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A N N U A L R E P O R T 2 0 0 8 - 0 9

www.takesolutions.com

Power of focus

Contents

About us _2

Financial highlights _3

The year gone by _4

Board of Directors _6

Letter from the President & CEO _8

Letter from the Managing Director _10

Global Management team _12

Company information _13

Directors’ Report _14

Management Discussion and Analysis _18

Corporate Governance Report _25

Consolidated Financials

Auditors’ Report _34

Balance Sheet _35

Profit & Loss Account _36

Cash Flow Statement _37

Schedules to and forming part of Balance Sheet and Profit & Loss Account _38

Standalone Financials

Auditors’ Report _52

Balance Sheet _55

Profit & Loss Account _56

Cash Flow Statement _57

Schedules to and forming part of Balance Sheet and Profit & Loss Account _58

Statement under Section 212(8) _83

Balance Sheet Abstract & Company’s General Business Profile _84

Three words that demonstrably define TAKE Solutions’ evolution

into a leading global business technology Company, addressing

the myriad needs of a marquee customer base.

Three words that continuously re-define TAKE Solutions’ ability to

usher in a new level of business efficiencies for clients seeking

revolutionary solutions in a complex and ever-changing

marketplace.

It is our power of consistent business focus that has helped us

create an unrivalled powerhouse of domain knowledge &

expertise, while enabling us to develop critical R&D capabilities.

It is our power of focus on strategic evolution that has helped us

deploy a robust technology framework to deliver cutting-edge

customized products and solutions.

It is our power of focus on execution that has always facilitated

our prudent organic growth and strategic roll-out of plans with

the single-minded objective of delivering value.

And it is our power of steadfast organizational focus that has

enabled the creation of a value-based enterprise that is committed

to doing the right things at the right time.

AT TAKE SOLUTIONS, OUR UNWAVERING FOCUS ON

ACHIEVING OUR AMBITIOUS VISION LIES AT THE CORE OF

EVERY ACTIVITY, EVERY STRATEGY AND EVERY PLAN

ENVISAGED, EXECUTED AND EXCELLED AT.

Power of focus

About us

Portfolio of solutions

Our product suite in the SCM Vertical is sold under the umbrella

brand ‘TAKE SCM’, which offers 16 unique products with

embedded IP that spans the entire gamut of execution, planning

and collaboration. Our SCM products can be easily integrated

with the underlying ERP/ legacy system and do not require any

changes in the existing software system of the enterprise. Creation

of value through combined capabilities of all partners in business

— orchestration of business processes that span beyond the

organizations’ boundaries and across various entities such as

suppliers, distributors, vendors, stockists etc. is at the heart of our

offering.

In the Life Sciences domain, we are committed to delivering a full

spectrum of information management services and solutions,

leveraging industry data standards like CDISC and eCTD that help

sponsors streamline the clinical data lifecycle.

Our vision is to provide life sciences customers with a single

source for clinical data services, regulatory-compliant technology

solutions and data safety systems. The coupling of FDA-compliant

information management processes and technologies with rich

clinical data lifecycle domain experience provides the foundation

for our success. Our in-depth understanding of the clinical

development process combined with knowledge of industry data

standardization initiatives allow us to overcome the challenges

of managing the data lifecycle in a highly stringent regulatory

environment.

The end goal is to facilitate timely submission of results for

sponsors from clinical studies in marketing applications to support

regulatory review and approval.

Global power

The Company is currently serving more than 350 marquee clients

across 16 countries. Headquartered in Chennai, where the

Company has its SCM Domain Excellence Centre and Global

Delivery Centre, the Company also has strong presence in the

US, with the Life Sciences Domain Excellence centre located in

Princeton, New Jersey.

Quality power

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. It is a Microsoft Gold Certified Partner, a Charter

Member of the Microsoft BioIT Alliance, as well as a Registered

CDISC Solution Provider.

Incepted in the year 2000, TAKE Solutions is a leading international business technology Company, providing innovative, cost-effective

and comprehensive solutions for businesses across diverse sectors through its two key niche business focus areas - Life Sciences and

Supply Chain Management.

