2000
 
 - A stock split in the ratio of 2:1 i.e. a sub-division of every
 equity
 share of the company, face value of Rs. 10/- into two equity shares
 of
 Rs. 5/- each.
 
 - The Company has signed MoU with New Jersey based DATA Inc.
 (www.dataincusa.com) for strategic acquisition.
 
 - The Company has joined the select group of software majors
 including
 TCS, PentaMedia and Ramco Systems, to establish a state-of-the -art
 software development facility near Chennai.
 
 - The Company has signed an MoU with New Jersey-based Data Inc., for
 a
 strategic acquisition.
  
 - Switzerland has invited India's Polaris Software Lab Ltd. to set up
 a
 wholly owned subsidiary in the country to provide solutions for
 Swiss
 banks as well as for Europe's financial services and insurance
 industry.
 
 - Polaris Software Lab Ltd, the Rs 160-crore Chennai-based software
 company, has in a sudden move called off the -million acquisition
 of
 Data Inc, USA.
 
 - The Chennai-based Polaris Software Lab Ltd. has set up a facility
 for
 research on technologies of the Internet age.
 
 - Polaris Software Lab Ltd. has launched its suite of banking
 software
 products under the BankWare brand name.
 
 - The Company has launched their newest offering, BankWare, a unit
 that
 would out banking products to address the new and emerging
 technology
 needs of banks.
 
 2001
 
 - The shareholders of Polaris Software Lab Ltd. will get a bonus of
 one
 share for every two shares held, and a dividend of 30 per cent for
 fiscal 2000-2001.
 
 2002
 
 - High Court of Madras approves merger of Tiptop Holdings with
 Polaris
 Software.
 
 -Polaris Software Lab Ltd on March 22, 2002 announced that it had
 entered into strategic partnerships with two billion dollar clients
 that are among the leaders in their respective industries.
 
 -Polaris Software Lab Ltd on July 10, 2002 announced that Mr V
 Balaraman has been inducted onto the Board of Polaris Software Lab.
 
 -Polaris Software Lab, has identified the inherent potential with the
 IT related services industry and specifically within the BPO space. We
 are ready with a detailed strategy for the launch of Optimus, a
 venture that will be a 100% subsidiary of Polaris. Optimus will be
 powered by new age management, a responsibility that we entrusted to
 Harpal Dugal, who joined us from Stanchart and will be CEO- Optimus,
 along with Suren Khirwadkar, who joined us from Citi, as Executive
 Director- Optimus.
 
 2003
 
 -Polaris Software has been the major loser in the stock market which
 was mainly due to
 the selling pressure
 
 -The bottomline of Polaris Software has declined by 34% due to the
 recent Indonesian
 Safari.
 
 -Polaris Software tied up with Deutsche Leasing group for the purpose
 of finding
 product based solutions.
 
 -Polaris Software initiates arbitration against Bank Artha Graha,
 Indonesia over the 
 commercial dispute involving .3 million alleging failed delivery of
 contractual obligations.
 
 -Company issues 690 equity shares of Rs.5 each under the Employee
 Stock Option Scheme
 to the Lal, Rajput and Parthiban, NRI employees.
 
 -Polaris Software Labs has said post merger with Orbitech, the
 company would be in a position
 to launch banking solutions on a quarterly basis.
 
 -Nat Narayanaswamy of Polaris Software Ltd, who worked as the
 director of the Polaris
 Retail Infotech and Senior vice President, strategic alliances has
 submitted his resignation
 to the company.
 
 -Polaris Software Labs would take over the software work that
 Orbitech solutions had 
 sub-contracted to Kale consultants prior to Orbitech's merger with
 Polaris.
 
 -Polaris Software Ltd has won the Banker Technology Award 2003 in a
 Multi Channel Integration for its Orbi One Direct Product. 
 
 -Polaris, iflex and Infosys have recorded the fastest topline growth
 among software companies.
 
 -Polaris Software Ltd has announced the successful deployment of
 NEC's Global Banking System product at the Yachiyo Bank, Japan.
 
 -Polaris - Change in Management
 Resignation of Mr.G.N Mathur, Mr.M.L. Garg and Mr.Ajay Relan,
 directors
 Appointment of Mr.Ram Bhagwat, Mr Ajit Bhushan, Mr Dipak Kumar
 Rastogi and 
 Mr.Venkatachalam Krishnakumar as additional directors.
 
 -Ram Bhagwat and Govind Singhal were appointed as the whole time
 Directors
 
 - Allotment of 7955 equity shares of Rs 5 each to employees/Directors
 of the company pursuant to the conversion of Stock Options issued and
 exercised by the employees under the Associate Stock Option Plan.
 
 2004
 
 -Polaris Software Lab Ltd has informed that the Shareholders
 Committee of the Board of Directors of the company has allotted new
 1,82,733 & 51,080 equity shares to its employees under Associate
 Stock Option Plan 2001 & 2000 respectively.
 
 -The Mother Teresa Award for Corporate Citizen 2003 instituted by the
 Loyola Institute of Business Administration (LIBA) was conferred on
 Polaris Software Labs Ltd and the commendation award to Larsen and
 Toubro Ltd.
 
 -Polaris Software Lab Ltd unveils 'Intellect Suite'- a modern
 enterprise platform for financial services institutions
 
 - Polaris Software Lab appraised at CMMI Maturity Level 3 for
 Software engineering
 
 -CTG & Polaris partner to provide outsourcing solutions to Financial
 Services Industry
 
 2005
 
 -Polaris Software unveils 'CollectNet' solution.
 
 -Polaris Software signs up Lloyds TSB, one of the most prestigious
 high street banks in UK for Intellect Suite.
 
 2006
 
 -Polaris Software appoints new CFO
 
 -Polaris Software Lab Ltd rolled out an integrated branch renewal
 platform, based on Services Oriented Architecture (SOA) technology
 for US markets. Intellect Front Office was unveiled in Las Vegas at
 the BAI Retail Delivery Conference & Expo.
 
 2007
 
 - Polaris Launches its Super Specialty center for Risk & Treasury
 Solution.
 
 - Polaris Software Lab Ltd has announced that the Company has
 launched a Nearshore Application Development Centre and a Global
 Performance Engineering & Certification Lab in Mississauga, Ontario.
 
 - Polaris Software Lab Ltd has informed that the Company and Ementor
 Denmark A/S have entered into a partnership agreement to offer
 joint-value propositions and deliver globally recognized IT solutions
 tailor-made to the Nordic market needs.
 
 
 2008
 
 -Polaris Software Lab has appointed Mr. R. Srikanth as the Compliance
 Officer of the Company by the Board of Directors at the meeting held
 on January 23, 2008 with effect from January 01, 2008.
 
 -Polaris Software Lab Ltd has appointed Mr. Arup Gupta, as an
 Executive Director, effective July 17, 2008 subject to the regulatory
 proceedings.
 
 2010
 
 - Polaris Software Lab, a financial technology company, has acquired
 IndigoTX, a SaaS (software as a service) company that provides GO TX,
 an enterprise brokerage solution for the securities market on a pay
 per use model.Polaris.
 
 - Polaris Software Lab, in order to implement Core Banking Solutions
 in all its 22 District Central Cooperative Banks spread across the
 state, Laser Soft, its group firm, has received a project from Andhra
 Pradesh State Cooperative Bank (APCOB).