Technopark

What Technopark does

Technopark is a government-owned IT park and real estate platform operated under the Electronics and Information Technology Department of Kerala on a 768-acre campus in Thiruvananthapuram. Established in 1990, it is positioned as India's first IT park and largest green technology park, with built-up area that grew from 60 lakh sq ft in 2011-12 to 106.07 lakh sq ft by 2020-21 and an additional 21.12 lakh sq ft added since 2021-22. The business offers five core space products — plug-and-play offices, warm shell space, custom-built space, co-working space, and long-term land leases — supplemented by shared amenities (visitor management, ticketing, facility booking, conference halls, recreation, accommodation) and an emerging co-developer model with private partners.

The company generates revenue primarily through recurring rental income from IT office space leasing and long-term land leases, with co-developer arrangements providing a managed-services revenue layer. Go-to-market is direct enterprise sales supplemented by co-developer MoUs, an online space request and queue system, and government/diplomatic engagement. Office rentals range from Rs 40-65 per sq ft per month, with fit-out costs approximately 35% below Tier-1 Indian cities, supporting a cost-advantaged positioning versus Bengaluru, Hyderabad, and Mumbai. Tenant segments include domestic and global IT/ITeS firms, technology startups (via co-working and the upcoming KSUM deep-tech hub), and global technology firms seeking cost-efficient operations; major named occupiers include TCS (1 million sq ft Digital Hub) alongside unnamed multinational corporations.

Name

Technopark

Legal name

Technopark

Website

https://technopark.org

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Technopark is a government-owned IT park in Thiruvananthapuram, Kerala, offering plug-and-play offices, warm shell space, custom-built facilities, co-working, and land leases to domestic and global IT/ITeS firms, startups, and multinational tenants across its 768-acre campus.

Ownership category

akta.pro rank

Product category

IT Park Infrastructure

akta.pro primary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• IT office leasing
• Technology park infrastructure
• Co-working space
• IT campus development
• Government technology park

Headquarters

HQ city

Thiruvananthapuram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. IT Office Space Leasing: Technopark leases IT built-up space including fully furnished plug-and-play facilities, warm shell spaces, and custom-built spaces to tenant companies, generating recurring rental income. Space options include co-working spaces for SMEs and start-ups as well as customisable long-term leases for larger organisations.
2. Land Long-Term Lease: Technopark offers prime land for long-term lease enabling businesses to develop their own facilities and campuses, providing a non-recurring land lease revenue stream.
3. Co-Developer Model: Technopark partners with co-developers to build additional IT buildings and commercial complexes, earning income through lease arrangements of co-developed spaces.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Technopark is a government-owned IT park located on a 768-acre campus in Thiruvananthapuram, Kerala, India. It provides IT office space in plug-and-play, warm shell, and custom-built formats, along with co-working spaces and land leases for IT companies, MNCs, and startups. Established in 1990 as India's first IT park, it operates a co-developer model with private partners to expand its infrastructure.

Product overview

Technopark operates as a unified IT infrastructure platform offering multiple property solutions across its 768-acre campus in Thiruvananthapuram, Kerala. The core offering consists of five distinct space types: Plug and Play IT Office Space (fully furnished, ready-to-occupy), Warm Shell Office Space (customizable interiors), Custom-Built Office Space (tailored to specifications), Co-Working Spaces (for startups and small businesses), and Land Lease (for companies to develop own facilities). Supporting infrastructure includes a world-class start-up support system with incubation and innovation support, shared-use facilities (conference halls, recreational zones, accommodation), and visitor management system. The platform is positioned as India's first IT Park and largest green technology park, serving as a business catalyst for technology companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Plug and Play IT Office Space
• Warm Shell Office Space
• Custom-Built Office Space
• Co-Working Spaces
• Land Lease
• Start-up Support System

Quantifiable outcome

• Expected income growth of 20% in fiscal 2026
• +2 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered strategic, flagship, core and minor.

