He arrived in the US with USD 500, presently his total assets is around Rs 2,000
At the point when Sivakumar Jayabalan came to the US for his post-doctoral association at Georgia Clinical School, he had simply USD 500 in his pocket. Today, after 23 years, at age 51, his total assets are assessed at USD 250 million, which is around Rs 2000 crore. Sivakumar is the pioneer and President of Aiyan Diabetes Center situated in Augusta, Georgia. He additionally possesses business properties worth USD 7.5 million in Augusta and Royston, Georgia, and has stakes in clinical new companies.
When Sivakumar Jayabalan came to the US for his post-doctoral fellowship at Georgia Medical College, he had just USD 500 in his pocket. Today, 23 years later, at age 51, his net worth is estimated at USD 250 million, which is approximately Rs 2000 crore. He is the founder and CEO of Aiyan Diabetes Center located in Augusta, Georgia. He also owns commercial properties worth USD 7.5 million in Augusta and Royston, Georgia, and has stakes in medical startups.
The Tamil scientist who completed his Ph.D. on blood cancer from the renowned Cancer Institute, Chennai, and conducted research on kidney transplantation and autoimmune diseases during his post-doctoral fellowship in the US is now a full-fledged entrepreneur with very big dreams. Within the next three years, I also want to launch an international airline from the US, he says.
“I have been studying the airline industry for 7-8 years now,” he says., who spent his childhood years in Tamil Nadu’s Neyveli Township, 56 km from Pondicherry. Sivakumar studied at St. Mary’s School in Neyveli till Class six and went to Libya for a year and completed his Class seven from there. After completing his post-graduation in Biochemistry in 1993 from Annamalai University in Chidambaram, he registered for the Ph.D. program at the Cancer Institute in Adyar, Chennai.
He finished his Ph.D. in 1999 and in the same year got selected for a post-doctoral fellowship at the Institute for Molecular Medicine and Genetics, Georgia Medical College. Sivakumar had tried his hand in multiple businesses in Chennai while doing his Ph.D. between 1994 and 1999. “I was into car rentals, truck logistics, pharmacies, microfinance, and real estate investments,” he says.
“My mother gave me a copy of the Bhagwat Gita at the Chennai airport while I was leaving for the US for the first time in 1999,” recalls Sivakumar. He used to get a stipend of USD 25,000 (about Rs 19 lakh) annually during his post-doctoral fellowship which increased to $52,000 (about Rs 41 lakh) in course of time. When you arrive in a foreign country and want to do business there, then you must know the labor laws of the land, he says.
In 2005, he started Aiyan Diabetes Center along with his wife Janaki Nadarajah, a Canadian Tamil, whom he had married in 2001 in Chennai. The couple jointly purchased a home in 2003, Augusta, Georgia, and refinanced it in 2005 and raised around USD 1 lakh (approximately Rs 88 lakh) for investing in businesses. They started a BPO that specialized in medical transcriptions, and Aiyan Diabetes Center, investing around USD 50,000 in each of the ventures.
Aiyan Diabetes Center was started with just two employees, besides the couple, who were both involved in the venture since its inception. I remember very well that every weekend, I and Janaki would visit health fairs, faith-based organizations like Baptist churches, pharmacies, and local hospitals to promote the clinic, he says.
The businesses prospered, and the couple made profits of USD 1 million (about Rs. 8 crores) in 2008 and USD 2.5 million (about Rs. 20 crore) in 2012. He purchased two hotels in Augusta, which he later sold profitably, and invested the money in real estate. The Aiyan Diabetes Center was valued at USD 250 million (about Rs 2000 crore) by the ‘Merritt Health Care Advisor Investment Banking Group’, US.
Aiyan Diabetes Center is located on a two-acre campus with a 16,200 sq ft three-story building. Sivakumar has invested in a few medical startups as well. Sivakumar and Janaki have a 15-year-old son, Aarunmolivarman, who has been named after one of the Chola kings.
The Tamil scientist who completed his Ph.D. on blood cancer from the renowned Cancer Institute, Chennai, and conducted research on kidney transplantation and autoimmune diseases during his post-doctoral fellowship in the US is now a full-fledged entrepreneur with very big dreams. Within the next three years, I also want to launch an international airline from the US, he says.
He finished his Ph.D. in 1999 and in the same year got selected for a post-doctoral fellowship at the Institute for Molecular Medicine and Genetics, Georgia Medical College. Sivakumar had tried his hand in multiple businesses in Chennai while doing his Ph.D. between 1994 and 1999. “I was into car rentals, truck logistics, pharmacies, microfinance, and real estate investments,” he says.
“My mother gave me a copy of the Bhagwat Gita at the Chennai airport while I was leaving for the US for the first time in 1999,” recalls Sivakumar. He used to get a stipend of USD 25,000 (about Rs 19 lakh) annually during his post-doctoral fellowship which increased to $52,000 (about Rs 41 lakh) in course of time. When you arrive in a foreign country and want to do business there, then you must know the labor laws of the land, he says.
Aiyan Diabetes Center was started with just two employees, besides the couple, who were both involved in the venture since its inception. I remember very well that every weekend, I and Janaki would visit health fairs, faith-based organizations like Baptist churches, pharmacies, and local hospitals to promote the clinic, he says.
The businesses prospered, and the couple made profits of USD 1 million (about Rs. 8 crores) in 2008 and USD 2.5 million (about Rs. 20 crore) in 2012. He purchased two hotels in Augusta, which he later sold profitably, and invested the money in real estate. The Aiyan Diabetes Center was valued at USD 250 million (about Rs 2000 crore) by the ‘Merritt Health Care Advisor Investment Banking Group’, US.
Aiyan Diabetes Center is located on a two-acre campus with a 16,200 sq ft three-story building. Sivakumar has invested in a few medical startups as well. Sivakumar and Janaki have a 15-year-old son, Aarunmolivarman, who has been named after one of the Chola kings.
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