By S Ronendra Singh, S Shyamala Aug 29 2010 , Chennai

TAKE Solutions targets 40% top line growth in FY 2011

Tags: Entrepreneurship

Chennai-based TAKE Solutions, an IT products company focused on the life sciences vertical, is targeting about 40 per cent top line growth this financial year. Increased productivity and marketing initiatives led to the revival in growth, senior company official said.

"We revamped our strategies to align to customer requirements last year. We are not selling products alone anymore but also services around them,"said Ram Yeleswarapu, president and CEO of TAKE.

The company launched its OneSCM supply chain management product on a pay-per-use model in January. Supply chain management is TAKE's horizontal offering for industries including oil and gas; drugs and biosciences, and hi-tech. Selling services has resulted in larger revenue contribution from existing top customers and also has helped us acquire new ones, he added. Moreover, the company is now able to aim for $5 million deals as against the present $1 million to $2 million projects.

"We also spent more on selling and marketing during the economic slowdown, which helped us to seize growth opportunities in the last two quarters. While we are hoping for about 40 per cent revenue growth, our Ebitda (earnings before interest, tax, depreciation and amortisation) is hoped to be in the range of 20 per cent to 22 per cent and we are targeting for about 12 per cent to 13 per cent profit after tax,"he added.

The company has about 900 employees now and is planning to ramp up to about 1,200 people by the end of this financial year, Yeleswarapu added.

Source

CONTACT

Registered Office

No. 27, Tank Bund Road,
Nungambakkam,
Chennai - 600034, India

Email : contact@takesolutions.com

Phone : +91 44 6611 0700/701

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