Ramco Systems sees rapid growth in aviation business

New Delhi, Dec 23 (Agency) Enterprise software firm Ramco Systems said bookings in its aviation business had doubled in the first six months of the ongoing fiscal year, with companies using the downtime to implement digital transformation initiatives. The company said on Monday that it had won a multi-year, multi-million-dollar contract from Iberia Maintenance (Iberia MRO), which is one of the leading MRO service providers in Europe. The deal is the largest the company has won in the aviation business and in Europe, and among the largest MRO contracts. The contract is for five years once it goes live.

“People are trusting smaller, specialised software providers like us and we have seen high growth in aviation in the last six months,” said Virender Aggarwal, CEO, Ramco Systems. The aviation maintenance business is still manpower intensive and paper-driven, and Aggarwal sees huge demand in implementing paperless solutions and mobile-driven solutions, like collecting data at source. Ramco Systems posted revenue of $25.1 million in the quarter ended September 30. Aviation currently comprises a quarter of the firm’s total revenue. Aggarwal said that demand expansion means this could increase to one-third of total revenues soon.