Oracle Financial Services Software Limited (OFSS) Governance

Mr. Makarand Padalkar is CEO and managing director of Oracle Financial Services Software Limited, a majority-owned subsidiary of Oracle Corporation and an integral part of Oracle’s Financial Services Global Industry Unit. He was the Chief Financial Officer of the Company since 2007 till 2023 and the Whole-time Director of the Company since 2019.

Mr. Padalkar has over 40 years of experience managing all the aspects of IT & product business. He joined the company in 1994 and before becoming the CFO, his responsibilities included marketing (as head), key account management, corporate strategy and investor relations. As the head of marketing,
Mr. Padalkar successfully launched the products that are the core foundation of the Company today.

Prior to joining the Company, Mr. Padalkar worked for 12 years with a large IT services company in India, consulting various clients in BFSI segment in Europe and United States. Mr. Padalkar is a post graduate engineer from Indian Institute of Technology, Mumbai. He is a Member of the Board of Directors of Sarvatra Technologies Private Limited.

Mr. Harinderjit Singh (Sonny Singh) is Executive Vice President and General Manager of Oracle’s Financial Services Global Industry Unit. In this role, he is responsible for a global organization focused on Sales, Consulting, Engineering and Support of Oracle’s products focused on Banking, Insurance and Capital Markets.

During his 35-year Oracle career, Mr. Singh has been instrumental in leading the creation and execution of highly successful corporate, business unit, and new market strategies that produce strong topline impact across all of Oracle’s hardware, software, and services product lines.

Prior to his current role, Mr. Singh was the Senior Vice President of Oracle’s Industries business unit, which is responsible for Oracle’s go-to-market strategy. In this role, his organization was responsible for product marketing, competitive intelligence, field enablement, deal acceleration, and mergers-and-acquisition integration across Oracle’s entire product and services portfolio. In addition, his organization delivered all of Oracle’s strategic customer engagement capabilities. These include solutions and expertise for all industry vertical segments, the Oracle Insight program, which is Oracle’s branded value engineering competency, and Oracle Solution Centers. Additionally, his organization provided the business strategy, tools, and programs for Oracle’s key accounts and midsize market segments. Prior to leading the Oracle Industries Business Unit, Mr. Singh was group vice president for Oracle Consulting, where he led Oracle’s services business in North America Strategic Accounts.

Mr. Singh holds a master’s degree in industrial engineering from Stanford University and a bachelor’s degree in mechanical engineering from Punjab University, India. He is active in his local community and serves on the Board at the Children’s Discovery Museum in San Jose, California.

Mr. Mrugank Paranjape has over 33 years of rich experience at CXO levels in the financial services industry in India and overseas specializing in banking, asset management, commodities exchange and technology. He was the MD & CEO of NCDEX e Markets Ltd and prior to that MD & CEO of Multi Commodity Exchange of India (MCX) – India’s first listed and leading Commodity Exchange. Earlier, Mr. Paranjape had successful stints in India & abroad with global financial institutions including Deutsche Bank, ICICI Prudential, W I Carr Securities, ING Barings & Citibank. He is an expert and consultant in the field of Capital & Commodities Markets.

Mr. Paranjape also serves on several boards. He is a Non-Executive Independent Director in the Central Board of the State Bank of India, Chairman of the Board of Trustees of Sewa International and Member of the Board of Governors of Mumbai University – PM USHA as well as the Mumbai School of Economics & Public Policy.

Mr. Paranjape is an alumnus of the Indian Institute of Technology, Bombay and the Indian Institute of Management, Ahmedabad.

Ms. Kimberly Woolley is the Assistant General Counsel and Assistant Secretary for Oracle Corporation. She has been practicing corporate law since 1998 and originally joined Oracle in May 2009. She supports Oracle Corporation’s board of directors and committees of the board. Ms. Woolley is a member of Oracle’s disclosure committee and is responsible for Oracle’s compliance with U.S. securities laws, including the review and preparation of the company’s periodic reports (10-K, 10-Qs, 8-Ks), annual proxy statement and Section 16 filings. She also supports Oracle’s Treasury and Finance teams in capital markets transactions.

Prior to joining Oracle, Ms. Woolley was the Director, Associate General Counsel of Williams-Sonoma, Inc. where she served as the head of corporate and securities law, reporting to the general counsel. She previously worked as an Associate at law firms Gibson, Dunn & Crutcher (London and San Francisco), and Sullivan & Cromwell (New York and London). Ms. Woolley is a Member of the Board of Directors of several listed & unlisted Oracle group companies, GoAhead Software India Private Limited, Responsys Business Solutions India Private Limited, Tekelec Systems India Private Limited, Waban Software Private Limited, Logfire Technology Solutions Private Limited, Palerra Software Private Limited, Oracle Corporation Japan, Aconex (India) Private Limited, Oracle Solution Services (India) Private Limited and Cerner Healthcare Sales India Private Limited.

Ms. Woolley holds a juris doctorate degree with high honors from George Washington University Law School, and a Bachelor of Arts degree with honors (magna cum laude) in politics and government from Ripon College. She is a member of the New York and California state bars.