Financial highlights of 2008-09

Rs. in Millions

87% CAGR over the last 4 years (Across Geographies)

108% CAGR over the last 4 years (Across Domains)

Total Revenue

2006 2007 2008 2009 2005

Revenue (%) Distribution

2006 2007 2008 2009

Rs. in Millions

Profit After Tax

2006 2007 2008 2009 2005

Revenue (%) Distribution

2006 2007 2008 2009

482281

A-PAC USA

SCM LS Others

Focused growth across Life Sciences vertical

Launched new range of Pharmacovigilance products forthe Asia Pacific Market.

Announced multi-client adoption of PharmaReady™ Version 4.1.

Enhanced PharmaReady Product With Paper SubmissionsModule.

Chosen as “lead technology partner” for University ofCalifornia’s USD15 million “Epilepsy Genome Project(EPGP)”, sponsored by University of California inpartnership with Microsoft.

The year gone by…

Focused financial growth

The consolidated revenue for the year stood at INR 3,433 million(USD 73.9 million), a 16% increase over FY 07-08.

Net profit before minority interest for the period was INR 540 million(USD 11.6 million).

EBITDA stood at INR 782 million (USD 16.8 million) and EBITDAmargin at 23%.

The EPS for the period was INR 4.44.

Awards & Accolades

Ranked 10th in the Deloitte Technology Fast 50 India 2008. This program recognizes technology companies that have achieved the fastest rates of annual revenue growth inAsia Pacific during the past three years.

Positioned as one of the top six finalists amongst over 100 companies in the NASSCOM ITInnovation Awards 2008 for “Market Facing - Business Process and Business Model.”

Selected by Food Logistics to the publication’s 2008 Food Logistics 100 list.

Achieved Level 3 in the People Capability Model (PCMM) of the Software EngineeringInstitute.

Selected to the Global Logistics & Supply Chain Strategies’ 100 Great Supply Chain Partners list.

Focused growth across SCM vertical

Released Global Track and Trace Solution for Government Assets and Materials in the US.

Launched Compliance Label Manager (CLM) Professional, an easy-to-usebarcode and RFID printing management software certified by SAP.

Launched an online store providing manufacturers and distributors easy-to-usesolutions that streamline their supply chain operations.

Received SAP Integration Certification for our product TAKE iPoint 1.0

New HR initiatives

Endorsement of people competencies, processes and quality:

Continuous endorsement of the Company’s HR systems, be it for the

processes or quality and competencies of its employees, helps further

enhance its core strengths and take its business to the next level. During

the year, the Company was assessed for Level 3 of the People Capability

Maturity Model (PCMM). This is an affirmation of our continued ability

to attract, develop, motivate, mentor, organize and retain the necessary

talent needed to steadily improve our software development capabilities

and business processes. These capabilities enable us to continuously

address new challenges, embrace new practices and strive towards

making TAKE indisputably the most preferred work place for employees.

Efficient and effective management of human capital: This is a critical component of the Company’s efforts towards augmenting

its efficiencies and client servicing systems. In line with its policy to imbibe a uniform and global management framework for HR

practices across all locations, the Company’s Human Resource Management System (HRMS), running successfully in India, has now

been replicated across all our overseas offices. The Company also successfully introduced a balanced scorecard system during the

year. This performance management approach focuses on various overall performance indicators, which are aligned with the

various divisional and organizational goals.

Critical mentoring: Motivating employees is always important, but inspiring them assumes an increased significance during

challenging economic times, when the business environment is less than promising, as emotions such as fear and anxiety can

adversely impact employee performance. In order to avoid such a situation the top management at TAKE was actively involved in

sharing global economic concerns and industry level developments with employees in an effort to demystify the global

developments and its impact on the industry. The strategy was aimed at addressing the fears of employees in order to keep them

motivated. This was achieved through active participation of the top management through regular group mentoring sessions.

The Company also conducted several innovative communication workshops, where employee participation was encouraged

though role play, experience sharing and team building exercises.

Organization building: As a part of the organization building strategy at TAKE, several measures were initiated during the year to

mentor employees and encourage healthy competition among them. These included a series of activities for identifying and

nurturing potential leaders and inducting new resources.

