09 May, 13:14 - Indian

SENSEX 79492.98 (-1.05)

Nifty 50 24009.25 (-1.09)

Nifty Bank 53615.1 (-1.38)

Nifty IT 35828.8 (-0.48)

Nifty Midcap 100 52937.15 (-0.55)

Nifty Next 50 62285 (-0.76)

Nifty Pharma 20913.4 (-0.96)

Nifty Smallcap 100 15986.95 (-1.22)

09 May, 13:14 - Global

NIKKEI 225 37503.33 (1.56)

HANG SENG 22848.51 (0.32)

S&P 5707.5 (0.19)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(06 Dec 2024, 13:35)

Ramco Systems jumps after inking pact with arm of Hanjin Group

Ramco Systems added 2.73% to Rs 488 after the company has entered into a partnership with Hanjin Information Systems & Telecommunication (HIST) to digitally transform their M&E and MRO operations.


Hanjin Information Systems & Telecommunication (HIST), a leading ICT services company and a subsidiary of the Hanjin Group Korea.

This partnership leverages Ramco’s next-gen aviation maintenance software in collaboration with HIST’s expertise in IT consulting for the aviation industry.

The partnership provides Korean aviation organizations with the powerful synergy of HIST’s advisory and software implementation expertise as well as Ramco’s Aviation 6.0 Software, which enables organizations with streamlined processes, optimized supply chain, and enhanced efficiency in engine maintenance management. Ramco and HIST will collaborate on the first-ever implementation of Ramco Aviation Software 6.0 at Korean Air, the national flag carrier of South Korea.

Bong-Sup Byun, CEO, Hanjin Information Systems & Telecommunication, said, “We will create new innovations in the IT market by combining Ramco Systems’ MRO solution expertise and Hanjin Information Systems & Telecommunication’s technological capabilities in the aviation and logistics fields. This partnership will provide opportunities for future-oriented growth for both companies.”

Manoj Kumar Singh, chief customer officer – Aviation, Aerospace & Defense, Ramco Systems, said, “Our partnership with Hanjin Information Systems & Telecommunication reflects a synergy of vision and purpose, as we come together to empower Korean aviation organizations.

I am confident that this partnership will open doors to groundbreaking innovation for these organizations, enabling them to leverage Ramco’s AI-powered solution to elevate their aviation operations with streamlined MRO, enhanced flight safety, and optimized commercials. Our initial collaboration to implement Ramco Aviation Software 6.0 at Korean Air will create immense strides in Korean Air’s technology transformation. We look forward to a long and fruitful partnership with Hanjin Information Systems & Telecommunication.”

Ramco Systems is a next-gen enterprise software player disrupting the market with its multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation.

The company reported consolidated net loss of Rs 9.64 crore in Q2 FY25 as compared with net loss of Rs 145.76 crore in Q2 FY24. Total income jumped 11.41% year on year (YoY) to Rs 143.42 crore in the quarter ended September 2024.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +