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Indian Industry

Polaris Software Lab Ltd

Polaris was incorporated in 1993. It is the world's first CMMI (Capability Maturity Model Integration) Level 5 certified company.

Corporate Headquarters: Chennai, India
Chairman and CEO: Arun Jain
President and Chief Operating Officer: Arup Gupta
US Headquarters: New Jersey/Fremont, CA
Total Revenue: Rs. 7871.23 Million
Net Profit After Taxes: Rs. 580.40 Million
Earnings Per Share (Rs. 5): Rs. 5.93
Total Fixed Assets: Rs. 2162.63 Million
Cash and Cash Equivalents: Rs. 803.54 Million
Facts:

. It is ranked 11th in the top Indian software exporters list.
. It has 20 years of experience in Banking, Financial Services & Insurance.
. It has over 7000 associates.
. Polaris has a Compound Annual Growth Rate (CAGR) of over 70%. It is the highest among all IT organizations in India.
. Polaris has more than 750 domain experts.

Products and Solutions: Retail Banking, Corporate Banking, Investment Banking, Credit Cards, Insurance, Enterprise Solutions, BPO.

Quarterly Results (Rs. in Millions) Dec 2006(3 rd quarter):

Sales Turnover

2401.68

Other Income

53.18

Total Income

2454.86

Total Expenditure

2004.9

Operating Profit

449.97

Interest

1.29

Gross Profit

448.68

Depreciation

111.36

Tax

43.56

Reported PAT (Profit after tax)

293.76


(From Economic Times)


Contact Address:

Corporate Headquarters
Polaris Software Lab Ltd
'Foundation', 34, IT Highway
Chennai-603 103, INDIA
Phone: 91-44-2743 5001
Fax: 91-44-2743 5166

Polaris Website: http://www.polaris.co.in


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