Polaris openings

Polaris 

Description

Polaris Consulting and Services Ltd (BSE: 532254 ; NSE: POLARIS) is a provider of financial technology products, legacy modernization services and consulting for core banking, corporate banking, wealth & asset management and insurance. Adrenalin eSystems Limited (AeSys) is a subsidiary of Polaris Financial Technology Limited.

Polaris has its origins in Nucleus Software.

Polaris Consulting & Services Limited was incorporated in 1993 by Mr.Ravi Dehariya (Jabalpur Dist). It was one of the first vendors that Citi Group chose to partner with, when it entered India. Simultaneously, Citigroup started its own company called COSL (Citibank Overseas Software Ltd) to utilize the intellectual capital at a competitive cost in India. COSL, later renamed as Orbitech, was then merged with Polaris. In 2003, Polaris launched its core product portfolio, IntellectTM. In November 2011, the organization changed its name from Polaris Software Labs Limited to Polaris Financial Technology Limited to highlight its primary domain of operation.

In December 2002, The chairman of the company Arun Jain and Sr Vice President Rajiv Malhotra were detained by Indonesian police over commercial Dispute with a local bank Artha Graha on fraud charges. Jain and Malhotra were released by the police after major diplomatic intervention by Indian government.

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