MoneyWorks4Me

Polaris Consulting plans to sell BPO business

30 Oct 2015 Evaluate

Polaris Consulting & Services (Polaris Consulting) is planning to sell its BPO business, which employs over 1000 people. The company has received an in-principle approval from the Board for hiving off the BPO business. It will not be hived-off as a Polaris subsidiary but sold to a third party. A sub-committee will be formed and an advisor will be appointed soon to carry out the sale.

Polaris Consulting is a full-spectrum Financial Technology major, using technology as an enabler to drive unprecedented operational productivity in Retail, Corporate and Investment Banking.

Peers
Company Name CMP
TCS 2085.90
Infosys 1019.20
HCL Technologies 1256.00
Wipro 164.80
Tech Mahindra 1555.00
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