Ramssol Group Berhad

What Ramssol Group Berhad does

Ramssol Group Berhad is a Malaysian public limited company (Berhad designation, listed on Bursa Malaysia) headquartered in Kuala Lumpur with 101-250 employees operating across Malaysia, Thailand, and Indonesia. Its core business is the PeopleTech digital HR technology platform, which delivers HR software, workforce management solutions, and related consulting to enterprise and mid-market employers in Southeast Asia. The company pursues an acquisition-led growth model, anchored by a 51% stake in Thai-based generative AI firm Geekstart (acquired June 2024 for RM4.7 million) and a proposed June 2026 acquisition of 60% of INNIO Holding and 49% of Agensi Pekerjaan INNIO for a combined MYR 14.4 million, adding licensed recruitment, talent sourcing, and manpower outsourcing capabilities. The portfolio has also extended into an unrelated vertical through PT Rider Gate Indonesia, which launched the COCORIDE rent-to-own electric motorcycle leasing app for ride-hailing and delivery workers in late 2025, deploying 500 electric motorcycles in partnership with PT Smoot and PT Swap.

Revenue is generated from multiple streams: software licensing and AI consulting (subscription/recurring), recruitment placement fees and outsourcing contracts (professional services), and EV leasing rentals. Go-to-market combines direct enterprise field sales for HR and workforce services across SEA with self-serve app distribution for the EV leasing line in Indonesia. Tan Chee Seng is identified as Founder, Group Managing Director, and CEO; no broader leadership bench, ownership structure, or financial disclosures (revenue, ARR, profitability) are available in the source material.

Name

Ramssol Group Berhad

Legal name

Ramssol Group Berhad

Website

https://ramssolgroup.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Ramssol Group Berhad is a Malaysia-based public company providing digital HR technology, AI consulting, recruitment, and EV motorcycle leasing across Southeast Asia, serving enterprise employers and Indonesia's ride-hailing and delivery workforce through its PeopleTech platform and COCORIDE app.

Ownership category

akta.pro rank

Product category

Human Capital Management Software & Services

NAICS

Employment Services (5613), Professional Employer Organizations (561330), Human Resources Consulting Services (541612)

SIC

Services-Employment Agencies (7361), Services-Help Supply Services (7363)

akta.pro primary industry

Core HR & HRIS (BPACAPAA)

akta.pro secondary industries

HRIS/HCM Implementation & EOR Platform Services (BPACAHAJ), HRIS/HCM Managed Services & Support (BPAEAGAF)

Keywords

• Human capital management
• HR technology platform
• Workforce solutions
• Talent sourcing services
• AI consulting services

Headquarters

HQ city

Selangor

HQ country

Malaysia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales

Revenue model

1. HR Solutions and Technology Services: Provides PeopleTech and digital HR solutions including software licensing, consulting, and technology services. Revenue derived from HR software platforms and AI-powered workforce solutions.
2. Talent Sourcing and Recruitment Services: Licensed recruitment, talent sourcing, and manpower outsourcing services through INNIO Holding and API acquisitions. Revenue from placement fees and ongoing outsourcing contracts.
3. EV Bike Leasing: Electric vehicle bike leasing ecosystem for ride-hailing and delivery sector in Indonesia. Revenue model includes rent-to-own scheme via COCORIDE app with 500 electric motorcycles deployed by end of FY2025.

Go-to-market motion2 records

Distribution channels3 records

Core offering

Ramssol Group Berhad provides PeopleTech and digital HR solutions through its AI-enabled workforce infrastructure platform, combining HR software, consulting, and technology services. Through acquired subsidiaries, the company also delivers licensed recruitment, talent sourcing, and manpower outsourcing services across Southeast Asia, plus an EV bike leasing ecosystem for Indonesia's ride-hailing and delivery sector via the COCORIDE app.

Product overview

Ramssol Group Berhad is a Malaysia-based HR solutions provider operating a platform-plus-modules architecture. The core offering includes PeopleTech, a digital HR technology platform. The portfolio has expanded through acquisitions: Geekstart (generative AI and digital solutions), INNIO Holding and Agensi Pekerjaan INNIO (recruitment and talent sourcing), and COCORIDE (EV bike leasing via app). The company is building an AI-enabled workforce infrastructure platform with regional expansion potential across Southeast Asia.

Differentiator

Problem solved

Functional benefit

Brands

• COCORIDE: Rent-to-own scheme app for electric motorcycles in Indonesia's EV bike leasing ecosystem.

