SAK Industries Ltd. is a well-established Delhi business house with interests in manufacturing of high-end engineering products, financial services, retailing and information technology. As on March 31, 2004 - the company had a net worth of over Rs. 1434 million.

Mr Autar Krishna, a Mechanical Engineer from UK, promoted SAK Industries Ltd. in 1962. As its first foray, SAK Industries established a JV with Krupps of Germany for setting up WIDIA-India Ltd., a market leader in cutting tools and tungsten carbide implements. In 2003, SAK divested its interest in WIDIA-INDIA in favour of a US company, Kennametal Inc. SAK Industries also promoted Nation Wide Finance Limited and in a period of three years, built up this company into a very profitable company specializing in small ticket landing primarily for consumer goods. In the year 2000, SAK Industries sold 74% shares of the company to Citicorp Inc. and in 2003, SAK Industries sold 26% shares to Citicorp Inc. Citi Group has now changed the name of the company from Nation Wide Finance Ltd. to Citibank Retail Financial Services India Ltd.

	SAKSOFT is another company promoted by the SAK group. The company is based in Chennai and has development centres in Chennai & Noida. SAKSOFT is one of the leading developers of specialized software for the banking, financial & insurance services i
ndustry. In support the activities of the Company, SAKSOFT also has subsidiaries in Germany, Singapore & USA.

SAK Abrasives Limited is another venture of SAK Industries and is in the business of manufacturing bonded abrasive products.

In 2003, SAK Industries promoted SAK Consumer Retail Services Ltd. (SAK CRS) for its planned diversification into organized retailing. SAK CRS is looking to establish a chain of specialized multi brand consumer product stores in India, under

the brand name CRS Health ™ - The Wellbeing Place. The intent is to be a 100 - 150 strong chain by 2008 with a turnover in excess of Rs 750 million. The CRS team is working under the guidance of its Chairman, Mr. Autar Krishna and is being managed by Mr. Rahul Chadha, MBA Oxon. Mr. Chadha was previously a senior consultant with A T Kearney, a leading management consulting company.