Headquarter In: Navi Mumbai, Maharashtra
Founded in Year: 1996
Employees Headcount: 501-1,000
Your Tagline/Quote: “The Trust. The Truth”
Specialties: Preventive Health care, Diagnostic Laboratory, Medical Health Care Services, and PET CT Scan
Global healthcare solutions are constantly evolving to cater to the needs of constantly changing customer wants and needs. Clinical laboratories constitute a major and vital component of the global healthcare space. About 70% of diagnoses are solely based on laboratory results. The current healthcare crisis has further exposed the need for better, sophisticated and faster diagnostic solutions. Technological brilliance-based ingenuity is critical to remain abreast with the changing landscape of this intensely competitive diagnostic industry. The demand for diagnostic laboratories has been growing with a corresponding rise in lifestyle disorders and infectious diseases. From monitoring chronic diseases to diagnosing acute illnesses, the pivotal role played by automated laboratory technologies need not be over emphasized. Clinical laboratories are no longer confined within the domains of acute and curative medicine. With increasing income levels, a higher growth in the field of preventive care is surging. Healthcare has been becoming more and more prevention-oriented. Better quality of tests, with higher reliability and reproducibility gives higher levels of confidence to institute early treatments. What was 25 years back a zero automation laboratory, today boasts significant automations, at various levels due to the advent of both biotechnology and Information Technology. Thyrocare Technologies Limited undisputedly holds the unique
title of becoming the “ India’s first fully automated diagnostic laboratory”. As the first fully mechanized clinical chemistry laboratory, with its IT enabled, controlled, monitored floor and logistics, it has been the fastest growing diagnostic laboratory in India for the last 2 decades. The cost-effective quality services offered by Thyrocare are changing millions of lives in over 10,000 pincodes in various towns and cities across the country. Thyrocare is leaving an indelible mark on the international front as well (10 Asian Countries). Thyrocare, the brand has become
synonymous with trust and an unwavering commitment to provide the best-in-class services to its diverse clientele.
Thyrocare: A Name Synonymous with Trust
Thyrocare focuses on the provision of standardized laboratory services across the world. The company operates with a Centralized Processing Laboratory (CPL) in Mumbai – India for esoteric tests; and 15 Regional Processing Laboratories in major metro cities of India and other parts of Asia. The qualitative brilliance of Thyrocare has been praised and accredited by the ISO 9001-2000 rating. In 2001, it became one of the very first laboratories in India to receive such a venerated international acclaim and recognition. Currently, Thyrocare holds the ISO 9001:2008
certification along with a CAP certificate (awarded in 2007). Its supreme quality is embodied and personified by Thyrocare Technologies.
“We are proud to say, we have single handedly benchmarked Quality, cost and speed for 3 decades”
A Novel Operational Niche-
The company is driven by the mission of curating the best of services that are created by the optimization of science and technologies and made available at competitive price points. Strong technologies, strong brands, and strong systems are the grounding principles of the company. Thyrocare attained the distinction of becoming the first Indian laboratory to also have an IT enabled, 24×7, fully automated diagnostic laboratory set up covering over 2,00,000 sq. ft. floor space that ensures error-free processing of over 80,000 specimens and over 4,00,000 Clinical Chemistry investigations per night. The company’s logistic brilliance of the air cargo delivery strategy coupled with bi-directional, barcoded systems ensure delivery of results within 4-8 hours of processing.
Several stakeholders in the diagnostic industry hold the company to unmatched esteem and hail its services as the potent yardsticks of quality. Meticulously created and monitored systems, well-chosen and trained manpower, wise selection of the best global technologies for specialized testing and an uncompromised approach to instrumentation makes Thyrocare a force to be reckoned with in the arena of revolutionary diagnostic laboratories. Plethora of Services Offered
Tailored Service Menus
Thyrocare’s illustrious menu of services is carefully curated to cater to the varied needs of all customers. Their commitment to the provision of quality services at affordable rates holds true in all diagnostic solutions offered by the company. The distinctive niche carved out by the company is supported by its dual list of services that are tailored for clients seeking both sick-care as well as preventive-care packages. Thyrocare offers tests that cover diverse age groups and arenas of diagnosis, ranging from prenatal screening, to screening for hormonal imbalance, nutritional deficiencies and tracking lifestyle disorders.
