The Hindu Business Line : Singapore co to pick up stake in Take Solutions

THE Singapore-based SilkRoute group is all set to pick up an undisclosed stake in Take Solutions Pvt Ltd, a company headquartered in Chennai that specialises in logistics software and consulting.

Even ahead of signing a formal agreement for investing in Take Solutions, both parties have agreed that the Co-Chairman & CEO of SilkRoute will join the Take Solutions board, as the Chairman.

An announcement about how much stake SilkRoute will pick up in Take Solutions will be made shortly, Mr H.R. Srinivasan, Director, Take Solutions, told Business Line.

SilkRoute, incidentally, has another Indian joint venture called SilkRoute Indchem Ltd. This joint venture with the Chennai-based Sanmar group runs a software development centre and manages a venture fund.

Take Solutions is into three broad lines of businesses. One is software development, where the company develops products and services its clients. The second is a BPO, where it takes over the entire supply chain management of a client. The third line of business is consulting, where it provides problem-specific solutions, rather than end-to-end solutions. The company has wholly-owned subsidiaries in Malaysia and Sri Lanka and intends to start one in Bahrain shortly.

Take Solutions today has a paid-up capital of Rs 10 crore. In the current year, which is its second year of operations, the company expects to achieve a turnover of Rs 15.5 crore, 30 per cent of which will come from overseas operations. "We will make a profit this year," Mr Srinivasan said.

Take Solution's flagship product is called `Take RTE' (for `real time enterprise'), which has been implemented at many companies, including Britannia, Kurlon and CavinCare.

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