Our Journey

To meet the higher expectations of global customers Polaris focuses on selected business domains. This is effective in achieving a high level business competence and an effective knowledge base. The organisation has evolved strategic business units and assigned them the responsibility of delivering effective software solutions to customers.

1998-99 | Read more

A landmark year for the organisation, as it graduated into one that is publicly–held. The transition from being a privately-held company to one whose ownership is spread among the investing public marks the crossing of the threshold - a coming of age. Therefore it is especially gratifying that the initial public offering (IPO) was oversubscribed more than 20 times.

1999-00 | Read more

Forbes ranked Polaris among the 300 Best Small Companies in the world. And a recent survey conducted by Businessworld Magazine ranks Polaris as the fastest growing software company in India and the second fastest growing company in the country. We have come this far by delivering a simple yet powerful advantage to clients: Accelerated time to Market.

2000-01 | Read more

We are committed to deliver ever increasing returns on technology investment to the customer, through our people, processes, and technology.

2001-02 | Read more

Polaris is at the threshold of the next wave of opportunity. It is poised strategically to move up the value chain, by decisively breaking into the high-end of the market, both in products and solutions. It has consciously built up the domain knowledge and technological capabilities necessary to engineer such world class products and solutions.

2002-03 | Read more

The organisation believes that it is on the threshold of the next growth phase, which will be based on building higher growth margins using the principle of Economics of Expertise. We are in the process of building a 'one-stop super mall' for financial industry solutions.

2003-04 | Read more

The 1996 Lakshya gave the organisation two goals: to be among the Top 10 IT organizations from India and to be an expert niche player serving global customers on the basis of quality and relationships. A decade later, the organisation serves the largest financial institutions in the world in Asia Pacific, Europe, and the US. Last year, NASSCOM ranked the company amongst the Top 10 software exporters from India; it has reached this far because of its belief, ‘If you can dream it, you can do it!’

2004-05 | Read more

Industry Analysts have forecast that in the next 5 years, a significant chunk of the IT spend by Global Banks will be around modernisation of IT infrastructure. The growing needs of modernisation are already being felt by large banks that have pioneered technology automation in the 70’s & 80’s. Polaris is well positioned to serve these global banks using Progressive Modernisation, which is a non-disruptive ‘Platform Refresh’ for Multi-National Banks. We also have a phenomenal value proposition for our customers by implementing SECURE & AGILE solutions with distinct IP advantage.

2005-06 | Read more

The proof of a company value is the ‘pedigree’ of its customers. The organization has developed a customer connect by providing a service mix of consulting, products and outsourcing to global Leaders in banking, financial services and insurance space, who trust the company with their mission critical applications. The business plan for the next year is around 70 customer relationships. This customer base has an aggregated IT budget of over $ 50 Billion. A sizeable portion of this has been allocated for modernization of the IT infrastructure and specialized solutions for sub verticals within the banking domain. As the organization has painstakingly built a robust business model in the last 4 years around Non-disruptive Modernization, Super Specialty and Next-Generation banking products, it is well positioned to leverage the big canvas of opportunity.

2006-07 | Read more

By this period, the company owns the largest suite of financial application platforms ranging from Credit Cards, Universal Banking, Wealth Management, Integrated Lending, Cash & Liquidity Management, Risk and Treasury, Investors Services and a Unified Portal Platform. Thus, The ability to 'lead the space' is emerging better with each of the light house (or Tier 1) implementations. During the year, National Bank of Abu Dhabi, the 2nd largest bank in the Middle East, went live on Intellect Consumer Banking Platform. Similarly the largest private sector bank in India, ICICI Bank, went live on Intellect Wealth Management platform. In addition, several International and Indian banks have chosen Intellect as their platform of choice during the year.

2007-08 | Read more

The company achieved gross revenues of Rs. 1378 crore, a growth of 25% over last year. The growth framework was significantly simplified by focusing on four growth engines - Account Expansion, Product (Intellect) Penetration, Country Expansion and the Insurance business. Significant improvements were made in Operating Margins and Profits, as the company sharply focused on leveraging the investments it had made in the past. For simplified execution, the mantra was to stay focused on delivering ‘On Time and In Full’(OTIF) on our projects.

2008-09 | Read more

This year marked the coming of age of the strategy to establish the organization as a leader in the Financial Technology space and thus, today finds itself in the consideration set of the world’s leading banks, and is increasingly being invited to the table for key technology decisions.During the year over 50 new customers chose Intellect™ as their technology platform from needs as diverse as customer responsiveness to risk mitigation. Cumulatively, Intellect™ powers 200 customers across the world!

2009-10 | Read more

The organization continued to build on strong partnerships with existing customers, and began a transformational journey with new customers. Nine of the top 10 banks and 7 of the top 10 insurance companies from around the world rely on us for business application efficiency solutions. We were featured in an astounding 43 reports from leading analysts that include Gartner, Forrester, Tower, Aite, Celent, among others. This number is testimony to the breadth of our offerings as our competitors’ whose limited offerings were featured in less than 20 such reports.

2010-11 | Read more

Continued investments being made by the Financial Institutions in keeping legacy architecture up and running have significantly increased inefficiency, what we call sticky tape technologies. Rampant innovation, without tight roadmaps have increased complexity in the Banking world. This is exactly the sweet spot for the company to make a profound impact on business efficiency. Therefore the single mantra is COMPLEXITY REDUCTION. There is a huge opportunity available in the market to simplify complex systems and drive unmatched operational productivity, by deploying technologies carved by FT Research.

2011-12 | Read more

Collaborative design thinking is required to attack the rampant complexity in the financial services business and devise viable solutions to the most forbidding challenges. 8012 FT Design Center is the world’s first financial technology design facility, specially created to uniquely connect business, technology and operations, and engineer solutions that drive unprecedented value. Customer conversations at the first such center on the IT Highway, Chennai, India have begun. Workshop sessions are being scheduled. This is where transformation agendas will be discussed from ideation through custom modelling and deployment. The Design Centre has already earned critical acclaim from customers, analysts and industry media. With four design patents for 8012 FT Design Center and 11 patents filed for transformative technologies that can be experienced at the facility, this is where Financial Technology Design Immersion will pay rich dividends.

2012-13 | Read more

The recently announced de-merger of the Products business was a culmination of a series of carefully planned events that ensured the organisation was completely ready to hit the ground running in both Services and Products businesses. The resurgent spirit of entrepreneurship is clearly evident in the leadership teams across independent and empowered lines of business. Within each line of business are several specialist offerings, with the individual potential to be jewels in their own right. In the story of evolution sometimes generational leaps are observed. This could well be such a pivotal year in our journey.

2013-14 | Read more