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Intellect Design Arena Ltd.

BSE: 538835 Sector: IT
NSE: INTELLECT ISIN Code: INE306R01017
BSE 00:00 | 04 Aug 160.55 -0.50
(-0.31%)
OPEN

163.00

HIGH

168.95

LOW

159.00

NSE 00:00 | 04 Aug 160.90 1.90
(1.19%)
OPEN

164.00

HIGH

166.95

LOW

159.15

OPEN 163.00
PREVIOUS CLOSE 161.05
VOLUME 36772
52-Week high 230.70
52-Week low 44.00
P/E
Mkt Cap.(Rs cr) 2,126
Buy Price 160.55
Buy Qty 100.00
Sell Price 161.80
Sell Qty 25.00
OPEN 163.00
CLOSE 161.05
VOLUME 36772
52-Week high 230.70
52-Week low 44.00
P/E
Mkt Cap.(Rs cr) 2,126
Buy Price 160.55
Buy Qty 100.00
Sell Price 161.80
Sell Qty 25.00

Intellect Design Arena Ltd. (INTELLECT) - Company History

Intellect Design Arena Limited (formerly known as Fin Tech Grid Limited) was incorporated under the provisions of the Companies Act 1956 in April 18th 2011 and has its registered office in Chennai. The Company has a comprehensive portfolio of products across Global Consumer Banking Central Banking Risk & Treasury Management Global Transaction Banking and Insurance and is engaged in the business of software development. The Company has 23 (13 direct and 10 step down) subsidiary companies and 3 Associate Companies for the financial year ended on March 31st 2018.On 18th March 2014 the Board of Polaris Consulting & Services Limited (then called Polaris Financial Technology Limited) approved a Scheme of Demerger through which its product business would get divested into its Company. The Scheme after receiving regulatory clearances and shareholders' endorsement was approved by the Madras High Court vide its Order dated 15th September 2014 with an effective date of 1st April 2014. The Company took necessary steps to give effect to the Order including allotment of shares and formation of a Board of Directors followed by listing in the National Stock Exchange and the Bombay Stock Exchange on 18th December 2014.During the year 2016 M/s Intellect Payments Limited and M/s Intellect India Limited have been incorporated as direct subsidiaries of Intellect Design Arena Limited.