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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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My gear for shooting this video:
Canon EOS 200D II 24.1MP DSLR Camera: https://amzn.to/3GuiPFK
Canon EF50MM F/1.8 STM Lens: https://amzn.to/3WZOSoi
Canon EF-S 18-55mm f/3.5-5.6: https://amzn.to/3ZpKBMy
Yunteng Aluminium Tripod (Vct-690, Black): https://amzn.to/3ItEzV0
Zoom H6 All Black (2020 Version): https://amzn.to/3irUCIf
Shure SM7B Cardioid Vocal Dynamic Microphone: https://amzn.to/3GPimiM
Shure MV7 USB Podcast Microphone: https://amzn.to/3Xjy63d
GODOX SL150II 150W LED Video Light: https://amzn.to/3XeN0aL
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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 chann