The Hindu Business Line : CBay in expansion mode; to set up campus in Hyderabad

CBAY Systems (India), part of the US-based CBay Group, engaged in medical transcription services, has announced a major expansion plan in India, which includes plans to ramp up its Hyderabad centre from 500 to 2,700 within two years and move over to its own campus.

Addressing a press conference here on Wednesday, the Chief Executive Officer of CBay Group, Mr Raman Kumar, said the company has entered into a MoU with the Andhra Pradesh Government to acquire an eight-acre site and plans to create a campus by investing about Rs 70 crore here.

Established in 1999 in Annapolis, US, CBay has grown to about 4500 people company and services some 650 clients in the areas of hospital information systems and physician networks based in the US.

The company made an entry into Hyderabad after it took over Ckar Systems, a medical transcription company of the Karvy group here.

"Apart from growing the Hyderabad centre, we are also looking to tap the potential in the tier two cities of the State. Given the response we have had from the Vijayawada centre that currently employs about 100 people, we would look into the option of considering centres at Warangal, Tirupathi, Vizag," he said.

"The company recorded revenues of Rs 220 crore and plans to grow to about 10,000 people within two years. Of this a significant part of additions would be in Hyderabad centre," he said.

"CBay handles about a million documents a day and expects to ramp this up. We have grown the operations both organically and inorganically through acquisitions.

"Being a company that also trains people in medical transcription, we prefer to acquire companies that have deployed those trained by CBay. We are in talks for acquisition of another MT company in Ahmedabad," Mr Kumar said.