Products and services

• PeopleTech Digital HR technology platform that provides workforce management and HR solutions for enterprise and mid-market employers across Southeast Asia.
• Geekstart Generative AI Solutions Consulting and technology services using generative AI and advanced AI technologies for digital transformation, serving enterprises in Southeast Asia (with Thai delivery base).
• INNIO Holding Talent Sourcing & Recruitment Licensed recruitment, talent sourcing, and manpower outsourcing services for enterprises across Southeast Asia, enabling cross-selling across Ramssol's expanded workforce base.
• Agensi Pekerjaan INNIO (API) Licensed recruitment agency providing manpower outsourcing services to enterprises across Southeast Asia.
• COCORIDE EV Bike Leasing Mobile app-based EV motorcycle leasing platform offering a rent-to-own scheme for ride-hailing and delivery gig workers in Indonesia, with battery-swap infrastructure support.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• INNIO Holding Sdn BhdcoreStrategic or Co-development Partner · 5 June 2026Proposed acquisition of 60% stake in INNIO Holding for combined MYR 14.4 million consideration. INNIO provides licensed recruitment, talent sourcing, and manpower outsourcing services. Deal includes profit guarantees of MYR 3.0 million for FY2026 and MYR 5.0 million for FY2027, underpinned by MYR 39.3 million outstanding order book.
• Agensi Pekerjaan INNIO (API)coreStrategic or Co-development Partner · 5 June 2026Proposed acquisition of 49% stake in API as part of combined RM14.4 million deal with INNIO Holding. API provides licensed recruitment and manpower outsourcing services. Deal includes profit guarantees supporting Ramssol's strategy to build scalable AI-enabled workforce infrastructure platform.
• PT SmootcoreStrategic or Co-development Partner · 10 November 2025Electric vehicle supplier partnership for Indonesia market. PT Smoot provides electric motorcycles for Rider Gate Indonesia's EV bike leasing ecosystem targeting ride-hailing and delivery sector. Initial deployment of 500 electric motorcycles planned by end of FY2025.
• PT SwapcoreStrategic or Co-development Partner · 10 November 2025Battery-swap infrastructure provider for Indonesia EV ecosystem. PT Swap supplies battery-swap infrastructure enabling the electric motorcycle leasing operations under the three-year cooperation agreement with PT Rider Gate Indonesia.
• Geekstart Company LimitedcoreStrategic or Co-development Partner · 25 June 2024Ramssol and its Thai unit acquired a 51% stake in Geekstart for RM4.7 million. Geekstart specializes in generative AI and digital solutions, providing consulting and technological services using advanced AI technologies. The acquisition strengthens Ramssol's digital transformation services across Southeast Asia with profit guarantees for FY2024 and FY2025.
• Thai Educational InstitutionsminorStrategic or Co-development PartnerCollaborations with Thai educational institutions supporting Ramssol's regional expansion strategy and digital transformation services in Thailand market.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Workday: Workday is a global incumbent in core HR/HRIS and HCM for large enterprises. It is the benchmark competitor for Ramssol's PeopleTech platform when chasing regional enterprise clients.
• ADP: ADP is a global incumbent in HR outsourcing, payroll, and talent solutions with deep ASEAN presence through ADP Singapore and partners. It is the broad-incumbent competitor to Ramssol's HR services portfolio.
• SAP SuccessFactors: SAP SuccessFactors is the established enterprise HCM incumbent sold across ASEAN through SI partners. Ramssol's enterprise HR solutions compete in the same large-deal segment.

Emerging players

• Rippling: Rippling is a unified HR, payroll, IT, and finance platform expanding globally from the US. It overlaps with Ramssol's PeopleTech ambitions for mid-market employers seeking modern HR stacks.
• Deel: Deel is a fast-scaling global Employer of Record and HR/payroll platform pushing into Southeast Asia. Ramssol's HCM + EOR-adjacent services target the same cross-border workforce use case with a regional spin.

Regional players

• SD Worx: SD Worx is a European HR services and payroll provider expanding outside Europe; its product mix (HR outsourcing, payroll, HCM) and co-employment model closely match Ramssol's INNIO/API offering.

Direct peers

• Ramco Systems: Ramco is an Asia-headquartered HCM and HRIS vendor serving enterprises across Southeast Asia with payroll, talent, and workforce modules — directly comparable to Ramssol's PeopleTech core.
• BIPO Service: BIPO is a Singapore-headquartered HR outsourcing and global PEO/EOR provider with strong Southeast Asia coverage. Ramssol's INNIO/API recruitment and manpower outsourcing business competes directly for the same mid-market ASEAN employers.
• TriNet: TriNet is a PEO offering co-employment, benefits administration, and HR outsourcing to SMBs and mid-market employers — the same operating model Ramssol is building via INNIO/API and GeekStart.

Others

• Ascendum (KLAS) / ISC (Information Services Corporation): ISC provides HR, payroll, and workforce management solutions globally. It is comparable to Ramssol as an adjacent technology-led HR services consolidator pursuing inorganic growth.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ramssolgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ramssol Group Berhad