Zensar Technologies Ltd, the listed IT arm of Mr Harsh Goenka controlled-RPG Group, is looking to expand operations in the healthcare vertical in the next fiscal (2012-13).
Also on cards during 2012-13 is the introduction of its “work from home” concept, which would allow employees to work from their homes.
According to Dr Ganesh Natarajan, Vice-Chairman and CEO, Zensar Technologies, the company's expansion into the healthcare vertical would specifically be for the US markets where it will offer specialised services to hospitals by facilitating a new coding system (IC Tech conversion). Other than specialised services, the company will also offer generic ones such as IT and BPO services through the vertical.
“Currently, our healthcare business accounts for less than one per cent of our revenues. We intend to take it to at least 3-4 per cent by the end of next year (fiscal),” Dr Natarajan told
Pact with US hospitals
Zensar has already signed contracts with two US-based hospitals and is looking at generating $10-15 million (Rs 50-75 crore) by March 2013.
The company had, in the quarter ended December 2011, posted a consolidated net profit of Rs 52.29 crore. Revenues for the period grew by nearly 86 per cent on a year-on-year basis to nearly Rs 481 crore.
Speaking on its “work from home” model, Dr Natarajan said Zensar is likely to introduce the initiative around May this year at its Pune and Hyderabad centres. The initiative would allow employees to work from home. Payments would be output specific. A pilot project in this regard has already been tried out in Pune.
“We are building our technology, and security systems are being put in place. We have already tied up with a Pune-based company, Sapience, for installation of the system,” he said. Nearly 30 per cent of its new recruits would follow the “work from home model”.
According to Dr Natarajan, the model would help reduce costs in the long run and might add to an increase in employee output.