The TAKE Solutions World Corporate Golf Challenge gives Indian corporate

teams a unique opportunity to represent their country in the only annual

World Golf Championship for corporate teams. The TAKE Solutions World

Corporate Golf Challenge - India is the only qualifying tournament to select

an Indian Team for the World Final.

The regional tournaments during the year were held at Bengaluru, Delhi

and Lonavla, with the National Finals contested by top two teams from each

city. The national finals tournament was won by team RGD & Associates

beating the Credit Suisse team.

This tournament, targeted at the corporate world, saw the participation of

CEOs and senior management of major corporate houses like Deutsche

Bank, Toyota, Pepsi India, Intel, ICICI, Credit Suisse, T&T Motors, Hinduja

Group and Bharati Airtel, amongst others. TAKE Solutions hopes to make the

event a bigger draw in the coming years.

The TAKE Solutions World Corporate Golf Challenge 2009

Board of Directors

MR. N. KUMARChairman

Mr. Kumar is the Vice Chairman of theSanmar Group and also serves on theBoards of many blue chip companies.

Recognised as a senior and respectedvoice representing the Indian industry,Mr. Kumar was the former Presidentof the Confederation of IndianIndustry (CII) and is the current

Honorary Consul General of Greece in Chennai and the HonoraryBusiness Representative of the International Enterprise Singapore.

He is also actively involved in a wide range of public and social welfareactivities including education, health & sports in addition to supportingNGOs working for the welfare and training of exceptional children.

Mr. Kumar is an Electronics & Communications Engineer from theCollege of Engineering (Anna University), Chennai.

PROF. G. RAGHURAMIndependent Director

A distinguished expert in SupplyChain and Logistics Management,Infrastructure & Services managementand related subjects, Prof. Raghuramhas served as consultant to over 50 organizations in India andoverseas. He has also taught atprestigious management institutes in the US and is currently the

‘Indian Railways Chair Professor’ at IIM (Ahmedabad).

Prof. Raghuram is a Ph.D from Northwestern University, KellogGraduate School of Management, USA and an alumnus of the IndianInstitute of Management, Ahmedabad. He holds a B.Tech degree inElectrical Engineering from Indian Institute of Technology, Chennai.

MR. N. RANGACHARYIndependent Director

An authority in the subject of financeand taxation, Mr. Rangachary hasheld prestigious positions spanning along & distinguished career with theIndian Civil Services. He was theChairman of Insurance Regulatoryand Development Authority and also the Chairman of the CentralBoard of Direct Taxes. He is

currently an advisor to a number of organizations.

Mr. Rangachary is a Chartered Accountant, a Cost Accountant and aCompany Secretary as well as an Honourary Fellow of the ActuarialSociety of India.

MR. D. A. PRASANNAIndependent Director

Considered a thought leader in HealthCare and Life Sciences, Mr. Prasannahas worked in global leadershippositions at GE and was ViceChairman at Wipro. He was afounding member of the Wipro teamthat initiated the company’s entry intoIT. As the startup CEO of GE Medicalin India, he led the company from

No. 5 to No. 1 position in the country. Leveraging India’s competivenessin the global arena, Mr. Prasanna developed a USD 330 million globalbusiness for GEMS. He currently serves on the Boards of various Pharmacompanies and Research Institutes. He also leads an industry taskforcefor projecting and promoting Bengaluru as a Health Destination underthe aegis of the Confederation of Indian Industry.

Mr. Prasanna is an alumnus of the Indian Institute of Management,Ahmedabad and GE Global Business Leadership Program atCrotonville.

MR. S. KRISHNAMURTHYIndependent Director

A dedicated, senior banker, Mr. Krishnamurthy has held severalprominent positions during his careerspanning over four decades. He was the Chief General Manager at Reserve Bank of India, the BankingOmbudsman at Chennai; theChairman of Tamilnadu MercantileBank; General Manager (Vigilance &

Inspection/Audit) at the Indian Overseas Bank and the Secretary ofBanking Services Recruitment Board for Public Sector Banks.

Mr. Krishnamurthy is a graduate in Science with a MLM and a Diplomain Industrial Relations and Personnel Management.

