Start_upinfo’s Post

From ₹500 in His Pocket to a ₹5,000 Crore Empire: The Inspiring Journey of Dr. A. Velumani, Founder of #Thyrocare How did a young man with just ₹500 in his pocket make his way to Mumbai?** Dr. A. Velumani’s life is a powerful story of determination, resilience, and success. Born into a poor farming family in a small village 🏡, his early life was filled with challenges. With only ₹500, he moved to Mumbai in search of better opportunities. During his initial days in the city, he had no place to stay and ended up sleeping on the platform of Mumbai's railway station for three nights. 🎓 **What drove him to pursue higher education?** Despite the hardships, Dr. Velumani's drive for education led him to earn a degree 🎓 and secure a job at Bhabha Atomic Research Centre (BARC). However, his entrepreneurial spirit led him to venture into the healthcare industry 💡. How did he start Thyrocare?** In 1996, he founded Thyrocare, starting with minimal resources but a strong vision to provide affordable diagnostic services across India. 🧪💼 How did Thyrocare grow into a healthcare giant?** Thyrocare's growth was extraordinary 📈. What began as a small lab quickly expanded into one of India's largest diagnostic chains, valued at ₹5,000 crore today. Dr. Velumani’s commitment to making healthcare accessible to all played a crucial role in this success 🏆. What personal challenges did he face along the way? On a personal front, life dealt him a significant blow when his wife passed away due to cancer. Despite this immense loss, he remained steadfast in his mission to improve healthcare services for millions of people. #DrVelumani’s journey from humble beginnings to the helm of a healthcare giant is a testament to his relentless pursuit of excellence and his determination to overcome any obstacle in his path. #Inspiration #SuccessStory #Leadership #Entrepreneurship #Healthcare #Thyrocare #JourneyToSuccess #StartupStory #HealthcareInnovation #Resilience #BusinessLeader

This Padma Shri Awardee took his father’s lab and built a ₹27,000 Cr empire, transforming diagnostics in India! The story began in 1949 when the visionary Dr. S.K. Lal, a Major in the Indian Army, retired and founded the "Central Clinical Laboratory" But in 1977, tragedy struck when Dr. Lal was murdered by his own brother. This heartbreaking event forced his son, Dr. Arvind Lal, to leave behind his promising career in the Army and step into the family business—something he had never planned for. Year later, while working one day a patient asked him,  “‘You are such a bright young man. Why can’t you set up a lab at Model town too?” This stayed with Dr. Lal. With that he went on to set up the first franchise model in the health care business in India, The franchises were introduced with an innovative model, collecting the samples which would then be sent to the company’s central labs for testing. 🚀 In 2005, Dr. Lal brought in Om Manchanda, an IIMA graduate, and together they scaled Dr Lal Path Labs into its current network of over 277 clinical labs, 5,000+ patient service centres and 10,000+ pick-up points. LPL has Introduced the highest number of new tests, instruments, providing services to 27.6 million patients and tested a total of 78.2 million samples last year. That too with net zero debt! For his extraordinary contributions, Dr. Lal was also honored with the Padma Shri in 2009 and made an Honorary Brigadier by the President of India. 🎖🇮🇳 Dr. Lal’s story isn’t just about building a business. It’s about turning an unimaginable tragedy into an opportunity to transform healthcare for millions. His journey proves that even when life throws us off course, we can find success with the right vision and determination. Agreed? Disclaimer: I am not invested in Lal Path Labs, and this post is not intended as stock advice. #business #success #india #diagnostics

The sudden death of his father made him leave his job as a lecturer and build a 2000 crore business A young and ambitious man, who just graduated in MD in Pathology was surprisingly working in a lecture hall rather than in a bustling hospital. The man here is Arvind Lal. During his tenure as a lecturer, the sudden passing of his father forced Dr. Lal to return home and take the work of his family's small pathology lab. This was not the academic dream he dreamt of. But, he didn't know and was totally unaware of what was waiting for him. Soon after joining the lab, he realized diagnostic testing in India was fragmented, with only a handful of players in a largely unorganized industry This pushed him to grab the opportunity of the potential to create something big in this field. He pioneered the franchise model in India's healthcare sector, allowing Dr.Lal PathLabs to spread its reach far and wide. From 3 labs, the company grew to a staggering 2,000, making it the first diagnostic chain to be listed on the stock market. This growth wasn't just about numbers. It was about empowering patients with timely and reliable diagnoses. Dr. Lal's story is more than just an entrepreneurial success. It's a great example of the transformative power of health tech. It's a story of taking a traditional practice and using innovation to make it accessible to the masses. These stories inspire us to see challenges as opportunities and to use our knowledge and passion to build something remarkable. #lalpathlabs #inspirationforyouth #casestudy #healthtech #entrepreneurship

