Is intellect and Polaris same?

Intellect Design Arena, is a Polaris Group company, a global leader in Financial Technology for Banking, Insurance and other Financial Services.

Is intellect design arena is MNC?

Intellect Design Arena Ltd., a financial software technology products company, will be focusing on two areas – industrialisation and monetisation – as part of its efforts to become an Indian multinational in fintech products, said a top official.

What does intellect design do?

Who we are. Intellect Design Arena creates financial technologies that help banks lead businesses on the path to growth and success. Our solutions help move the banking world forward; because that’s what happens when the world knows it has financial institutions they can rely on.

Is intellect design a product company?

PUNE: Intellect Design Arena, which creates software primarily for the financial services industry, will now sell a component of its platform as a standalone product. This is expected to help cater to companies outside its core banking, financial services and insurance (BFSI) space.

What happened Polaris Software?

So, Polaris Sofware Lab was split into two companies. Intellect Design Arena was incorporated to house the products business in the banking and insurance space while the software services stayed with Polaris Software Lab which was then renamed Polaris Consulting and Services Ltd.

Who bought Polaris Software?

Virtusa Corp of US buys 53\% stake in Polaris for ₹1,173 cr Virtusa Corporation of the US will acquire 53 per cent of Polaris Consulting and Services from promoter entities led by Arun Jain and other shareholders, including Orbitech. It will pay a consideration of ₹220.73 per share, aggregating to around ₹1,173 crore.

How many people are currently working at Intellect design arena?

Company Description: INTELLECT DESIGN ARENA LIMITED is located in Chennai, Tamil Nadu, India and is part of the Software Publishers Industry. INTELLECT DESIGN ARENA LIMITED has 4,260 total employees across all of its locations and generates $206.71 million in sales (USD).

What does intellect design arena Ltd do?

Intellect Design Arena is a global leader in Financial Technology for Banking, Insurance and other Financial Services. A uniquely focused Products business, Intellect addresses the needs of financial institutions in varying stages of technology adoption.

Is intellect a product based or service based?

Intellect Design Arena speeds data analysis with AWS. In 2014 Polaris Consulting Services demerged itself into two new entities: a services company, and a product company focused on software as a service (SaaS) and enterprise products for banking and insurance, which became Intellect Design Arena.

What is Intellect SEEC?

Intellect SEEC is an exponential Insurtech company tackling the biggest challenges for insurance with contemporary technologies like Big Data, AI and ML. We are a proven leader in Data First Strategy for Commercial Insurance.

What is the new name of Polaris Software?

-Company has changed its name from Polaris Software Lab Ltd. to Polaris Financial Technology Ltd. – National Bank for Agriculture and Rural Development (NABARD) has selected Polaris Financial Technology Ltd as its new centralized loan management and accounting system (CLMAS).

What kind of company is intellect design arena?

About Intellect Design Intellect Design Arena Ltd., incorporated in the year 2011, is a Small Cap company (having a market cap of Rs 8,646.52 Crore) operating in IT Software sector. Intellect Design Arena Ltd. key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2021.

What is the average intraday gain for intellect design arena?

Intellect Design Arena In the last 6 years, only 5.52 \% trading sessions saw intraday gains higher than 5 \% . Company delivered ROE of 18.86\% in year ending Mar 31, 2021 outperforming its 5 year avg. of 8.94\%. (Source: Consolidated Financials)

Why work with intellect?

Our solutions help move the banking world forward; because that’s what happens when the world knows it has financial institutions they can rely on. This is the philosophy that we, at Intellect follow, and is our commitment to our customers’ success.