TAKE - Take Solutions
π’ Recent Corporate Announcements
TAKE Solutions Limited has announced the incorporation of a new wholly-owned subsidiary named TAKE VENTURES PRIVATE LIMITED on March 11, 2026. The subsidiary has been established with an authorized share capital of βΉ25,00,000, divided into 2,50,000 equity shares of βΉ10 each. This new entity will focus on software development, IT consultancy, and technology-enabled solutions to drive the company's growth strategy. The parent company holds 100% control through cash subscription of the initial share capital.
- Incorporated TAKE VENTURES PRIVATE LIMITED as a 100% wholly-owned subsidiary on March 11, 2026
- Authorized share capital of βΉ25,00,000 consisting of 2,50,000 equity shares of βΉ10 each
- Subsidiary to operate in the IT industry focusing on software design, development, and consultancy
- The move is intended to support the company's long-term growth and expansion in the technology sector
TAKE Solutions held an Extraordinary General Meeting (EOGM) on March 7, 2026, to approve several key governance and strategic changes. Shareholders voted to regularize the appointments of two Non-Executive Directors and approved M/s. Venkat and Rangaa LLP as the new Statutory Auditors following a casual vacancy. A significant special resolution was passed to shift the company's Registered Office from Tamil Nadu to Maharashtra. These moves coincide with the company's stated strategic transformation toward AI-driven healthcare and scalable technology platforms.
- Approved the appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors following the resignation of M/s. Sundar Srini & Sridhar.
- Passed a special resolution to shift the Registered Office from Tamil Nadu to Maharashtra.
- Regularized the appointments of Mr. Parmeshvar Dhangare and Mr. Vilas Munis as Non-Executive Directors.
- Company reported a total of 66,526 members as of the February 28, 2026, cut-off date.
- Management highlighted a strategic pivot toward AI-driven healthcare, diagnostics, and preventive care.
TAKE Solutions held an Extra Ordinary General Meeting on March 7, 2026, to approve several key governance and operational changes. Shareholders voted on the regularization of two Non-Executive Directors and the appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors following a casual vacancy. A significant special resolution was proposed to shift the company's registered office from Tamil Nadu to Maharashtra. The management also emphasized a strategic pivot toward AI-driven healthcare and diagnostics platforms.
- Approval for shifting the Registered Office from Tamil Nadu to Maharashtra via a Special Resolution.
- Appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors to fill the vacancy caused by the resignation of M/s. Sundar Srini & Sridhar.
- Regularization of Mr. Parmeshvar Dhangare and Mr. Vilas Munis as Non-Executive Non-Independent Directors.
- The meeting was attended by 38 members out of a total shareholder base of 66,526 as of February 28, 2026.
- Strategic focus reaffirmed on building scalable technology-led platforms in AI-driven healthcare and preventive care.
TAKE Solutions has announced a strategic integration of Anthropicβs Claude AI to enhance its healthcare technology stack. This move specifically targets the $370 billion healthcare sector by powering platforms like the 'One Minute Clinic' and a 'Unified AI Marketplace'. The initiative focuses on transitioning from reactive treatment to predictive and preventive care models using advanced clinical decision intelligence. By leveraging these AI capabilities, the company aims to improve operational efficiency and scale its services for global healthcare networks and pharmaceutical companies.
- Strategic integration of Anthropic's Claude AI to drive dominance in the $370B global healthcare market.
- Enhancement of the 'One Minute Clinic' initiative for rapid health assessments and intelligent report generation.
- Development of a Unified AI Marketplace for hospitals, diagnostic centers, and pharmaceutical providers.
- Focus on predictive healthcare management to identify early health risks and enable proactive care.
Take Solutions Limited has announced an Extra Ordinary General Meeting (EOGM) to be held on March 7, 2026, via video conferencing. The company has established February 28, 2026, as the cut-off date to determine shareholder eligibility for participating in the remote e-voting process. The e-voting period is scheduled to run from March 4, 2026, starting at 9:00 a.m., until March 6, 2026, ending at 5:00 p.m. This meeting is a regulatory requirement to seek shareholder approval for specific corporate resolutions.
