Kochi: Chief Minister, Shri Pinarayi Vijayan today launched the work on the proposed fully-owned and managed office campus of IBS Software at Infopark, Kochi. This will be the second dedicated office campus of IBS in Kerala, after Technopark, Trivandrum.
Once completed, the Kochi office campus will have a built-up area of 6 lakhs sq. ft. in nearly five acres of SEZ land and will provide employment to over 6,000 employees. To be built in the most eco-friendly manner, the campus will also have state of the art facilities for an auditorium, basement parking, cafeterias, open theatre and recreation. The first phase of the construction is expected to be completed by April 2019.
In a release, V K Mathews, Founder & Executive Chairman of the IBS Group said, “We are now on the threshold of a new and exciting growth phase and our desire to have our second fully owned office campus is a testament to this. Choosing Kochi for our expansion plans is an acknowledgement not only of the facilitating infrastructure in the IT parks of the State, but also of the unstinted support we have received from successive Governments in Kerala. This is indeed a proud moment for all of us at IBS”
M Sivasankar IAS, IT Secretary, Government of Kerala; Hrishikesh Nair, CEO, Infopark; and Rajiv Shah, CEO of IBS, were among those present on the occasion.
Set up in 1997 in Trivandrum, IBS provides technology solutions, for the mission critical operations of airlines, airports, oil & gas companies, hotel groups, travel companies and cruise lines. Currently, IBS has over 200 customers all over the world including some of the world’s largest airlines (Lufthansa, Qantas, British Airways, Emirates, China Southern, All Nippon Airways), busiest airports (London’s Heathrow, Gatwick and Japan’s Haneda), top oil & gas companies (Shell, Chevron, British Petroleum, Conoco Phillips) and hotel groups (Starwood, Marriot, Hyatt).
In 2015, the world’s biggest private equity investor, Blackstone, invested Rs 1,400 crores in IBS for a minority shareholding. IBS currently has over 3,000 employees.
Kerala Biz News