Vitae International Accounting eyeing faster growth

COIMBATORE: Vitae International Accounting Services, involved in the business of accounting, auditing and taxation for overseas clients, today said it was poised for faster growth in the coming years.

"The growth opportunities are quite good. There is potential to attract more business in the area. We are poised for much faster growth than that of the last 10 years," Daniel Victor, Managing Director, Vitae International, told reporters here.

To cater to the growing needs of its clients, the company opened a new centre in the city, taking the total number of employees to 180, from just 20 in 2004. It planned to increase the headcount to over 200 by the end of this fiscal, he said.

Stating that attrition level of employees in Coimbatore was lower, company Chairman Malclm Diguilio said though there was cost advantage in outsourcing work to countries such as India, the main focus was on having the required manpower capacity to meet the growing demand.

With Rs 12 crore turnover and 16 client relationships in Australia, New Zealand, United Kingdom and USA, Vitae was aiming to have 25 to 30 clients in the next two years, Victor said.