The Hindu Business Line : Polaris fine-tunes strategy — Hyderabad centre to focus on treasury, securitisation

The Chennai-based financial sector solutions provider is investing about Rs 25 crore in the Hyderabad techno-campus scheduled to be completed by the end of the next fiscal.

The Senior Vice-President of Polaris Software, Mr Kedarnath Udiyavar, told Business Line that the banking and financial services industry had dramatically changed over the years calling for super and sub specialisation.

This calls for what "we describe as sub-vertical focus, covering areas such as financial security, brokerages, securitisation and risk management. The Hyderabad centre would focus on new sub-verticals such as treasury and securitisation among others."

Mr Udiyavar said that most of the regulatory clearances had been completed and work on the seven-acre techno campus project, with a built up space of 1,50,000 sq. ft., would commence shortly.

The company currently operates out of two leased centres in Hyderabad and the new centre with a capacity to host about 1,000 techies would be its first fully owned. The decision to relocate to the new campus or to continue operations in the existing centres has not yet been finalised, he said.

"Within development centres in the country, the business is focussed on verticals. Consequent on the merger with OrbiTech early last year, the company's business strategy was redrawn with each of these centres focussing on distinct areas within the financial services industry. This meant that the Hyderabad operations would lay special focus on new sub verticals. Since these solutions are modular in nature, when a large corporation requires a suite of solutions, our competencies from all of these centres are leveraged," he explained.