Polaris Software Lab Limited Company Profile - Aug 19, 2011 by WrightReports

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									Company Fundamentals\Company Profile

   A Wright Investors' Service Research Report:

   Polaris Software Lab Limited
                                                                                         440 Wheelers Farms Road
                                                                                         Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in Indian Rupees

                                 Wright Quality Rating:DAA18                                Key Data

   Polaris Software Lab Limited (Polaris), along with its subsidiaries and associates, is   Ticker:
   engaged in the business of information technology (IT) services and IT-enabled           532254
   services delivering customized software solutions and products in the domain of
   contemporary services which include banking and financial services. It operates in       2011 Sales:
   two segments: Banking and financial services and Emerging verticals. On May 10,
                                                                                            15,863,314,000
   2010, the Company acquired 51% interest in Indigo TX Software Private Limited
   (Indigo), a SAAS Software developer. On April 1, 2011. During the fiscal year ended
   March 31, 2011, Polaris acquired SFL Properties Private Ltd (SFL). Its subsidiaries      Major Industry:
   include Polaris Software Lab Pty Ltd, Polaris Software Lab Canada Inc, Polaris           Electronics
   Software Lab Ltd and Polaris Software Lab B.V.
                       Stock Chart                                Officers           Sub Industry:
                                                         Chairman, Chief Executive & Miscellaneous Electronics
                                                              Managing Director
                                                                  Arun Jain          Country:
                                                                                     India
                                                           Chief Operating Officer
                                                                Govind Singhal       Currency:
                                                                                            Indian Rupees
                                                          President & Chief Financial
                                                                    Officer
                                                                                            Fiscal Year Ends:
                                                                 R. R. Srikanth
                                                                                            March
                                                               Senior Vice President
                                                               Finance & Secretary          Employees
                                                                B. Muthusubramanian         10,974

                                                                                            Exchanges:
                                                                                            BOM

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