4 March 2016 р.

Leading Bangladeshi vehicle importer Rancon Automobiles rolls out IFS Applications for enhanced business visibility


Rangs Group extends its IFS investment to empower its import and distribution subsidiaries with enhanced information transparency and improved management control

IFS, the global enterprise applications company, announces that Rancon Automobiles Limited and Rancon Autos Limited has chosen to deploy IFS Applications™ to support mission-critical processes such as finance, distribution, service and maintenance, and human resources.

IFS first commenced implementations within the Rangs Group in 2012 and has since seen a rapid growth within the group with subsidiaries such as Rangs Limited, Rangs workshop limited, Rancon Motor Bikes limited, and Rangs Properties implementing IFS Applications.

When fully implemented at Rancon Automobiles and Rancon Autos, IFS Applications will be used by more than 400 staff across the Rangs Group, empowering group management with enhanced transparency and business control.

“Our ambition is to run a single platform across all our subsidiaries so that we have greater visibility of operations, profitability, and efficiencies across the group,” Rangs Group Bangladesh Chairman Romo Rauf Choudhury said. “We want to drive the group forward and take advantage of the economies of scale when dealing with suppliers and principals, and a central platform will help us achieve this. We have had a great relationship with IFS, which is why we have decided to expand our existing IFS platform to support additional companies in the group.”

IFS Bangladesh country director Asanga Marasinghe added, “IFS is looking forward to yet another successful implementation within the Rangs Group. All IFS implementations follow very high standards and are executed by experienced consultants and project managers. Beyond the sales, consulting, implementation and support IFS usually provides, IFS has also helped establish internal competencies within the Rang’s Group, which will enable the company to provide first-line support to the organization’s employees using internal resources. We are very proud of the trust that the Rangs Group places in our solutions and people and we look forward to continuing our mutually beneficial partnership.”

Present at the official signing of the agreements were Zahid Khan, Head of Operations at IFS Bangladesh, Shiraz Lye, Director Sales and Marketing at IFS South Asia, Asanga Marasinghe, Country Director IFS Bangladesh, Romo Rauf Choudhury, Rangs Group Chairman, Tawhidhur Rahman, Head of Group IT at Rangs Groups, and Daryl Fraser, Chief Operating Officer of Rancon Automobiles Ltd.

About Rangs Group

Rangs Group is one of the largest Bangladeshi industrial conglomerates with interests in automobile, electronics, real estate and shipping sectors. Rancon Automobiles Limited which is a part of the Rangs Group is a leading importer of various types of commercial vehicles in Bangladesh and is currently the sole distributor of several Asian commercial automotive brands such as JMC and CHONGQING SOKON MOTOR. Rancon Autos Limited which is also a part of the group is the sole distributor of MAHINDRA brand commercial vehicles in Bangladesh.

About IFS

IFS™ is a globally recognized leader in developing and delivering enterprise software for enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise service management (ESM). IFS brings customers in targeted sectors closer to their business, helps them be more agile and enables them to profit from change. IFS is a public company (XSTO: IFS) founded in 1983 and currently has over 2,800 employees. IFS supports more than 1 million users worldwide from its network of local offices and through a growing ecosystem of partners. For more information visit: www.ifsworld.com.

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Contact Information

Surekha Jayasinghe

Contact Surekha Jayasinghe