About Oracle Financial Services Software Limited (OFSS)

Oracle Financial Services Software Limited (OFSS) delivers information technology solutions to global financial services providers through its base at Oracle Park in Goregaon (East), Mumbai, Maharashtra since September 27, 1989. The Company operates as a subsidiary of Oracle Global (Mauritius) Limited which held 72.59% as on March 31, 2025.

OFSS and its subsidiaries provide financial institutions across the world with a comprehensive banking product range that includes transaction processing and compliance solutions for corporate and retail and investment banking as well as treasury operations and data warehousing. Their product lineup includes digital core banking services with a wide array of retail and corporate banking solutions that include origination, branch, collections, accounts, cash and liquidity management, virtual accounts, supply chain finance, trade finance, treasury management and corporate lending.

The company introduced five cloud-based services for banks during FY 2024-25: Oracle Banking Retail Lending Servicing Cloud Service, Oracle Banking Collections Cloud Service, Oracle Banking Cash Management Cloud Service, Oracle Banking Supply Chain Management Cloud Service and Oracle Banking Trade Finance Cloud Service to complete its retail and corporate banking cloud portfolio.

The Company generates its revenue from both India and international markets across the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The company established in 1989 has since expanded its development of complete banking software solutions which are cloud-enabled. During the last year the company announced that it achieved numerous multi-million dollar deals with prestigious customers worldwide through its product excellence and delivery performance.

Oracle Financial Services Software Limited’s Business Segments

• The consolidated revenue breakdown for FY2024-25 shows Products at 90.76% and Services at 9.24% on segment revenue split.

Oracle Financial Services Software Limited’s Geographic 

• Domestic vs. international (FY 2024-25): India contributed 9.19% while outside India brought 90.81%to the consolidated revenue according to the disaggregated geography data.

Oracle Financial Services Software Limited Key Management

• Jane Murphy – Chairperson
• Makarand Padalkar – Managing Director and Chief Executive Officer
• Avadhut (Vinay) Ketkar – Chief Financial Officer
• Onkarnath Banerjee – Company Secretary & Compliance Officer
• Manish Bhandari – Chief Accounting Officer

 Latest Updates on Oracle Financial Services Software Limited

• The company launched new cloud services for banks through Oracle Banking Retail Lending Servicing Cloud Service and Collections Cloud Service and Cash Management Cloud Service and Supply Chain Management Cloud Service and Trade Finance Cloud Service to expand its product portfolio and increase scalability in the cloud.
• The company received three leadership positions from IDC MarketScape for its Cash Management platform and from Chartis Risk Management for Loan Origination and Limits and Collateral Management and its Digital Core Banking Platform achieved leadership status with IDC MarketScape. The risk management landscape assessment by Chartis RiskTech AI50 2024 positions Oracle at the top position.
• Business wins: The Company revealed its acquisition of numerous large-scale global customer contracts throughout the year.
• License & Cloud revenues demonstrated a 13% annual growth during financial year 2023-24 and operating margin reached 44% while the net margin for the year stood at 35%.
• Jane Murphy took over as Chairperson starting April 1, 2025 and the Board received Kavita Venugopal and Nian Nian Yuan while Sridhar Srinivasan retired and Yong Meng Kau resigned from the Board. .