# Arun Jain

Arun Jain (born 30 December 1959) is a Chennai-based Indian industrialist, investor, and philanthropist. He is the chairman and managing director of Intellect Design Arena Limited, an IT software products company in the banking, financial services, and insurance space, which is listed on the National Stock Exchange as Intellect. He was also the founder, Chairman, and CEO of Polaris Consulting and Services Ltd. (formerly known as Polaris Software Labs), an IT services company. On 4 March 2016, Virtusa Corporation acquired a majority stake in Polaris Consulting & Services Limited.
Arun has also been appointed the Chief Mentor of the Centre of Excellence for FinTech set up by the Ministry of Electronics & Information Technology (MeitY), Govt. of India, Member of the National Software Product Mission, a strategic forum for the implementation of National Policy on Software Products 2019 constituted by MeitY. He is a Governing Council Member of STPI and also a Member of the Advisory Council of TechNest, an incubation facility provided by STPI-Chennai. He has held and continues to hold, positions in CII, MMA, National Institute of Electronics and Information Technology (NIELIT), and the Indo-American Chamber of Commerce.

## Career

After his graduation, Arun interned with Wang Laboratories.
After his internship, Arun, along with some friends, started International Information Systems (IIS) in 1983 as a partnership firm. In 1986, IIS was renamed Nucleus Software Workshop Pvt. Ltd. At a professional level, his first major enterprise was the establishment of the Nucleus Software Workshop in 1986.
In 1993, he founded Polaris Software Lab with an initial capital of $250, which recorded a CAGR of over 100% during the seven-year period 1993–2000. Intellect Design Arena Ltd. is his fourth venture.

## Personal life

Arun was born in a middle-class family of nine siblings (eight sisters and an elder brother). His father was an Accounts officer in the Govt. of India's Postal & Telegraph (P&T) department. He completed his bachelor's degree in Electrical Engineering from Delhi College of Engineering (now known as Delhi Technological University).

## Ullas Trust: Encouraging Academic Excellence

Ullas Trust was started in 1997 by Arun Jain with an aim to integrate associates of Polaris, and later Intellect, with the larger community and enable them to enjoy the satisfaction of working with young minds in the country. Trust is a joint initiative of the employees and the organization.
The primary motive of Ullas is to recognise academic excellence in students from economically-challenged sections of our society and encourage a ‘can do’ spirit, for them to chase their dreams and aspirations.

## Awards and recognition

* Lifetime Achievement Award by the Confederation of Indian Industry (CII) at India's premier ICT Event, Connect 2016.
* Visionary of India 2014–15 Award, at the Brand Vision India 2020 Summit & Awards.
* Indo-ASEAN Business Initiative Award 2008 from the then Indian High Commissioner and currently India's External Affairs Minister, Dr. S. Jaishankar, at the ’Zak Salaam India’ expo in Singapore.
* ICICI Venture-CII Connect 2006 Awards along with Mr. Shiv Nadar, founder of HCL Technologies and Mr. Kumar Mahadeva, founder of Cognizant Technology Systems.
* Business Mentor Award 2019 – Vikatan Group.
* Dronacharya Award – TiECON Chennai – 2019.
* For the Sake of Honour Award – by Rotary – 2019.
* Lifetime Achievement Award at the 4th edition of the Design Thinking Conclave & Awards 2018.

## References/Notes and references

* ↑ Narasimhan, T. E. (19 November 2015). "How Arun Jain built his fortune with Polaris". Business Standard India. Retrieved 14 December 2019.
* ↑ "Virtusa Completes Acquisition of Majority Interest in Polaris Consulting". Business Standard India. 3 March 2016. Retrieved 5 March 2020.
* ↑ Chandrashekhar, Anandi (14 January 2019). "Ministry of Electronics & IT to set up a Centre of Excellence for FinTech at Chennai". The Economic Times. Retrieved 5 March 2020.
* ↑ "Information technology" (PDF). tn.gov.in. Retrieved 7 September 2023.
* ↑ "How Arun Jain built his fortune with Polaris". Rediff. Retrieved 5 March 2020.
* ↑ Simhan, TE Raja (8 May 2018). "Focussing on developing IT products for banks helps Intellect Design Arena cross ₹1,000-cr revenue". @businessline. Retrieved 5 March 2020.
* ↑ Sinha, Vipasha (5 October 2013). "Guiding students to a brighter future". The Hindu. ISSN 0971-751X. Retrieved 9 March 2020.
* ↑ "Intellect Design Arena Limited – Ullas Trust | Economic Times". The Economic Times. Retrieved 9 March 2020.
* ↑ "Confederation of Indian Industry (CII) honors Arun Jain with Lifetime Achievement Award". Business Line. 28 September 2016.
* ↑ Hariharan, Sindhu (21 April 2015). "Arun Jain receives Visionary of India award". The Times of India. TNN. Retrieved 5 March 2020.
* ↑ "'Zak Salaam India' expo ends on an encouraging note". The Hindu. 18 August 2008. ISSN 0971-751X. Retrieved 5 March 2020.
* ↑ "Men who made a mark in the ICT sector honoured". The Hindu. 9 September 2006. ISSN 0971-751X. Retrieved 5 March 2020.
* ↑ "M M Murugappan honoured with Lifetime Achievement award". Business Standard India. Press Trust of India. 6 December 2019.
* ↑ "MS Ananth conferred with Lifetime Achievement Award at TiECON Chennai 2019". 12 October 2019. Archived from the original on 12 October 2019.
* ↑ "Engagements for May 31, Friday". The Hindu. 31 May 2019. ISSN 0971-751X. Retrieved 5 March 2020.
* ↑ "@intellectdesignarena Instagram post (photo) Design Thinking. #DesignForDigital #PeopleWithBelief . . . . . . . . #IntellectDesignArena #Congratulations #chairman #ManagingDirector #Intellect #IntellectDesign #FT8012 #finTech #designthinking #problemsolving #extraordinarysolutions #likesforlikes #like4like #DesignThinkingConclaveAndAward2018 #PeopleWithBelief #believeinyourself #dailyquotes #quoteoftheday". gramho.com. Retrieved 5 March 2020.