Polaris Consulting plans to sell BPO business

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.