A partnership is set to revolutionise the aviation technology landscape in South Korea, promising significant digital transformation for the industry. The collaboration between two innovative technology firms marks a strategic move towards modernising aviation infrastructure and operational processes.
The strategic alliance aims to leverage cutting-edge digital solutions to enhance efficiency, streamline operations, and introduce sophisticated technological capabilities to the aviation sector. By combining expertise and technological prowess, the partnership seeks to create robust, scalable digital platforms that address contemporary aviation challenges.
Share Price Movement
The share price of Ramco Systems Limited went up by 8.3 percent to Rs. 517 per share on Friday, an increase from its previous close of Rs. 477 per share. The market capitalisation now stands at approximately Rs. 1,850.98 crore as of December 06, 2024.
What happened
Ramco Systems partnered with Korea’s Hanjin Information Systems & Telecommunication Company to digitally transform aviation Maintenance and Engineering (M&E) and Maintenance, Repair, and Overhaul (MRO) operations.
The partnership combines Hanjin Information Systems & Telecommunication (HIST) expertise with Ramco’s Aviation 6.0 software to improve processes, supply chains, and engine maintenance for Korean aviation organisations, starting with its first implementation at Korean Air.
Executive Commentary
Bong-Sup Byun, CEO, Hanjin Information Systems & Telecommunication, said, “We will create new innovations in the IT market by combining Ramco Systems’ MRO solution expertise and Hanjin Information Systems & Telecommunication’s technological capabilities in the aviation and logistics fields. This partnership will provide opportunities for future-orientated growth for both companies.”
Manoj Kumar Singh, Chief Customer Officer, Aviation, Aerospace & Defence, Ramco Systems, said, “Our partnership with Hanjin Information Systems & Telecommunication reflects a synergy of vision and purpose as we come together to empower Korean aviation organizations. I am confident that this partnership will open doors to groundbreaking innovation for these organisations, enabling them to leverage Ramco’s AI-powered solution to elevate their aviation operations with streamlined MRO, enhanced flight safety, and optimised commercials. Our initial collaboration to implement Ramco Aviation Software 6.0 at Korean Air will create immense strides in Korean Air’s technology transformation. We look forward to a long and fruitful partnership with Hanjin Information Systems & Telecommunication.”
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Ramco Systems’s consolidated revenue from operations has increased by 12.36 percent YOY from Rs. 142.51 crore in Q2 FY24 to Rs. 126.83 crore in Q2 FY25 and increased by 4.03 percent QoQ from Rs. 136.98 crore in Q4 FY24.
The company’s consolidated net loss has reduced from Rs. 145.76 crore in Q2 FY24 to Rs. 9.64 crore in Q2 FY25.
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Market Outlook
The business landscape is rapidly evolving with the integration of AI, ML, cloud computing, and IoT reshaping operations. Generative AI is unlocking real-time insights and hyper-personalised customer experiences, while cloud computing ensures scalability and agility, transforming how businesses meet demands.
SaaS adoption has streamlined operations, reducing costs and accelerating delivery. Advanced data analytics provides actionable insights into customer behaviour and supply chains. Positioned as a next-gen software leader, Ramco leverages these innovations to deliver value, optimise processes, and drive industry transformation.
Shareholding Pattern
As of the December 2024 shareholding pattern, Ramco Systems Limited is primarily held by the promoters at 53.43 percent, foreign institutional investors hold 9.65 percent, and the public with 31.28 percent.
About Company
Ramco Systems Limited, founded in 1997 as part of the Ramco Group, stands as a global innovator in enterprise software. Headquartered in Chennai, India, this multinational company develops cutting-edge cloud-based solutions, including ERP, payroll systems, and logistics software. With a strong foundation in technology, Ramco serves diverse industries worldwide, combining heritage and innovation for over 25 years.
The company specialises in advanced ERP tools, AI-driven payroll solutions for global operations, and logistics management software. It has also made significant strides in aviation with its Maintenance, Repair, and Operations (MRO) applications. Its proprietary platform, Ramco VirtualWorks®, enables rapid deployment of enterprise solutions, showcasing its expertise in cloud technology. Operating in over 35 countries with a $3 billion market capitalisation, Ramco has earned recognition among the top global enterprise solution providers.
Ramco Systems remains committed to driving efficiency through technology. Its strategic growth, innovative offerings, and partnerships with industry leaders solidify its role as a trusted name in business transformation.
Written By Fazal Ul Vahab C H
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