Industry

Ramco Systems wins biggest ever contract

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Ramco Systems has landed what its CEO calls ``its largest-ever deal yet” as the software product company looks to shrug off its loss-making tag, and script a turnaround story.

The deal, which is a strategic partnership with Malaysia Airlines where Ramco will provide a suite of aviation solutions, is worth close to 20 per cent of Ramco’s annual revenue. The Chennai-based company’s annual revenue for 2012-13 was roughly $46 million.

According to CEO Virender Aggarwal, the deal will result in ramped up hiring, with the company looking to woo back mid-level management that has left Ramco, and a new centre of excellence in Malaysia.

“The deal is for five years, and is a block-buster one. We will build a centre of excellence in Malyasia, and start hiring locals there. Aviation, as a segment, has been great for us, and the focus on a niche segment has paid off,” he told this correspondent.

“We’re welcoming back people who have left Ramco, any alumni who have good experience in Ramco and a deep knowledge of the customers. Mostly mid-level managers and below,” Mr. Aggarwal added.

The new centre of excellence will also service other customers.

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Printable version | Dec 8, 2016 2:14:42 PM | http://www.thehindu.com/business/Industry/ramco-systems-wins-biggest-ever-contract/article5746473.ece