MR. SRINIVASAN H.RVice Chairman & Vision Holder

Mr. Srinivasan is the Vice Chairmanand Vision Holder of TAKE Solutions.He brings in 23 years of experience inSupply Chain Management. He playsa pivotal role in the evaluation of newinitiatives, mergers and acquisitions,leadership and development at TAKESolutions.

Mr. Srinivasan had previously served as Managing Director atSembCorp Logistics and Temasek Capital. He serves on the Board ofseveral companies spanning industries viz. technology, logistics &Supply Chain Management and financial Services. He holds an MBAand a Degree in Mathematics.

MR. R. SUNDARA RAJANIndependent Director

With a career spanning over threedecades of rich experience in thepharmaceutical industry, Mr. SundaraRajan has successfully spearheadedsignificant technology innovationsand foreign collaborations in thissector. He was the Executive VicePresident-Strategic Business Planningat Matrix Laboratories Ltd and is

currently an Advisor to the Shriram Group of Companies, Chennai. Heis also on the Board of the Manipal Acunova Pvt. Ltd, a reputed ClinicalResearch Organisation in India.

Mr. Sundara Rajan is a Mechanical Engineer from the JadhavpurUniversity, Kolkata, and an alumnus of the Indian Institute ofManagement, Ahmedabad.

MR. RAM YELESWARAPUNon-Executive Director, President andChief Executive Officer

An entrepreneur with a flair forleading global teams andorganizations in solving businesschallenges by using informationtechnology. Mr. Ram has well over adecade of experience working forpharmaceutical companies across arange of business applications from

development to commercialization of drugs. In the current role as theCEO, he led the company to a successful IPO and established anaggressive growth track record across global markets. He holds anengineering degree from IIT, Chennai.

MR. R. SESHADRIExecutive Director and Co-Founder

A Cost Accountant and a CompanySecretary, he is a co-founder of theCompany and currently oversees the Quality and Risk Managementfunctions. He has over three decadesof work experience including stints with Sembcorp Logistics (India) Ltd, State Bank of India,

TVS Group, Shaw Wallace and the Shriram Group.

He holds a graduate degree in Commerce and is also a certified trainer.

MR. S. SRIDHARANManaging Director

A highly motivated entrepreneur witha distinctive track record spanning 15years in the IT industry, Mr. Sridharanis the brain behind Megatrends andSurf India - both of which developedinto highly successful ventures -thereby contributing significantly tomapping the future of the IT industryin the country.

Driven by his passion for work and inspired by his creative andentrepreneurial drive, he was instrumental in the launch of iStartWebin 2000 to create Intellectual Property oriented software, and thereaftersuccessfully steered it through the whole life cycle.

At TAKE, Mr. Sridharan spearheads the Company’s Supply ChainManagement initiatives to distinguished heights globally.

Mr. Sridharan holds a BE degree in Electrical and Electronics.

MR. D. V. RAVIDirector and Co-Founder

Mr. D V Ravi is Director and Co-Founder of our Company. With overtwenty two years of experience instrategic planning, business process re-engineering, organizational changemanagement he oversees andprovides strategic inputs to the globalfinance and corporate servicesfunctions of our Company.

Ravi is the Managing Director of Shriram Capital Limited. He also serveson the boards of various Shriram Group companies.

Mr. Ravi is a commerce graduate from Bangalore University and a postgraduate in Management from the Institute of Rural Management,Anand (IRMA).

Dear Shareholders,

It is with a sense of pride that I present to you some of the key

highlights of the fiscal year 2008-09. Notwithstanding the

challenging global economic environment, your Company

continued its onward and upward journey with a healthy

performance.

The Company’s consolidated revenue for the financial year that

ended March 2009 stood at INR 3,433 million (USD 73.9

million), a 16% increase over FY 07-08. Net profit for the period

was INR 529 million (USD 11.4 million). EBITDA stood at

INR 782 million (USD 16.8 million) and EBITDA margin at 23%.

The EPS for the period was INR 4.44.

