Marry a frugal wife: Velumani to entrepreneurs

Marrying a financially responsible spouse is essential advice from A Velumani, the founder of Thyrocare Technologies, to aspiring entrepreneurs. Velumani, who sold his company for a staggering Rs 4,546 crore in 2021, emphasized that the biggest hurdle in starting a business is not a lack of capital, but rather the burden of financial obligations that put the family's security at risk.

In a recent social media post, he warned that people quitting well-paying jobs in their 30s or 40s to chase their entrepreneurial dreams while leaving behind large loans, EMIs, and family responsibilities are starting with "negative capital." Velumani himself started with little capital but maintained a financial buffer to secure his family's future for around 40 months.

He advocated for living frugally, avoiding debt, building substantial savings, and only then leaving a job to pursue entrepreneurship. He also advised that entrepreneurs should marry a working and frugal spouse and prioritize family before business. Velumani's post, which highlights the importance of financial preparation and personal responsibility, has gained considerable attention and echoes his previous emphasis on the value of frugality and sacrifice.