Technopark Earns CRISIL A+/Stable Rating for Fourth Consecutive Year

TechnoparkToday December 2024: Technopark, India’s pioneering IT park based in Kerala’s capital, has once again achieved a remarkable milestone by securing the prestigious A+/Stable rating from CRISIL (Credit Rating Information Service of India Limited) for the fourth consecutive year. This recognition highlights Technopark’s robust financial standing, operational efficiency, and sustained progress in the IT sector.

First awarded the CRISIL A+/Stable rating in 2021, Technopark has consistently upheld this standard, reflecting its dedication to fiscal responsibility and strategic growth. The park currently hosts 490 IT and IT-enabled services (ITeS) companies, providing direct employment to an impressive 75,000 professionals.

The high occupancy rate across all Technopark campuses, combined with a diverse client base, ensures steady revenue streams. The rating also factors in Technopark’s flagship projects and pipeline initiatives, which underscore its ability to maintain consistent growth and innovation in the competitive IT landscape.

Commenting on the achievement, Col. Sanjeev Nair (Retd.), CEO of Technopark, said, “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.”

Smt. Jayanthi L., CFO of Technopark, emphasized the importance of strategic financial governance, stating, “The A+ rating, accompanied by a stable outlook, highlights our consistent ability to meet 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.”

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

The rating agency CRISIL, registered with the Securities and Exchange Board of India (SEBI), evaluated several critical parameters, including financial performance, operational excellence, and future project pipelines, to confer this coveted rating.

Technopark’s achievement not only reflects its status as a premier IT destination but also reinforces its position as a sustainable and resilient organization committed to setting benchmarks in financial and operational excellence.