'Rs 43.5 LPA for NIT topper and then suddenly laid off': Thyrocare founder's warning to young professionals
Responding to the tweet, Thyrocare founder
Dr. A. Velumani
observed that this should serve as a cautionary tale for wide-eyed engineering hopefuls desirous of landing a well-paid job. Warning graduates to be alert, he explained that a significant number of companies participating in campus placement drives and making seemingly attractive CTC (cost to company) promises often have hidden motives. Their primary agenda is usually to inflate their financial records for the next three to five years, rather than genuinely invest in long-term employee growth.
These organizations attract fresh talent with impressive-sounding compensation packages. However, once a candidate becomes financially dependent—usually after taking on monthly EMIs based on their expected salary—the company abruptly ends the association, leaving the individual vulnerable and stranded without support or stability.
Such practices can cause serious disruptions in the personal and professional lives of unsuspecting students. They fall prey to false hopes, unaware that the offer was more about corporate window dressing than career development.
'All that glitters is not gold,' he warned followers.
— velumania (@velumania)
According to the poster who shared the news of the unfortunate NIT alumnus, he revealed that, suddenly bereft of a job, he was facing potential financial difficulties.
Although he was fortunate enough not to have a home loan burden, the situation remains challenging.
With no current source of income, he is relying solely on his savings and the severance package received from his previous employer. These limited funds are being used to cover essential expenses, the most critical being his children's school fees, which amount to Rs 1.95 lakh per child each academic year.
— venkat_fin9 (@venkat_fin9)
The financial strain, however, is only one part of his struggle. The emotional impact has been even more devastating. The sudden shift from stability to unemployment left him feeling completely uprooted and overwhelmed. He confided that he felt as though he had been thrown out into the streets, with no support or direction, and was battling an intense sense of abandonment.
Dr. Arokiaswamy Velumani: From Modest Roots to Healthcare Visionary
Born on April 12, 1959, Dr. Arokiaswamy Velumani is a renowned Indian entrepreneur who built his success from the ground up and emerged as a billionaire in the healthcare diagnostics space. Widely respected for his transformative role in the medical testing sector, he is the visionary behind
Thyrocare Technologies Ltd.
, a prominent diagnostic service provider headquartered in Navi Mumbai. The company has redefined affordability and reach in preventive and diagnostic healthcare across India.
Dr. Velumani's trailblazing efforts didn't stop with Thyrocare. He went on to launch Nueclear Healthcare Limited, a cutting-edge radiology company aligned with Thyrocare. Nueclear specializes in nuclear imaging and cancer diagnostics, bringing high-end diagnostic tools and technologies within reach for the average Indian citizen.
Through his relentless drive and innovative approach, Dr. Velumani has played a key role in reshaping the landscape of medical diagnostics. He has focused on making accurate and reliable testing more affordable, thereby enabling a wider section of society to access early detection and disease monitoring services. His efforts have directly contributed to improving public health outcomes while simultaneously setting new benchmarks for cost-efficiency in the industry.
As per a Forbes report from 2021, Thyrocare Technologies reached a market value of Rs 7,000 crore, and Dr. Velumani's personal share in the company was estimated to be around ₹5,000 crore. This financial milestone reflects the scale and impact of the enterprise he nurtured from scratch.
Dr. Velumani's life story—from growing up in modest conditions to establishing a billion-rupee empire in the healthcare sector—stands as a powerful inspiration. His journey is a shining example for emerging entrepreneurs who dream of creating meaningful, large-scale change through persistence, innovation, and integrity.
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