With the inauguration of its new subsidiary in India, Path Solutions Group is taking its expansion plans to the next level
Buoyed by the prospects of a fast-growing tech industry in India, the global provider of Islamic banking software, Path Solutions is all set to launch its first Indian subsidiary on Friday 26 July 2013. To be called Path Solutions India Pvt. Ltd., the company aims to strengthen ties with the local software development community while working in close collaboration with the government of Kerala.
The new Indian facility of Path Solutions located at Infopark, Cherthala will be inaugurated by Adv. Mr. A. M. Arif - Member of Legislative Assembly, Aroor, with Mr. Mohammed Kateeb, Chairman and CEO of Path Solutions Group presiding over the inaugural ceremony. Honorary guests will include Mr. P. H. Kurian - Principal Secretary IT Government of Kerala, Mr. Hrishikesh Nair - Infopark CEO, Mr. Jacob Zachariah - Executive Vice President Operations & Global Support at Path Solutions, Mr. Bobby Kuriakose - Director Path Solutions India Pvt. Ltd. and other local dignitaries.
“The Indian IT sector has built a strong reputation for its high standards of software development ability and service quality which have been acknowledged globally. The industry continues to set benchmarks through a series of strategic initiatives backed by a strong ecosystem of tech-savvy and multi-skilled workforce”, commented Mohammed Kateeb, Path Solutions’ Group Chairman & CEO. And he noted, “We believe that going forward, it is imperative and beneficial to have a flourishing India operation. Hence, with the opening of our first office in Kerala, we are determined to take advantage of local skilled resources to build on our heritage of delivering value-added software solutions and services to our esteemed clients”.
Path Solutions India Pvt. Ltd. is a wholly owned subsidiary of Path Solutions K.S.C.C., Kuwait which currently has offices in 12 countries worldwide. The company has over 90 clients globally; of the total, 43% of its client base is within GCC, 22% in Africa, 16% in the Middle East, 14% in Asia Pacific and about 5% in Europe.
The newly established office of Path Solutions at Infopark will rely on a dedicated team of consultants and engineers who live and work at the epicenter of software development and innovation and will cater to the growing software development and support needs in the region.
Being one of the major IT parks in India, Infopark has been growing fast ever since its inception in 2004, and within a short period of time, has attracted most notable IT companies willing to move on to the next stage of IT business. Path Solutions’ India office will benefit from a strategic partnership with the government of Kerala with access to qualified resources and capabilities enabling many more technological advancements and rapid growth.