| Banking on IP |
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When his brethren in the IT industry were clamoring for servicing contracts, Rajesh Hukku decided to take the less beaten track of product development.
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As another TCS engineer in the 80s, the US success of one software product he worked on provided the trigger.
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In 1992, Hukku, then working for Citibank, decided to spin off a new venture around the bank's in-house Microbanker core banking product developed in India. |
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Convinced Citibank to provide the seed fund, and thus COSL was born, later gaining fame as i-Flex.
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Hukku's deftness was evident from his initial forays into virgin markets in Africa and Middle East. |
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Today, Oracle has bought over Citigroup's stake but Hukku is firmly in the driving seat. |
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Courtesy :  |
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