Technopark gets Crisil A+ stable rating for fifth time

T'puram: In a significant achievement, Technopark has been awarded a ‘Crisil A+/Stable (Reaffirmed)' rating for the fifth year by Credit Rating Information Service of India Ltd (Crisil) for maintaining a robust and proper financial position and progress. Technopark, India's first IT Park, first achieved an A+/Stable rating in 2021, after maintaining a Crisil A/Stable rating for two consecutive years. In 2024, Technopark got a ‘Crisil A+/Stable' rating for the fourth year in a row.The rating agency noted that the standalone business and financial risk profiles of Technopark have no fungible cash flow with any other entity. The steady cash flow, supported by healthy occupancy, diversified clientele, and strong debt protection metrics backed by low debt and comfortable liquidity, were the parameters that made Technopark stand out. Technopark's operating performance remained healthy, with income expected to increase over the medium term (20% in fiscal 2026), driven by long-term agreements of 3-5 years for the majority of tenants, with built-in rental escalations of 5-15% every 1-3 years and higher rentals for newer tenants. Occupancy levels for Technopark Phases I and III were high at 97 and 100% as on Dec 31, 2025, while the occupancy in Phases IV and V (Kollam) has improved to 90% (up from 81% as on March 31, 2024) and 62% (55% as on March 31, 2024), supporting revenue visibility. Sandip Kumar, CEO of Technopark, said the inspiring achievement is a testimony to Technopark's legacy and that it strives to offer a sustainable and robust IT ecosystem, besides maintaining a strong financial status in future.