With the inauguration of its new subsidiary in India, Path Solutions Group is taking its expansion plans to the next level
Path Solutions, a leading global provider of Islamic banking software with an established presence across the Middle East, GCC, Africa, South East Asia and Europe today announced it has opened a new office in India to strengthen ties with the local software development community.
The new Indian facility of Path Solutions located at Infopark, Cherthala in Kerala state was inaugurated on 26 July 2013 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 included 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 and Mr. Bobby Kuriakose - Director Path Solutions India Pvt. Ltd.
Mr. Mohammed Kateeb, Group Chairman & CEO of Path Solutions said, “The opening of an office in Kerala is of great strategic and tactical importance to Path Solutions. India is a favorable market for software development. The Indian software industry is bound to grow significantly in the coming years, plus the abundance of technically qualified software manpower makes India one of the best destinations where software can be developed in the desired manner. This step will positively influence the dynamics of our company’s product development and support efforts by talented technical teams, and will foster creativity required for successfully competing in an extremely fast-paced business environment”.
Mr. Kateeb further added, “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.
Over the past 12 months, Path Solutions has outperformed competition by winning a record-breaking number of awards, among them the prestigious award for ‘Best Islamic IT Solutions Provider’ at the 7th London Sukuk Summit Awards for the second year running, and ‘Best Islamic Technology Provider’ award for the 5th consecutive year with unprecedented number of votes in REDmoney’s IFN 2013 Awards.
Moreover, Path Solutions ranked 1st Islamic Core Banking System Provider worldwide and 4th among the first five international IT vendors who achieved record sales performance in 2012 in IBS Annual Sales League Table 2013.
The newly established office 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 resources and capabilities enabling many more technological advancements and rapid growth.