Oracle Financial Services Software Limited is an IT solution provider to the banking industry. Oracle Financial Services is majority owned by Oracle Corporation. It claims to have more than 900 customers in over 135 countries. Oracle Financial Services Software Limited is ranked No. 9 in IT companies of India and overall ranked No. 253 in Fortune India 500 list in 2011. Oracle Financial Software Limited in Citicorp , wholly owned subsidiary called Citicorp Overseas Software Ltd. in 1991. Mr. Ravi Apte carved out a separate company Citicorp Information Technologies Industries Ltd. out of... COSL and named Mr. Rajesh Hukku to head CITIL. While COSL's mandate was to serve Citicorp’s internal needs globally and be a cost center, CITIL's mandate was to be profitable by serving not only Citicorp but the whole global financial software market. 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 Oracle Financial Services, including Rajesh Hukku, R.
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