Ramco Systems Limited announced that its wholly owned subsidiary, Ramco Systems FZ-LLC, has entered into a partnership with Altron to offer Ramco Payce in the United Arab Emirates and the Kingdom of Saudi Arabia. The collaboration aims to provide locally delivered implementation and support for enterprises modernising their payroll systems.

Under the agreement, Altron will manage implementation, front-line support, and commercial terms. Ramco will provide the software, secure cloud hosting, and advanced technical support. This structure offers customers a streamlined engagement model with faster on-the-ground support and enterprise-grade payroll technology. The solution includes data residency options in Saudi Arabia to meet local compliance requirements.

Partnership details and regional strategy

The partnership leverages Altron’s existing presence in the region through its entities, Altron Middle East Technologies LLC and Altron Alarabia Company Limited. Craig Cocker, Managing Director of Altron Middle East & Altron Alarabia, stated that adding Ramco Payce allows the company to extend its workforce management services through to payroll. He noted that this provides customers with one accountable local partner and teams based in Dubai and Riyadh.

Sandesh Bilagi, Chief Executive Officer of Ramco Systems, emphasised the importance of accuracy and compliance in payroll. He stated that the partnership combines the reliability of a global platform with the responsiveness of a local team. Rohit Mathur, Executive VP & SBU Head – Global Payroll & HR at Ramco Systems, added that Ramco Payce is designed to absorb evolving Gulf payroll regulations directly into the pay cycle.

Product capabilities and market reach

Ramco Payce is currently trusted by over 500 customers worldwide and offers coverage across 150+ countries. The solution integrates with leading HCM providers to deliver an end-to-end digital payroll system. Key features include self-service reporting, an actionable payroll workspace, and a quick implementation toolkit. The platform utilises robotic process automation, artificial intelligence, and machine learning to facilitate a touchless payroll experience.

Altron Middle East operates as a technology and managed services partner supporting organisations across the UAE and Saudi Arabia. Its portfolio spans workforce management, payroll, and connected healthcare. The company helps enterprises implement and integrate technology solutions through partnerships with global providers.

What the numbers show

The announcement highlights a strategic expansion of Ramco’s global footprint by leveraging local partners rather than direct sales teams in new geographies. By partnering with Altron, which already manages workforce data for enterprises in the region, Ramco can accelerate its penetration into the UAE and Saudi markets. The emphasis on local data residency addresses specific regulatory hurdles in Saudi Arabia, potentially reducing compliance friction for large enterprises.

Ramco Systems Limited announced that its wholly owned subsidiary in the Philippines, Ramco System Inc. (RSI), has settled a significant tax demand. The final liability was reduced to ₹4.6 million (PHP 3 million) from an initial demand of ₹112 million (PHP 72.40 million).

The settlement follows a 'Final Decision' received on September 30, 2026, from the Commissioner of Internal Revenue in the Philippines. This decision dropped almost all major demands related to Financial Year 2022-23, following RSI's administrative protest and subsequent discussions with authorities.

Dispute Background and Resolution

RSI had received a formal letter of demand on September 10, 2025, citing various tax liabilities including Income Tax, Value Added Tax, and Withholding Taxes. The original claim also included interest and a compromise penalty. The company challenged this assessment through proper administrative channels.

The final decision accepted by the authorities resulted in a substantial reduction in the payable amount. RSI paid the final demand of ₹4.6 million on September 30, 2026, effectively closing the matter.

Key Financial Implications

The resolution significantly mitigates financial exposure for the subsidiary. The table below outlines the change in liability:

What the Numbers Show

The settlement represents a reduction of over 95% in the total financial obligation compared to the initial assessment. The final amount paid is less than 5% of the originally demanded sum, indicating that the administrative protest successfully contested the majority of the tax claims raised by the Philippine Commissioner of Internal Revenue.