Infopark, Kerala’s flagship IT hub, is gearing up for a major transformation. The park is planning an initial public offering (IPO), a move that would make it the first state government entity from Kerala to be listed on the stock exchanges.
According to officials, the IPO may only happen a few years down the line, once the park’s Phase III and Phase IV projects are firmly in place. As part of this roadmap, Infopark is taking steps to register itself as a company.
From charitable society to corporate entity
So far, Infopark has functioned as a charitable society, but this model has reached its limits. “That structure doesn’t provide the flexibility we need for future projects. Even the Central Board of Direct Taxes has clarified that IT parks are not charitable societies. So the first step is to register Infopark as a company,” said a source.
The corporate structure will not only make future joint ventures easier but also offer tax advantages. “If Infopark plans to go public, it needs to shift to a company model,” the source added.
Phase III and Phase IV in the pipeline
Work is already underway on Phase III, which could expand beyond the earlier projection of 300 acres and possibly stretch to 500 acres. The current goal is to finish at least half the project by 2030. Phase IV, on land previously owned by Traco Cable Company, will likely take off before Phase III. Land pooling for Phase III is expected to be wrapped up within eight months.
Market confidence and financial strength
Crisil Ratings reaffirmed Infopark’s A/Stable rating in July 2025, pointing to its strong cash position—around ₹174 crore as of March 31, 2025. Profits are also on the rise: ₹20.74 crore in FY25 compared with ₹13.15 crore the year before.
Market experts see the IPO plan as a positive step. “When it happens, it will help Infopark raise funds for expansion. But to attract investors, the state government may need to bring its holding below 50%,” said C J George, MD of Geojit Financial Services.
Connectivity push: road and metro
Alongside its IPO ambitions, Infopark has submitted major infrastructure proposals. One plan is an eight-lane road from Vyttila linking Phases I, II, III, and IV with NH 544 via the Angamaly–Kundanoor bypass.
On the public transport front, Infopark has sought an extension of the Kochi Metro’s Pink Line to Phase III. KMRL confirmed that provision for future corridor extensions has already been integrated into the ongoing metro works.
A bigger role in Kerala’s IT future
With expansion projects, stronger finances, and a move toward corporate restructuring, Infopark is positioning itself for the next stage of growth. An IPO would not only boost funding but also mark a historic step for Kerala’s IT sector.
