⭐️ Think School’s flagship Communication course with live doubt sessions : https://thethinkschool.com/sp/communication-masterclass/ 🎧 Listen To #IndianBusinessPodcast On Spotify: https://open.spotify.com/episode/42KGLOHwv3BrrxuqEzgwrb?si=z55pPdBOQJOfPliWUES3Yg VIDEO INTRODUCTION: Dr Velumani is the founder of Thyrocare, the leading chain of diagnostic and preventive care laboratories in India. He developed an affordable model for thyroid testing, making it accessible to India's underprivileged population. Today his company is worth 32.8 billion rupees! Here is an in depth conversation with this legend! Timestamps: 0:00 Trailer 1:10 Introduction of Dr Velumani 3:15 Social Media Sensation 4:01 Secrets of Success 4:23 Role of his mother 8:10 Growing up poor 9:58 Are all rich people happy? 11:02 How do you have a positive mindset to poverty? 15:10 Leadership crashcourse 16:28 Why do marriages fail? 17:06 Lessons from my Mother 19:53 Tamil Nadu CM Kamaraj changed my life with the Midday Meal Scheme 25:08 How to be a Great Student 30:10 My First Job 32:34 Getting into BARC 35:48 Challenges of Hindi 41:42 Meeting my blind boss 45:14 Thyroid treatment is done with a Nuclear isotope 46:50 Working 16 hours a day at a government job 49:19 Why did you decide to become an entrepreneur? 51:20 What my wife said when I left my stable job 52:04 The OG 'Atmanirbhar' movement for Thyroid Reagents 54:48 Beating my competition 55:57 What went wrong for my competitors 57:58 Partnering with MNC Siemens 59:20 Manual vs automated Testing 1:01:51 Success Strategy through a franchise model 1:04:40 Hub and Spoke model - single lab for a billion people 1:08:05 Scaling to 25 centres 1:09:30 Understanding the Industry 1:11:07 Difference between Pathology and Radiology? 1:12:08 Why did you choose Pathology and thyroid testing? 1:14:45 What are the sub-segments of microbiology? 1:18:54 Competitors were doing 3500 tests, why was Thyrocare doing only 200? 1:22:00 Power of Focus 1:24:07 Bold Journey into Private Equity 1:30:12 How do you keep investors happy? 1:31:22 Drawing zero salary from Day 1 1:33:48 Reaching a valuation of 1200 crores 1:35:13 Going IPO, Journey to 3300 crores 1:39:27 My Romeo-Juliet Story 1:52:22 Importance of spouse's support in an entrepreneurial journey 1:55:19 How to choose the best spouse 1:57:35 Features of a great entrepreneur Our Best Indian Business Case Studies: 1. Asian paints - https://youtu.be/jGT6ob8hV6M 2. Amul - https://youtu.be/nnwqtZiYMxQ 3. Haldiram - https://youtu.be/Z7P-t_yc8gE 4. Lijjat Papad - https://youtu.be/EdpoEmifW7M Think School is a Digital School that we all deserved, but never had ►►Check out Think School's Online courses: https://www.thethinkschool.com #thinkschool #businesscasestudy #geopolitics Fair use - This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.