Making it to the prestigious Inc. 5000 list of fastest growing companies in the U.S. is a dream for most companies. Not so for Vee Technologies. This global business process management firm has made it to this elusive list two times in a row-one in 2015 and then again this year in 2016. With an astounding growth over a three-year period and employee growth from 300 to 3500 in just three years, adding 3000 this year, it is no wonder why the company won again this year.
Inc. Editor-in-Chief Eric Schurenberg says, “No one makes the Inc. 5000 without building something great--usually from scratch. The list honors what can't be inherited and what must be earned: real entrepreneurial achievement.”
This entrepreneurial spirit is what Vee Technologies Founder and CEO Chocko Valliappa knows only too well. A fourth generation entrepreneur with a family business that has interests spanning textiles, plantations, construction, and software, he was not content with resting on this success and launched Vee Technologies in the year 2000. The vision was to become worldwide leaders in BPM and Analytics global services provider, while maintaining clients’ needs as the top priority.
Vee Technologies started by offering end-to-end healthcare revenue cycle management services in the U.S. By 2001, it had the top 5 medical insurance companies in the U.S. as its clients. In the following years, Vee added five out of the top 10 hospitals to its list of clients. It also added other services such as engineering, logistics processing, finance & accounting, legal processing, media monitoring & analytics, and information technology. In 2010, it invested in opening a U.S. headquarters based in New York City.
The company is now a leader in revenue cycle management in the U.S. It takes pride in the fact that almost all its new business opportunities have been through customer referrals. It was one of the companies to achieve the highest possible score for customer references, earning the ‘Customer Star’ title, when it was listed as one of the top 100 global services provider by the prestigious International Association of Outsourcing Professionals (IAOP). This is a testament to Vee Technologies commitment to the growth and satisfaction of its clients as evidenced in its motto of providing ‘extraordinary outcomes’ to its clients and being an integral arm of partner companies. This vision has led to many long-term partnerships between Vee Technologies and its clients.
Vee Technologies has always given the highest priority to quality, security, and data privacy. This can be seen by the numerous certifications it has amassed over the years. It is a HIPAA compliant company (the first in India to achieve HIPAA compliance). It is also an SSAE-16 certified and SOC 2 Type II audited company. It has also achieved the ISO27001 and ISO9001 certifications.
The most unique differentiating factor for Vee Technologies is that it has its own university-Sona University. Ranked among the top 15 private colleges in India, it ensures that the company has the brightest and best minds from various streams always ready to join and propel the company to greater heights.
The future for Vee Technologies is as bright as the sun. The company is focusing on expanding the employee base to onshore and nearshore countries, which would offer cost effective outsourcing platforms. It will also be generating 10,000 jobs in India alone in the next three years in the different industry verticals. It is also in the process of developing a Technology Park spread out over 10 acres of land (435600 sq ft) in the Special Economic Zone (SEZ) in Tamil Nadu.
Vee Technologies is following in the legacy set forth by its parent, the Sona Valliappa Group, which is to grow and expand to its highest potential while also ensuring the growth and fulfillment of its clients, employees, and the world at large.