Oracle Financial Services Software Ltd
NSE: OFSS BSE: 532466
₹9677
-166 (1.69%)
Wed, 28 Oct 2026, 09:17 pm
Market Cap (in Cr)84030.36
PE Ratio23.70
Dividend4.15
Technology Services
Packaged Software
24.5KOracle Financial Services Software Ltd Company History
1989
- Incorporated on September 27 as Citicorp Information Technology Industries Ltd. (CITIL).
2000
- Renamed to i-flex Solutions Limited on March 30.
2001
- Announced FLEXCUBE implementation for TEBA Bank, South Africa.
2002
- Entered joint venture with EBZ Online for Flexcube to cooperative banks.
- Dotex International signed MoU with BgSE Financials for Internet trading.
- ChryosAS@P Services implemented Flexcube@Broker for Euronext.
- Selected by NDB Bank, Colombo for Flexcube products.
- IPO: 3,961,700 shares at floor Rs 530, raised Rs 220 crore.
- Made trading debut on BSE.
- Aptech teamed up for FLEXCUBE training.
- FLEXCUBE Investor Services went live at Shinsei Bank, Japan.
- Bagged 2 contracts from Egyptian banks.
- Selected by Bank-verlag Koln for Basel II system.
- Signed with Bank du Caire, Egypt for FLEXCUBE.
- i-flex and IBM won Bharat Overseas Bank project.
- NCDST, USA selected FLEXCUBE.
- Launched Reveleus Business Intelligence & Analytics Division.
- Announced global alliance with HP.
- IMF selected FLEXCUBE.
- Interfin Merchant Bank, Zimbabwe went live with FLEXCUBE modules.
- First Indian software company certified SAS 70.
- Voted Best Newly Listed Company in India.
- Opened Overseas Software Development Center in Singapore.
- Hebros Bank, Bulgaria selected FLEXCUBE.
- Banking and Payments Authority of Kosovo selected FLEXCUBE.
2003
- Antwerp Diamond Bank, Mumbai went live on FLEXCUBE.
- FLEXCUBE Payment Systems went live at United Bank for Africa, Nigeria.
- Bagged $200-mn contract from Citigroup.
- Flexcube CLAS System went live at UBS Warburg, London.
- First Banking Corporation of Zimbabwe selected Flexcube.
- FLEXCUBE ranked world's No.1 Universal Banking Solution.
- IMF selected Reveleus for data management.
- Set up development centre in New York.
- IC Bank Rt., Budapest selected i-flex solutions.
- FLEXCUBE selected for Kotak Mahindra Bank.
- Ranked No.1 pure Web-based cash management by Celent.
- Straight Through Processing Inc. implemented FLEXCUBE for Caribbean banks.
- InvestBank, UAE selected Flexcube.
- Won order from HypoVereinsbank Group, Germany.
- Baiduri Bank, Brunei chose Flexcube.
- ACCBank, Ireland selected FLEXCUBE.
- Egyptian American Bank selected FLEXCUBE.
- Board approved 1:1 Bonus issue and allotted shares.
- Bagged order from Juniper Bank.
- Inaugurated FLEXCUBE Support & PrimeSourcing Centre in London.
- Dhanlaxmi Bank selected Flexcube.
- Exhibited at Sibos 2003.
- Asia Fund Services selected Flexcube.
- Approved acquisition of SuperSolutions Corporation for $11.5 million.
- Abu Dhabi Commercial Bank signed for FLEXCUBE.
2004
- Opened wholly-owned i-flex America holding company in US.
- Awarded Golden Peacock National Quality Award.
- FLEXCUBE demonstrated record scalability.
- Tied up with FirstCaribbean International Bank for Flexcube.
- Flexcube won The Banker awards.
- Banco de Chile selected i-flex software for core retail banking.
- Nippon Shinko implemented Flexcube.
- Signed Global Strategic MoU with YES Bank.
- Reveleus signed up North American mortgage leaders.
- Joined hands with PeopleSoft for integrated banking solution.
2005
- Signed agreement with Ta Chong Bank, Taiwan for FLEXCUBE and Reveleus.
- Entered strategic alliance with Castek Software Inc.
- Entered agreement with EDB Business Partner ASA for Nordic region.
2006
- HSBC signed agreement for FLEXCUBE Investor Services Solution.
- Certified i-flex applications with Oracle Application Server 10g.
2007
- Certified FLEXCUBE with Oracle Access Manager.
- Equinox launched iGPM Paperless Global Processing Model.
- Launched FLEXCUBE Lending Suite.
2008
- Changed name to Oracle Financial Services Software Ltd.
2009
- Appointed Ms. Dorian Daley as Additional Director.
- Shifted Registered Office to Oracle Park, Mumbai.
2010
- PRASAC Microfinance Institution, Cambodia goes live on Oracle FLEXCUBE.
- Opened local delivery centre in Chile.
- Prominvestbank selects Oracle FLEXCUBE Universal Banking.
- Oracle FLEXCUBE achieves benchmark results with Oracle Exadata V2.
- Introduced Oracle Mantas Energy and Commodity Trading Compliance.
2011
- Introduced Oracle Revenues Liquidity Risk Management.
- Introduced Oracle Financial Services Data Warehouse.
- Introduced Oracle Financial Services Hedge Management and IFRS Valuations.
- Introduced Oracle Financial Services Enterprise Case Management.
2012
- China's Ping An Bank goes live on Oracle FLEXCUBE.
- Introduced Oracle FLEXCUBE Multi-Channel Solution.
- Launched applications for Solvency II Reporting and Analysis.
2013
- Roll-out of new Core Banking Application across Middle East.
- Released FLEXCUBE Core Banking Release 5.
- FLEXCUBE introduces features for mobile, payments, compliance.
- Indonesian bank selects Oracle FLEXCUBE.
- Launched FLEXCUBE enhancements for mobile banking.
2014
- Oman’s alizz islamic bank uses Oracle FLEXCUBE.
- Declared interim dividend of Rs. 485 per equity share.
- Universities select Oracle PeopleSoft Campus Solutions.
- Oracle FLEXCUBE demonstrates superior performance on SPARC T5 Servers.
2016
- Unveiled Cloud Platform based on top Database and Middleware.
- Unveiled Next Generation Cloud Strategy: Intelligent Applications.
- Announced comprehensive Analytics offering in the Cloud.
2017
- Oracle Retail Suite 16 introduces new cloud services.
- Expanded Cloud Services with new regions in North America and EMEA.
- Launched Oracle Code Events.
- Launched Cloud Service for data integration and real-time analytics.
- Oracle Utilities launched Smart Grid and IoT Device Management in Cloud.
- Oracle Utilities launched Asset Performance Management solution in Cloud.
- Introduced Digital Innovation Platform for Open Banking.
- Introduced AI-Powered Intelligent Bots.
2020
- Introduced updates to Oracle CX Marketing.
- Named Leader in Gartner 2020 Magic Quadrant for Warehouse Management Systems.
- Announced Autonomous JSON Database cloud service.
- Introduced updates to Oracle CX Service.
2021
- Announced Oracle Analytics cloud-first platform.
- Announced New Compute E4 Platform on 3rd Gen AMD EPYC Processors.
- Added 13 Always Free services to Oracle Cloud Free Tier.
- Introduced Oracle Verrazzano Enterprise Container Platform.
2022
- Named a Leader in 2022 Gartner Magic Quadrant for Global Retail Core Banking.
- Barclays partners with Oracle Financial Services on UK virtual account management project.
2023
- Launched Oracle Banking Cloud Services, a cloud-native SaaS suite.
- Nuclei to offer merchant services on Oracle’s digital banking platform.
