It was on 24th July 1993, when we started Polaris Software Labs from a small office at Carex Center, Chennai. We were a very small outfit with a small capital of Rs. 10,000/- (USD 200) but with large dreams of contributing in small focussed ways in FinTech space. Polaris/Intellect got its public listing within 6 years of its inception in August 1999. In 2002, Citicorp Overseas Software Ltd (Orbitech) merged with Polaris and strengthened our foot print. Lasersoft, Indigo TX, SEEC further made Polaris a dominant specialised player in the FinTech space. Ullas Trust is another important initiative which worked with young achievers since 1997 by all of us. In 2014, we decided to rebrand the core part of our business as Intellect Design Arena Ltd. and let go of Polaris’ services business.
Today, we are celebrating the 25th anniversary of Polaris/Intellect. I must thank and congratulate all the Polarites who contributed to building an institution of eminence in the FinTech space.
Happy Foundation Day!
