The Company was incorporated as a private limited company by the name TAKE Solutions Private Limited on December 20, 2000. The company has been promoted by a team of domain experts in the supply chain management sector of the software industry. TSL is an international business technology company with products backed by a strong domain expertise to provide cost effective comprehensive solutions for businesses. Use of strong domain knowledge, deployment of the technology frame work, a client centric, template free, approach to solutions deployed and a sound delivery model form the basic tenets of the organization Pursuant to a Scheme of Amalgamation, a company namely, Millennium Infocomm Limited was merged with Company w.e.f. January 1, 2003 i.e. the Appointed Date and the Scheme of Amalgamation came into effect on February 23, 2004. On February 7 2003, the company has acquired the divisions/softwares of iStartWeb Private Limited and MSIPL. The division of iStartWeb Private Limited, dealt with BPM, workflow management, application and information integration. The division of MSIPL had capabilities in secondary sales management software. In December 2003, the company has acquired fifty-one (51%) of the equity share capital of Megatrends Limited but subsequently on April 5, 2005 the company has divested equity fully in Megatrends and this company ceased to be our subsidiary. On November 20, 2004, the company has incorporated a wholly owned Subsidiary in the Kingdom of Bahrain by the name of TAKE Solutions Gulf W.L.L. This Subsidiary has enabled to foray in the Middle East markets for marketing SCM suite of products. However, TAKE Solutions Gulf W.L.L. has now been voluntarily liquidated by the Company w.e.f. January 22, 2007. In the year 2004-2005, the company has developed a suite of products across the SCM vertical, which enabled to deliver customized business solutions and support services at shrink-wrap speeds to clients. In December 2005, the company has acquired majority stake in the equity of TAKE Inc. then a subsidiary company of TAKE Solutions Pte Limited (one of our Promoters). In March 2006, the company has acquired the entire shareholding of TAKE Inc. USA and thereby 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 launched the software product PharmaReady in the Life Sciences space. TAKE Inc. further has a subsidiary namely Applied Clinical Intelligence L.L.C. On 29th March 2006, the company has acquired 58.06% in the equity of Autopartsasia Private Limited, which is a 100% EOU in India. This acquisition enabled to extend SCM model in the automotive space of the industry. On 31st March 2006, the company has acquired 97.75% in the equity of Millennium Business Solutions (Sdn) Bhd., Malaysia from Millenium Business Solutions Private Limited, India. By way of this acquisition company has forayed into the South East Asian market for marketing SCM suite of products. The company has entered into a Shareholders Agreement dated June 1, 2006 with United Integrated Sdn Bhd, Malaysia for converting this company into a joint venture wherein Company shall hold fifty one percent (51%) equity capital 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 conversion of the company into a joint venture has not yet been given effect to. In March 2007, the company has acquired the entire share capital of CMNK Consultancy & Services Private Limited. In June 2007, the company has acquired ClearOrbit Inc. USA, a Delaware Corporation; through USA based subsidiary TAKE Inc. ClearOrbit is now the wholly owned subsidiary of TAKE Solutions Inc.