Company’s India technology sales head Sandeep Mathur will succeed.
In less than a year since he took over to lead software maker Oracle India's business, Bhaskar Pramanik, the managing director of the company, has put in his papers. Sandeep Mathur, vice-president, technology, has been appointed as the new MD.
Oracle India spokesperson confirmed the development in an email to Business Standard. "We confirm that Bhaskar Pramanik, MD, Oracle India, is resigning to pursue other opportunities. The new MD is Sandeep Mathur, who was the vice-president, technology, leading the company's database and Exadata business in the country," said the email.
This development follows the high-profile exit of Ravi Venkatesan, chairman and corporate vice-president, Microsoft India operations.
A graduate from Indian Institute of Technology, Kanpur, Pramanik has over three decades of experience in the technology industry. He joined Oracle India as MD last April, after Krishan Dhawan relinquished his position after serving the company for five years.
Industry insiders say Pramanik's appointment was driven more by the need to integrate Sun Microsystems, which the company acquired for $7.4 billion in April 2009. He headed Sun Microsystems India.
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India is an important market for Oracle. According to a third-party-data, India is a $1.5-billion revenue unit for the company. After the acquisition of Sun, this went up to almost $2 billion. "There are certain segments where Oracle has no competition in India, such as customer relationship management (CRM), database etc. They will not want to let go of this," said an analyst from an advisory research firm.
Oracle has been operating in India for over 20 years, first through a distributorship and since 1993 through its subsidiary. They employ over 24,000 people in India and its revenue at the end of 2010 was $26.82 billion.
"There was a buzz that Oracle might want to get someone else for this role. India is a big market and integration with Sun Microsystems did play a major role in choosing Pramanik. Also, he is a hardcore technology person with expertise in servers and storage. On the other hand, Oracle has aspects like application, software, server and database," said a source on condition of anonymity.
Industry sources also confirmed the much-needed integration of both the companies, is yet to take place. "The marketing and sales personnel at Sun still maintain a different accounts team, pre-sales team etc. Even issues like a common email ID and visiting cards are yet to be sorted out," said another source. However, this could not be confirmed individually with the company.
Sandeep Mathur, who succeeds Pramanik, joined Oracle in 2003 as a director of Oracle Direct, the North America sales where he was instrumental in setting up offshore inside-sales operations. A BE in Electronics and Communication from Bangalore University, he held many senior level positions in Oracle's Asia Pacific business being responsible for strategy, business development and specialist sales for the technology business across the region.
In his previous role as the VP, Technology at Oracle India, Mathur was responsible for driving sales and increasing Oracle’s market share in India across its technology business including database and Exadata.
Earlier, Microsoft India had announced the resignation of its chairman Ravi Venkatesan who left the company citing personal reasons The company is yet to announce his successor.
With contributions from Pradeesh Chandran & Shivani Shinde