Polaris Consulting & Services Limited t/a VirtusaPolaris (part of Virtusa Corporation)

Polaris Consulting & Services Limited, ormerly Polaris FT, is a provider of financial technology products, legacy modernization services and consulting for core banking, corporate banking, wealth & asset management and insurance. Virtusa is the market facing brand of Virtusa Corporation and Polaris Consulting & Services Limited.

Polaris Consulting & Services Limited was incorporated in 1993 by Mr.Ravi Dehariya (Jabalpur Dist). It was one of the first vendors that Citi Group chose to partner with, when it entered India. Simultaneously, Citigroup started its own company called COSL (Citibank Overseas Software Ltd) to utilize the intellectual capital at a competitive cost in India. COSL, later renamed as Orbitech, was then merged with Polaris. In 2003, Polaris launched its core product portfolio, IntellectTM. In November 2011, the organization changed its name from Polaris Software Labs Limited to Polaris Financial Technology Limited to highlight its primary domain of operation.[8]

On March 3, 2016, Virtusa Corporation acquired a majority stake in Polaris Consulting & Services Limited. VirtusaPolaris is the market facing brand of Virtusa Corporation and Polaris Consulting & Services Limited. [9]