Technopark Trivandrum Gets CRISIL A+/Stable Rating!

Technopark Trivandrum has achieved CRISIL”s A+/Stable rating, the first time in the last 10 years of CRISIL”s review. The facility was upgraded from CRISIL A/Stable, which it had for the last two consecutive years, on July 20. The upgraded rating was achieved majorly on the discipline exercised on long-term bank facilities.

Technopark CEO John M Thomas said Technopark has invariably maintained the strength of its financial stability and track record to win this achievement, despite the adverse conditions that Covid inflicted across the globe. “Amidst this ubiquitous pandemic, Technopark added around 40 companies to its tenant list, revealing the vigour and vastness of the infrastructure that it offers. Technoparks continuous improvement in financial position, coupled with infrastructure development, operational efficiency and strong plans have helped in achieving this goal,” he said.

Technopark Trivandrum had completely leased out IT office spaces in Phases I & III and also leased the entire land parcel on long-term lease to IT companies/ IT co-developers in Phases I & II. The list of companies in Technopark currently includes Infosys, UST Global, Tata Consultancy Services (TCS), Ernst & Young, Allianz, IBS Software, Oracle, Nissan, Guidehouse, SunTec, Tata Elxsi, Envestnet and Quest Global, among others. The growing IT infrastructurefacility of Technopark is supported through co-developers such as Embassy-Taurus, BrigadeEnterprises, Carnival Infopark, Seaview, Amstor House, and M-Squared.