From Poverty to 3300 crores. How Dr.Velumani built Thyrocare? | Dr Velumani |IBP Episode 3
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 Published On Apr 14, 2024

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VIDEO INTRODUCTION:
Dr Velumani is the founder of Thyrocare, the leading chain of diagnostic and preventive care laboratories in India. He developed an affordable model for thyroid testing, making it accessible to India's underprivileged population. Today his company is worth 32.8 billion rupees!
Here is an in depth conversation with this legend!

Timestamps:
0:00 Trailer
1:10 Introduction of Dr Velumani
3:15 Social Media Sensation
4:01 Secrets of Success
4:23 Role of his mother
8:10 Growing up poor
9:58 Are all rich people happy?
11:02 How do you have a positive mindset to poverty?
15:10 Leadership crashcourse
16:28 Why do marriages fail?
17:06 Lessons from my Mother
19:53 Tamil Nadu CM Kamaraj changed my life with the Midday Meal Scheme
25:08 How to be a Great Student
30:10 My First Job
32:34 Getting into BARC
35:48 Challenges of Hindi
41:42 Meeting my blind boss
45:14 Thyroid treatment is done with a Nuclear isotope
46:50 Working 16 hours a day at a government job
49:19 Why did you decide to become an entrepreneur?
51:20 What my wife said when I left my stable job
52:04 The OG 'Atmanirbhar' movement for Thyroid Reagents
54:48 Beating my competition
55:57 What went wrong for my competitors
57:58 Partnering with MNC Siemens
59:20 Manual vs automated Testing
1:01:51 Success Strategy through a franchise model
1:04:40 Hub and Spoke model - single lab for a billion people
1:08:05 Scaling to 25 centres
1:09:30 Understanding the Industry
1:11:07 Difference between Pathology and Radiology?
1:12:08 Why did you choose Pathology and thyroid testing?
1:14:45 What are the sub-segments of microbiology?
1:18:54 Competitors were doing 3500 tests, why was Thyrocare doing only 200?
1:22:00 Power of Focus
1:24:07 Bold Journey into Private Equity
1:30:12 How do you keep investors happy?
1:31:22 Drawing zero salary from Day 1
1:33:48 Reaching a valuation of 1200 crores
1:35:13 Going IPO, Journey to 3300 crores
1:39:27 My Romeo-Juliet Story
1:52:22 Importance of spouse's support in an entrepreneurial journey
1:55:19 How to choose the best spouse
1:57:35 Features of a great entrepreneur

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