Nationality Indian | Organization founded Thyrocare | |
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Born 1959 (age 57–58) Coimbatore, Tamil Nadu, India Education Sri Venkateswara High School Coimbatore
Ramakrishna Mission Vidhyalaya, Coimbatore
University of Madras
Bhaba Atomic Research Center (BARC) Mumbai
University of Mumbai Occupation Creator of Thyrocare Technologies Limited Known for Medical Diagnostic, Thyroid Testing, Analytical Biochemistry, Nuclear Medicine Spouse(s) Sumathi Velumani (1986–2016) (her death) Children Anand Velumani (born 1989)
Amruta Velumani (born 1991) | ||
Dr. A.Velumani (born April 1959) is an Indian scientist turned entrepreneur. He is the founder, chairman, and managing director of Thyrocare Technologies Ltd., a chain of diagnostic and preventive care laboratories headquartered in Navi Mumbai. He is also credited to be the founder and managing director of Nueclear Healthcare Limited, a radiology diagnostics company also affiliated to Thyrocare.
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Early life and education
Arokiaswamy Velumani was born in April 1959 to a landless farmer's family in a small village called Appanaickenpatti Pudur, near Coimbatore district of Tamil Nadu. His father was a farmer and his mother was a housewife, who took up rearing buffaloes and selling their milk to sustain the family's living. Velumani completed his education at Sri Venkateswara High School, Appanaickenpatti Pudur. He went to obtain his B.Sc. Degree from Ramakrishna Mission Vidyalaya, affiliated to University of Madras in the year 1978 at the age of 19. He stayed in a government run hostel for students belonging to the Scheduled Castes (SCs) and Scheduled Tribes (STs), away from his village to complete his graduation. He earned a Master's degree in 1985 and later a doctor's degree in Thyroid Biochemistry in 1995 from University of Mumbai while working with Bhabha Atomic Research Centre (BARC), a nuclear research facility based in Mumbai, Maharashtra.
Career
After graduating in 1978, Velumani began with a job in 1979 at Gemini Capsules, a small pharmaceutical company in Coimbatore, Tamil Nadu as a shift chemist. After three years, the company was shut down. He then applied for a job at Bhabha Atomic Research Centre (BARC) for the post of laboratory assistant where he continued working for 14 years. During the same time, he also pursued his Master's and Doctor's degree and rose to the rank of scientist. He later was posted at the Radiation Medicine Centre (RMC), a BARC department at Tata Memorial Hospital in Parel, Mumbai, Maharashtra.
Velumani decided to set up his own thyroid testing laboratory, Thyrocare, in 1996. He improved the business model by introducing a franchisee model in his diagnostic laboratory and offered testing at very affordable rates. Velumani has grown Thyrocare from testing for thyroid disorders to preventive medical checkups, and other diagnostic blood tests.
Under his leadership from past 20 years, Thyrocare has become a well-known and largest thyroid testing laboratory having a network of more than 1000 outlets across India, Nepal, Bangladesh and the Middle East. In April 2016, Thyrocare also witnessed a remarkable response in its Initial Public Offer (IPO) release with an over-subscription of 72.86 times and is claimed to be the second best show for an IPO since 2008.
Velumani also stays to be the founder and managing director of Nueclear Healthcare Ltd. (NHL) a radiology diagnostics company with its main branch at Navi Mumbai, Maharashtr. Velumani with Thyrocare has initiated this project to offer cancer related imaging services at half the cost to what the industry offers.
Personal life
During his working career at BARC at the age of 27, Velumani married Sumathi, daughter of J. K. Rao and Sarak Rao. Sumathi was working with the State Bank of India until the couple decided on leaving their jobs to start their own laboratory – Thyrocare. The couple have a son – Anand (born 1989) and a daughter – Amruta (born 1991) who were born during Velumani's working career at BARC. Sumathi Velumani was diagnosed with pancreatic cancer in October 2015 and died on 13 February 2016 at the age of 55 years. Velumani continues to live along with his son and daughter in company quarters situated in the main headquarters of Thyrocare at Navi Mumbai.