Vimta labs: milestone of Indian laboratory testing

Dr. Vassireddy’s Vimta Labs is one of the major laboratory testing houses in the analytical testing industry. The various needs of the companies seeking for the laboratory testing are now met by Vimta Labs. This synopsis covers a wide scope of the feasibility of the establishment of Vimta Labs, its growth and various other aspects. An attempt has been made to find the key factors associated with its success. The main objective was to trace in details the various aspects of Vimta Labs i.e, in respect of investment, growth, market, profitability, performance and the strategies followed by Vimta Labs. Objectives • To know the reason behind the establishment of the Vimta Labs. • To trace out its success story. • To analyse the growth and performance of Vimta Labs with respect to investment, market and profitability. • To study the pricing strategies adopted by Vimta Labs. • To figure out the management processes and systems of Vimta Labs. Methodology: In the present study, an attempt has been made to measure, evaluate and compare the financial performance, strengths during establishment, growth and scope and the challenges faced by VIMTA LABS (HYDERABAD). The study also focuses on the pricing strategies and the management strategies of VIMTA LABS. The study is based on secondary data that has been collected from annual reports of the respective company, magazines, journals, documents, online database and other published information. The study covers the period of initiation of the company i.e from 1992 to 1999. The data used in this report have been taken from financial statements i.e., the PROFIT & LOSS ACCOUNT, BALANCE SHEET and various other reports collected for the relevant years. The procedural details have been collected from the respective manuals, booklets etc.