Hot Pursuit     03-Jul-23
Ramco Systems spurts on appointing Subramanian Sundaresan as CEO
Ramco Systems rallied 5.25% to Rs 268.70 after the company's board approved the appointment of Subramanian Sundaresan as chief executive officer (CEO) with effect from 3 July 2023.
Subramanian Sundaresan (Sundar) holds Master of Science (Management) degree from New Jersey Institute of Technology, US and Bachelor of Engineering (Mechanical) degree from Bangalore University, India.

He is a global technology leader with over 30 years of experience in growing businesses by nurturing customer relationships, driving sales, enhancing operational excellence, and integrating acquisitions. He spearheaded the delivery and operations of rapidly growing business units in products and services in diverse sectors such as healthcare payers & products, BFSI, and Telecom.

P.R. Venketrama Raja, chairman, Ramco Systems, said, “We utilized this phase to reform our operations and focus on delivery excellence, while continuing to build on our strengths and invest in automation. This is resulting in a higher adoption of the SaaS model, embedded with AI tools. The appointment of Sundar Subramanian as the CEO will bolster our leadership team, bringing in operational excellence, effective decision-making and create an environment for collaboration and growth.”

Sandesh Bilagi, chief operating officer, Ramco Systems, said, “Our investments in the right direction have started reflecting in our growing orderbook and pipeline. Sundar's strategic and transformational approach will help us in expanding our global footprint, and deliver customer delight by leveraging the latest in technology. I look forward to the exciting times ahead.”

Sundar Subramanian, chief executive officer, Ramco Systems, said, “Ramco's key strength is in its IP-rich platform on which the team has developed niche offerings for HR & global payroll, aviation, logistics and specific industry verticals in ERP. The company's focus in ensuring customer success through automated platform implementation has been witnessing significant momentum,

further he said that in my new role at Ramco, I look forward to further build on this momentum, create valuable opportunities, and enhance design and delivery. Along with Ramco's exceptional leadership team, we are all set to forge a path of success and deliver unparalleled value to our customers.”

Ramco Systems is an enterprise software company, offering multi-tenant cloud and mobile-based enterprise software solutions for HR, Global Payroll, ERP, and M&E MRO for Aviation. The company has over 2000 employees spread across 29 offices worldwide.

The company reported consolidated net loss of Rs 45.57 crore in Q4 FY23 as compared with net loss of Rs 26.38 crore in Q4 FY22.Revenue from operations rose 1.9% year on year to Rs 126.22 crore in Q4 FY23.

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