Ajuba Sol to ramp up headcount to 4,000

It's also adding two more facilities in near future

Healthcare revenue cycle outsourcing services provider, Ajuba Solutions, is planning to expand its operations in India by adding two facilities in the near future. It also plans to raise its headcount to 4,000 by 2015 from current 2,800.

This would help it grab opportunities, which are expected to come from the proposed healthcare reforms in the US, it said. Tony Mira, chief executive officer, Ajuba Solutions India Pvt Ltd, said it was looking at acquisitions in healthcare service firms in the US, and shifting the business of the acquired company to India.

The approximate size of the target company could be in the range of $15-20 million revenue and it would be looking at those with expertise in data analytics and big data, which would have more potential in future. It is also looking at Internet of Things space, where the things or devices would be embedded with unique identifiers that could connect and transfer data through Internet in the healthcare segment.

“We are looking at various locations in south India, including Bengaluru and Hyderabad and also Tier-II cities, to set up new capacities. We are planning to set up two new capacities and the first one would have a capacity to seat 1,000 employees,” said Mira. The company would finalise the details of expansion by next year, he said.

The company has five locations in the US and four offices in Chennai. The focus on the Indian operations is expected to increase with the changing technology and market scenario in the future, he added. For instance, the healthcare reforms expected in the US would be beneficial for the company's business.

“We see a huge opportunity with the insurance coverage being expanded through the healthcare plan, the Obamacare,” said Mira. He said that considering the potential expected to open up with the policy, the company is looking at acquiring a company in US in the healthcare sector and shifting the business of the acquired company to India.

The approximate size of the target company could be in the range of $15-20 million revenue and it would be looking at companies with expertise in data analytics and big data, which would have more potential in future. It is also looking at Internet of Things space, where the things or devices would be embedded with unique identifiers which could connect and transfer data through Internet, in the health care segment.

Ajuba, which is part of the $100 million Miramed Global Services group headquartered in Michigan, USA, currently contributes to around 30% of the parent company's revenue and going forward, the business would see a growth with the emerging opportunities, said Mira. Ajuba also has its presence in Philippines and currently has around 300 employees which would be beefed up to around 1000 in near future.

The company is also looking for attracting customers to United Kingdom, and has appointed Deloitte Consulting as a consultant to evaluate the market in UK, to bring customers to India.