Rajesh Hukku

Banking on IP



When his brethren in the IT industry were clamoring for servicing contracts,
Rajesh Hukku decided to take the less beaten track of product development. As

another TCS engineer in the 80s, the US success of one software product he

worked on provided the trigger. It was then that Hukku decided he would rather

have his products work for him, than he working for others. 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. He convinced

Citibank to provide the seed fund, and thus COSL was born, later gaining fame as

i-Flex. Hukku's deftness was evident from his initial forays into virgin

markets in Africa and Middle East. Today, Oracle has bought over Citigroup's

stake but Hukku is firmly in the driving seat.