Worldwide expansion for Ramco: Rs. 325 crores fund raised

Through Qualified Institutional Placements (QIP) Ramco Systems has raised a capital around USD 52mn (Rs 325 cr).

The company has had made a net profit of Rs 12.7 crore in the year 2015 as per the company’s published financial result. To attract fresh talents, better marketing effort globally and support operational expenses, fresh funds has been introduced by the global leader.

Ramco has been investing in expansion and building capabilities in Enterprise Cloud market which is the fastest growing segments presently. Through its QIP the company is attracting leading global & domestic institutional players and it is believed that the current valuation level of rising fund would benefit the company in long term. The company’s shares has also increased from 30.9% to 42.9%.

“Globally, Cloud companies are getting good valuation. This is the value that investors attach to IP-led businesses. India is slowly moving towards differentiating Product from Services led software businesses. We are happy to be leading this curve. The successful fund raising from institutional investors is a testament of the belief and trust they place on the company and the strong fundamentals on which our business is built.” said by P R Venketrama Raja, Vice Chairman and Managing Director, Ramco Systems

The enterprise has been focusing on enticing and retaining the brightest minds in the field as well as gaining prominence as a fastest growing professional cloud vendor.