- Extra Ordinary General Meeting (EOGM) scheduled for March 7, 2026, at 12:00 p.m. IST
- Cut-off date for e-voting eligibility is fixed as February 28, 2026
- Remote e-voting window opens on March 4 and closes on March 6, 2026
- Meeting to be conducted virtually through Video Conferencing (VC) or Other Audio-Visual Means
TAKE Solutions has announced a strategic initiative to develop a Scalable Unified AI Platform, targeting India's $370 billion healthcare sector and a $197 billion preventive healthcare opportunity. The platform will act as a digital infrastructure layer and marketplace, enabling hospitals and labs to deploy AI for diagnostics, clinical trials, and hospital workflows. This move aligns with the IndiaAI Mission and positions the company to capture growth in the global AI healthcare market, which is projected to exceed $180 billion by 2030. The initiative marks a significant pivot toward high-growth digital health infrastructure.
- Developing a Unified AI Platform to address the $370 billion Indian healthcare ecosystem.
- Targeting a $197 billion preventive healthcare opportunity through democratized AI access.
- Platform to serve as a Healthcare AI Marketplace for diagnostics, clinical trials, and hospital workflows.
- Strategic alignment with the IndiaAI Mission and the global AI healthcare market projected to surpass $180 billion by 2030.
Take Solutions reported a standalone net profit of βΉ110.96 Lakhs for Q3 FY26, though this was driven entirely by other income as revenue from operations remained at zero. The company's auditors have issued a qualified opinion, highlighting material uncertainty regarding the firm's ability to continue as a going concern due to significant past losses and unpaid statutory dues. Management is currently exploring non-cash M&A opportunities to diversify operations following the divestment of its major subsidiary. Additionally, the board has rejected a promoter's request for reclassification to the public category citing procedural gaps.
- Revenue from operations stood at βΉ0.00 for the quarter, with total income of βΉ146.14 Lakhs derived from other sources.
- Auditors flagged βΉ883.2 Lakhs in tax assets and βΉ516.4 Lakhs in indirect tax credits with uncertain recoverability.
- Company faces contingent liabilities of βΉ1,080.3 Lakhs related to direct tax litigations pending before various forums.
- Net worth remains significantly impacted by a βΉ6,973.60 Lakhs loss in the previous financial year following the Ecron Acunova divestment.
- The Board declined Mr. Srinivasan HR's request to move from 'Promoter' to 'Public' category due to pending procedural requirements.
Take Solutions Limited has scheduled an Extraordinary General Meeting (EOGM) for March 07, 2026, to seek shareholder approval for several significant corporate changes. Key resolutions include the appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors following the resignation of the previous auditors. The company also proposes shifting its registered office from Tamil Nadu to Maharashtra, which requires a special resolution. Additionally, shareholders will vote on the regularization of two Non-Executive Directors, Mr. Parmeshvar Dhangare and Mr. Vilas Munis.
- EOGM scheduled for March 07, 2026, to be held via Video Conferencing/Other Audio-Visual Means.
- Proposed appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors to fill a casual vacancy.
- Special resolution to shift the Registered Office from Chennai, Tamil Nadu, to the State of Maharashtra.
- Regularization of Mr. Parmeshvar Dhangare and Mr. Vilas Munis as Non-Executive Non-Independent Directors.
- Remote e-voting period is set from March 04 to March 06, 2026, with a cut-off date of February 28, 2026.
Take Solutions has announced a major structural shift, moving its registered office from Tamil Nadu to Maharashtra. The board has appointed M/s. Venkat and Rangaa LLP as the new Statutory Auditor to fill a casual vacancy following the previous auditor's resignation. Crucially, the board is reviewing a request from promoter Mr. Srinivasan H R to be reclassified as a public shareholder, with a follow-up meeting scheduled for February 14, 2026. Additionally, the company is progressing with an AI-driven Diagnostic & Preventive Health Care Platform as part of its long-term strategy.
- Proposed shifting of registered office from Tamil Nadu to Maharashtra subject to shareholder approval.
- Appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors following the resignation of M/s Sundar Srini & Sridhar.
- Promoter Mr. Srinivasan H R has formally requested reclassification from 'Promoter' to 'Public' category.
- Extra Ordinary General Meeting (EOGM) scheduled for March 7, 2026, for member approvals.
- Board reviewed progress on an advanced AI-driven Diagnostic & Preventive Health Care Platform.
Take Solutions has announced a significant shift of its registered office from Tamil Nadu to Maharashtra, subject to shareholder approval at an EOGM on March 7, 2026. The company is regularizing the appointment of M/s. Venkat and Rangaa LLP as statutory auditors following a casual vacancy. A key development is the request from promoter Mr. Srinivasan H R to be reclassified as a public shareholder, which the board will review on February 14, 2026. Additionally, the board reviewed the progress of a new AI-driven Diagnostic & Preventive Health Care Platform intended for long-term growth.
