Path Solutions Opens its First Facility in India at Infopark-Cherthala

TechnoparkToday.Com>> July 27, 2013: Path Solutions India Pvt. Ltd, a leading provider of Islamic core banking system today opened its first Global Support and Development Centre in India at Infopark Cherthala. The new office was inaugurated by Aroor MLA, Adv. A M Arif in the presence of Principal Secretary IT, GoK  P H Kurian, Infopark CEO Hrishikesh Nair and Path Solutions senior management comprising of Chairman and CEO Mohammed Kateeb, Executive VP for Operations & Global Support Jacob Zachariah and Path Solutions India Director Bobby Kuriakose.

Path Solutions India is a wholly owned subsidiary of Path Solutions K.S.C.C, Kuwait is a recognized market leader specialized in the provision of Islamic and Investment software solutions for banks and financial institutions. The company already has established presence in the Middle East, GCC, Africa, South East Asia and Europe with over 90 financial institutions using its Islamic core banking system.

“Kerala as an IT destination has gained a lot of prominence amongst Indian and global companies in the last couple of years. In March 2013 our exports touched the Billion dollar exports league by recording Rs.5300 crore. NASSCOM last week projected that IT exports in Kerala is expected to grow by 50% and Chief Minister Oommen Chandy has anticipated creation of over 30000 new jobs in the IT sector in the next 18 months. It is an interesting time to invest in Kerala and I am glad that Path Solutions has seen this potential and decided to invest into the State. Path Solutions is a known company in Islamic Banking solutions and we wish them great success for their global development centre that has been inaugurated today,” said Mr. P H Kurian at the event.

“Welcoming Path Solutions to Infopark Cherthala, I assure all support to the company from Infopark. We are able to provide good infrastructure facilities for the companies setting up offices in our spokes in Koratty and Cherthala. We have been getting quite a bit of enquiries into Cherthala and are hopeful of more companies extending their presence here in the near future,” said Infopark CEO Hrishikesh Nair.

“The Indian IT sector has built a strong reputation for its high standards of software development ability and service quality which have been acknowledged globally. The industry continues to set benchmarks through a series of strategic initiatives backed by a strong ecosystem of tech-savvy and multi-skilled workforce”, commented Mohammed Kateeb, Path Solutions’ Group Chairman & CEO in his address at the inauguration. “We believe that going forward; it is imperative and beneficial to have a flourishing India operation. Hence, with the opening of our first office in India, we are determined to take advantage of local skilled resources to build on our heritage of delivering value-added software solutions and services to our esteemed clients.”

“By the end of second quarter, we plan to have over 30 professionals working from our Global Support and Development Centre. We are keen to utilize the local skilled resources to build on our heritage of delivering value-added software solutions and services to our esteemed clients,” Mr. Kateeb further added.

After the inauguration of the office, an Ifthaar party was also organized to celebrate the breaking of fast during the Holy month of Ramzan in the new premises.