BWI: Ramco Systems Awarded ‘Innovation in IT Applications’ at the 3rd India Power Awards 2010, New Delhi

Press release from Business Wire India
Source: Ramco Systems Limited
Monday, November 15, 2010 05:35 PM IST (12:05 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Energy companies, Media & entertainment; Technology
--------------------------------------------------
Ramco Systems Awarded 'Innovation in IT Applications' at the 3rd India Power Awards 2010, New Delhi


Chennai, Tamil Nadu, India, Monday, November 15, 2010 -- (Business Wire India) -- Ramco Systems (BSE - 532370, NSE - RAMCOSYS, MSE - RSST); a leading software company focused on consulting, product and managed services, today secured the prestigious award for 'Innovation in IT Applications' at the 3rd India Power Awards held at the India Habitat Centre, New Delhi. Mr. R Shankar, Executive Vice President, India, Middle East and Africa, Ramco Systems, received the award on behalf of the company.

Council of Power Utilities organised the 3rd India Power Awards 2010 in conjunction with the Annual Conference & Exhibition on Transmission, Distribution and Metering to promote excellence in the Power sector.

As a leading provider in the enterprise applications segment, Ramco Systems is a growing multinational of Indian origin. The company successfully leverages its own best-in-class resources, as well as the domain knowledge and best business practices emanating from its large, diversified parent, the Ramco Group, to render unique business value to its customers. The Ramco Group has business interests in manufacturing and asset-intensive industries, including cement, cement-based products, building materials and textiles.

On receiving the award, Mr. R Shankar, Executive Vice President, India, Middle East and Africa, Ramco Systems said, "I am extremely delighted to represent Ramco Systems in this august forum. This is a prestigious award that reinforces our commitment to R&D, and as a company focused on innovation. Power is a sector that is on a growth trajectory and IT plays a crucial role in helping utilities innovate and transform in a deregulated environment. Ramco has been at the leading edge in offering business applications, technology platforms and powerful delivery models that add significant value to organizations in enabling innovation and business transformation. This award is a testimony to the rich benefits that several energy and utility companies in India and abroad have reaped from Ramco's solutions."

Conferring the award on Ramco Systems, Mr. C.V.J. Varma, President, Council of Power Utilities, said, "Ramco Systems has been a forerunner in bringing innovative IT offering to the Power & Utility sector. In recognition of its unique and dedicated efforts to establish India on the world map with product software, we are pleased to confer the Innovation in IT Applications award on Ramco Systems."

The jury for the award comprised eminent and respected people like Mr. H. L. Bajaj, Former Member (Technical), Appellate Tribunal for Electricity; Mr. P. Abraham, Former Secretary, Ministry of Power; Dr. C. R. Prasad, Former CMD, GAIL & Chairman, Everest Power Pvt. Ltd.; Dr. H.R. Sharma, Former Member (CEA) & Director, GVK Technical & Consultancy Services Private Limited; Mr. V. Raghuraman, Former Principal, Adviser (Energy), Confederation of Indian Industry; Mr. C.V.J. Varma, Honorary President ICOLD & President CPU - Member Secretary.

Ramco Systems has successfully served several customers in the Power sector in India and abroad such as Reliance Energy, Torrent Power, Hoosier Energy, Orissa Power Generation Corporation, BHPL among others.

About India Power Awards

Council of Power Utilities (CPU) is organizing the 3rd India Power Awards 2010, as a part of its initiative to promote excellence in the power sector. The India Power Awards have been receiving an encouraging response from the power sector in the last two years with a wide ranging mix of participants. CPU is an integral part of the Indian Power Sector. It is working relentlessly in the development of power sector by providing solutions and updating sector professionals with relevant and contemporary issues faced by the industry in the form of conferences, reports and publications.

About Ramco Systems

Ramco Systems, a part of the USD 875 Million Ramco Group, is a leading software company focused on consulting, product and managed services business. Headquartered in Chennai, Ramco Systems was started as an R&D division of Ramco Industries Limited in 1992, and later established as an independent company in 1999. The company focuses on providing innovative business solutions that can be delivered quickly and cost-effectively in complex environments. Globally, Ramco has over 100,000 users from 800+ customer organizations since inception. The company currently has 14 offices spread across India, US, Europe, Middle East and APAC and employs over 1,400 employees.

Ramco's key differentiator is its innovative approach to develop products through its revolutionary enterprise application assembly and delivery platform - Ramco VirtualWorksT. Ramco Systems has seven major product suites - Ramco Enterprise Suite, Ramco Enterprise Asset Management Suite, Ramco Aviation, Ramco OnDemand ERP (ERP on SaaS), Ramco Business Information Management Suite, Ramco Enterprise Process Suite, and Ramco Mining. Strong domain knowledge coupled with proven implementation expertise enables Ramco to provide specialized solutions in verticals such as Manufacturing, Real Estate & Construction, Energy & Utilities, Logistics, Service, BFSI, Aviation, Government and Defense.

Ramco Systems has been assessed for ISO 9001:2008 and ISO 27001:2005 information security standards. Ramco's BPO unit is SAS 70 Type II certified.

"The Company is proposing to make a rights issue of equity shares in the near future and is in the process of filing a draft offer document with the Securities Exchange Board of India"

For more information, please visit www.ramco.com


CONTACT DETAILS
Vinitha Ramani , Ramco Systems Limited, +91 9840368048, vinitharamani@rsi.ramco.com
Twinkle Xavier, 20:20 MEDIA, +91 9884480115, twinkle@2020india.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, ENERGY, MEDIA, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com