Archive · 29 Sep 2025
Thyrocare Founder: Frugality and Financial Discipline Key to Success
Dr. Velumani, who started from humble beginnings, shared his secrets to becoming rich.
He believes being poor was a key advantage, teaching him the value of saving.
He built his company, Thyrocare, by making smart, sometimes unconventional, decisions.
Now, after selling his company, he's still careful with money.
He avoids debt, invests wisely, and emphasizes that living frugally, even after success, is the best way to maintain peace of mind.
Dr. Velumani, founder of Thyrocare, shared his insights on wealth creation and frugality.
He attributes his success to his upbringing in poverty and frugal lifestyle.
He sold his company, Thyrocare, for approximately ₹4,500 crore.
His investment strategy includes mutual funds, ETFs, and real estate.
He advises the younger generation to save, invest wisely, and prioritize frugality.
- Who
- Dr. Arokiaswamy Velumani, founder of Thyrocare Technologies Ltd.
- What
- Shared financial advice and insights on his journey from poverty to wealth.
- When
- Interviewed at the Mint Money Festival.
- Where
- India
- Why
- To offer money lessons and explain his success based on frugality.
- Founder
- Dr. Arokiaswamy Velumani
- Company Sold
- Thyrocare Technologies Ltd
- Sale Value
- ₹4,500 crore (approx.)$
- Age
- 66
- Investment Strategy
- One-third mutual funds, ETFs, and real estate