From correspondents in Delhi, India, 10:07 AM IST

The Board of Directors of TAKE Solutions Ltd. [BSE: 532890 | NSE: TAKE], a technology enabled business solutions company with leadership in Supply Chain Management and Life Sciences have approved the financial results for the year ended 31st March 2009. TAKE Solutions posted a Rs. 53 crore profit after tax for the year ended March 31, 2009. Income from operations for the year ended March 31, 2009, was Rs. 343 crore and the declared a dividend of 20%.

Talking about the results, Mr. S. Sridharan, Managing Director, TAKE Solutions said, “It is well understood that the last six months have not been the best for businesses on the whole, for TAKE Solutions too, especially the last quarter has been very challenging. The clients are holding back due to prevailing economic uncertainty. Meanwhile we are constantly strengthening our client relationships, which will place us in a better position once the market conditions improve.” He further added, “We intend to sharpen our competitive edge by further strengthening our R&D activities and continuously innovating new products.”

Profiles of additional independent directors

Mr. N. Rangachary is a member of the three professional bodies namely, The Institute of Chartered Accountants of India, The Institute of Cost and Works Accountants of India and The Institute of Company Secretaries of India. He is an Honorary Fellow of the Actuarial Society of India. He was the Chairman of the Central Board of Direct Taxes and also first Chairman Insurance Regulatory and Development Authority. He is also an advisor to various other organizations engaged in trade, commerce and profession.

Mr. S. Krishnamurthy is a B.SC., MLM and also Diploma in Industrial Relations & Personnel Management, Associate of the Indian Institute of Bankers, Bachelor of General Laws. Mr. Krishnamurthy is professional and Senior Banker with extensive experience of over 4 decades with the Reserve Bank of India and Commercial Banks. Mr. Krishnamurthy was Secretary, Banking Services Recruitment Board for Public Sector Banks for around 5 years. He was the Chairman of Tamilnadu Mercantile Bank and he also served as General Manager (Vigilance & Inspection / Audit) with Indian Overseas Bank. He was Banking Ombudsman, Chennai for around 2 years.

Source: Press Release Distribution via India PRwire