A Velumani

Storyteller, #MassMentor
Bengaluru, Karnataka,India
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Who Is A Velumani?

Total Experience44 years
Company#MassMentor
CountryIndia

Dr. Arokiaswamy Velumani is a renowned Indian scientist and entrepreneur, celebrated as the visionary founder of Thyrocare Technologies Ltd., a trailblazer in the Indian diagnostic industry. Born into a poor farming family in a small village near Coimbatore, Tamil Nadu, his journey is a powerful testament to perseverance and ambition. After earning his Ph.D. in Thyroid Physiology, he worked as a scientist at the Bhabha Atomic Research Centre (BARC) for 14 years. In 1996, with his provident fund savings, he founded Thyrocare, aiming to make thyroid testing affordable and accessible. He revolutionized the healthcare sector with a disruptive, low-cost, high-volume business model focused on preventive care and a franchisee-based sample collection network. Known for his principles of 'frugal innovation' and maintaining a debt-free company, he scaled Thyrocare into one of India's largest diagnostic chains before its successful IPO in 2016 and its eventual acquisition by PharmEasy in 2021. Today, he is an active investor, mentor, and a highly sought-after motivational speaker, inspiring a new generation of entrepreneurs with his rags-to-riches story.

A Velumani LinkedIn pageCompany Website

How Did A Velumani's Career Path Shape Their Journey?

A Velumani's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:

#MassMentor - Storyteller(2022 to Present)
Thyrocare Technologies Ltd. - Co-Chief Executive Officer(1995 to 2022)
BARC - Scientist(1982 to 1995)

What Are A Velumani's Key Achievements?

Pioneering Affordable Diagnostics

Founded Thyrocare in 1996 and disrupted the Indian pathology industry by creating a centralized laboratory model that drastically reduced the cost of diagnostic tests, making preventive healthcare accessible to millions.

Successful IPO Oversubscription

Led Thyrocare to a massively successful Initial Public Offering (IPO) in 2016, which was oversubscribed 73 times, reflecting immense public and investor confidence in his business acumen and vision.

Landmark Acquisition Deal

Orchestrated the sale of his controlling 66% stake in Thyrocare to PharmEasy in 2021 for approximately ₹4,546 crore (about $613 million), one of the largest deals in the Indian startup and healthcare ecosystem.

Champion of Frugal Innovation

Widely recognized for building a billion-dollar, debt-free enterprise based on the philosophy of frugal innovation, efficient logistics, and lean management, which has become a case study for entrepreneurs globally.

What's A Velumani's Educational Background?

Doctor of Philosophy (PhD), Thyroid Pathophysiology

BARC, Mumbai University - Year 1991

Master of Science (M.Sc.), Thyroid Biochemistry

BARC - Year 1986

Bachelor of Science (BSc), Chemistry

SRKV Arts and Science College. Coimbatore - Year 1974

SSLC

SVHS, Appanaickenpatti - Year 1968

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Notable news
Hiring actively
Corporate Finance
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Company Overview

#MassMentor
Total employees150
HeadquartersBoston
Founded2009

MassMentor is the dedicated mentorship platform of MassChallenge, a global, zero-equity startup accelerator. It connects entrepreneurs and early-stage companies with a diverse, global network of high-quality, volunteer mentors. The platform facilitates meaningful connections, enabling startups to receive expert guidance, strategic advice, and industry insights to navigate challenges, accelerate growth, and achieve their milestones.

Company Website
#MassMentor Funding Information
Unknown - Total Funding Raised
$5.2M - Most recent funding amount
2 - Number of funding rounds
1 Feb, 2021 - Latest funding round
Lead Investors:
Fidelity Investments
BAE Systems
IBM
Oracle
The Boston Foundation
Microsoft

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