Thyrocare Technologies promoter group entity Docon Technologies has sold over 10 percent equity stake in open markets for about Rs 668 crore.
Drawing from experience, Thyrocare CEO A Velumani suggests hiring humble individuals for business success, a sentiment shared by Zoho's Sridhar Vembu regarding untapped rural talent.
The founder and CEO of the medical laboratory company had on Saturday shared that his frugality has shocked his peers after an event at a 5-star hotel recently.
Thyrocare reported 23% YoY rise in revenue in December quarter
The founder group cumulatively holds under 2 percent in API Holdings. Each of the five co-founders held between 0.20 percent to 0.30 percent stake in the company, data showed.
Revenue came in at Rs 134.7 crore, up 5.2 percent from the year-ago quarter
Throcare had normalised EBITDA of 30 percent in Q2 of FY24 and in the same period the previous year.
The company reported a profit of Rs 15.43 crore in the same period last year.