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COSL was the brain child of Mr. Ravi Apte, who convinced Citicorp, while working for Citibank, to start COSL as the offshore captive.
Many of the executive management of i-Flex, including Rajesh Hukku, R.Ravisankar and NRK Raman were at COSL and moved to CITIL when it was formed.
Coming of age for i-flex
CITIL started off with the universal banking product MicroBanker (which became hugely successful in Africa and other developing regions over the next 3-4 years) and the retail banking product Finware. In the mid-90s, CITIL developed FLEXCUBE at its Bangalore development center after a significant development effort spanning more than 18 months...
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