Ramco Systems Ltd.

Ramco Systems is setting up a subsidiary, Ramco System Inc, in Philippines to carry on business operations in that country. The process of setting up the subsidiary is expected to be complete in two months.

The company has said that the initial subscription to share capital will be 11.75 million Pesos. The investment will be under automatic route of Foreign Exchange Management Act, 1999 and related regulations. The investment is subject to necessary regulatory approvals in respective overseas jurisdiction.

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.