🌟Inspiration Alert🌟 Dr Velumani Arokiaswamy Thyrocare Technologies Ltd. #punchline "If you do What you have studied, you will Survive! If you do what you have not studied, you will be the Leader! " Today, I want to shine a spotlight on an incredible journey that has greatly inspired me - the story of Dr. Arokiaswamy Velumani, a visionary entrepreneur and the force behind Thyrocare Technologies Ltd. Starting from humble beginnings, Dr. Velumani's path to success is nothing short of remarkable. His commitment and perseverance transformed his dreams into reality, leading Thyrocare to become a leading chain of diagnostic and preventive care laboratories, headquartered in Navi Mumbai. Further extending his vision, he founded Nueclear Healthcare Limited, a pioneering radiology diagnostics company. The climax of his entrepreneurial journey was breathtaking—on June 25, 2021, at the age of 62, Dr. Velumani sold a 66.1% stake in Thyrocare to Pharmeasy for a whopping ₹6,334 crores! This monumental deal not only marks a significant milestone in the healthcare industry but also underscores the enduring value of passion, resilience, and hard work. Dr. Velumani’s journey from a life of struggles to achieving such incredible heights is a powerful reminder that no dream is too big when you have the courage to pursue it relentlessly. His story motivates me to push my limits and reinforces my belief in the power of dedication and hard work. Let's all take a moment to celebrate such inspiring journeys that remind us of the possibilities that await when we dare to dream big! 🚀 #Inspiration #Entrepreneurship #HealthcareInnovation #SuccessStory #Thyrocare #Leadership

Redcliffe Labs Raises $42 Million in Series C Funding to Expand Diagnostics Reach Across India Redcliffe Labs, a leading diagnostics chain in India, has secured $42 million in Series C funding, propelling its growth plans across the country. The investment will enable the company to expand its network of diagnostic centers, invest in cutting-edge technologies, and strengthen its research and development capabilities. The funding round was led by Temasek, a global investment firm, with participation from existing investors. This significant infusion of capital will fuel Redcliffe Labs' mission to make quality healthcare accessible to every Indian. The company plans to use the funds to hire additional talent, expand its operations to underserved areas, and develop new diagnostic tests. Dheeraj Jain, CEO of Redcliffe Labs, expressed his excitement about the investment, stating, "This funding will enable us to accelerate our growth and continue to provide innovative diagnostic solutions to patients across India. We are committed to improving healthcare outcomes and making a positive impact on people's lives." With this latest funding, Redcliffe Labs is poised to further strengthen its position as a pioneer in the Indian diagnostics industry. The company's focus on innovation and patient-centric care has already made it a trusted name among healthcare providers and consumers alike. #startup #startupnews #business #RedcliffeLabs #healthcare #india #company #Diagnostics #finance #funding #expand #growth #innovation #post

Pioneering the Future of R&D: Dr. Sooraj Padinjattayil’s Vision for R&D Excellence At Experiqs Pvt. Ltd., innovation thrives without limits. Guided by Dr. Sooraj Padinjattayil's vision to make research and development accessible to all, Experiqs is creating an interdisciplinary platform where diverse expertise and advanced technology come together to address complex industrial challenges. With this platform, Experiqs aims to address complex industrial R&D challenges and transform India to a global hub for R&D excellence. His belief is that India has the talent, ingenuity, and potential to lead the world in innovation, and he is dedicated to enabling this transformation Under his leadership, Experiqs has delivered impactful solutions to industries such as automotive, energy, and pharmaceuticals. Focusing on teamwork and bringing together different areas of expertise to create new ideas and solutions. Experiqs goal is to connect what industries need with advanced technologies, making a real difference for the future. Dr. Sooraj envisions democratizing R&D, empowering businesses of all sizes, and positioning India as a global innovation hub. Through interdisciplinary collaboration, he’s reshaping industries to tackle challenges and unlock opportunities. Join us on this remarkable journey as we innovate, collaborate, and transform India into a global beacon of R&D excellence. Sooraj Padinjattayil #pioneeringinnovation #drsoorajpadinjattayil #experiqs #researchanddevelopment #rdleadership #interdisciplinaryresearch #engineeringinnovation #globalrdhub #industrialtransformation #innovationecosystem #democratizingrd #collaborationiskey #makeinindia #ceopersonalbranding #rdexcellence

