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    The document describes the life journey and career of an entrepreneur. Some key points: - He had a difficult childhood with many hardships but was resilient and ambitious. - He had a stable government job but resigned to start his own pathology laboratory business, which grew rapidly to become a large national chain through a focus on low costs, technology, and franchising. - The business has grown significantly over the decades from 200 sqft in 1996 to over 400,000 sqft in 2016, performing thousands of tests per night across India. - Through frugality, discipline, and reinvesting profits, the valuation of the business increased from 200 million in 2009 to over 3300 million in 2016

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    The document describes the life journey and career of an entrepreneur. Some key points: - He had a difficult childhood with many hardships but was resilient and ambitious. - He had a stable government job but resigned to start his own pathology laboratory business, which grew rapidly to become a large national chain through a focus on low costs, technology, and franchising. - The business has grown significantly over the decades from 200 sqft in 1996 to over 400,000 sqft in 2016, performing thousands of tests per night across India. - Through frugality, discipline, and reinvesting profits, the valuation of the business increased from 200 million in 2009 to over 3300 million in 2016

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    19 views23 pages

    Power Power - T

    Uploaded by

    SANDEEP
    The document describes the life journey and career of an entrepreneur. Some key points: - He had a difficult childhood with many hardships but was resilient and ambitious. - He had a stable government job but resigned to start his own pathology laboratory business, which grew rapidly to become a large national chain through a focus on low costs, technology, and franchising. - The business has grown significantly over the decades from 200 sqft in 1996 to over 400,000 sqft in 2016, performing thousands of tests per night across India. - Through frugality, discipline, and reinvesting profits, the valuation of the business increased from 200 million in 2009 to over 3300 million in 2016

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    of 23

    Power of Power – T

    • Lucky Demonetised at Birth


    • Lucky it was Village.
    • Lucky did not get pampered
    • Lucky I was unemployed
    • Lucky I was under employed
    • Lucky it was closed.
    • Lucky to start from station.
    • Lucky I resigned BARC job too
    Work Life Balance
    No money
    No electricity
    No Chapals
    No Full Trousers
    No Dictionary/ Atlas
    No Group Photo
    1965 to 1974
    CoiMBAtore to MuMBAi
    50 Failures. No Exp.  Soil and culture
    English? Parents and Siblings
    Capsule company Movies and songs
    150, 175,200, 225 All Alone, JJ
    Closed down 3 nights in VT station
    1972 to 1982 Journey
    BARC – Nuclear, Thyroid
    Gazette officer – (1982 – 1995)
    M. Sc. in Thyroid Biochemistry
    PhD in Thyroid Pathophysiology
    Me GO, Wife BO, Comfort Zone
    37, Son 7, Daughter 5
    BARC – Life and Learnings
    • Most comfortable job.
    • Comfort Zones
    • Live or Lead.
    • Grow Old or Grow Big
    • Restlessness
    • Hair v/s Hillock
    • What will I loose?
    1982 to 1995
    Discuss or Decide
    1. Left Home
    2. Got married
    3. Resigned Govt. Job
    4. Thyroid at 100
    5. PETCT at 9999
    Disruptions
    • Lowest Cost
    • Franchisee
    • Air-cargo
    • Technology
    • McDonald
    • OLA
    Focus – Hence No competition
    • Biochemistry • Pathology
    • Numerical • Subjective
    • Disorders • Diseases
    • Chronic • Acute
    • Metabolic • Infection
    • Home and office • Hospital and clinic
    • Vertical • Horizontal
    The Night Story
    50,000 patient a Night

    250,000 Tests a night


    Every Night
    Same Night
    Before Midnight
    Only in Night
    It is not a laboratory : It is a factory
    • 1000 cities
    • 1200 Franchisees
    • 5000 families
    • 1000 staff
    • 98% freshers
    • Age: 24
    • Longest track
    Infrastructure
    Year Space (sqft)
    1996 200
    2000 2,000
    2004 20,000
    2008 50,000
    2012 2,00,000
    2016 4,00,000
    Punchlines
     Take less to get more
     Do not copy neighbor
     Resist temptation.
     Plan to loose.
    Million - Billion
     Stamina is ultimate
     Avoid easy things.
     Be alone, Be a Lion
     Jithao
    1995 to 2000
    Value – Money
    Per day income
    1959 0
    1965 0.1
    1971 1
    1977 10
    1983 100
    1989 1000
    1995 10,000
    2002 100000
    2009 1000000
    2016 10000000
    Business?
    • Focus first. • Price Low
    • Get it done. • Use Tech.
    • Romance with Risk. • Be frugal
    • Practice not to Preach • Work on stamina
    • Learn Story Telling • Perfect Discipline
    • Focus - IT, HR, Logistics • Maintain – TTT
    Enjoy Life
    • Create jobs not just money • Love music not food.
    • Work for value not profits • Burn Calories not salaries
    • Invest more, spend less. • Petrol and Diabetes
    • Neighbor is big enemy • Cars and Heart Attacks.
    • Avoid EMI • Focus, Learn, Grow and Enjoy
    Parents Options
    • Parent
    • Underfeed
    • Allow to think
    • Work on Mega Hertz
    • Pains must.
    • Confidence
    • Trust
    Valuations – Exhilarating (75, 149)
    • 2009 – 200 • Healthcare / India
    • 2011 – 600 • 25% CAGR / 40% EBIDITA
    • 2012 – 1200 • Zero debts / Excess Cash
    • 2015 – Dec 1800 • 4 Times in 5 years
    • 2016 - IPO - 2400 (75) • High ROCE
    • 2016 – NSE – 3300 • Frugal Leadership.
    Dedicated to
    Late. Mrs. Sumathi Velumani
    Nurtured me from 1986 to 2016

    We happily Lived,
    intensely loved, fully
    enjoyed a frugal life
    for a Billion Seconds.
    Twitter : @velumania

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