• ConcentrixstrategicStrategic or Co-development Partner · 9 April 2026Concentrix renewed its partnership with Technopark in Marrakech during GITEX Africa 2026 to support Moroccan startups. The collaboration, initially signed a year ago, has helped select around fifteen startups across various sectors, with five actively incubated within Technopark and involved in real business opportunities.
• HiLITE GroupflagshipStrategic or Co-development Partner · 22 February 2026Technopark signed an MoU with HiLITE Group to develop 'Yoo Hub Trivandrum,' a 5.15 lakh sq ft IT Park spread over 18 floors on 1.88 acres at Technopark Phase-3 campus in Thiruvananthapuram. The project is expected to generate approximately 4,000 direct IT jobs and will be completed in three years. This is YOO's first globally branded IT Park collaboration, developed in association with the global design brand YOO.
• Brigade Enterprises LimitedcoreStrategic or Co-development Partner · 12 February 2026The foundation stone for a World Trade Center (WTC) project was laid at Technopark Phase I campus. Implemented by Brigade Enterprises Limited, the WTC is envisioned as a global business hub with 20 floors plus ground floor and four basements, aimed at attracting international investments to the Technopark ecosystem.
• Kerala Start-Up Mission (KSUM)coreStrategic or Co-development Partner · 31 January 2026KSUM is preparing to submit a Detailed Project Report and implementation proposal for an emerging technology start-up hub at Technopark Phase IV. The three-acre hub will feature prototyping labs, maker spaces, co-working and incubation areas focused on deep tech sectors including AI, robotics, renewable energy, and health tech. Construction is expected to begin in April following government approval.
• Tata Consultancy Services (TCS)flagshipStrategic or Co-development Partner · 18 January 2026TCS is establishing a Digital Hub at Technopark spanning over 1 million sq ft, focused on research and development in AI, aerospace, and robotics. The facility is set for inauguration with operations beginning by May, supporting up to 6,200 professionals initially and potentially expanding to 21,000.
• Consolidated Construction Consortium Ltd (CCZL)coreStrategic or Co-development Partner · 18 January 2026Construction work on the QUAD project, a flagship 30-acre integrated IT township at Technopark Phase IV, officially commenced. CCCZL is building the first phase involving an 8 lakh sq ft IT building within 36 months, projected to create approximately 26,000 direct jobs.
• Quarks Technosoft Pvt LtdminorStrategic or Co-development Partner · 1 January 2026Quarks Technosoft Pvt Ltd signed an MoU with Technopark, indicating a collaborative arrangement for operating within the Technopark ecosystem.
• Renew Capital PartnersstrategicStrategic or Co-development Partner · 8 December 2025Renew Capital Partners, a U.S. firm, signed a strategic partnership with Morocco's Technopark to support Moroccan startups and integrate them into the African entrepreneurial ecosystem. The partnership aims to provide funding, mentorship, and business opportunities to enhance the growth of startups and foster regional market access.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Singapore Science Park: Singapore Science Park is a government-supported technology and R&D park managed by Ascendas-Singbridge. It offers purpose-built office space and laboratory facilities for technology companies, comparable in function to Technopark but in a mature, premium market rather than an emerging cost-competitive hub.
• DLF Cyber City (Gurugram): DLF Cyber City is a privately-owned integrated commercial complex in Gurugram housing major IT/ITeS tenants including Google, Microsoft, and Accenture. As a privately-developed tech park, it serves similar enterprise tenants as Technopark but operates in a Tier-1 NCR location with private-sector ownership structure.
• Software Technology Parks of India (STPI): STPI is a government-of-India society operating multiple IT park facilities across the country under the Ministry of Electronics and IT. Like Technopark, it provides IT infrastructure for technology companies, but operates at a national level across dozens of cities versus Technopark's single-campus focus.

Direct peers

• International Tech Park Bangalore (ITPB): ITPB is a large-scale technology business park in Whitefield, Bangalore, jointly developed by Tata Realty and Singapore's Ascendas. It offers plug-and-play IT office space, data centres, and integrated township infrastructure comparable to Technopark's offering but in India's Tier-1 Bangalore market.
• Electronics City (Bangalore): Electronics City is one of India's oldest IT industrial parks, located in Bangalore's Anekal taluk, housing Infosys headquarters and many other IT majors. As a government-promoted industrial estate similar to Technopark's model, it pioneered India's IT park concept in 1978, predating Technopark by over a decade.
• Mindspace Business Parks (Hyderabad): Mindspace operates large integrated business parks in Hyderabad's HITEC City and other Indian tech corridors, offering IT office space, data centres, and SEZ facilities. K Raheja Corp's Mindspace portfolio competes for similar multinational IT/ITeS tenants as Technopark, but in the larger Hyderabad market.
• Cyberjaya (Malaysia): Cyberjaya is Malaysia's flagship MSC (Multimedia Super Corridor) zone, a government-supported technology park offering IT office space, data centres, and R&D facilities. Like Technopark, it functions as a government-promoted tech ecosystem targeting multinational tenants and startups in a non-Tier-1 location.
• Manyata Tech Park (Bangalore): Manyata Tech Park is a privately-owned integrated business park in Nagavara, Bangalore, housing major IT tenants. Comparable to Technopark in offering plug-and-play IT office space within an integrated ecosystem, but located in Bangalore's Tier-1 market versus Technopark's Tier-2 positioning.
• Hinjawadi IT Park (Pune): Hinjawadi (also Rajiv Gandhi Infotech Park) is a major IT park in Pune, Maharashtra, hosting IT/ITeS companies in a multi-phase development model similar to Technopark's phased approach. Comparable in targeting Tier-2 cost arbitrage versus Bangalore/Mumbai while serving enterprise technology tenants.

Regional players

• Dublin Silicon Docks / Digital Hub: The Digital Hub in Dublin is Ireland's government-supported technology cluster providing office space, incubation, and innovation services to tech companies. Like Technopark, it combines government backing with an innovation ecosystem for startups and multinationals, but serves the European market versus Technopark's India focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mytechnopark
• Facebookfacebook.com/TechnoparkTrivandrum

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Technopark