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Polaris to roll out new retail product 'Retail Excel'

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CIOL Bureau
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Rahul Gupta

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MUMBAI: Polaris Retail Infotech Ltd. (PRIL), a wholly owned subsidiary of

Chennai based Polaris Software labs is all set to launch its new generation

application suite 'Retail Excel' for global retail industry.

Targeted at large format retail outlets, the company will launch this product

in two phases. In the first phase it will leverage a new construction and

architecting technology methodology 'Coffet', which ushers in a totally new

approach to technology in retail business. This phase will be launched this

month while the second phase of the product will be launched in November wherein

some new features will be added to the product.

The company will launch this product in India, Australia, Middle East and

South East Asia in the first phase. The price of the product ranges from Rs 10

lakh to Rs 70 lakh. The company is expecting a revenue of around $ 5 million in

first year and around $ 50 million in the next five years. It is also eyeing

around 20 percent market share in this segment this year.

Polaris Retail director and head of business, Nat Narayanasamy said,

"With the retail industry witnessing astounding growth rates in mature

economies, like North America and Europe, along with specific pockets in the

Asia pacific region, there is a greater need for cost-effective, comprehensive

and simple retail solutions that can help fuel growth and facilitate market

leadership."

Retail Excel is a new generation retail business application suite that

understands the needs of the retail industry and addresses them in a simple,

easy-to-use format that makes it a user's delight.

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