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Take Solutions Ltd. Company History and Annual Growth Details

Our Company was incorporated as a private limited company by
the name TAKE Solutions Private Limited on December 20, 2000
having its registered office at No.76, Venkatakrishna Road, Raja
Annamalaipuram, Chennai 600 028. We have been promoted by
a team of domain experts in the supply chain management sector
of thesoftware industry.

On December 31, 2002, Millennium Infocom Limited was
amalgamated with us. Subsequently, we were registered as a
public limited company w.e.f. March 29, 2004.

On February 7 2003, we acquired the divisions of iStartWeb and
MSIPL. The division of iStartWeb, dealt with BPM, workflow
management, application and information integration. The division
of MSIPL had capabilities in secondary sales management software.

In December, 2003, we acquired fifty one (51%) of the equity share
capital of Megatrends Limited but subsequently on April 5, 2005 we
divested our equity fully in Megatrends and this company ceased to
be our subsidiary.

On November 20, 2004 we incorporated a wholly owned Subsidiary
in the Kingdom of Bahrain by the name of TAKE Solutions Gulf W.L.L.
This Subsidiary has enabled us to foray in the Middle East markets for
marketing SCM suite of products.

We, in the year 2004-2005, developed a suite of products across the
SCM vertical, which enabled us to deliver customized business solutions
and support services at shrink-wrap speeds to our clients.

In December 2005, we acquired a majority stake in the equity of TAKE
Inc. USA a subsidiary company of TAKE Solutions Pte. Limited (one of
our Promoters). In March, 2006 we acquired the entire shareholding of
TAKE Inc. USA and thereby our Company forayed into the US markets.
The acquisition also added a new vertical i.e. the Life Sciences Space
known as 'Life Sciences Technology Solutions' having a suite of
products under the brand umbrella 'OneClinical'. In 2006, TAKE Inc.
USA launched the software product PharmaReady in the Life Sciences
space. TAKE Inc. further has two Subsidiaries namely OnSphere
Corporation and Applied Clinical Intelligence L.L.C.

On 29th March 2006 we acquired Autopartsasia Private Limited, which
is a 100% EOU in India. This acquisition enabled us to extend our SCM
model in the automotive space of the industry.

On 31st March 2006, we acquired Millennium Business Solutions
(Sdn) Bhd., Malaysia from Millenium Business Solutions Private Limited,
India. By way of this acquisition we forayed into the South East Asian
market for marketing SCM suite of products. We recently entered into
a Shareholders Agreement dated June 1, 2006 with United Integrated
Sdn Bhd, Malaysia for converting this company into a joint venture
wherein we shall have fifty one percent (51%) equity stake and the
rest will be held by United Integrated Sdn Bhd, Malaysia. Pursuant this
agreement, the name of the company has been changed to TAKE
United Sdn Bhd w.e.f. July 7, 2006.


- The Company has splits its face value from Rs10/- to Rs1/-.
Oct 21, 12:00 am
Oct 21, 4:14 pm
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