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Is it advisable to go with less well known company for ERP implementation?

The members of the implementing team that are going to be dedicated for your company during the implementation are a key success factor to consider. Rather than concentrating on having a big name behind your implementation, we would suggest you get more details of this less well known company.

If this small company has good capabilities among them and seem to be up to their promises in the contract, then this would be satisfying.

Sometimes big named companies would issue a sub contract to smaller implementing companies, but usually and for some reasons such implementations fail.

Again, you might get excited during the discussions held, but nothing is going to be guaranteed if not documented in the contract.