Welcome to another exciting episode of ‘Business Talkies', a series dedicated to sharing the stories of founders who inspire and offer valuable insights to fuel your startup journey.
In this episode, we're thrilled to have Dr Velumani, who built a Rs 5000-crore business Empire, revolutionising the thyroid and diabetes industry by lowering thyroid test costs by 5X to ₹100.
From earning just 1 rupee a day to building a 5000 crore empire, Dr Velumani’s journey is nothing short of extraordinary.
In this episode, Dr Velumani shares not just Thyrocare's winning business model but also many of his life lessons. His rags-to-riches story is peppered with killer punchlines and profound insights that will inspire entrepreneurs, investors, and dreamers alike.
Tune in to learn how grit, innovation, and a unique perspective can turn someone with nothing into a big success. It's more than a podcast - it's a masterclass in business and life!
0:00 Highlights
03:11 Introduction
04:53 Background and struggles of Dr Velumani
15:53 How was he happy during poverty?
16:45 Advice for people who compare themselves with others
18:58 3 reasons for stress
20:00 Life as a student and mother's role
28:20 Unemployment challenges
43:50 Marriage rejection and Dr. Velumani's Bollywood love story
48:26 Leaving Government Job
56:01 The Birth of Thyrocare
01:01:08 Disruption in Thyroid industry
01:09:47 Why is village life equivalent to an MBA?
01:10:34 How did Thyrocare maintain high EBITDA despite low prices?
01:13:03 The problems faced in the entrepreneurial journey
01:15:35 Taking Thyrocare public
01:09:47 Why is it important for you to be in sync with your spouse?
01:29:09 Why did he hire freshers only?
01:33:21 Acquisition by Pharmeasy
01:36:04 Dr Velumani's next move
01:37:55 2 biggest flaws of the society
01:39:48 Meeting Rajinikanth
01:46:21 Best advice for entrepreneurs
01:52:29 Views on Artificial Intelligence
02:01:11 What's Dr Velumani's biggest regret?
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