Reflections on the challenging times

The crisis that quietly began at the end of 2007 on Wall Street led

to the deep freeze of credit markets and quickly spread to the

main street of economy, mutating into a global crisis. With more

than 15% of the workforce in America rendered jobless or

unemployed, coupled with a significant and dramatic collapse of

the value of listed shares in American firms and the worst slide in

industrial production since the Second World War, nearly every

business has a woeful tale to tell.

While some are seeking scapegoats, others are happily

pandering, waiting for the crisis to get over. The crisis will see

many firms being eliminated from the business landscape.

However, the survivors will emerge leaner and stronger than ever

before, and possibly operate in a new paradigm altogether. In the

next couple of years, businesses that thrive will be those that

rationalise costs, are wary of debt, cautious with cash flow and

obsessively attentive to what customers want, along with being

creative and innovative.

Your Company was certainly not insulated to the ripple effects of

this economic tsunami. But the impact has, by and large, been

minimal. In the Life Sciences segment, for instance, we have not

witnessed any rollback in information technology investments,

especially from the large biopharmaceutical companies. In fact,

niche providers like your Company, with their intense domain

expertise in the areas of clinical and regulatory pharma, along

with a differentiated set of products, continue to be sought by

customers and face attractive prospects for services outsourcing.

In our Supply Chain segment, too, notwithstanding deferment

of orders by some of our clients resulting largely from the

slowdown in the manufacturing industry, which is the largest

market for our Supply Chain products, customer engagement has

strengthened.

Innovation, the key to organic growth

Necessity, as they say, is the mother of invention. Last year was

more or less a time for introspection, as we grappled with new

market realities. Thanks to the efforts of TAKEsters around the

globe, we spent more time increasing in-house operational

efficiencies, streamlining best practices and embracing sound

technology to harness the full potential of our talent pool. We

will continue to go down that path to secure internal efficiencies

so that we come out stronger when the economic situation

changes for the better.

We have always believed, and continue to believe that the major

segments of our business around Life Sciences and Supply Chain

management will accrue tremendous value for the Company and

its shareholders. Having secured a firm foothold in the Western

markets with our wide array of products, we recognised that our

established products made perfect sense for emerging markets

too, as they embarked on adopting technologies and standards

from the more developed parts of the world. Our established

reputation as a niche provider of domain-rich solutions to the

US and EU markets is now enabling us to try and secure the

President & CEO

Letter from the

first-mover advantage within the emerging markets space.

That is precisely the story of our India market too, where our

PharmaReady product continues to gain market share with the

largest number of installations as against our nearest competitors.

In essence, we firmly believe that the investments made by your

Company in architecting and building innovative solutions,

pertinent to the industry segments where we participate, will pay

us rich dividends as we shop them globally.

The trust and relationships that your Company has established

with several hundred customers is a very secure investment that

we sincerely believe will lead us to doing steady business across

new and innovative service lines during those difficult times when

acquiring new customers may not be as easy, under the prevailing

situation.

Liquidity and cash on hand, the right priorities

The freeze in capital markets around the globe has heightened

the importance of liquidity and cash on hand, and we are

certainly pleased to end FY 09 with INR 1,102 million of cash

and cash equivalents. We also continue to rationalise costs to

align with the market conditions and to build a more sustainable

cost structure.

Towards this, the Company’s senior management has voluntarily

opted for a substantial salary reduction in the current financial

year. The Company is also working towards reducing general and

administrative expenses. Consolidation of infrastructure and data

centers, along with efficient use of office space, is further helping

this cause.

Alliances and partnerships, the route to risk mitigation

While this may be the most opportune time for acquisitions as the

valuations are down, our focus is to conserve cash and grow the

organic part of our business. We may look at transactions which

add value to our business model and help us align quickly to the

new realities in the market.

We are currently focusing on consolidating and becoming more

efficient in our operations in all the geographies and business

units of our presence. We are focused on forming partnerships

with companies that can give us market access and more offerings

to support the new market realities. We have forged many

partnerships in the recent times — Entcomm, PSI, Foxfire, SCS and

Track IT in the Supply Chain space, and Basecon as a SaaS-based

Pharmacovigilance solution provider in the Life Sciences space.

