Avadhut Ketkar Succeeds Makarand Shrikant Padalkar As CEO & MD Of Oracle Financial
Avadhut (Vinay) Ketkar, currently the Chief Financial Officer (CFO) of Oracle Financial Services Software Limited, has been appointed as Chief Executive Officer and Managing Director (CEO & MD), effective July 24, 2026, subject to approval of the shareholders. He has succeeded Makarand Shrikant Padalkar, as CEO & MD, who has resigned effective July 23, 2026.
Further, Manish Bhandari, currently Chief Accounting Officer (CAO) has been appointed as CFO of the company, effective July 24, 2026.
In addition, Andrew Mark Morawski has been appointed as a Non-Executive Non-Independent Director (Additional Director), with effect from July 22, 2026, subject to approval of the shareholders.
Avadhut Ketkar has been associated with the company since its inception and has held leadership responsibilities across finance, secretarial and legal functions. During his career, he has contributed to key corporate activities, including mergers and acquisitions, the company’s initial public offering and listing, investor relations, corporate actions, establishment of entities and offices, tax and legal matters, and enterprise risk management. His experience spans finance, business management and corporate strategy, supporting the company’s operations and growth initiatives. Ketkar is a Chartered Accountant and holds a law degree from the University of Mumbai.
Makarand S. Padalkar also holds the position of CFO at I-Flex America, Inc. and serves on the board of Sarvatra Technologies Pvt Ltd. Earlier, he served as CFO of i-flex Solutions Ltd., where he was involved in managing financial operations and business processes. He has experience in financial management and corporate leadership, with a career spanning finance functions in the technology and financial services sectors. He holds a graduate degree from the Indian Institute of Technology Bombay and has contributed to finance strategy, governance and business management roles across organisations.
Manish Bhandari serves as CAO of Oracle Financial Services Software, overseeing financial controllership, revenue accounting, treasury, financial planning and analysis, and finance governance. He joined Oracle Financial Services Software in 2004 and has held several leadership roles within the finance function. He has contributed to initiatives including enterprise systems transformation, acquisition integration, corporate restructuring, finance operations, productivity improvement and business process integration. Before joining the company, he worked in the manufacturing sector in finance and accounting roles. He has over three decades of experience across finance and accounting functions, with expertise in financial leadership, reporting, Corporate Governance and business operations. Bhandari is an Associate Member of the Institute of Chartered Accountants of India and has contributed to strengthening finance processes and governance frameworks within the organisation.
Andrew Morawski is the Executive Vice President (EVP) of Global Programs at Oracle Corporation, where he oversees strategic businesses including Oracle Financing, Open Source and Global Partnerships. He focuses on advancing growth initiatives, innovation and business transformation across Oracle’s global ecosystem. With more than 25 years of experience across enterprise software, telecommunications and technology sectors, he has led global teams and managed large-scale businesses. Before his current role, he served as EVP and General Manager of Oracle North America Applications, leading the company’s cloud applications portfolio. He has also headed Oracle’s Communications, Construction & Engineering and Utilities Global Industry Units. Prior to joining Oracle, Morawski held leadership positions at Vodafone, Cable & Wireless Worldwide, Telstra Inc. and Nortel. He has experience in building teams, driving business growth and managing technology-led transformations across global markets.




