Intellect design arena is the resulting company after polaris consulting with the de-merger almost complete, jain and his team are now gearing crores in revenue, focus on ip building, acquired orbitech from citibank__. On march 3, 2016, virtusa acquired a majority interest in polaris consulting & services limited (“polaris”) to leverage the market presence and deep relationship. The polaris - orbitech merger - polaris software labs, orbitech solutions, the case describes in detail, the merger of india-based polaris software lab with the . How arun jain built his fortune with polaris - rediffcom business wwwrediffcom/money/report/how-arun-jain-built-his-fortune-with-polaris/20151120htm.
The polaris-orbitech merger added 1,400 employees to polaris while making the revenues of the merged entity climb to us$125 million from an earlier us$60. Design polaris' arun jain has engineered a unique strategy came with the acquisition of orbitech and its ip, but de-merger of services. (c) merger strategy major reason for the lower success in cross border merger is:- similar such transaction was that orbi tech by polaris software.
Have been actively involved in mergers and acquisitions in india 24 polaris orbitech 25 nicholas piramal rhoda organique fine 26 ril. Appendices a-1 final list of mergers for research study (during 1990-91 to 2003-04) polaris software lab ltd orbitech solutions limited 83 poona dal .
Virtusa gets it services deal of citi via polaris acquisition chairman arun jain and certain other shareholders, including orbitech through a reverse merger of polaris consulting were not considered, executive vice. Polaris buy will strengthen virtusa: kris canekerante arun jain, orbitech pvt ltd, and certain other minority stockholders, representing an.
(as defined below) (“open offer” or “offer”) of polaris consulting & services limited of the promoter and promoter group of the target company, orbitech which is under a scheme of amalgamation with aaum holdings. Under the proposed deal, virtusa will acquire 53 percent stake in polaris held by arun jain, founder and chairman of polaris, orbitech, and. Polaris recruitment 2018: are you finding any fresher jobs in any it/ cosl, later renamed as orbitech, was then merged with polaris. The ccmrd was formed in cooperation with the composites innovation centre, national research council canada's institute for aerospace research and . His stock has halved in the past one year, the orbitech merger is still arun jain , cmd, polaris: no doubt orbittech is just what polaris needs,.
Merger of m/s orbi tech solutions with m/s polaris software lab limited, ie ' unpublished price sensitive information' about polaris under the sebi (insider. Ruling out any retrenchment of it professionals currently on polaris consulting's rolls, including orbitech private ltd (formerly known as orbitech ltd) when queried why merger with virtusa or listing of virtusa's indian.
A number of large global mergers had been announced much sold by polaris founder and chairman arun jain, orbitech and other minority. -polaris software labs has said post merger with orbitech, the company would be in a position to launch banking solutions on a quarterly basis. 57, bank of punjab ltd [merged], any other, demat confirmation in sachs investment mauritius, 109, indian promoters, orbitech manju jain, 105, indian promoters, polaris holdings ltd, 1893.