Services Guided by an Intelligence Laboratory System
Quality services are provided by Thyrocare through incomparable technological support, barcoding, instrumentation, IT and logistical support. The main Thyrocare laboratory in Mumbai features state-of-the-art automation and is equipped with the best international diagnostic tools. This smart laboratory is driven by an Intelligence Laboratory System (ILS).
“IT enabled, monitored and controlled laboratory that offers “Best quality,
at affordable costs –nationwide”
Thyrocare has secured an ace position in the field of diagnostic care owing to its cutting edge technological penchants. Enzyme Linked Immuno-Sorbent Assay (ELISA), High Performance Liquid Chromatography (HPLC), Electrophoresis, Flow Cytometry, Photometry are some of the most advanced technologies implemented by the company. Thyrocare brings the best of the world within the reach of your palms. Their laboratories are fortified with the best diagnostic machines from various countries of the world. Barcode instrumentation enables the smooth and error-free processing of 75,000 samples every day. The mounted sample vial is automatically
routed to the correct analyzer for processing and simultaneously output data is synchronized with the software to generate and upload the reports on the website, making the entire process fast and
Distinguished Fortes of Thyrocare
The key elements that distinguish Thyrocare from other competitors in the market include the unique conceptual edge and technological brilliance that the company has secured over the years of its operation. Thyrocare brings unmatched operation optimization to India with the world’s largest and longest laboratory tract automation device, Aptio. It is empowered by India's First preanalytical barcoded vial sorter (MUT) and Sample Sorter (Roche). The other key strengths of the company include:
Qualitative Prowess- Quality-assurance has been a seminal cornerstone for the company. Thyrocare has attained unparalleled accolades over the last 2 decades due to its relentless drive to prioritize quality services provision. The expert team of pathologists, biochemists, scientists and technologists at Thyrocare curate the finest of diagnostic experience for clients. Thyrocare endeavours to ensure excellence in services right from the commencement of a procedure to its completion. The Internal Quality Parameters of the company are accompanied by a professionally trained and responsible staff. Beginning from sample collection to the delivery of examined results, Thyrocare’s superior service quality remains unrivaled. Thyrocare has received national as well as international accreditation for its quality services.
Ingenuity of IT Networks- Thyrocare boasts an unmatched qualitative brilliance due to the company’s best-in-class IT network designs. Armed with premium IT analyzers and web- analyzers, Thyrocare secures a preeminent position among the world’s leading diagnostic centers. The IT network of the company is subjected to rigid security protocols and end-to-end monitoring that ensures a harmonious balance of control and empowerment.
Competitive Costing- Thyrocare optimizes cost-efficiency to provide superior services at affordable rates. The company has always believed that working on value is practical when the operations are B2C, while when the operations are B2B, volume makes all the difference. Thyrocare has been working on the cost of retail reagents for its services. An optimized operation framework that is supported by a seamlessly automotive drive propels the firm to offer its quality services at affordable prices.
Prompt Result Deliveries- Time is often of essence when dealing with a health crisis. Quick diagnostic results can make a colossal difference in the life of a patient. An irrefutable strength of Thyrocare has been the speed and efficiency of delivering results. With 95% of the business being air cargo driven, Thyrocare’s barcode, bi-directionally interfaced web server solutions can be used anywhere in the world by hospitals to deliver results within 5 hours of sample collection. Key Specialty- The main focus of the company is to leave an indelible mark in the field of preventive medicine. Thyrocare helps laboratories outsource their numerical pathology tests. The standardization of tests is ensured by password and username protected accounts. This unique B2B approach helps the industry. Clinical chemistry and preventive care diagnosis are the central arenas of focus for the company.
