Arun Jain is bifurcating Polaris to make it a billion-dollar business
First the power cuts, then increased diesel price and now hike in property tax. These are turning out to be taxing times for IT companies in Chennai, reports CNBC-TV18‘s Swathi Narayanan.
In an interview to CNBC-TV18, Arun Jain, chairman & chief executive officer, Polaris gives the details of their divestment plan. The company that holds 85% stake in IdenTrust is divesting in the hope of investing into another portfolio which can be more revenue generating.
Madras High Court today stayed a SEBI order which had barred Polaris Financial Technology CMD Arun Jain from operating in securities market for a period of two years for alleged insider trading in the company's shares.
Securities and Exchange Board of India (SEBI) has barred Arun Jain of Polaris Financial Technology from capital markets for 2 years on insider trading charges, reports CNBC-TV18.
Market regulator Sebi today barred Polaris Software Labs's CMD Arun Jain from securities market for a period of two years for alleged insider trading in the company's shares.
Sebi today barred Polaris Software Labs's CMD Arun Jain from securities market for a period of two years for alleged insider trading in the company's shares.
In an interview to CNBC-TV18, Arun Jain, chairman and chief executive officer of Polaris says the company is looking at 17-19% growth this year. "We are on the right track for building a good EPS growth this year," he adds.
Arun Jain, chairman and chief executive officer, Polaris told CNBC-TV18 that the company is confident of achieving of FY13 guidance. "We are going with 17% rupee revenue growth, Rs 2,400 crore guidance and we are still confident that we can make it possible."
Financial Technology company Polaris Software Lab is aiming to generate revenue of USD 100 million in the next five years from their latest offering "FT-Grid" which was formally unveiled today.
Financial Technology company Polaris Software Lab is targeting a revenue of USD 100 million in the next five years from its latest offering FT-Grid, which was unveiled today.