Take Solutions reports 100% growth in net profit

The total income of the company for the year ending March 31,2011,soared to Rs 506.05 crore from Rs 366.41 crore during the same period previous year,it said.

The board of directors have recommended a 100 per cent dividend for the fiscal year 2011,it added.

“The remarkable increase in the net profit by 116 per cent could be attributed to the productivity and optimal use of resources. It is good to see the resurgence in investment on IT space globally resulting in the rise in demand which has been the key driver to our performance”,TAKE Solutions Managing Director S Sridharan said.

The company currently has presence in the United States with the Life Sciences domain excellence centre located in New Jersey. It has about 400 customers worldwide,the statement added.