Ramco Systems, leading enterprise software provider on Cloud and Mobile, today announced that it has set up a wholly-owned subsidiary in Indonesia under the name PT Ramco Systems Indonesia.

As the largest economy in ASEAN, Indonesia has been witnessing good adoption of digital technologies in the enterprise front. According to a recent report, Indonesia is expected to see buoyant demand for enterprise solutions driven by improved infrastructure, stable and growing economy and employable IT workforce.

PT Ramco Systems Indonesia will be Ramco's sixth subsidiary in Asia and 24 th office, globally. The new office will employ local staff and focus on bringing cloud-based technology to transform Indonesian enterprises in the area of HR, Payroll and Logistics ERP.

Virender Aggarwal, CEO, Ramco Systems, said, ''As one of the fastest growing regions for Ramco, Asia has expanded its footprint into newer markets and strengthened partner ecosystem, substantially. Very few global cloud enterprise software companies can boast of a coverage as wide as us, in the region. Our thrust is to bring the best of Innovation, technology and global best practices and combine it with regional nuances to address the business needs in the region. We look forward to becoming, Indonesia’s most trusted cloud enterprise software provider.''

Shares of the company declined Rs 1.7, or 0.45%, to trade at Rs 374.00. The total volume of shares traded was 530 at the BSE (10.01 a.m., Monday).