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Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that Polaris Consulting & Services Ltd is an average long term investment. However, you need to ensure you buy at a right price to earn good returns.
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.