In an interview to CNBC-TV18, Srinivasan HR, VC & MD of Take Solutions spoke about the latest happenings in the company and gave his outlook for the future.
Srinivasan HR, Vice Chairman & Managing Director of Take Solutions also isn't ruling out inorganic growth.
Chennai floods had a negative impact on Take. The company lost USD 160,000 in revenues in the third quarter of FY16 due to this, says HR Srinavasan, Vice Chairman and Managing Director of Take.
Srinivasan HR, Vice Chairman and MD of IT firm TAKE Solutions‘ says the company is likely to suffer a one-time hit of approximately Rs 1 crore due to the expenses towards amelioration of the employees affected due to the rains and some asset losses, although most of it is covered under insurance.
In an interview to CNBC-TV18, Srinivasan HR, vice chairman & managing director, shares his views on the company's business outlook.
Take Solutions, whose revenue went up by 15 percent on Q-o-Q basis, focused on high margin businesses and expanded into functional services for better results.
Out of the Rs 184 crore revenues reported in third quarter, about 63 percent came in from the life sciences business and 37 percent from the supply chain management business, said Srinivasan HR, VC & MD, Take Solutions.
In an interview with CNBC-TV18, HR Srinivasan, VC, prime founder of Take Solutions said, the company’s current order book stands at USD 72.5 million. “During the course of this year, our earnings before interest, taxes, depreciation and amortization (EBITDA) will be in the 22-23% range."
In an interview with CNBC-TV18, H R Srinivasan, VC, Prime Founder, Take Solutions says, the margin dip was due to the bonus and also due to the one time expenses in relation to the acquisition. He expects 22.5-23% margin in FY12.