A 💯 Sure shot Trick to get Amazing funding at great valuation [especially in healthcare industry] !!!! (Tried and tested by many startups one of them calls themselves NEUROTECH PIONEERS) STEP 1. Create a Sob 😭 story about how you have witnessed a 🏥 tragedy in your family ( Even if the tragedy is real and it has no relation with your product or your services but you know how to sell itby pulling soen heart strings) STEP 2. Next you blame healthcare system, doctors 🥼 and current gold standard methods used internationally to diagnose and treat illnesses! And make sure you play victim card right!!! (see if you can shed some tears) STEP 3. Now bring out the revolutionary “useless” product which you whimsically thought about and made it overnight from local manufacturers ! Which you now showcase as a new Gold standard according to your maholla association ! Make sure you highlight that you can now replace the product - for which many companies and doctors have done years of RnD - with your bhindimarket tested product But make sure it shouldnt have any connection to the actual motive you demonstrated by crying in step 2 ( so the product and motivating factor is look in london and talk in Tokyo) STEP 4 Demonstrate your zero innovative product’s usecase completely out of healthcare domain ( You remember you made the whole product because of your tragic medical story) but now you use it to do something which doesnt have anything to do with healthcare!!! STEP 5 When someone start buying your Bullshit story you do whatever they tell you to even if it means they ask you to change your product and domain far away from what you actually started creating! ( Common someone is throwing money at you of course you can give up your fake sob story… Just make sure you get the right price ) Here you go in 5 steps you can become Zero to 15 crore Valuation ! Try this method next time you go on Shark Tank India Do you know any such startup who has used this amazing playbook? Mention them in comment Did i miss any interesting point ? Mention it in comment #sharktankindia #funding #fakecry #healthcarestartups #doctors #neurotech #fakepioneers

From Experiencing Poverty To Building One Of The World's Largest Company! Dr Velumani Arokiaswamy, born in a poor family in a small village, faced tough times growing up. His family struggled to afford basic necessities like pants and shoes. Despite these challenges, he worked hard and became the founder, chairman, and managing director of Thyrocare Technologies Ltd. Technologies, the world's largest thyroid testing company. Velumani's journey wasn't easy. With limited access to education in his village, Velumani left in search of a better future. He started with a job in a pharmaceutical company, earning a meager salary. After the pharmaceutical company closed down, Velumani moved to Mumbai and joined the Bhabha Atomic Research Centre. Velumani's vision was to make healthcare diagnostics, especially thyroid testing, affordable for everyone. In 2006, he launched Thyrocare as an affordable healthcare testing brand. Despite facing challenges, Velumani's determination paid off as Thyrocare grew rapidly! In 2016, Thyrocare Technologies was listed on the bourses, with a net worth of Rs 3,377 crore! Velumani took many risky steps like quitting his job and spending a large amount of his provident fund, without knowing whether he would fail or succeed! Which value/quality should every entrepreneur have according to you? Let's discuss in comments! #founders #entrepreneur

The diagnostic industry in India is taking off like crazy 😲 . Currently at $16.6 Billion, is expected to hit $20 Billion by FY26 and $43.2 Billion by FY32. That's crazy Growth 🚀🚀🚀 . Globally also it stands at $918 Billion(2022) and is growing at a CAGR of 13.3% and will keep growing at this pace till 2030. Meaning globally the market will hit roughly $2.5 Trillion by FY30. Sounds insane but it's not, once you look at the historical data from 2018 to 2022. That's massive but why is it happening: - COVID was a big wake-up call for all the Countries to double down on their Health care infra both private & Govt. - In regions like LATAM, ASIA, India, etc people now have disposable income to spend in this category. Just like Indians taking domestic flights have gone up crazy is proof of that. - People have become more health conscious and now are developing habits to get themselves checked up once or twice a year even if they don't fall ill. (Preventive measures) - More tests are happening. There are 110+ different kinds of diagnostic tests with thousands of different variation that helps to make more money. For India read this report by Axis Capital Ltd. - https://lnkd.in/d893ZsjY For Global report read this - https://lnkd.in/dgiX8jya. If you are an investor, founder, key operator, or an industry player in diagnostics I would love to chat with you on this opportunity. Since I am building for this space. #startup #healthtech #heathcare #founder #investor #vc #vcfund

Slow and steady wins the race... Couple of days back, out of the blue got a nice long email from an ex business associate of mine in Europe. 12 years back we had worked together, I as BD head at a large Indian Pharma company, while he was running his own niche pharma business - essentially a 2 man operation. We were similar age and had struck it off as good friends too. He had a simple idea of identifying niche pharma products which had no/limited competition, hidden gems which had been overlooked and slowly launch them into the market. I remember having long discussions with him when I had relocated back to India, for a way to be associated with his venture. However unfortunately for me, the discussions fizzled out (essentially because I could not see the bigger picture). Fast track today and he has built a 10MnEuro per annum EBIDTA business (doubled since last year), on essentially the same 2 man operations. He now wants to slowly expand and add more folks. Surely a great story and inspiration for those wanting to build and run a business: the hard-working & smart-working way!! #business #niche