Polaris Software Lab was incorporated in 1993 and is now one of Indiaâ€™s leading institutions contributing to the knowledge economy of the global financial services marketplace. In a quest for knowledge opportunity, spanning over the last 2 decades (11 years as Polaris), Polaris has...
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Polaris Consulting & Services Ltd. has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Polaris Consulting & Services Ltd. should be analysed on a Consolidated basis
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1. Is Polaris Consulting & Services Ltd. a good quality company?
MoneyWorks4Me analysed the past 10-year performance of Polaris Consulting & Services Ltd. and arrived at the following conclusion:
Past 10 year's financial track record indicates that Polaris Consulting & Services Ltd. is a average quality company. However, for specific investment actions please connect with your investment advisor.
2. Is current market price of Polaris Consulting & Services Ltd. a good price to buy it?
Data is not available for this company.
3. What is Polaris Consulting & Services Ltd. share price return in the past 10 years ?
Data is not available for this company
Polaris Software Lab was incorporated in 1993 and is now one of Indiaâ€™s leading institutions contributing to the knowledge economy of the global financial services marketplace. In a quest for knowledge opportunity, spanning over the last 2 decades (11 years as Polaris), Polaris has established its solutions and services footprint globally contributing to the realization of the business vision of some of the world's leading giants in the money vertical. Polaris is
Polaris Software Lab was incorporated in 1993 and is now one of Indiaâ€™s leading institutions contributing to the knowledge economy of the global financial services marketplace. In a quest for knowledge opportunity, spanning over the last 2 decades (11 years as Polaris), Polaris has established its solutions and services footprint globally contributing to the realization of the business vision of some of the world's leading giants in the money vertical. Polaris is organized into 7 Business Solution Centers (BSCs). Each BSC houses expertise in one of the domain areas.
20 years ago, Citigroup began its quest to pioneer the utilization of the vast human intellect capital in India & the seeds of Polaris were sown. Polaris was fortunate to be one of the first vendors that Citigroup chose to partner with, through this Indian quest. Simultaneously Citigroup also started its own company called COSL (Citibank Overseas Software Ltd) which strategized and operationalized Citigroup's vision of leveraging India.
Polaris is an amalgamation of two organizations that traveled the path of successfully architecting & realizing Citigroup's India led vision.
The company has built its expertise on Investment Banking, Retail Banking, Credit Cards, Corporate Banking, Insurance etc, and is now associated with some of the worlds most prestigious financial services institutions like Citigroup, UBS, Lloyds TSB, SEB, Shinsei Bank, MHB, & Deutsche Leasing.
The strength of Polaris lies in its people. A unique blend of techno-bankers, banking & insurance practitioners, technology experts & quality process gurus help Polaris create enduring value in any relationship. Polaris was recognized by Smithsonian Institute in 1993 for creating the first ever banking solution on distributed architecture.
HP India and Polaris Software Lab have entered into an agreement to jointly market and deliver a range of solutions covering software, services and system integration for businesses in India.Polaris Retail Infotech (PRIL), a subsidiary of software services company Polaris Software Lab entered into a partnership with IBM to launch a software application â€˜Intellect Storeâ€™ for retail stores. Intellect Store will enable owners of retail stores to keep track of their stock as well as the customers in all stores simultaneously.
In 2010 - Polaris Software Lab, acquired IndigoTX, a SaaS (software as a service) company that provides GO TX, an enterprise brokerage solution for the securities market on a pay per use model.Polaris.
Polaris Software Lab, in order to implement Core Banking Solutions in all its 22 District Central Cooperative Banks spread across the state, Laser Soft, its group firm, has received a project from Andhra Pradesh State Cooperative Bank (APCOB).
The company offers Intellect Suite of Products namely Intellect Cards, Intellect Front Office, Intellect Universal Banking, Intellect Consumer Finance, Intellect Cash & Liquidity, Intellect Risk & Treasury, Intellect Portals, Intellect Wealth Management and Intellect Securities Services.
The company is having different divisions like Investment Banking, Retail Banking, Credit Cards, Corporate Banking, and Insurance
In March 2014 Polaris Financial Technology Ltd, demerged its Products (Intellect) business into an independent entity.
1993-Polaris Software Lab Ltd Incorporated
1994-End to End Retail banking solution for Citi Bank India
1995-Quality Processes aligned to SEI- CMM Level 3 and Konark Trust formed
1996-Operations set up in USA
1997- First Overseas development Centre commissioned for CITI Bank. Wholly owned subsidiary found in Singapore and USA also Polestar Trust got started. Initiated the Navalur Facility Polaris awarded â€˜Most Innovative Companyâ€™
1998- First large offshore contract CDC started wholly owned subsidiary in UK Quality Processes Aligned to SEI- CMM Level 4Quality Processes ISO -9001 certified Birth of Polaris Retail Infotech Limited
1999 -Crossed 1000 Associates milestoneInitial Public Offering, over-subscribed by 21 times First ATM Development Lab, First Secure Lab awarded â€˜Best International Business Excellenceâ€™ Award
2000 -â€˜Foundationâ€™ - a State-of-the-Art Development center inaugurated. Wholly owned subsidiaries in Germany, Switzerland and Australia Ranked among 'Fab Five' companies in India by Intelligent Investor Rated amongst Forbes Worldâ€™s Best Small Companies
2001 - Formed a wholly owned Subsidiary in Ireland and commenced operations in Japan. Gurgaon Campus inaugurated the Worldâ€™s First CMMi level 5 company. NASSCOM felicitates Polaris Software rated as the 'Fastest growing company in India' by Computers Today and Business World
2002 - Opened Business Continuity Centre in Singapore also 2nd Time Ranked amongst Top 200 Best Small Companies in the World. Ranked among Top 25 Best Employers in the country. Launch of Adrenalin. Ranked among Top 10 IT Wealth Creators - Business Today
2003 - Historic merger with OrbiTech (Citigroup Subsidiary) Birth of Intellect and Optimus Received â€˜The Banker Technologyâ€™ Award
2004 - Crossed 5000 associates mark Became BS 7799 Certified Super-Specialty center for Financial Risk Management at Mumbai Launch of Intellect Suite of Products for Banking Solutions and Inaugurated â€˜Intellect Courtâ€™ at Navalur
Ranked 9th by NASSCOM Top 20 Exporters Received Mother Teresa Corporate Citizen Award
2005 - Launch of next generations Intellect Banking Platforms and Incorporation of Subsidiary in Canada
2006 - Worldâ€™s First Super Specialty Center for Investment Banking, The Capital, Hyderabad Near Shore Centre in Belfast. Entry into Latin America and got recognized as Global Leader in the Specialty Application Development by Cybermedia
2007- â€˜Corporate Bankingâ€™ New Center in Mumbai and Launch of PACE Lab in Sydney
The Bankerâ€™s Award for Intellect Treasury
Entering New Markets like Southern Europe & Nordic 2nd Year in a row - Global Leader in the Specialty Application Development Near-shore Testing Center at Canada
2008 -Opened new Branch office in Seoul, Korea
2011 - Polaris Financial Technology wins OPN specialized India ISV of the year award. Polaris Launches Intellect FABX on iPad at Harvard Club of New York City
2014- Polaris Launches Life Claims in the Cloud at the ACORD LOMA Forum