2401:4900:503E:127C:4E6D:FCB9:2D2D:1392: /* Early life */

2021-12-14T02:04:18Z

Early life

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{{short description|Indian scientist and entrepreneur (born 1959)}}
{{Infobox person
| name = A. Velumani
| image =
| birth_date = {{Birth year and age|1959}}
| birth_place = [[Coimbatore]], [[Tamil Nadu]], India
| nationality = Indian
| 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 = Sumathi Velumani (1986–2016) (her death)
| children = Anand Velumani (born 1989) Amruta Velumani (born 1991)
| parents = Arokiasamy (father) Sayammal (mother)
| relatives = A. Sundararaju (brother) A. Rathinaswamy (brother) Suseela Selvaraj (sister)
| website = {{URL|http://www.velumani.com}}
}}

'''Arokiaswamy Velumani''' (born April 1959) is an Indian scientist and 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]].<ref name=ReferenceA>{{cite news|title=Thyrocare’s Velumani: Owns no car, lives in a small quarter, but helms a Rs 1,320-crore company|url=http://articles.economictimes.indiatimes.com/2013-10-23/news/43326571_1_cx-partners-thyrocare-technologies-managing-partner-ajay-relan|accessdate=19 October 2016|work=The Economic Times|date=23 October 2013}}</ref> He is the founder and managing director of Nueclear Healthcare Limited, a radiology diagnostics company affiliated to Thyrocare.<ref name=ReferenceB>{{cite web|title=Nueclear Healthcare Limited Secures INR 22 Crores From Norwest Venture Partners (NVP)|url=http://www.marketwired.com/press-release/nueclear-healthcare-limited-secures-inr-22-crores-from-norwest-venture-partners-nvp-1747210.htm|website=www.marketwired.com|publisher=marketwired|accessdate=19 October 2016|date=8 January 2013}}</ref>

==Early life==
Velumani was born in April 1959 to a landless farmer in the village of Appanaickenpatti Pudur, near [[Coimbatore]] in [[Coimbatore district]] of the Indian state of [[Tamil Nadu]].<ref name=ReferenceC>{{cite web|title=The Amazing Story of Thyrocare Technologies|url=https://secondtake.wordpress.com/2008/11/30/the-amazing-story-of-thyrocare-technologies/|publisher=The Second Take|accessdate=19 October 2016|date=30 November 2008}}</ref> His father was a farmer and his mother was a housewife, who took up rearing buffaloes and selling their milk to sustain the family.<ref name=ReferenceD>{{cite web|title=From 2 lakhs to 3,300 crores! How A Velumani did it!|url=http://www.rediff.com/business/report/from-2-lakhs-to-3300-crores-how-a-velumani-did-it/20160608.htm|publisher=Rediff.com|accessdate=19 October 2016|date=28 July 2016}}</ref> Velumani studied at Sri Venkateswara High School, Pappanaickenpatti Pudur. He obtained his B.Sc. Degree from Ramakrishna Mission Vidyalaya, affiliated to [[University of Madras]] in 1978 at age 19.<ref name=ReferenceC/> 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 worked at Bhabha Atomic Research Centre (BARC) first as a laboratory assistant, staying for 14 years. During this time he 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.<ref name=ReferenceE>{{cite web|title=An Indian farmer's son is now worth more than $300 million after his health care firm's IPO|url=http://qz.com/678790/how-a-research-student-from-indias-finest-atomic-centre-built-a-500-million-company-detecting-thyroid-disorders/|website=www.qz.com|publisher=Quartz India|accessdate=19 October 2016|date=13 May 2016}}</ref>

Velumani decided to set up his own thyroid testing laboratory, Thyrocare, in 1996. He introduced a franchisee model in his diagnostic laboratory and offered affordable testing services. Thyrocare expanded from testing for thyroid disorders to preventive medical checkups and other diagnostic blood tests.<ref name=ReferenceE/>

Under his leadership Thyrocare became the largest thyroid testing laboratory, with a network of more than 1000 outlets across India, Nepal, Bangladesh and the Middle East.<ref name=ReferenceE/> In April 2016, Thyrocare conducted its Initial Public Offer (IPO) release, achieving over-subscription of 72.86 times.<ref name=ReferenceF>{{cite news|title=Thyrocare IPO oversubscribed 72 times; second-best public issue show in 8 years|url=http://www.vccircle.com/news/healthcare-services/2016/04/29/thyrocare-ipo-oversubscribed-72-times|accessdate=21 October 2016|publisher=New Corp VCCircle|date=29 April 2016}}</ref>

Velumani is also the founder and managing director of Nueclear Healthcare Ltd. (NHL) a radiology diagnostics company with its main branch at Navi Mumbai, Maharashtra. This project offers cancer-related imaging services at half the cost of other providers.<ref name=ReferenceG>{{cite news|title=Now, Thyrocare promoter scans low-cost cancer diagnostics, treatment|url=http://www.thehindubusinessline.com/todays-paper/tp-marketing/now-thyrocare-promoter-scans-lowcost-cancer-diagnostics-treatment/article1029642.ece|accessdate=21 October 2016|publisher=The Hindu - Business Line|date=25 December 2010}}</ref> Dr. A. Velumani has also launched two healthcare brands, namely [http://www.focustb.com/ Focus TB], focused on affordable and quality TB diagnostics and [https://www.thyrocare.com/wellness/ Aarogyam], a wellness preventive healthcheck packages. He is also a passionate motivational and [https://www.indianspeakerbureau.com/speaker_profile/a-velumani business speaker] at corporate events.

==Personal life==
During his working career at BARC at age 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 to leave their jobs to start Thyrocare.<ref name=ReferenceD/> 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 age 55.<ref>{{cite news|title=A Velumani: Life, loss and white lies|url=http://www.business-standard.com/article/beyond-business/a-velumani-life-loss-and-white-lies-116060300869_1.html|accessdate=21 October 2016|work=Business Standard|date=4 June 2016}}</ref> Velumani continues to live along with his son and daughter in company quarters situated in the main headquarters of Thyrocare at Navi Mumbai.

==References==
{{Reflist}}

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{{DEFAULTSORT:Velumani, Arokiaswamy}}
[[Category:1959 births]]
[[Category:Living people]]
[[Category:Indian biochemists]]

Arokiaswamy Velumani - Revision history

2401:4900:503E:127C:4E6D:FCB9:2D2D:1392: /* Early life */