Olsen India was registered on July 5 as a Private Limited company with major holding by Olsen. The company directors are Dr. Richard Olsen (Swiss national) and Dr. Rakhal Dave (Indian national).

The first customer of Olsen India is an Olsen company by the name of RiskEye, based in Zurich. The core product of this company is a financial market simulation and portfolio optimisation system which it supplies to large banks and investment houses.