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News : Polaris Plans to Sell its BPO Business
Chennai, India, Oct 29, 2015 -- Polaris Consulting & Services Ltd (Polaris) is planning to sell its BPO business. The company said it has decided to sell the business since it does not fit into its core business.
The BPO business currently employs around 1,000 people, of which 150 are in Guragon and Hyderabad and rest are in Chennai. It offers call centre support to telecom companies and banks.
"Polaris want to focus on its core business since we are niche in BFSI and we feel this business doesn't fit in our strategy so we decided to hive off," said Vaidyanathan.
The company has got an in-principle approval from the Board for hiving off the BPO business.
Posted by Veronica Silva Cusi, news correspondent
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About Polaris Consulting & Services Ltd (Polaris):
Polaris Consulting and Services Ltd is a provider of financial technology products, legacy modernization services and consulting for core banking, corporate banking, wealth & asset management and insurance.
Published: Friday, October 30, 2015