30-05-2024 03:17 PM | Source: Accord Fintech
Ramco Systems rises on signing strategic partnership with Ramssol Group Berhad

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Ramco Systems is currently trading at Rs. 330.00, up by 3.65 points or 1.12% from its previous closing of Rs. 326.35 on the BSE.

The scrip opened at Rs. 326.35 and has touched a high and low of Rs. 334.70 and Rs. 321.05 respectively. So far 4284 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.00 on 18-Apr-2024 and a 52 week low of Rs. 216.80 on 31-May-2023.

Last one week high and low of the scrip stood at Rs. 369.05 and Rs. 321.05 respectively. The current market cap of the company is Rs. 1171.13 crore.

The promoters holding in the company stood at 51.89%, while Institutions and Non-Institutions held 15.98% and 32.14% respectively.

Ramssol Group Berhad (Ramssol), a leading Human Capital Management (HCM) solutions and technology provider, through its wholly-owned subsidiary, RAMS Solutions Sdn Bhd (RAMS), has signed strategic partnership with Ramco Systems Sdn. Bhd., Malaysia (Ramco), a wholly-owned subsidiary of Ramco Systems. 

As part of the partnership between both companies, Ramssol will distribute, resell, and implement Ramco’s enterprise applications, especially the recently launched AI-ML powered Ramco Payce, in the Southeast Asia (SEA) region, including Malaysia, Indonesia, Thailand, Singapore, Vietnam, and the Philippines.

This partnership marks a significant milestone for Ramssol Group Berhad and Ramco Systems, signalling a strong alliance poised to capture a substantial market share. With Ramssol's extensive expertise in people consulting management and Ramco's prowess in offering SaaS-enabled enterprise solutions, this collaboration aims to redefine industry standards and expand both parties’ capabilities.

Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&EMRO for Aviation.