Chennai,AJAY CHANDRAN: He was rejected by many companies because he was fresher. Thyrocare Technologies founder Dr.Arokiaswamy Velumani who build a company from Rs. 10000 to Rs. 33 billion. Recruits only Freshers for all posts for his company.Owns no car, lives in a small quarter, but helms a Rs 1,320-crore company.”And a Proud Fact He is a THAMIZAN”
The son of a landless farmer from the nondescript village of Appanickenpatti Padur in Tamil Nadu, Velumani saw through school and college on subsidized funding from the government.
“My parents were very poor,” Velumani said in an interview. “They never had the luxury of buying me a pair of chappals or trousers. I was born at the bottom of the ten slices of the pyramid. It wasn’t easy. But today, I am at the top of the very pyramid.”
Velumani’s career began with a job as a shift chemist at Gemini Capsules, a small pharmaceutical company in Coimbatore, in 1979. The 20-year-old chemistry graduate earned a paltry Rs 150 ($2.25 currently) every month. Three years later, the company shut down and Velumani suddenly found himself without a job.
He began with a master’s degree in 1985 and eventually completed his doctoral program in thyroid biochemistry by 1995, through a tie-up program that the University of Mumbai had with BARC.
14 years after he started work at BARC, Velumani put in his papers. He had decided that he wanted to use his expertise in thyroid biochemistry to set up testing labs to detect thyroid disorders. With the Rs100,000 ($1,500) that he collected through his provident fund, Velumani set up shop in Byculla, a middle-class neighbourhood in South Mumbai, which is a short distance from the Tata Memorial Hospital, a prominent cancer institute. He was 37-years-old then.
Velumani’s wife, who died in February this year, due to pancreatic cancer, quit her job at the State Bank of India to become his first employee. “As with any business, the initial years were difficult,” said Velumani. “But when you are passionate about something, those pains also become a pleasure.”