| Market Cap | ₹2,055.68 CrSoftware & Services |
|---|---|
| P/E TTM | 49.54Sector PE: 21.56 |
| Promoter Holding | 55.51%Latest Quarter |
| Order from | Altron |
Key highlights
- Partnership executed through subsidiary Ramco Systems FZ-LLC and Altron's Middle East units
- Altron to manage local implementation, commercial terms, and front-line customer support
- Ramco Systems to provide cloud hosting, software platform, and advanced technical support
- Includes data residency options in Saudi Arabia to meet local compliance requirements
- Supports regional mandates including UAE's Wage Protection System and Saudi's GOSI and Mudad
Localised Distribution and Support Model
Ramco Systems Limited, through its subsidiary Ramco Systems FZ-LLC, has formalised a partnership with Altron, a prominent South African technology group. This alliance aims to scale the distribution of the Ramco Payce payroll platform across the United Arab Emirates and the Kingdom of Saudi Arabia. Under the agreement, Altron will lead the commercial engagements, implementation, and front-line support services for enterprise clients through its regional entities, Altron Middle East Technologies LLC and Altron Alarabia Company Limited.
Ramco will maintain its role as the technology provider, offering secure cloud hosting and advanced technical support. The collaboration is designed to provide a streamlined engagement model for Middle Eastern enterprises seeking modern, localised payroll solutions backed by local expertise.
Strategic Alignment With Regional Compliance
The partnership focuses on addressing specific regulatory requirements within the Gulf Cooperation Council (GCC) region. Ramco Payce is built to integrate local mandates such as the Wage Protection System (WPS) in the UAE and the General Organization for Social Insurance (GOSI) and Mudad in Saudi Arabia. A critical component of the agreement is the provision of data residency options in Saudi Arabia, which helps enterprises meet strict local data sovereignty laws.
This move follows Ramco's previous strategic steps in the region, including a July 2025 partnership with MCA Management Consultants for GCC-wide payroll transformation, further solidifying its attempt to capture market share in the Middle Eastern IT services sector.
Building on Recent Partnerships
- Signed MoU with Safran Helicopter Engines in September 2026 for engine maintenance data integration
- Partnered with Tata Advanced Systems Limited (TASL) in March 2026 for defence MRO facility software
- Established an ERP Lab with Anna University in March 2026 for hands-on cloud training
- Teamed with Hanjin Information Systems in December 2024 for aviation MRO solutions in Korea
- Collaborated with The ePlane Company in October 2025 for eVTOL aircraft lifecycle management
Meeting Evolving GCC Regulations
Payroll regulations in the Gulf continue to evolve, and each change should be absorbed into the pay cycle rather than turned into a separate IT exercise. Ramco Payce is built to do that, and with Altron’s local expertise, companies in the UAE and Saudi Arabia are better placed to stay ahead of what comes next.
| Date | Announcement | Amount |
|---|---|---|
| 03 Sep 2026 | Signed an MoU with Safran Helicopter Engines to enable direct integration of engine maintenance data into Ramco Aviation SoftwareSource: NSE filing | – |
| 16 Mar 2026 | Partnered with Anna University to establish an ERP Lab for hands-on cloud ERP trainingSource: manufacturingtodayindia.com | – |
| 10 Mar 2026 | Partnered with Tata Advanced Systems Limited (TASL) to implement aviation software at its upcoming defence MRO facilitySource: upstox.com | – |
| 27 Oct 2025 | Signed an MoU with The ePlane Company to deploy aviation software for lifecycle management of the e200X eVTOL aircraftSource: ramco.com | – |
| 07 Jul 2025 | Subsidiary Ramco Systems FZ-LLC partnered with MCA Management Consultants to deliver payroll transformation solutions across the GCC regionSource: ramco.com | – |
| 05 Dec 2024 | Partnered with Hanjin Information Systems & Telecommunication (HIST) to provide advanced aviation M&E and MRO IT solutions in KoreaSource: indiainfoline.com | – |
What to watch next
- Q2 FY27 financial results announcement scheduled by November 14, 2026
- Implementation milestones for enterprise customers in Saudi Arabia under the new Altron partnership
- Integration progress of engine maintenance data with Safran Helicopter Engines following September 2026 MoU
“Payroll is where workforce data becomes money in people's accounts, so it has to be accurate and compliant every cycle, whether that's WPS in the UAE or GOSI and Mudad in Saudi Arabia.”
“Getting pay right, every time, is fundamental to the trust between an organisation and its people. That is why we pair Ramco’s product depth with partners who are close to our customers.”
| Share price | ₹546.25 |
|---|---|
| Market capitalisation | ₹2,055.68 Cr |
| Revenue (annual) | ₹705.14 Cr |
| Net profit (annual) | ₹41.84 Cr |
| Revenue (latest quarter) | ₹172.77 Cr-6.79% vs previous quarter |
| Net profit (latest quarter) | ₹0.60 Cr-97.61% vs previous quarter |
| P/E (TTM) | 49.54×Sector 21.56× |
| Promoter holding | 55.51%-0.17% QoQ |
| FII holding | 11.48%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Ramco Systems Limited announcing a partnership with Altron to strengthen its payroll presence in the UAE and Saudi Arabia. Market figures from a third-party data provider.
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