“Our prime focus is to facilitate and standardize quality and cost in clinical chemistry across the world”
Expansive Market Reach- Thyrocare’s reach has expanded exponentially over the last 2 decades. Thyrocare has become the top choice for most brands as their backend laboratory. The Thyrocare empire now spans across multiple cities, countries and continents. With an ever expanding clientele, Thyrocare currently boasts of processing 3 billion investigations in a year and having a capacity to process 10 billion in a year.
Dr. Arokiaswamy Velumani: Thyrocare’s Visionary Creator
Thyrocare was ideated and nurtured by its fearlessly talented leader, Dr. A. Velumani. Dr. Velumani is the Creator of “Thyrocare” and Founder of Thyrocare Technologies Limited. Hailing from the remote village of Appanaickenpatti Pudur in Coimbatore, Tamil Nadu, he created this supremely successful empire. Dr. Velumani studied at the Panchayat Union School and went on to complete his graduation in Chemistry from Madras University. Hardworking and frugal, Dr. Velumani’s greatest inspiration is his mother who stood tall even in the darkest of times. She was the embodiment of ‘guts and grit’, trying to make ends meet with a bare
minimum during their difficult childhood days. After a prolonged period of struggle, he began his career in 1979 at a capsule manufacturing company with a meagre salary of only Rs. 150. However, the factory was soon shut down. He considered this an effective boon in disguise. His true test of strength began when he arrived in
Mumbai and had to survive the dire conditions of the early days. After spending several days of sleepless nights at the VT railway station in Mumbai, he was greeted with a government offer from the BARC, Mumbai.
Beginning of a Historical Endeavour
His relentless spirit drove him to achieve unbounded growth as he pursued academics further by completing his Masters in Biochemistry from the Mumbai University, followed by a PhD in Thyroid Physiology. His penchant drive forced him to achieve unrivaled success. It propelled him to pursue his dream of accomplishing the hitherto undreamed-of-feats. He took a big risk and resigned from his government position in 1995 and sealed his own destiny. Thyrocare began in 1996 as a small 150 sq. ft. rented garage in Byculla, Mumbai. This marked the beginning of a new chapter in the life of Dr. Velumani. Since then Dr. Velumani has not looked back. Conquering novel heights of success has been the distinctive niche of the brand. Thyrocare’s stellar reputation was further cemented with the public listing of the company’s shares on the National Stock Exchange in 2017.
“A fully optimized, highly efficient, seamless automation of Thyrocare has ensured men, material and machines delivering highest level of quality services at affordable costs”
Testaments of Resolve and Arduous Labour
Committed and focused, Late Mrs Sumathi Velumani (Died of Cancer in 2016) helped him to convert a small dream into a listed company of 5000 crore market cap. As an young man who came to the city with merely Rs500, he has managed to transform his own destiny through sheer hard work and succeeded in building a global empire and he attributes this success to his mother and wife Highest level of Focus, aided by stamina that he gained due to poverty and village life (in his first 20 years of life) fueled by his 15 years of “Research” experience of Thyroid from BARC -made Thyrocare as a brilliant company. This company which remains a zero Debt company from its inception charges its clients least (compared to its peers) but it has highest profits in its
balance sheet. Dr. Velumani scaled up the business even before any one felt it is scalable and produced using the enormous volumes accumulated as company that has
1. Youngest employees
2. Highest Efficiency
3. Lowest over heads
4. Cheapest laboratory solutions
5. Fastest Turnaround time
Thyrocare now braces itself for further advancements in the field of clinical chemistry and preventive care with more costly, innovative technologies. The ongoing pandemic has uncovered the cracks in the global healthcare structure. The need for diligent and competent diagnostic companies like Thyrocare cannot be disregarded. The path to further expansion and innovation now awaits Thyrocare. Under the brilliant leadership of its acclaimed captain, Thyrocare is set to achieve new feats of success in the future days.