Ramco gains on synchronizing payroll operations of ‘MakeMyTrip’

14 Jun 2016

Ramco Systems is currently trading at Rs. 704.00, up by 6.00 points or 0.86% from its previous closing of Rs. 698.00 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 716.35 and Rs. 700.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1113.00 on 05-Aug-2015 and a 52 week low of Rs. 571.20 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 716.35 and Rs. 684.00 respectively. The current market cap of the company is Rs. 2,112.40 crore.

The promoters holding in the company stood at 56.04%, while Institutions and Non-Institutions held 25.39% and 18.57% respectively.

Ramco Systems’ managed payroll services has successfully gone live at MakeMyTrip, India’s leading online travel company. With the company’s Managed Payroll Services platform, MakeMyTrip now derives benefits of a unified payroll processing system to effectively and efficiently handle operations of its 1600+ employees. The modules implemented include Payroll, Taxes, Flexi-Benefit Plan (FBP), Reimbursements and Self Service

Ramco Systems is a leading software company focused on consulting, product and managed services business. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments.

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