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Ramco Systems Ltd.

BSE: 532370 Sector: IT
NSE: RAMCOSYS ISIN Code: INE246B01019
BSE 15:05 | 28 Sep 262.00 -0.95
(-0.36%)
OPEN

262.75

HIGH

264.75

LOW

260.05

NSE 14:49 | 28 Sep 261.80 -1.75
(-0.66%)
OPEN

260.20

HIGH

264.50

LOW

260.20

OPEN 262.75
PREVIOUS CLOSE 262.95
VOLUME 3345
52-Week high 507.00
52-Week low 221.55
P/E
Mkt Cap.(Rs cr) 807
Buy Price 261.75
Buy Qty 17.00
Sell Price 262.80
Sell Qty 1.00
OPEN 262.75
CLOSE 262.95
VOLUME 3345
52-Week high 507.00
52-Week low 221.55
P/E
Mkt Cap.(Rs cr) 807
Buy Price 261.75
Buy Qty 17.00
Sell Price 262.80
Sell Qty 1.00

Ramco Systems Ltd. (RAMCOSYS) - Chairman Speech

Company chairman speech

Dear shareholders

On behalf of Ramco Systems Limited I extend my warmest greetings to you. i hope youand your family are safe and in good health. it gives me a great pleasure to present toyou my perspective for the year gone by.

We at Ramco believe that true digital transformation is all about having completevisibility on all aspects of operations of an enterprise. this will enable an enterpriseto respond to rapidly changing situations in real-time bring in dramatic improvements incustomer satisfaction and improve profitability. Our product architecture and theextensive IP which we have assimilated over the years has enabled us to start deliveringthis to our customers. hoW the PaSt year ShaPed uS? at Ramco we witnessed atemporary slowdown in order bookings especially from the asian regions owing tosuccessive waves of the pandemic. this led to a delay in closure of orders. While the yearbrought in its own set of challenges we utilized this time to reform our operations tofocus on delivery excellence and stabilize our workforce.

With effects of the pandemic receding and markets returning to normalcy our primaryfocus has been to capitalise to our key strengths and to emerge stronger and fitter forgrowth. With our multiple initiatives aimed at increasing efficiency and end userengagement are in a better position to take advantage of the emerging businessopportunities in the new financial year. our investments in the automation ofimplementation and deployment processes have resulted in reliable and faster projectdeployments and thereby improving our ability to provide enhanced customer experience. thecompany has restructured the management team by appointment of a core leadership team. Wefurther initiated this restructuring for the business to scale-up through implementationof high-quality cross-functional teams across businesses and geographies. We focused onhiring new talent across all levels to reinvigorate our workforce. details about ourprogress across each business vertical is covered in the management discussion andanalysis chapter of this report.

What makeS the dayS ahead eXCitinG? the fast-paced digital innovation is profoundlychanging the existing industries and markets at a rate never experienced before. At Ramcowe are enabling organizations to drive digital transformation to market faster createreimagined experiences and reduce tech development costs. We are witnessing greaterinterest emerging in our product lines and are gearing up for this positive businessmomentum. We have made significant improvements by automating our engineering and testingprocesses through complete adoption of devops across our products and support systems.this helps us vastly improve our development implementation and support capabilities toaddress the complex needs of our customers.

PEOPLE – THE DRIVERS OF OUR FUTURE GROWTH at Ramco we strongly believe in adiverse workforce fostering development diversity inclusion and equality. Howeverquite similar to our peers in the industry high attrition rates impacted our organizationas well. Battling through the demand for digital talent we undertook some steps/ coursecorrective measures to address the high attrition and retain the best of our talent. Weadded over 60% of new workforce since the pandemic with 200+ recruits joining from globallocations outside india implemented adaptive compensation Structuring renewedPerformance management and Rewards System and launched an efficient and smooth back tooffice to make sure that the mental health of our employees is not affected we alsoprovided support through an employee assistance Program. Virtual counselling coaching andmentoring sessions were offered to employees to ensure their well-being and prepare themfor their next growth curve.

COMMITTED TO CREATING VALUE

We continue to deepen our presence in our core areas of Human Resources and GlobalPayroll aviation eRP and Logistics offerings. We also look forward to making furtherinroads in the allied areas such as mRo defense and E-VTOLs in the aviation business andexpand geographically. our Payroll platform which is capable of processing payroll forover 60 countries is getting enriched by adding more countries to the platform. Withincreased automation customer deliveries are becoming faster leading to quickergo-lives. our aviation aerospace and defense offering continues to gain attraction acrossthe globe. in order to realise the potential for the aviation product in the defensesector a wholly owned subsidiary to cater to the defense sector has been set up in theUnited States. the enterprise Software business continues to focus on niche industryverticals where we have proven capabilities like asset and service intensive industries.We have successfully demonstrated our ability to deliver complete digital transformationto large enterprises in these areas. Last but not the least our Logistics product isattaining maturity and our current focus is to build our capability to handle compleximplementations and to scale up this business. Given the importance of the logisticssector and the strength of our offering we see very good potential for growth for thisunique product line. iwould like to take this opportunity to thank our deeply committedemployees across the organization for their unwavering faith hard work and passion to theorganization's vision. This commitment from employees has helped Ramco Systems remainresilient. i sincerely thank our investors and shareholders for their continued trust andconfidence in the Company. We are grateful to our Board of directors partners bankersand other stakeholders for their undeterred encouragement and support. We are confident ofscaling newer heights as our team stands with us despite all adversities and we marchtowards our goals together. transition

WARM REGARDS
P R VENKETRAMA RAJA
CHAIRMAN

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