The Muscat-headquartered joint venture company Towell Take Solutions LLC, will have TAKE Solutions as the majority equity holder with 51 per cent and the balance contributed by W J Towell.

Says Srinivasan H R, vision holder, Take Solutions, "The initial capital will be Rs2 crore and as and when required we will increase the equity base." According to him W J Towell has the market access in Middle East and Africa. "This coupled with our domain expertise in supply chain management and life sciences solutions will enable us to expand our market presence."

With this association, Take Solutions will be able to cross sell its offerings to W J Towell's clients.

The new joint venture company would focus on providing solutions centred around automated data capture based on barcode and RFID technology, timics ERP, supply chain management, business process management, data warehousing and business intelligence.

The domain-focused solutions are in the areas of field data collection, sales force automation, van sales automation, asset tracking and management, warehouse tracking and utility meter reading.

"We will later look at selling our life sciences solutions," Srinivasan says. For the current fiscal 2006-07 the joint venture company hopes to transact a business of $2 million.

Speaking about Take Solutions, he says, "We hope to close this year with a turnover of $40 million. The US market is good for our products."

Nearly 70 per cent of the company's turnover is generated from USA and the balance from the Asia Pacific region. "Last year the American market contributed around 55 per cent."

In terms of segment wise revenue, Srinivasan says that the supply chain management solutions contribute 48 per cent, life sciences 49 per cent and the balance is from maintenance work done by a company taken over by us."

According to him the company would soon launch PharmaReady version 4. The solution is specifically developed for companies in life sciences domain.