Accordingly Thyrocare’s Velumani owns no car, lives in a small quarter, but helms an Rs 1,320-crore company. Velumani doesn’t own a car and he makes do with a small living quarters above his large lab in Navi Mumbai, but still ends up sleeping in the lab most nights. He was born to a poor landless farmer in a nondescript and obscure village of Appanickenpatti Padur in Tamilnadu, Arokiaswamy Velumani found himself at the bottom of the ‘ten slices of the pyramid’.
Reportedly Velumani was so poor that he sought government subsidy to go through school and college. Presently he is the owner of the world’s largest thyroid testing company that boasts of 1,122 outlets across India, Bangladesh, Nepal and the Middle East. Previously he started his career as a shift chemist at Gemini Capsules, a small pharmaceutical company in Coimbatore, in 1979 and earned a measly sum of ₹150 every month. Meanwhile the curtains came down on the company three years later and Velumani found himself without a job.
Moreover Thyrocare is worth ₹3,377 crore (on may 2016) and has made its debut on Indian courses and apparently Velumani owns a 64% stake in the company, which makes him worth ₹2,158 crore, but it doesn’t end there for Velumani and his team. Thyrocare is also working towards developing a subsidiary to focus on cancer screening through molecular imaging.
