Arokiaswamy Velumani

Dr. Arokiaswamy Velumani (born 12 April 1959) is an Indian billionaire entrepreneur. He is the founder of Thyrocare Technologies Ltd. a chain of diagnostic and preventive care laboratories headquartered in Navi Mumbai. He is the founder of Nueclear Healthcare Limited, a radiology diagnostics company affiliated to Thyrocare.

Early life Velumani was born on 12 April 1959 to a landless farmer in the village of Appanaickenpatti Pudur, near Coimbatore in Coimbatore district of the erstwhile Madras State. His father was a farmer and his mother was a housewife, who took up rearing buffaloes and selling their milk to sustain the family. Velumani studied at Sri Venkateswara High School, Appanaickenpatti Pudur. He obtained his B.Sc. from Sri Ramakrishna Mission Vidyalaya College of Arts and Science, Coimbatore, affiliated to the University of Madras in 1978 at age 19.

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.

Velumani is the founder and managing director of Nueclear Healthcare Ltd. 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.

Personal life During his working career at BARC at age 27, Velumani married Sumathi, daughter of J. K. Rao and Sarala Rao. Sumathi was working with the State Bank of India until the couple decided to leave their jobs to start Thyrocare.