TAKE Solutions declares a dividend of 20%

Reconstitution of the Board:

· Appointment of Mr. N. Kumar, independent director as Chairman.

· Appointment of 2 additional independent directors: Mr.N.Rangachary, former Chairman, IRDA & Mr. S. Krishnamurthy, former Chairman of Tamilnadu Mercantile Bank.

Chennai, May 22, 2009: 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.

About TAKE Solutions

TAKE Solutions is a leading international business technology company with products backed by a strong domain expertise in Life Sciences and Supply Chain Management – to provide cost-effective, comprehensive solutions for businesses. The vision of the company is to drive industry best practices through our proprietary, in-depth product know-how and solutions that enable business efficiencies for our clients. Since its inception in 2000, TAKE has been serving marquee clients in the Life Sciences and SCM arena. TAKE Solutions conducts business today in 16 countries with more than 300 customers.

Headquartered in Chennai, TAKE primarily drives its SCM Domain Excellence Centre and Global Delivery Centre from India. Company has strong presence in the USA with Life Sciences Domain Excellence centres located in Princeton, New Jersey.

TAKE Solutions is assessed at Level 5 of the Capability Maturity Model Integration (CMMI) & Level 3 of the People Capability Maturity Model, Software Engineering Institute, Carnegie Mellon University, USA. TAKE Solutions is a Microsoft Gold Certified Partner, a Charter Member of the Microsoft BioIT Alliance, and is a Registered CDISC Solution Provider.
www.TAKESolutions.com