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Monday April 11, 07:11 PM

Take Solutions Announces Structural Change

Chennai, Tamil Nadu, India, Monday, April 11, 2005 -- (Business Wire India) -- TAKE Solutions Limited, an integrated business and technology solutions company with leadership in Supply Chain Management and Life Sciences, in a major restructuring move today announced that TAKE Solutions Pte. Ltd. (Singapore) will now be the holding company for TAKE Solutions Ltd. (India) and TAKE Inc (USA). In line with this strategic change, the international headquarters of TAKE Solutions has now shifted from Chennai (India) to Singapore. Mr. Ram Yeleswarapu has been appointed as the President and CEO of the company, and Mr. S. Sridharan as the Managing Director.

The structural change in the management team will help redefine corporate management and reinforce leadership at all levels within the organization. The Board has appointed an Executive Committee comprising of nine members to drive consistent product innovation and customer satisfaction. To sharpen business focus in various geographical regions, TAKE Solutions has been divided into two distinct strategic business units for Business Process Outsourcing and Technology Services, each spearheaded by individual executive directors.

Announcing the restructuring, Mr. Srinivasan H R, Founder and Vision Holder of TAKE Solutions said, “2004 has been a landmark year for TAKE Solutions with tripled revenues, enhanced customer portfolio within India and South East Asia and strategic acquisitions of US- based clinMetrics and 4BSoft. With our expanding global footprint, the need of the hour was to bring together the management depth and expertise spread across all regions, towards achieving organizational excellence. The restructuring exercise will facilitate process and functional excellence by reinforcing leadership at all levels within the organization.”

TAKE Solutions has recently launched operations in U.S.A and Bahrain. After the acquisition of ClinMetrics and 4BSoft Inc in USA in the recent past, these entities were merged together to form TAKE Solutions Inc. (USA) which operates from Princeton, New Jersey. The Bahrain office is responsible for marketing in the Middle East. Globally, TAKE Solutions has an employee strength of 370 and revenue of over 10 Million US$ in the current financial year.

About TAKE Solutions

TAKE Solutions Limited is an integrated business & technology solutions and a strong product company with an estimated turnover of over 10 Million US$ in the current financial year. It has a strong presence in Asia Pacific (ASPI.BO, news) & Middle East with supply chain management and business process management being its primary domain. TAKE Solutions' flagship product is TAKE RTE, which is a unique framework combining BPM, workflow management, application and information integration. It also provides a composite application development environment. It has been developed on the Microsoft .Net platform. TAKE has over ten products addressing the SCM and manufacturing space. Using this technology base TAKE offers IT enabled services to its customers like e-procurement, order processing, inventory management and tracking.



Media contact details
Geeta Kataria,
TAKE Solutions,
+91 (44) 5216 9313,
geeta@takescm.com

Ruchika Vermani,
IPAN,
+91 (44) 2820 7005,
ruchika@ipan.com

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