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Ramco Systems Ltd.

BSE: 532370 Sector: IT
NSE: RAMCOSYS ISIN Code: INE246B01019
BSE 00:00 | 05 Mar 584.95 -6.40
(-1.08%)
OPEN

590.40

HIGH

595.00

LOW

580.00

NSE 00:00 | 05 Mar 585.30 -5.80
(-0.98%)
OPEN

591.10

HIGH

595.00

LOW

580.00

OPEN 590.40
PREVIOUS CLOSE 591.35
VOLUME 15488
52-Week high 784.15
52-Week low 64.10
P/E 89.72
Mkt Cap.(Rs cr) 1,796
Buy Price 583.00
Buy Qty 50.00
Sell Price 592.60
Sell Qty 34.00
OPEN 590.40
CLOSE 591.35
VOLUME 15488
52-Week high 784.15
52-Week low 64.10
P/E 89.72
Mkt Cap.(Rs cr) 1,796
Buy Price 583.00
Buy Qty 50.00
Sell Price 592.60
Sell Qty 34.00

Ramco Systems Ltd. (RAMCOSYS) - Company History

Established in 1989 Ramco Systems is a part of the Chennai based Ramco Group. Ramco is a global provider of Enterprise Solutions and Services in key areas such as Manufacturing Aviation Asset Management Trading & Logistics Healthcare eGovernance Banking & Financial Services Corporate Performance Management and Human Resources Management. It is also a Siebel Alliance Partner and provides CRM implementation services to global customers.The company has got transferred the assets of erstwhile software business division of Ramco Industries effective from April 1 1999 for the purpose for which it was originally established. Also the investments made by Ramco Industries in its overseas software subsidiaries were transferred to Ramco Systems. Ramco provides Converged Networking Solutions Information Security Services and total Contact Centre Solutions. In the Factory Automation space Ramco provides Engineering Process Optimization solutions to the Cement Chemical and Power sectors.Ramco Systems software development practices are ISO 9001 Certified and Development Centers assessed at SEI CMMI-SW Level 5. The company has a global presence with 16 offices in 9 countries across USA Europe Asia-Pacific Middle East and South Africa.Ramco System (RSL) has successfuly transformed itself into an qualityenterprise solutions provider in global markets from an simple ERP softwareprovider. Today the Ramco e.applications family of enterprise solutionscover over 15 industries in four broad areas - enterprise resourcemanagement (ERP) enterprise asset management (EAM) human resourcesRamco Systems Ltd customers include Citigroup Conair ICI PHI Intel ICICI Ericsson Moser Baer Philips Reliance Energy Revertex AEC Seagate eThekwini Savage Arms Amara Raja Batteries Schlumberger Rakbank Ruag Aerospace Swatch Group GOAP CavinKare MJB Wood Essex Crane MMTC Columbia Helicopters Madras Cements Tropical Cheese Preferred Meals Agilent Radisson Edwardian Bemis etc.The company has established in USA Switzerland Malaysia & Singapore also a branch in UK for marketing and implementing the software developed in India.In 2000-2001 the company added two new business lines namely Software consulting projects & Services centered around e-business solutions.The major strategic partnership which the company concluded during 2000-2001 are with Boeing Sun Microsystems Siebel & Nortel Networks. It alsohas recently signed an exclusive agreement with the Boeing Company tojointly develop and market Enterprise Maintenance Solutions for globalaviation industry.In Oct. 2001 RSL has entered into a partnership with Enterasys NetworksUSA. Through this partnership Ramco offers Enterasys Networking productsas part of its enterprise solutions to its customers.Company's ASP software solutions has been recognised by leading bodies likethe ASP consortium in Europe.The company has bagged the Gold Award in thecategory of 'Most Innovative Software' from the ASP consortium at CeBIT2003 which was held in Germany.During 2002-03 the company has also won the Best Solution Provider Awardat the International Conference & Exposition organised by AmericanProductivity & Inventory Control Society(APICS) in USA.During 2003-2004 the company came out with a Rights Issue of 3872511 Equity shares of Rs.10/- each at a premium of Rs.190/- per Equity share in the ration of one Equity share for every two shares held (1:2)During 2004-2005 Ernst & Young Europe certified the companies Ramco Accounting & Financial Management software conforming to Swiss and German Standards. Microsoft has elevated the company to Gold Certified Partner Status.The Board of Directors of the company subject to the approval of shareholders approved the transfer of the Secured Converged Networking (SCN divison) to a wholly owned subsidiary of the Company M/s Ramco infotech Ltd at the meeting held on 27th May 2006.During 2005-2006 the company ventured in to new countries with confirmed orders such as New Zealand and South Korea.The company also successfully completed the rights issue of 3070757 equity shares of Rs.10/- each at a premium of Rs.200/- per equity share in the ratio of one equity share for every four equity share held (1:4).

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