Technopark has achieved a CRISIL A+/stable rating for the fourth year in a row

In a significant achievement, Technopark has been awarded an A+/Stable rating by rating agency Credit Rating Information Services of India Limited (CRISIL) for the fourth consecutive year. Friday.

Technopark received an A+/stable rating from CRISIL in 2021, and has maintained the same for the last two years, a statement said.

The technopark is currently home to 490 Information Technology (IT) and Information Technology Enabled Services (ITES) companies employing 75,000 directly, it said.

It further said that high to almost full occupancy across all campuses of the Technopark with diverse customers ensures stable cash flow.

Additionally, ongoing major projects along with pipeline projects were critical benchmarks assessed by CRISIL and helped Technopark again achieve an A+/stable rating in 2024, the statement said.

Welcoming the achievement, Technopark CEO Col. Sanjeev Nair (Retd.), receiving 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 motivates us to push the boundaries, ensuring a future-ready IT ecosystem that maintains global standards,” he said.

“The A+ rating highlights our park’s continued ability to meet its financial obligations while maintaining long-term sustainability, along with a stable outlook. This achievement is a testament to our strong governance, strategic management and adherence to best practices in the industry,” he said.

Jayanti L., CFO of Technopark also welcomed this achievement and said that the stable approach further strengthened its ability to navigate economic fluctuations with flexibility.

“It is not only a matter of pride to be at the helm of such a legacy but also a responsibility – through continued financial vigilance, to ensure that the institution reaches new heights,” she said.

She further said that by aligning financial and operational goals, Technopark has imbibed the fundamental need for corporate sustainability and success, “serving as a catalyst for operational efficiency.”