Ramco Systems

64 Sardar Patel Road Taramani

Chennai, Tamil Nadu, 600113, India

+91 44 2235 4510



Recent Developments

Trusted by 400+ global customers, Ramco HCM & Global Payroll with Time & Attendance is compliant with statutory and taxes across 35+ countries and has partnerships to cover Payroll for 108 countries, globally. Acquired minority stake in cloud startup SmartMegh (a boutique cloud firm with operations in India, ASEAN and Middle East).


Ownership: Public (Promoter & Promoter Group hold two-thirds of the shares) - RAMCOSYS (NSE); 532370 (BSE); RSST (MSE)

Employees: 1600

Functional Market: Personnel & Organization Management,

Key Verticals: Aerospace & Defense, Automotive, Construction and Real Estate, Construction and Real Estate, Distribution, Leisure & Hospitality, Life Sciences, Manufacturing, Oil and Gas, Professional Services, Retail, Transportation,

SCORES Analysis

Ramco Systems Strengths

The year marked the rebirth of Ramco ERP with renewed focus and vigor. While the global market for enterprise applications showed a sluggish growth, Ramco has been able to grow the ERP business at a steadfast pace, thanks to the blue ocean opportunity identified in Logistics as a segment and Asset Management as a horizontal. Ramco HCM integrated with Global Payroll – The youngest of its product suites continued to grow with an addition of 100+ clients in FY 2016 adding on an average 2 new customers every week, globally. Ramco also made a soft entry into US in October 2015 and has been actively developing ecosystem partners to gain inroads into the market. Its footprint in the ASEAN & MENA markets showed a steady rise with good traction picking up in Australia. Most recently, Ramco won one of the biggest fashion names in APAC, Valiram Group, based in Malaysia with over 350 stores in Asia and Australia, representing 100 luxury and lifestyle brands including Victoria's Secret, Michael Kors, Jimmy Choo, etc. The year also marked the successful implementation of Ramco Payroll at GE for integrating operations across 10 countries in Middle East on a single unified platform. The ability to address multi-country payroll and cover some of the most complex payroll needs in emerging markets has been a game winner for the vendor.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

Ramco Systems HCM & Cloud HCM Applications Revenues, $M:

Type/Year 2014 2015 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
HCM Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud HCM Applications Revenues, $M Subscribe Subscribe Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Ramco Systems 2015 Revenue Breakdown by Type:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Ramco Systems 2015 Total & HCM Applications Revenues by Region:

Region % of Total Revenues 2015 Total Revenues, $M 2015 HCM Applications Revenues, $M
North Americas Subscribe Subscribe Subscribe
Latin Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

Ramco Systems 2015 Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Ramco Systems Customers

No. of Customers: Subscribe

No. of HCM Applications Customers: Subscribe

No. of Cloud HCM Customers: Subscribe

No. of Cloud HCM Subscribers: Subscribe

Don't Miss our Customer Database

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

Ramco Systems Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

Ramco Systems Risks

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  • Ability to handle internal and external risk and challenges

Ramco Systems Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

Ramco Systems Cloud Platform (PaaS) & Infrastructure (IaaS) Details

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link:




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