Kochi Infopark inks lease with Geojit, hopes to woo fintech firms | Kochi

Kochi: Investment services major Geojit Financial Services Ltd has signed an agreement with Infopark Kochi to build a new office space on the latter’s campus, in a move expected to boost the overall development of the IT, finance and investment sectors in Kerala.

Infopark CEO Susanth Kurunthil and Geojit CEO CJ George entered into a lease of 1.25 acres of land to build IT/ITES infrastructure. The project in Infopark Kochi Phase II will see development of 1.25 lakh square feet of built-up area and it is expected to be completed in three phases, Kerala IT Parks said in a press release.

Infopark officials and Geojit Managing Directors A Balakrishnan, Satish Menon and Jones George, and CFO Mini Nair attended the event held at the Park Center of Infopark Kochi.

In the first phase, Geojit will begin construction to host the data center, customer processing and peripheral operations on 55,000 square meters of space. With the completion of the construction, Geojit Technologies’ development center will be moved to the new premises. As part of the project, many facilities such as tele-commerce centers, customer experience development centers, software labs and ample parking facilities will be available at the new campus, according to the press release.

“Infopark Kochi has played a significant role in the development of Kerala. The best talent, stable infrastructure, secured environment and single window clearances are some of the features that attracted us towards Infopark,” said CJ George.

Infopark CEO Susanth Kurunthil said, “As a torchbearer in financial and investment services, Geojit’s tie-up with Infopark is a great partnership. It will attract firms that see Kerala as an emerging fintech hub. The partnership has the potential to inspire big companies and will pave the way for employment and better investment.”