1. Korean Air engine MRO go-live - Korean Air went live with Ramco Aviation Suite at its Engine Maintenance Center in April 2026, with over 400 mechanics and engineers now using the Mechanic Anywhere mobile app. The deployment anchors Asia's largest engine MRO hub, set to open in 2027, and represents one of the largest deals in Ramco's history at north of $10 million with a 5-to-7-year execution timeline.
2. Ramco Payce 25% revenue growth - The payroll business delivered 25% year-on-year revenue growth in FY26 and is described by management as a key growth engine with strong product-market fit. With 500+ customers across 150+ countries and a 6-to-9-month B2B sales cycle, the platform is entering the period where early pipeline converts to recurring revenue at scale.
3. FY26 EBITDA margin expansion to 24% - FY26 EBITDA reached USD 18.9 million at a 24% margin, up from USD 9.68 million at 14% in FY25, marking six consecutive quarters of operational profit. A debt-free balance sheet with USD 13.3 million cash and DSO reduced to 47 days means incremental revenue now drops through to free cash flow at a higher rate.
4. Tata Advanced Systems C-130J MRO win - Tata Advanced Systems selected Ramco in March 2026 for its upcoming Defence MRO facility specializing in Lockheed Martin C-130J Super Hercules maintenance for the Indian Air Force. The win places Ramco inside India's strategic defence supply chain with a Tata Group entity, opening a reference that can unlock further defence MRO deals.
5. Ramco Logistics turnaround and 66% gross margin - The Logistics unit won major contracts in Australia and the Middle East in FY25, achieved go-lives in 4-5 months versus the industry norm of 18 months, and maintains a 66% gross margin with 90% of customers now serving as active references. Platform modernization starting FY26 aims to convert this operational credibility into stronger win rates across Australia, New Zealand, and Saudi Arabia.
6. ST Engineering strategic partnership - An MoU signed in February 2026 with ST Engineering's Commercial Aerospace business explores a long-term partnership and a jointly operated Innovation Lab in Singapore for AI-enabled aviation MRO solutions. ST Engineering is one of the largest MRO players globally, and a formalized partnership would give Ramco a channel into its customer base and operational scale.
7. Recurring revenue at 60% and growing 15% - Recurring revenue constituted approximately 60% of total revenue in FY25 and grew 15% in FY26, accelerating from 13% in FY24. A rising base of sticky SaaS revenue improves forward visibility and supports the margin expansion already underway.
8. Chia conversational AI agent platform launch - Ramco launched Chia in February 2026, an enterprise-grade conversational AI agent platform with a no-code Agent Foundry that lets CX teams deploy AI Agents in weeks. Embedding agentic AI across the product suite can shorten implementation cycles and create a new software licensing tier.