Recent Expansion In Food Testing Drives Vimta Labs’ Gain
Research and testing services provider Vimta Labs Ltd’s revenue growth in the June-ended quarter was driven by the expansion in its food testing vertical and sustained performance in its mainstay pharmaceutical segment.
“The recent expansion that we've done in food—setting up nine new labs across the country—is growing for us. Harita Vasireddi, managing director of Vimta Labs in an interaction with BloombergQuint. “Pharmaceutical sector’s demand in the last 3 years, because of various regulatory factors, has also grown.”
The food business is very close to the customer. The speed at which you test the samples and give the reports is very critical to the customer. With these expansions we have done that.Harita Vasireddi, Managing Director, Vimta Labs
Watch the full interaction here: