Annual Meet of the Trust

Summary of the deliberations

The statutory annual meets of the Board of the Trust was held on 8th Sep 2007, to take stock of the progress of Sikshana and consider/ pass the Annual Report and the Audited Accounts the last year. At this time, the Annual Report of 2006-07 was discussed and approved for adoption. Expressing its satisfaction at the progress achieved during the last year, the Board ratified the audited annual accounts for the year 2006-07.

The Board was expanded to include Prashanth Prakash and K.K. Subramaniam, whose consents were earlier obtained for this move.

Mr Prashanth Prakash has over 16 years of experience in information technology, Internet product development and consulting services. He started his full-time career at S3 Technologies a division of GSE systems. Working for them in various capacities he led a team that was responsible for building the next generation Case Tools for real-time simulations (GemCase). Prashanth has also widely consulted for various companies in the US before returning to Bangalore to setup NetKraft in 1998. As Founder/CEO of NetKraft he helped define both the Vision and Strategic direction for NetKraft to establish it as one of the leading Offshore solutions company focusing on the Retail and HealthCare Verticals. In 2004, NetKraft had 400+ employees with offices in US, France, UK and Belgium , when it was acquired by Texas based Adea Systems. Previously, Prashanth secured two rounds of Venture Funding for NetKraft, from funds based both in Europe and US. For the past year Prashanth has focused on building Erasmic, an across board venture fund focused on early stage investing in India . He holds a Masters degree in Computer Science from the University of Delaware , USA , and an Undergraduate degree, also in Computer Science, from the Bangalore Institute of Technology, India ..

K. K. Subramaniam ("Subbu") is a post-graduate in computer science with a deep interest in designing elegant and reliable system software products. He has over two decades of experience in UNIX/Linux based software in the areas of real-time embedded kernels, device drivers and network stacks. He has held various R&D positions as designer, architect, development manager, and world-wide product manager and consulting engineer in multinational companies IBM, Novell, Oracle and Network Appliance. In 2005, he founded a company, Axcode Consulting, to focus on design consulting services in system software and network stacks that leverage FOSS developments. On a personal level, he has deep commitment to the cause of Education in the true sense of the term, and has been studying the subject extensively from academic and technical perspectives. .

With this expansion, the Board has now eleven members and two Permanent Invitees. At the above meets, the following decisions were taken after due discussions: 

Mr. R. Raghavendran who was the auditor for our FCRA accounts is now appointed as the auditor for Sikshana to handle all accounts. With looking at Phase3 expansion of Sikshana wherein the plan is to adopt all the higher primary schools numbering 98 in the kanakapura taluk the focus for the next 4 months will be on generating funding for the expansion. The discussion also included the amount of local funds that can be committed towards the expansion. In order to assist the fund raising efforts and also for our own internal improvement it was decided to have an audit firm like KPMG do a process audit on Sikshana.  

The Board concluded its sitting on 8th Sep 2007, with the approval of the operating budget for 2007- 08 as proposed.