Technopark Gets CRISIL A+/Stable Rating for Fourth Year in a Row

THIRUVANANTHAPURAM:
In a significant achievement, Technopark has been awarded A+/Stable rating for the fourth consecutive year by the premier rating agency CRISIL for maintaining a robust as well as proper financial position and progress.

India’s first IT Park located in Kerala capital, Technopark received A+/Stable rating by CRISIL (Credit Rating Information Service of India Limited) in 2021, after which it had maintained CRISIL A/Stable inthe last two years as well.

At present Technopark is home to 490 IT/ITeS companies with a direct employability of 75,000.

The high to almost full occupancy in all campuses at Technopark with diversified clientele ensures steady cash flows, and the ongoing flagship projects along with the projects in pipeline were the critical parameters evaluated which made Technopark achieve the CRISIL A+/Stable in 2024.

“Securing the A+/Stable rating from CRISIL for the fourth consecutive year underscores Technopark’s unwavering commitment to financial excellence and sustainable growth. This milestone reflects our team’s dedication, proactive management practices, and the trust of our IT partners. It fuels us to push boundaries, ensuring a future-ready IT ecosystem that upholds global standards,” said Col Sanjeev Nair (Retd), CEO, Technopark.

“The A+ rating accompanied by a stable outlook, highlights our park’s consistent ability to meet its financial obligations while maintaining long-term sustainability. This achievement is a testament to our strong governance, strategic management, and adherence to best practices in the industry. The stable outlook further reinforces our ability to navigate through economic fluctuations with resilience. Being at the helm of such a legacy is not just a matter of pride but also a responsibility—to ensure that, through constant financial vigil, the organization reaches new heights,” said Smt. Jayanthi L, CFO of Technopark.

“By aligning financial and operational goals, we have embraced a fundamental requirement for corporate sustainability and success: serving as catalysts for operational efficiency,” she added.

CRISIL Ratings Limited is registered in India as a credit rating agency with the Securities and Exchange Board of India (“SEBI”).