"Romancing Risk” by Dr. A. Velumani | Edelweiss Konnect

Calculated risk pays off in the long run, most of the time. This session with Thyrocare Chairman & MD, Dr. Arokiaswamy Velumani focuses on -
Importance of taking risks early in life
The power of frugality
Importance of investing
The role of women in the society
Things to keep in mind when you are starting a business
Future outlook of the Healthcare sector in India
Key learnings from this Webinar:
This session gives you glimpse of early life of Dr. Velumani and his journey of building a business worth Rs.5000 cr from just Rs.500. He is known for his punchlines called as #VeluPunch
For wannabe entrepreneurs, he says, “If you do what you have studied, you will survive. If you do what you have not studied, you will be the leader.” This philosophy has helped him continue learning throughout his life. Reset when you get the opportunity in life.
Risk taking is important. He says, “Do what others fail to do, you will be the leader, if you do what others like to do, you will be one more follower”.
When it comes to risk-taking, he says, “If you want to do something, please find out what your neighbour is doing, and don’t do that.”
There are 2 kinds of risk - one in which the upside is too little, and the downside is too much & another risk is in which the upside is too good, and the downside is too little. You must always pick up risk which has less downside and more upside in life.
Spend less and invest more when you are young to reap the benefits in your old age.
He believes in creating more jobs than earning more money. His dream is to create more and more jobs for India.
Watch the full video to get more #VeluPunches
0:00 - Introduction
3:20 - Dr. A. Velumani’s journey to being successful
8:00 - How did a humble background help Dr. A. Velumani succeed in life?
13:00 - What did the phrase “Romancing Risk” mean to Dr. A. Velumani?
17:55 - What are the things to look out for before taking a risk?
22:18 - Where did the thought of not taking any debt come to Dr. A. Velumani from?
27:50 - Dr. Velumani’s advice to youngsters on investing and business
30:08 - How does Dr. A. Velumani maintain a competitive edge in his business & how should an investor judge a business
34:38 - Dr. A. Velumani’s view on the Healthcare sector & it’s comparison with a more developed market like the US
38:42 - How impactful will the vaccine be in India?
Rapid Fire:
40:47 - One thing that gives you hope & optimism about India
41:18 - If you were made the Union Minister of Healthcare for a day, what would you do?
41:46 - In your company, do you lead from the head or from the heart?
42:42 - One thing that you want to see change post pandemic in India
45:00 - One advice you would give to 20-year old version of yourself
47:10 - What is the next risk that you intend to romance?
#AVelumani #Thyrocare #RadhikaGupta #RiskTaking #EdelweissKonnect
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