The Hindu Business Line : Vasavi Prosoft to expand operations

VASAVI Prosoft Transcription Ltd, a medical transcription company, in association with its US partner MEDantex, is planning to scale up operations by hiring about 400-500 people.

The Hyderabad-based company, with $1 million turnover, employs about 150, has signed contracts with US firms that are expected to triple the current volume of its operations.

Addressing a press conference here today, the Managing Director of Vasavi Prosoft, Mr Pydah Venkateswara Rao, said the company would require 400 to 500 more personnel over the next couple of years in the light of increasing volumes. As a part of the company's effort to serve the increasing number of clients and to handle new business, the company was planning to ramp up its training facilities. It is considering the option of outsourcing by cultivating vendors to handle the business as partners.

The Chief Executive of Officer of MEDantex, Mr Sriram Pydah, said despite several challenges in terms of meeting the growth projections, India has proven talent to service the US medical transcription requirements.

The medical transcription industry in the country is about $100-150 million and expected to cross the $300-million mark by 2008. The industry is faced with shortage of talented human resource that can keep pace with the increasing demand and the company was negotiating with the State's IT department to meet the manpower requirement, Mr Rao said.

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