Knowledge@SMU
Publication Type
Journal Article
Publication Date
3-2007
Abstract
In 1992, Rajesh Hukku, then head of Citicorp Overseas Software, spun off Citicorp Information Technology Industries Ltd. (CITIL), now called i-flex solutions, from the giant financial institution. Citi had decided that software wasn't its business, but invested $400,000 in the venture. In 2005, Oracle bought out Citicorp's 42% interest for $592 million, a humongous return on Citi's investment in just 13 years. In the first of a two-part interview with India Knowledge@Wharton, Hukku spoke about i-flex's start and strategy with Ravi Aron, a senior fellow at Wharton's Mack Center for Technological Innovation.
Disciplines
Business
Copyright Owner and Holder
Copyright © Singapore Management University 2012
Licece/Creative Commons Licence
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Article ID
1050
Subject(s)
Leadership and Change
Citation
Knowledge@SMU.
i-flex solutions' Rajesh Hukku: 'No One Dreamed That $400,000 Would Become Almost $600 Million in 13 Years'. (2007).
Available at: https://ink.library.smu.edu.sg/ksmu/265