BackOracle has big plans for India: Safra Catz
Safra Catz, one of Oracle's two co-CEOs, highlighted the importance of India to the company in her keynote speech at the Oracle OpenWorld 2017 in Delhi
Premium
Mumbai: Safra Catz, one of Oracle Corp.’s two co-CEOs (the other being Mark Hurd), highlighted the importance of India to the company in her keynote speech at the Oracle OpenWorld 2017 in Delhi in May. She remarked, “We are a fully-integrated American-Indian company, with more than 40,000 people working in India in nine development centres. However, looking at the potential India has, we must do more in India."
Sharing the stage with her was Mrutyunjay Mahapatra, deputy managing director and chief information officer of State Bank of India, who related how Oracle as a technology solution provider had helped the bank in its digital transformation. “We are a 210-year young company that is trying to behave like a start-up," he said, underscoring the need to be a customer-centric, agile organization.
Shailender Kumar, managing director of Oracle India Pvt. Ltd, says the three biggest industry verticals for the firm in India are banking, financial services and insurance, government (central and state) and manufacturing sectors.
Besides SBI, its customers in India include HDFC Bank Ltd, Hindalco Industries Ltd, BookMyShow.com (Bigtree Entertainment Pvt. Ltd), Larsen and Toubro Ltd, Flipkart Internet Pvt. Ltd and Thomas Cook India Ltd.
Oracle is also in the process of engaging more deeply with various state governments in India. In September 2016, it signed a memorandum of understanding with the Maharashtra government to create a centre of excellence (CoE) to help accelerate the latter’s smart city programme. Based in Mumbai, the CoE will serve as a research platform to design, develop and test new capabilities that aim to deliver better government-to-citizen (G2C) and government-to-business (G2B) services.
Also, the company plans to have a presence closer to its India customers through own data centres. Thomas Kurian, president of product development, Oracle Corp., announced in May that the company will have its own data centres in India in a year or so.
While Oracle does not reveal its India revenue, according to the Top 20 Survey 2016 by Dataquest magazine, Oracle India revenue for the year 2015-16 was Rs13,800 crore, a rise of 11% over 2014-15 revenue of Rs12,440 crore.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
