Ramco Systems Limited, a global enterprise software provider, has announced the closure of its Qatar-based subsidiary, Ramco System LLC, effective October 30, 2025. This strategic decision comes in the wake of the subsidiary's inability to generate any business activities since its establishment.

Key Details of the Closure

Background and Rationale

Ramco Systems, in its regulatory filing, cited the absence of any business operations and lack of capital infusion as the primary reasons for shutting down the Qatar subsidiary. The company stated that since its incorporation on December 27, 2022, Ramco System LLC had not conducted any business activities.

Regulatory Compliance

In adherence to regulatory requirements, Ramco Systems has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the closure would have no financial impact, as the subsidiary had not contributed to the parent company's turnover, revenue, income, or net worth during the last financial year.

Implications and Outlook

While the closure of the Qatar subsidiary marks a strategic realignment for Ramco Systems, it's important to note that this decision appears to be part of the company's efforts to streamline its global operations. The move to close an inactive subsidiary may be seen as a step towards resource allocation and operational efficiency.

Ramco Systems continues to maintain its presence in various other global markets, including India, Singapore, Malaysia, USA, and several other countries across Asia, Europe, and Africa. The company's focus remains on providing enterprise software solutions to clients worldwide, despite this localized adjustment in its Qatar operations.

Ramco Systems , a leading global payroll solutions provider, has achieved a significant milestone in the Asia-Pacific (APAC) region. The company has been recognized as a 'Leader' in Everest Group's Multi-Country Payroll (MCP) Solutions PEAK Matrix® Assessment for APAC, marking its fourth consecutive year in this prestigious position.

Key Highlights of Ramco's Achievement

• Consistent Leadership: Ramco Systems has maintained its 'Leader' status for four consecutive years, showcasing its sustained excellence in the APAC multi-country payroll solutions market.
• Comprehensive Evaluation: Everest Group assessed 28 MCP service providers based on market impact, vision, and capability.
• Strategic Focus: Ramco's strong strategic emphasis on the Asia-Pacific region over the past two decades has been a key factor in its recognition.

Ramco's Strengths in the APAC Market

Everest Group highlighted several factors contributing to Ramco's leadership position:

1. Extensive experience in payroll transformation projects across the region
2. Robust partner network
3. Advanced technology capabilities
4. Comprehensive services, including local language support

Ramco Payce: Powering Payroll Innovation

Ramco's flagship platform, Payce, stands out for its innovative features:

Expert Insights

Priyanka Mitra, Vice President at Everest Group, commented on Ramco's performance: "Ramco's recognition as a Leader reflects its strong regional presence, technology-driven innovation, and flexible delivery model. Its deep understanding of local payroll regulations and on-the-ground delivery capabilities across key APAC markets, along with continued innovation through its Payce platform, are key differentiators."

Rohit Mathur, Executive VP & SBU Head – Global Payroll & HR at Ramco Systems, expressed pride in the achievement: "Being named a Leader for the fourth consecutive year reflects our commitment to transforming payroll across the Asia Pacific region. Our unified payroll platform, combined with technology-led managed services, offers a compelling solution for complex, multi-country needs."

Looking Ahead

As businesses continue to expand globally, the demand for efficient multi-country payroll solutions is expected to grow. Ramco Systems, with its strong foothold in the APAC region and continuous focus on innovation, appears well-positioned to meet these evolving needs and maintain its leadership in the payroll technology landscape.

For more detailed insights, interested parties can download the Ramco-focused assessment of Everest Group's APAC Multi-country Payroll (MCP) Solutions PEAK Matrix® from Ramco's official website.