The Hindu Business Line : SMEs account for 40 pc of Oracle India biz

SMALL and medium enterprises (SMEs), the automobile, pharmaceuticals and telecommunications sectors and e-governance initiatives have emerged as key drivers of growth for Oracle India.

In fact, with SMEs preferring to put in place robust systems, around 40 per cent of Oracle India's business is accounted for by SMEs, or companies whose turnover has been pegged at Rs 400 crore or less, according to senior executives of Oracle India.

Interacting with newspersons at a media workshop held here recently, company executives said India had emerged as Oracle's fifth-largest market in Asia in terms of revenue, up from 10th position two years ago.

The growth in 2003 was the company's fastest in the last five years with 60 per cent of it coming from the existing customers.

Initiatives veering round the CRM needs of automobile manufacturers and the growing scope in financial services, healthcare and pharmaceuticals and telecommunications had made the enterprise applications software provider very bullish about the Indian market.

The executives said that while sheer momentum was driving growth in sectors such as financial services and telecommunications, growth in the e-governance sphere would be driven by the imperatives to ensure good governance and facilitate expenditure management and control.

Towards this end, Oracle India has already set up an "e-governance centre of excellence" in Gurgaon to support the e-governance-centric initiatives of the Centre, States and the local government bodies in the country.

Oracle India would leverage on Oracle's global experience while developing specific solutions in India.

The Oracle Database 10g, which supports transactions and interfaces in several major Indian languages, was aimed at the SME segment.

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