Looking ahead

It is amply evident that the journey ahead will be fraught with

challenges and the short-term outlook will continue to exhibit

uncertainties, but your Company could not be better prepared to

withstand this stress and come out ahead of the competition. It

is said that half the battle is won when one acknowledges and

recognises the hurdles along the way. Having done that already,

we sincerely believe that we have a winning strategy in place at

TAKE to cruise along, and are fully prepared to step on the gas

pedal as the need arises to forge ahead.

In conclusion, we would like to extend our thanks to all of our

associates for their hard work and dedication during the past year;

to our Board of Directors for their continuing support and

guidance, and to you, our shareholders, for the trust you placed

in us. We assure you that your Company is in good health and

look forward to meeting the current challenges with confidence,

and to reporting continuing progress throughout 2009 in our

quest to further strengthen the foundation of this remarkable

edifice.

Thank you,

Ram Yeleswarapu

Managing Director

Letter from the

Dear Shareholders,

If challenges reveal character, the events of 2008-09 have truly

illustrated the power of focus that is ingrained in every aspect

of our business at TAKE. And while the business environment we

faced did not invite excess optimism, we carefully took stock of

the situation, moved ahead with determination and resolved to

overcome the difficulties ahead. We have successfully not only

avoided a decline in revenue and earnings, our consolidated

revenue for the financial year ended March 2009 have in fact

increased by 16% over FY 07-08 and we continue to have a

robust pipeline of projects and have retained our key accounts. It

is clearly our power of focus has helped us in this endeavour to

a large extent proving its mantle in difficult times.

It is indeed the power of focus that defines our business strength

right from our Intellectual Property (IP), wide range of SCM and

Life Sciences product portfolio, our domain expertise to the well-

earned trust of our clients. It is indeed the power of focus that sets

us apart, driving us to perform bigger and better in all ways,

making us what we are today…..a recognised global business

technology, growing company empowered to grow, always.

Achievements in a challenging year

In many ways a validation of our power of focus is the receipt of

various prestigious rankings and awards right from being

recognised as the Deloitte & Touché 10th fastest growing

company in India to being assigned the PCMM Level 3

certification and achieving the finalist position in the NASSCOM

IT Innovation Award during the year.

The Deloitte Technology Fast 50 India 2008 program recognises

and profiles 50 fast-growing technology companies in India based

on their percentage of revenue growth over the last three financial

years and it is a matter of pride for TAKE Solutions to be placed

amongst the top 15 for the second year in a row. Furthermore, for

the consecutive second year, TAKE was among the top 100

technology companies profiled in the Deloitte Technology Fast

500 Asia Pacific.

An endorsement of our well-established process infrastructure

and ability to manage competency based people practices is the

receipt of the People Capability Maturity Model (PCMM) Level 3

assessment of the Software Engineering Institute (SEI). The

recognition vindicates your Company’s strong vision and

commitment towards people and people processes.

TAKE Solutions was one of the top six finalists in the NASSCOM

IT Innovation Awards 2008 from more than 100 companies. The

Award is designed to recognise companies that have made

innovation a part of their organizational DNA, and use the

innovation engine to reinvent their processes, marketing and

product development strategies. Your Company is proud to

receive this prestigious ranking for an innovation in the supply

chain vertical, put in use for the pharmaceuticals industry.

Renewed focus

Operationally, 2008 has been an eventful and a challenging year.

At TAKE Solutions, we faced a difficult fourth quarter and it was

for the first time in our history that we were below our budgeted

predictions. However, we undertook several measures of

prudence to imbibe further cost competitiveness to confidently

brace for a difficult period forward especially the first half of 2009.

On a strategic level, we have continued to invest in our business

and product development to ensure we remain sharply

competitive and dynamic. In our continued endeavor to build the

organization capabilities for tomorrow, the leadership team’s

capabilities have been augmented globally with top notch

professionals from leading organizations. Our Center of

excellence for both the Life Sciences and Supply Chain domain

has been augmented and plans are on the anvil to create a world

class excellence center to demonstrate our technological prowess

and emerging technologies that can be used by customers in their

business for a sustaining competitive advantage.

Focus on partnerships

We are focused on creating extensive partnerships, developing

deeper capabilities, offering next generation products and

services and has always been recognised as customer focused

organization and global business designs.

