i-Flex Solutions

IIPM PUBLICATION

Chairman & MD: Rajesh Hukku
Business without software aides today is unthinkable. And i-Flex is a leader in these aides . With an employee strength of 7,100 and 14 development centres across the globe, the company headed by Rajesh Hukku, is a well sought after brand in the segments it operates in. Due to its close affinity to global majors like HP, IBM, Intel, Microsoft and Oracle, i-Flex has an enviable client base of 660 customers spread across 120 countries. States Rajesh Hukku, “i-Flex through its vision and innovative thinking has become the largest product software company in India and among the first to establish itself as a global brand.”

Apart
from its consultancy business which hovers around business transformation, programme management, IT architecture and strategy, among others, the company is engaged with one of the most prolific portfolios. This includes Flexcube – a complete banking product suite; Daybreak – a comprehensive consumer lending system; as well as Reveleus – an analytical applications suite for technical financial services such as risk management. These are just some of the revolutionary products i-Flex offers to its partners. The company operates through five subsidiaries, including those in USA, Singapore and Netherlands. In India, i-flex has established a fully owned subsidiary-Equinox Corporation, which provides innovative and cost effective customer acquisitions and knowledge process outsourcing services to leading companies worldwide. If statistics are allowed to do the talking, then it gets better. In 2005-06, net income of the company was Rs.2376.5 million, almost Rs.50 million over last year. The company has been riding high on a robust EPS (earning per share) of Rs.31.15, which has shown a consistent growth for the past five years. Going with the prevailing conditions there are big expectations from the company. i-Flex has played its part in making global business effective, and of course, more efficient.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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