Dr. Velumani On Building ₹5000 Crore Business, Poverty, Risk & Success | FO174 | Raj Shamani

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Timestamps:

0:00 - Intro
04:00 - Birth, education and first job
04:56 - How thyrocare started?
06:23 - Fortunately born poor
08:48 - At age 10, became head of family
11:10 - 7AM to 11PM is heaven
13:05 - Challenges in education and job
15:19 - Why hire freshers?
17:28 - Coimbatore to Mumbai
18:20 - Started working at BARC
19:39 - Dr. Velumani’s marriage story
25:55 - How he did Msc. and PhD.?
28:07 - Intelligence makes the most powerful
29:48 - The journey of thyrocare
31:20 - Resigned from Govt. job
34:45 - Decided to start thyrocare
36:03 - Idea generation-Thyrocare
38:07 - Things every entrepreneur should know
39:28 - Strategies that made thyrocare grow
44:32 - Ran thyrocare with zero investors
46:39 - Cost control works in Indian Markets
47:34 - Marketing strategy of Thyrocare
49:10 - Top 3 business ideas
53:02 - Freshers are better than experienced
54:49 - Employee life cycle
57:02 - Evolution of entrepreneurs
57:58 - Pampered V/S Parented
58:52 - Why and how thyrocare was sold?
01:02:44 - Became a motivator
01:03:54- Conclusion

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In today’s episode of Figuring Out, we have Dr. Velumani Arokiaswamy in Conversation with Raj Shamani. He is the founder of Thyrocare, India’s leading clinical laboratory. It has 7000+ centers all over India. But this conversation is not just about Thyrocare but about a person who was born poor but ended up building a billion-dollar company and exited it with a 5000 crore cheque.

In this episode, we talked about how he became the leader of his family at the age of 10. How he started earning at the age of 11 to how he went to a college and chose Bcom over BSc to save money, how his teacher funded his BSc, how he got rejected from 50 companies after his graduation and how he came to Mumbai with 500 rupees, slept on the railway station for 3 days until he got selected in BARC. His journey and stories between these struggles and wins will motivate you to the core. We talked about how his father-in-law persuaded him to marry his daughter and how his wife became his first employee at Thyrocare. He shared the story of building thyrocare.

Towards the end, we talked about business and entrepreneurship and he gave tons of advice and tips for entrepreneurs. He also shared why he exited his company and his life post the exit. We ended our conversation by talking about industries that have a huge scope in the coming days. This conversation was one of a kind with constant punchlines and learnings shared by Dr. Velumani. For more such conversations, subscribe to our channel.

Follow Dr Velumani On:

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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.

To Know More,
Follow Raj Shamani On ⤵︎

Instagram @RajShamani

Twitter @RajShamani

Facebook @ShamaniRaj

LinkedIn - Raj Shamani

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#Podcast #FiguringOut #RajShamani

[kumailakhtar]

My favorite punch line is

1. Keeping the price low
2. Let your competitors do marketing for you
3. You can never take decision when you discuss be independent and take decision alone.
4. Freedom is the biggest blessing.
5. Fortunately born poor
6. Take risk when you feel you have nothing to lose. ( Count this as blessings)
7. When his wife said "i want to be the greatest person of a struggling family rather then a mediocre person of a established family"
8. Hire more freshers and train them by your self it's better then hiring experienced persons.

And on the lighter note
"Everyone wants an experienced employee but no one wants an experienced wife 😂😂" very Halirous ☺️☺️

[shankarpridankar]

I have worked for 3 years in Thyrocare
They hired me as a fresher, I am very proud of you Sir

[vijaykalugade]

Last punch line... If you do new mistake everyday you will be billionaire, and if you make a same mistake everyday you will be beggar...😊....such a inspiring talk...👌👌👍

[sayantamjana]

"August 18, 1982 Kanyakumari to Mumbai Jayanti Janta express, boarded at Coimbatore, s9 coach berth number 41 and landed in Mumbai like a Don with 500 rupees in my body " 😌.. I could literally imagine in mind watching a movie. He is such a great story teller ❤

[Mukeshraghuwanshiyt]

Best line for me and many young Indians was " Poverty gives you the power to take fast decisions" 💪

[ravindrasinha]

I am also a 68 yrs old young man.Rebuilt my 34 yrs old business at the age of 63.But i have learnt alot after watching this podcast.This interview will inspire many new comers in near future.Also i Salute Dr.Velumani sir for his courage and his punch lines.

[nahidsyyed]

My punch line on this great man:
He is not Dr.Velumani, but Dr. VALUE-MONEY!😊

[HaniTecBrix]

Landed here from the shorts, skipping dozen of celebrities, scroll 12 rows to find this interview. This is a healthy food for hunger intellectual, a businessman or any curious heart (not mind :) ). His every punchline is drives to rethinking, motivate to work smart and enjoy the life. Love from PK. Thanks Raj for producing one of your best content.

[mohdfaisal]

Bhai sahab, itna maza to movie dekh kr bhi nhi ata hai, jitna is podcast se aya, inke upar movie banni chahiye❤

[dakshjain]

Why does our schools not teach about this person..
Such a fantastic person with vast knowledge❤

[vinaydon]

Best podcast,
On intelligence.
On life.
On punch line.
On journey.
On mistakes .
On bussines.
Everything with lots of enjoyment

[rohithsangu]

Currently, I'm feeling like I'm at a low point in my life with no clarity on what I'm doing. This podcast really boosted me, Dr. Velumani Sir! You are amazing and a true inspiration for many. Thank you!!

[asimsoherwardi]

"Jeena tha toh Coimbatore mein bhi jee sakta tha par Mumbai aya toh jeetna hai" ek filmy dialogue hai yeh toh lekin bohat zabardast motivation. Very inspiring journey

[shantanuphatak]

Grandpa is more savage then today's teens 😞🤣🤣♥️🔥🔥

[rohitavhad]

1:05:41 My most fav punchline was 'Ur ideas r like sperms, only one in a million works' 😂🤣

[riteshjain]

This is pure gold.
This podcast should be shown to all the busniss school and this man's story should be part of every school curriculum.
Hat's off to the courage and grit of this man.India will inspire from you ways.

[sarvesh]

Best podcast ever, when he told "there are Tamil audience across the world unko happiness aana chahiye" proud as a tamilian ❤ such a great man

[brilliantedupedia]

The way he acknowledges Dr. Kartikeyan and says " Agar woh nahi hota to main aaj Raj Shamani ke samne baitha nahi hota " is the epic moment of this interview. Simple line but deep meaning ❤

[gaminghelper]

This is the first podcast jo maine puri dekhi hai aajtk

[Ramakant-nisika]

My favourite punch line was like - Ideas are like spearms one in a million works 👍