- Proposed shifting of registered office from Tamil Nadu to Maharashtra to align with corporate strategy.
- Promoter Mr. Srinivasan H R has requested reclassification from 'Promoter' to 'Public' category.
- Extra Ordinary General Meeting (EOGM) scheduled for March 7, 2026, for member approvals.
- Appointment of Mr. Vilas Munis as Additional Non-Executive Non-Independent Director.
- Regularization of M/s. Venkat and Rangaa LLP as Statutory Auditors following a previous resignation.
Take Solutions has announced a series of corporate changes, including the appointment of Mr. Vilas Munis as a Non-Executive Director and the shifting of its registered office from Tamil Nadu to Maharashtra. The company is also filling a statutory auditor vacancy following a resignation and has scheduled an EOGM for March 7, 2026, for shareholder approvals. Significantly, the board is reviewing a request from promoter Mr. Srinivasan H R to be reclassified as a public shareholder, with a decision expected on February 14, 2026. Additionally, the company is progressing with its long-term roadmap for an AI-driven Diagnostic & Preventive Health Care Platform.
- Appointment of Mr. Vilas Munis as Additional Non-Executive Director effective February 11, 2026.
- Proposed shifting of the Registered Office from Tamil Nadu to Maharashtra subject to shareholder and MCA approval.
- M/s. Venkat and Rangaa LLP appointed as Statutory Auditors to fill a casual vacancy caused by a resignation.
- Promoter Mr. Srinivasan H R has requested reclassification to the 'Public' category, to be reviewed on February 14, 2026.
- Extra Ordinary General Meeting (EOGM) scheduled for March 7, 2026, with e-voting starting March 4, 2026.
Take Solutions Limited has announced a series of significant governance and operational updates following its board meeting on February 11, 2026. Key decisions include shifting the registered office from Tamil Nadu to Maharashtra and the appointment of Mr. Vilas Munis as an Additional Director. The board also regularized the appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors to fill a casual vacancy. Furthermore, a request from promoter Mr. Srinivasan H R for reclassification to the 'Public' category was received, with a follow-up review scheduled for February 14, 2026.
- Proposed shifting of Registered Office from Tamil Nadu to Maharashtra, subject to shareholder and regulatory approval.
- Appointment of Mr. Vilas Munis as Additional Non-Executive Non-Independent Director effective February 11, 2026.
- Extraordinary General Meeting (EOGM) scheduled for March 7, 2026, to seek member approval for director and auditor appointments.
- Board reviewed progress on a new AI-driven Diagnostic & Preventive Health Care Platform for long-term value creation.
- Promoter Mr. Srinivasan H R has requested reclassification to the 'Public' category, to be examined on February 14, 2026.
Take Solutions has announced a strategic expansion into the Indian preventive healthcare sector with the launch of 'One Minute Clinic,' AI-enabled smart diagnostic units. The initiative targets a market projected to reach USD 197 billion by 2030, aiming to provide affordable and accessible early health screenings. The company plans to import these integrated units from China to accelerate deployment across residential and public spaces. This move leverages the existing USD 13 billion Indian diagnostics industry to address high out-of-pocket healthcare expenses and rising lifestyle diseases.
- Targeting India's preventive healthcare market projected to reach USD 197 billion by 2030
- Importing fully integrated AI-enabled smart health units from China for rapid nationwide deployment
- Addressing a domestic diagnostics industry valued at USD 13 billion with double-digit growth potential
- Focus on early detection for the 25% of adults with metabolic disorders and 1 in 4 at risk of heart disease
- Strategy includes AI-driven diagnostics, instant digital health reports, and integrated teleconsultation pathways
Take Solutions Limited has appointed M/s. Venkat and Rangaa LLP as its new Statutory Auditor effective February 03, 2026. This appointment is intended to fill a casual vacancy created by the resignation of the previous auditor, M/s. Sundar Srini & Sridhar. The new firm, established in 1984, brings over 40 years of experience in audit, taxation, and advisory services. The appointment is subject to the final approval of the company's shareholders.
