobless and uncertain about his future. During this period, Velumani frequented the Central Library in Coimbatore, where he came across a job posting for a scientific assistant at the prestigious Bhabha Atomic Research Centre (BARC) in Mumbai. Despite a setback due to a medical assessment that found him to have colour blindness, he was eventually accepted for the position.Â
In 1982, he took a train from Kanyakumari to Mumbai and reached the city of Dreams. His work at BARC involved thyroid testing, a field that would later become the foundation of his entrepreneurial journey. He was so much liked by his would-be father-in-law. He wanted him to marry her daughter. He frequently visited Velumani to discuss the proposal. To avoid these visits, Velumani asked his landlady to tell the father-in-law that he was not at home. After telling five or six lies, the landlady refused to continue.Â
Consequently, Velumani requested to meet the daughter for an hour. The father-in-law agreed and arranged the meeting. During their hour-long conversation, He spoke for 55 minutes and there was complete silence for 5 minutes. Velumani presented several conditions to the girl and asked her if she agreed to them then only they could marry. That evening, the girl’s father came to Velumani. She said yes to marriage.Â
Velumani and the girl got married in 1986 and have two children. Everything was going smoothly, they were enjoying their lives. One day, Velumani reflected on his life, asking himself, “Jeene aaya ya jeetne?” (Did I come to live or to win?), and “Bada banna hai ya buddha banna hai?” (Do I want to become great or merely grow old?). He realized that if he wanted to live such a life, he could do so in Coimbatore as well. He felt that coming to Mumbai should be about taking risks and striving for more. Assessing his savings, Velumani found they had enough to cover 40 months of family expenses.Â
Since his wife was also employed with SBI, he decided to resign from his job and start something of his own. His wife observed him worried and inquired about the reason. After Velumani explained everything, she responded, “Agar tum nahi jaoge to me bhi nahi jaungi” (If you don’t go, I won’t go either). Velumani replied, “Chalo sath me jeete hai sath me marte hai” (Let’s live together and die together). Consequently, the couple resigned from their jobs on the same day, their children were just 5 and 3 years old.
The Birth of Thyrocare
After 14 years at BARC and having completed his doctoral program in thyroid biochemistry, Velumani pursued his entrepreneurial dreams. In 1995, with Rs 1 lakh pooled from his provident fund, he set up a testing facility in Byculla, Mumbai, to detect thyroid disorders. His vision was to make thyroid testing affordable for India’s poor, offering services at a fraction of the market cost.
The Reason For Starting Up
Dr Velumani shares that while working at BARC, he realized that companies across sectors would only hire people with work experience and not hire fresh graduates. “I felt this frustration and decided to start my own enterprise, which would hire freshers and give jobs to young people,” says Dr Velumani. “Today, I have successfully employed 12,000 freshers,” he adds.
Who is the wife of Dr Arokiaswamy Velumani?
Sumathi Velumani is the wife of Arokiaswamy Velumani. She was her backbone in his entire journey. Velumani lost his wife 50 days before listing IPOs due to pancreatic cancer stage 4. He says she was the main lead of the entire journey. He is often seen talking about his wife who taught him so many things and always supported him in his ups and downs.
Building a Legacy: Dr. Velumani's Contributions to the Diagnostic Industry
Dr. Arokiaswamy Velumani’s inspiring journey not only led him to build a 5000 crore empire, but it also marked his significant contributions to the diagnostic industry. Dr. Velumani’s visionary mindset and unwavering determination played a crucial role in shaping the sector in India.
One of Dr. Velumani’s main contributions was the introduction of affordable and accurate diagnostic services. He understood the need for accessible healthcare and diagnostic facilities for all, regardless of their financial status. By establishing his own laboratory and providing high-quality testing at affordable prices, Dr. Velumani made a significant impact on the lives of countless individuals.
Furthermore, his emphasis on research and development led to the introduction of cutting-edge technologies in the diagnostic field. Dr. Velumani’s laboratories became renowned for their state-of-the-art testing equipment, unmatched precision, and quick turnaround times. His commitment to excellence and continuous improvement set new standards for the industry, inspiring others to follow suit.
Dr. Velumani’s contributions to the diagnostic industry have left an indelible mark. His success story continues to inspire aspiring entrepreneurs and healthcare professionals alike. In the next section, we will delve deeper into the strategies Dr. Velumani employed to navigate the challenges he faced and establish his empire. Stay tuned to discover key lessons we can learn from his remarkable journey.
Lessons Learned: Key Takeaways from Dr. Velumani's Inspiring Journey
Dr. Arokiaswamy Velumani’s inspiring journey from humble beginnings to building a 5000 crore empire holds valuable lessons for aspiring entrepreneurs and healthcare professionals. His remarkable achievements in the diagnostic industry highlight the significance of certain key strategies that contributed to his success.
One of the notable lessons from Dr. Velumani’s journey is the importance of a visionary mindset. His ability to foresee the need for affordable and accurate diagnostic services reflected his deep understanding of the market and the healthcare needs of the people. This visionary thinking propelled him to establish his own laboratory and provide top-quality testing at affordable prices.
Another crucial takeaway is the value of continuous research and development. Dr. Velumani’s relentless focus on improving and innovating in the diagnostic field enabled him to introduce cutting-edge technologies and set new industry standards. His commitment to excellence and constant pursuit of improvement served as a testament to the importance of staying ahead of the curve in a rapidly evolving industry.
Additionally, Dr. Velumani’s unwavering determination stands out as a vital lesson from his journey. Despite facing numerous challenges and obstacles, he persevered and stayed committed to his goals. His resilience in the face of adversity is a reminder for individuals to never give up and to keep pushing forward, no matter the circumstances.
Reflecting on the Inspiring Life of Dr. Arokiaswamy Velumani
Dr. Velumani’s journey is a testament to the power of perseverance, resilience, and passion. From starting with just 500 rupees to building a 5000 crore empire, he has truly defied all odds. His accomplishments in the diagnostic industry are a result of his unwavering commitment to providing affordable and accurate testing services to the masses.
But beyond his business success, Dr. Velumani has also left a lasting impact on society. Through his philanthropic efforts, he has made healthcare accessible to underprivileged communities and played a significant role in the fight against diseases.
Dr. Velumani’s legacy serves as a source of inspiration for aspiring entrepreneurs and healthcare professionals alike. His story reminds us that with determination and a clear vision, we have the power to overcome any obstacle and achieve greatness.
As we conclude this series, let us carry forward the lessons we have learned from Dr. Velumani’s journey: the importance of having a visionary mindset, the value of continuous research and development, and the significance of unwavering determination. By applying these principles to our own paths, we can strive for success and make a positive impact in our respective fields.
Dr. Arokiaswamy Velumani’s journey from â‚ą500 to â‚ą5000 crore is truly inspiring! His perseverance and vision in building Thyrocare showcase the power of determination. This success story motivates readers to overcome challenges and dream big.
Dr. Arokiaswamy Velumani’s journey from humble beginnings to building a 5000 crore empire is truly inspiring! His perseverance, determination, and entrepreneurial spirit serve as a great source of motivation.