As we bid adieu to our Chairman, a legendary visionary and a man who I hold dearest to me, I take a minute to reflect on the journey he has travelled and the path charted out for the institutions he has built.
My father was a simple man. He took on the mantle of managing the business at a very young age and had since then through his sheer dedication and hard work built the Ramco Group to what it is today. He leaves behind a rich legacy where values, ethics, culture and community development are the pillars on which the Group''''s equity and goodwill is built.
Under his guidance and mentorship, the group has expanded into global markets. And with professional leadership at the helm as the driving force, we have a clear vision charted out for the future.
Today, as I take on the responsibility of Chairmanship, I am humbled to be holding the reins of a billion-dollar group which has deeply ingrained in it the core values, principles and culture that have been passed on from generations.
As I take the institutions forward, I will strive to continuously hold and build on the rich legacy and work towards further improving shareholder value.
Moving on to the business performance, I am happy to share that your company continued its global expansion and signed marquee clients across product lines and geographies. With order book growing at a steady pace, the future holds exciting possibilities for all of us.
It is important that organizations are adaptive and agile to change. Large enterprise application vendors who failed to adapt to technological changes have seen their market share being taken over by new-age companies. While one cannot predict what disruptions are in the anvil, it is important that we remain innovative, open minded and ready to explore new opportunities.
At Ramco, we have constantly strived to be the early movers in exploring new technologies and developing applications that help address business pain points. It is this strive to be ahead of the Innovation curve that drives many large multinationals and global MNCs to strike a partnership with us.
From Artificial Intelligence to Augmented Reality; Machine Learning to Natural Language Processing; our R&D labs are busy exploring how these technologies can deliver value to businesses. It is this penchant to deliver continuous value through innovation that differentiates us from competition. By applying this to our core areas of strength - Aviation, Logistics, and HR -we have a success formula to offer.
Interestingly, the financial year witnessed two of the Global leaders in Aviation OEM partner with us to leverage our offerings. Our ability to retain and ensure clients upgrade to the latest suite has been remarkable. We saw multiple large aviation companies go live on the latest suite which brings unmatched Mobility and Usability improvements.
On HCM front, our Multi-country Payroll coverage added with platform based approach to services has been a winning combination. In addition to winning customer trust, Ramco HCM with Global Payroll has been getting thumbs up from Analysts and Advisors too. From being ranked as Leader in NelsonHall''''s NEAT Matrix to being adjudged an ''''ACHIEVER'''' in Everest Group''''s Multi-Country Payroll Platform report, the year ended with the product winning the''''HR Vendor of the Year ‘award across Singapore, Malaysia and Hong Kong.
ERP continues to show rapid progress especially with Logistics vertical picking up good momentum. The ability to spot opportunity and building a comprehensive application to address the vertical specific business needs has helped us create a unique standing in the Logistics segment. The year ahead will be crucial as we scale our presence across the mid-market Logistics organizations, globally.
Overall, FY 2017 has given us a firm footing in the cloud enterprise market. We thank our stakeholders for being the wind beneath our wings. As we set our goal to fly higher, here''''s looking forward to your continued support in this journey towards building a globally recognized enterprise applications company, from India.
P RVenketrama Raja