Coimbatore, the textile hub of South India, has been known for its entrepreneurial spirit and innovation. But did you know that it also played a pivotal role in shaping the success story of Arokiaswamy Velumani, the founder of Thyrocare? From humble beginnings to becoming one of India’s most successful entrepreneurs, Velumani’s journey is nothing short of inspirational. In this post, we delve into how Coimbatore influenced his life and career trajectory, and how he turned adversity into opportunity to build a billion-dollar company. Read on to discover the fascinating story behind Thyrocare’s success and learn valuable lessons from Velumani’s incredible journey!
Introduction to Arokiaswamy Velumani
Arokiaswamy Velumani is the founder of Thyrocare, a leading pathology and diagnostic company in India. A self-made man from a humble background, Mr. Velumani started his career as a clerk in a local bank in Coimbatore. He later went on to become an insurance agent and then started his own business in the field of healthcare.
Mr. Velumani’s journey is an inspiring story of rags to riches. He overcame many challenges in his early life and went on to build a successful business empire. Today, Thyrocare is a well-known brand across India and Mr. Velumani is regarded as one of the most successful entrepreneurs in the country.
The city of Coimbatore has played a significant role in shaping Mr. Velumani’s success story. It is here that he started his career and built his first business. The city’s vibrant entrepreneurial ecosystem provided the perfect environment for him to grow and thrive. Coimbatore has always been known for its enterprising spirit and it continues to produce successful entrepreneurs like Arokiaswamy Velumani.
How Coimbatore Shaped His Success Story
Arokiaswamy Velumani, the founder of Thyrocare, a successful Indian diagnostics company, attributes his success to the city of Coimbatore.
Coimbatore, often called “The Manchester of South India”, is a major industrial city in Tamil Nadu state, southern India. It is one of the largest exporters of textiles and poultry products in India and also home to a large number of engineering firms.
Velumani was born in Coimbatore and raised in a small village nearby. His father was a farmer and his mother a homemaker. He completed his schooling in Coimbatore and then went on to study at Government College of Technology, Coimbatore. After graduation, he started working at Bharat Heavy Electricals Limited (BHEL), an engineering firm in Coimbatore.
It was while working at BHEL that Velumani developed an interest in entrepreneurship. He quit his job in 1984 to start his own company, which initially manufactured electrical equipment for BHEL. However, the business was not doing well and Velumani faced financial difficulties.
He then took up a job as a salesman for a diagnostic company called Travancore Chemicals Ltd (TCL). This was Velumani’s first foray into the healthcare sector. He soon realised that there was good potential for growth in this sector and decided to start his own diagnostic company. With the
Education and Career Path He Took in Coimbatore
Arokiaswamy Velumani is the founder of Thyrocare, a leading Indian diagnostic company. He was born and raised in Coimbatore, Tamil Nadu. After completing his schooling from a local government school, he pursued a degree in chemistry from PSG College of Arts and Science. He then did his masters in biochemistry from Madras University.
After completing his studies, he started working in a small diagnostic lab in Coimbatore. He later went on to set up his own diagnostic lab, which slowly grew into the successful business it is today.
Throughout his career, Arokiaswamy Velumani has always been based in Coimbatore. This is because he believes that the city has played a significant role in shaping his success story. The city has a strong medical infrastructure, which has helped him grow his business. Additionally, the city is home to many leading academic institutions, which has allowed him to attract talented employees to his company.
Arokiaswamy Velumani’s journey from a small-town boy to the founder of a successful diagnostic company is truly inspiring. His story shows that with hard work and determination, anyone can achieve their dreams.
The Early Struggles of His Business Pursuits
In the early days of his business pursuits, Arokiaswamy Velumani faced many struggles. He was often met with skepticism and resistance from those around him, as many people were not familiar with the concept of a “thyroid health checkup”. However, Velumani persevered, and eventually won over the trust of the people of Coimbatore. His hard work paid off, and Thyrocare soon became a well-known and respected brand in the city.
Turning Point in His Life After Moving To Mumbai
Arokiaswamy Velumani’s life took a turn for the better when he moved to Mumbai in search of work. He had always been a bright student, but he was struggling to find a job that would allow him to support himself and his family. When he arrived in Mumbai, he met a man who told him about an opening at a local diagnostic center. Velumani took the job, and he quickly rose through the ranks to become the center’s manager.
This new position gave Velumani the opportunity to learn about the business of diagnostic testing. He quickly realized that there was a lot of potential in this industry, and he began to formulate a plan to start his own diagnostic center. In 1997, Velumani founded Thyrocare, which has now become one of the leading diagnostic companies in India.
The move to Mumbai was a turning point in Velumani’s life, as it allowed him to develop his skills and knowledge in a field that would eventually make him very successful.
How Coimbatore Made an Impact on Thyrocare’s Growth
Coimbatore, often called the Manchester of India, is a major industrial city in the state of Tamil Nadu. The city is home to many large and small industries, including textile mills, engineering firms, and electronic companies. It is also a major educational center, with several universities and colleges.
Thyrocare, a leading diagnostic laboratory in India, was founded by Arokiaswamy Velumani in 1996. The company has its headquarters in Mumbai, but its operations are spread across the country. Thyrocare has over 2200 centers in India and provides services to over 1 million patients every year.
The company’s growth can be attributed to several factors, but Coimbatore played a significant role in its early success. The city provided Velumani with the necessary infrastructure and resources to start his business. Additionally, the city’s large population meant that there was a large potential market for Thyrocare’s services.
In recent years, Thyrocare has expanded its operations beyond India and now has centers in Dubai, Qatar, Saudi Arabia, Kuwait, and Nigeria. The company plans to continue its expansion into new markets in the coming years.
The success story of Arokiaswamy Velumani and Thyrocare is a testament to the vibrant entrepreneurial spirit of Coimbatore. With his passion, determination and hard work, he was able to create one of India’s most successful diagnostic companies which continues to grow even today. His story has inspired many aspiring entrepreneurs in Coimbatore and beyond who are looking for ways to make their dreams into reality. It goes without saying that Arokiaswamy Velumani is an inspiring example for all those looking for success in business.