Ramco Systems Ltd.

BSE: 532370 | NSE: RAMCOSYS
Small Cap | IT - Software
477.05
-14.75 (-3.00%)
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Ramco Systems incorporates wholly-owned subsidiary

Date: 14-04-2022

Ramco Systems has incorporated wholly-owned subsidiary (WOS) namely ‘Ramco Middle East’ for Information Technology in Saudi Arabia. Ramco Middle East will carry out business operations in Saudi Arabia. The Company's share capital is 5 lakh Saudi Riyals divided into 5 lakh shares of SAR 1 each. After completing the post incorporation activities, the infusion of capital into the said WOS by the company will be made shortly.

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.