Rags to riches: How Dr A Velumani took Thyrocare from a garage to a market cap of $1 billion

In 1996, Dr. Velumani started Thyrocare in a 200-foot garage with 4 employees. They offered 7 thyroid tests for only Rs 100 vs Rs. 500, which was the prevailing price back then. His simple calculation was scale. If he brought the re-agent that cost $3 in bulk, he ended up paying only $1. Having started with just Rs 2 lakh capital, Thyrocare is now valued at Rs 7,500 cr and is growing 20% per year. Since its listing on May 9, 2016, Thyrocare has added Rs 4,000 cr in Market capitalization. In the last 5 years alone, the stock has given a CAGR return of 20%. Watch to know more about the company and the man behind it.

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