State: NEW SOUTH WALES
Sector: INFORMATION TECHNOLOGY
POLARIS – SOFTWARE TROUBLE SHOOTERS
Polaris Software, one of India’s largest IT companies, commenced operations in Australia in 1997, 14 years after being founded in Delhi. Polaris’ initial entrée into the Australian software market was through its link with Citibank. Polaris provided Citibank software when it first introduced ATMs to India and today services Citigroup in six continents. The company’s international business has grown to the point where its current annual revenue is derived equally from three major regions: Asia Pacific, United States and Europe and others.
Polaris’ main Asian offices are in Sydney, Tokyo and Singapore. From 1997 to 2000, Polaris focused on introducing the Australian market to international-standard Indian software and solutions, by providing a range of software services to various Australian and multinational clients working out of Australia.
Since 2000, Polaris has developed more complex interactions with Australian firms and IT specific products for them. The company is considering establishing a development centre in Australia similar to facilities it has in India. In these development centres, Polaris develops ‘mission critical’ application software and provides high quality IT solutions to several multinational clients.
Source: Polaris Software, 2001.