- Appointment of M/s. Venkat and Rangaa LLP (FRN: 004597S) effective from February 03, 2026
- Fills casual vacancy caused by the resignation of previous auditors M/s. Sundar Srini & Sridhar
- New auditing firm has over 40 years of experience in serving public sector banks and corporate clients
- Board meeting approving the change concluded within 45 minutes on February 03, 2026
Take Solutions Limited has appointed M/s. Venkat and Rangaa LLP as the new Statutory Auditors effective February 03, 2026. This appointment is intended to fill the casual vacancy created by the resignation of the previous auditors, M/s. Sundar Srini & Sridhar. The new auditing firm, established in 1984, brings over 40 years of experience in audit, taxation, and advisory services. The appointment is subject to the final approval of the company's shareholders.
- Appointment of M/s. Venkat and Rangaa LLP as Statutory Auditors effective February 03, 2026
- Fills casual vacancy caused by the resignation of M/s. Sundar Srini & Sridhar
- New auditor firm has over 40 years of professional experience since its establishment in 1984
- Board meeting concluded within 45 minutes, from 05:00 PM to 05:45 PM on February 03, 2026
Financial Performance
Revenue Growth by Segment
Life Sciences (LS) segment witnessed a de-growth of 64.35% in FY21. Supply Chain Management (SCM) segment witnessed a de-growth of 75.43% in FY21.
Geographic Revenue Split
High dependence on the US market (specific percentage not provided).
Profitability Margins
EBITDA margin was almost 19% in the last quarter (Q1 FY22). The company expects to stabilize at 19-20% EBITDA margins once a certain revenue run rate is hit.
EBITDA Margin
EBITDA margin was approximately 19% in the most recent quarter, with a target to stabilize at 19-20%.
Capital Expenditure
Not explicitly disclosed in the provided text, though 'Purchase of Property Plant and Equipment' is mentioned in the cash flow statement without a specific total value for the period.
Credit Rating & Borrowing
The company has about Rs. 500 crores in debt. Specific interest rate percentage is not mentioned, but liquidity is described as 'strained'.
Operational Drivers
Raw Materials
Pass-through expenses (costs from sponsors given to sites in clinical trials).
Capacity Expansion
Not explicitly stated in units, but the company aims to scale up the business with the help of HIG.
Raw Material Costs
Cost of revenue includes pass-through expenses; specific percentage of revenue not provided.
Manufacturing Efficiency
Not applicable (service-based), but 'burning' of orders was constrained by COVID-19.
Strategic Growth
Expected Growth Rate
19-20%
Growth Strategy
Strategic partnership with HIG to grow the Navitas brand; deleveraging to become a zero-debt company; diversification into related areas; and improving cash profitability.
Products & Services
Clinical trials, Life Sciences services, Supply Chain Management (exited in FY21).
Brand Portfolio
Navitas, APA Engineering (exited).
New Products/Services
Related areas of diversification not in conflict with the Navitas brand.
Market Expansion
Focus on the United States market to create value for the Navitas business.
Market Share & Ranking
Relatively small size of operations in a highly competitive industry.
Strategic Alliances
Strategic partnership with HIG (H.I.G. Capital).
External Factors
Industry Trends
Changing dynamics of the global pharma industry; shift towards Life Sciences (96% of revenue in FY21).
Competitive Landscape
Highly competitive industry with a relatively small size of operations.
Competitive Moat
Strategic partnership with HIG, which has a track record of creating shareholder value; the Navitas brand.
Macro Economic Sensitivity
Socio-economic conditions arising from the COVID-19 pandemic.
Consumer Behavior
Impacted by the COVID-19 pandemic and changing dynamics in the pharma industry.
Geopolitical Risks
Not explicitly mentioned, but fortunes are linked to the global pharma industry.
Regulatory & Governance
Industry Regulations
Compliance with Indian Accounting Standards (Ind AS), specifically Ind AS 37 regarding provisions and contingent liabilities.
Taxation Policy Impact
Qualified opinion regarding internal financial controls over assessment of impairment in carrying value of tax assets and direct tax litigations.
Legal Contingencies
Pending direct tax litigations before various forums for various assessment years; impact of pending litigations as of March 31, 2025, disclosed in Note No. 4.
Risk Analysis
Key Uncertainties
Liquidity position, revenue concentration in the US market, and the ability to stabilize revenue and maintain profitability.
Geographic Concentration Risk
High dependence on the US market.
Third Party Dependencies
Dependence on sponsors and sites for clinical trials (pass-through expenses).
Technology Obsolescence Risk
Not explicitly mentioned, but linked to changing dynamics in the pharma industry.
Credit & Counterparty Risk
Strained liquidity profile; potential for misstatement of tax assets and provisions due to ineffective internal controls.