We are not only looking at differentiation at the products &

service level, but are also using the technological advances to

create disruptive business models. The enterprise model has been

reconfigured to leverage extensive partnerships to deliver greater

value to customers at a variable cost. The Revenue model has

been changed to cater to newer customer requirements such as

‘Pay as you go’ (SaaS- Software as a Service), result based

licensing and software assurance, besides the current pricing

models.

Exploring new avenues

To build a more balanced business structure, your Company is

evolving strategies to add a new business segment - “Enterprises

services business”. The global meltdown has augmented the need

to drastically reduce operating expenses across industry thus

making cost-effective and efficient outsourcing services like

Business Support Systems (BSS), Operations Support Systems

(OSS), Engineering Services (ES) and Business Process

Outsourcing (BPO) an attractive proposition for even more

organizations. The market size of such a business segment is

estimated to be in the range of USD 70 Billion.

Leveraging the existing relationships with our customers and the

strength of our back office in India, we have successfully

structured an attractive proposition for our customers which helps

them to be efficient and at the same time be cost effective utilising

our Enterprise Services Business model.

On a concluding note

Thus, as we march into 2009-10, we remain strongly rooted in

our mission to be the preferred partner to customers worldwide

and be an innovative, agile organization that constantly reinvents

and is one step ahead of the changing technology trends. It is this

desire to excel that is shared by committed employees across our

businesses and I take this opportunity to thank them for their

continued efforts. I also take this opportunity to thank all our

stakeholders, our customers, valued partners and vendors.

Together with our employees, we are confident we will stride

resolutely forward in the coming year. Even amid this historically

difficult business environment, we strive to be a company

appreciated and trusted by clients and we continue to look

forward to your continued support and encouragement.

Warm Regards,

S. Sridharan

Global management team

TAKE Supply Chain

Aravind SankaranVice President,

Marketing (APAC)

Dusty KnightVice President,

Services & Support

James RobbDirector,

Finance & Operations

John ReecePresident

Ramesh GVice President, APAC

Stan SchochVice President, Sales

Venkatesan SivaramanExecutive Vice President,

Product Engineering

Warren SumnerGeneral Manager

TAKELife Sciences

Ilango RamanujamVice President, Delivery

Hemant DasDirector, Finance

Kalyan GopalakrishnanExecutive Vice President

Ramesh LVice President, APAC

Suren DheenadayalanSenior Director,

Regulatory Submissions

TAKE EnterpriseServices

Bala LatupalliExecutive Vice President

Dhamu NarayananChief Operating Officer

Govindarajan SrinivasanGlobal Delivery Head

Jacob GeorgeSenior Director (Alliances)

Mahesh MenonSenior Manager, Domain Services

Krish VaidyanathanExecutive Vice President,

Technology Solutions

Rajeev RanganVice President,

Software Services& Marketing

Sanjay GoradiaSenior Vice President,Business Intelligence

Srini SadhuVice President,

Domain Services

Venkatesan VAsst. Vice President,Finance & Accounts

TAKE Corporate

Dr. Chandrasekaran. NVice President,

Corporate Affairs

Deepa JayakumarAsst. Manager,

Corporate Communications

Gayatri Devi CGeneral Manager, HR

Gowri Shankar CAdvisor,

Business Development

Sai Prasath AGeneral Manager,

Finance

Sachin GargManager, Investor

Relations

Shobana N.SVice President,

Finance & Accounts

Srinivasan PCompany Secretary

Tamilvel. NHead, IT

Thiruvenkadam RHead, Quality Assurance

Applied ClinicalIntelligence LLC USA

Dr. Jonathan SeltzerPresident

Liza SeltzerExecutive Vice President &

Mark WilliamsChief Information Officer

Mirnah Technology System

Reji NairGeneral Manager

Dr. Anchan C.KCEO

Towell-TAKE Solutions LLC, Muscat

Autoparts Asia Pvt Ltd, India

Ramakrishnan KDirector & COO

Vaidyanathan KDirector & CEO

TAKE United Solutions, Malaysia

Colin FernandezCEO

Rudy NgDirector

TAKE SOLUTIONS Global Management Teams

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