EBIT- Spheris plans to double its headcount

Spheris India, the Indian arm of the US - based medical transcription company, plans to double its headcount at its Coimbatore facility.

It is the second location for Spheris in India, next to Bangalore and it has invested about Rs 10 crore on the facility, which employs around 500 people . By the end of 2007, it intends to ramp up its headcount to 1,000.

Mr Suresh Nair, chief executive officer and managing director , Spheris India, said, "We have registered a 10% plus growth year - on - year, but we hope to achieve a 30 - 50 % growth over the next two years, consequent to expanding our operations".

"We are looking to have a presence in Tier II cities across the country," he said. Spheris is also looking at the emerging international markets such as Philippines, Sri Lanka and West Indies .

Stating that medical transcription offered a big market potential and it is a $12 billion industry in the US, Mr Nair said less than two per cent was presently being outsourced to India.

Source: India Times