MathWorks, a provider of software products for technical computing and model-based design, has launched its direct operation in India by opening an office in Bangalore. The Massachusetts-based privately-held company which had recorded a revenue in excess of $450 million in the last fiscal, had been so far operating in India through its partner, Crane Software.
The new office will have close to 30 professionals mainly in sales and support, apart from having a small team of software developers. MathWorks has also announced that Cranes will continue to be a distributor for the company in India, though in a limited way, serving some customers in the government and education sector.
“We find the market in India to be quite lucrative for our types of products. This is the reason why we decided to start our direct operation here to tap the huge opportunities available in this market,” said Kishore Rao, MD, MathWorks India.
In India, the company has over 300 customers in the commercial space including L&T, Continental and Airbus which are using MathWorks proprietary software products — Marlab and Simulink. Besides, leading academic institutions like the Indian Institute of Science in Bangalore, most of the IITs and regional engineering colleges are using MathWorks software products in India.
Globally, 60 per cent of MathWorks revenue comes from commercial space, followed by 30 per cent from education and 10 per cent from the government and defence sectors.
MathWorks employs 2,000 people globally, and has direct sales presence in 10 countries including Australia, France, Germany, Italy, UK and the US.