Intellect Design Arena Ltd.

Intellect Design Arena, the financial products company from the Polaris Group, will set up application design centres in Mumbai and New Jersey (US) for a collective investment of $20 million. These two centres will function as design labs where Polaris’ cross functional teams will work with customers to develop and customize applications around operations efficiency, performance, analytics, risk management, integration and security.

The New Jersey centre would be operational by third quarter of next financial year while, the Mumbai centre, which will be housed within its existing setup in the city, will be the first to go on stream.