Polaris Software Lab Limited

From Wikipedia, the free encyclopedia

This article may require cleanup to meet Wikipedia's quality standards.
Please improve this article if you can. (February 2007)

Polaris Software Lab Ltd.
Type	Public (BSE: 532254)
Founded	1993
Headquarters	Chennai, India 22 offices across 14 countries
Key people	Arun Jain, Chairman & Managing Director, Arup Gupta, COO,
Industry	IT Services, Consulting
Services	Banking and financial products and solutions, business consulting, IT and value-added business process outsourcing
Revenue	▲ $300 million/Profit 25 million
Employees	11,000 (2008)
Website	www.polaris.co.in

Polaris Software Lab is top 10 Leading Software company. Polaris Software Lab Limited is a India-based global banking & financial IT and management consultancy company. It is quoted on the Bombay Stock Exchange. It claims to be the first company in the world to be assessed and certified CMMi Level 5 (in 2006).^{[citation needed]} As of 2006, the company is active in 14 countries and has almost 11,000 employees As of 2008.

1 Overview
2 History
3 Business units
4 Clients
5 Recognition
6 Notes
7 External links

[edit] Overview

Polaris Software Lab Ltd is headquartered in Chennai. It provides solutions and services in information technology for the global financial services marketplace.

Polaris has operations in Canada, United States, United Kingdom, Germany, France, Switzerland, Ireland, Singapore, Australia, Saudi Arabia, Bahrain, UAE, Chile,Japan and Spain.

[edit] History

Polaris Software Lab Ltd. was incorporated in 1993. Polaris was one of the first vendors that Citigroup chose to partner with, when it decided to enter India. In parallel, Citigroup also started its own company called COSL (Citibank Overseas Software Ltd). COSL was later re-christened as Orbitech only to be later merged with Polaris.

[edit] Business units

Polaris is organized into 8 Business Solution Centers (BSCs). Each BSC houses expertise in a focused financial domain and caters to clients involved in the same area of business expertise. BSC 1,2,3,5 are based in Chennai. BSC 4 is in Hyderabad. BSC 6 & 7 are in Mumbai. BSC 8 is in Gurgaon (near Delhi).

[edit] Clients

Clients include global financial services institutions. The names cannot be revealed as per company policies. Please visit www.polaris.co.in.

[edit] Recognition

Polaris was recognized by the Smithsonian Institute in 1993 for creating the first ever banking solution on distributed architecture.^{[citation needed]}

Polaris has won for the second consecutive year Global Services 100 in the specialty applications development category ^[1]

Polaris' Intellect Treasury wins the The Banker Capital Markets Projects Award 2007 ^[2]