V K Mathews elected as chairman of GTECH

Thiruvananthapuram, Jun 28 (PTI) V K Mathews, founder and Executive Chairman of IBS Software, has been elected chairman of Group of Technology Companies, the industry body of IT companies in Kerala, for 2024-2026.

Sreekumar V, centre head at Tata Elxsi Trivandrum, was elected the secretary by the Annual General Body Meeting of GTECH held here on Friday, according to a Group of Technology Companies (GTECH) release here.

The term of the new office-bearers runs for two years till April 2026.

The Group of Technology companies has as its members around 250 IT companies employing over 80 per cent of the workforce in Kerala.

Nearly two lakh IT professionals work in the state, most of whom are based out of the three IT parks – Technopark in Thiruvananthapuram, Infopark in Cochin and Cyberpark in Kozhikode. The export revenue of the IT companies based out of these parks touched Rs 20,000 crores for the financial year ending 2023.

Addressing the GTECH Annual General Body Meeting after the declaration of the new office bearers, Mathews said "Over the years, GTECH has become a trade association of consequence spearheading several business and social outreach initiatives positively impacting the youth of the state and the community at large." The role of GTECH is to facilitate the accelerated growth of the IT industry in Kerala by promoting and supporting existing IT companies, working closely with the government, handholding IT start-ups and engaging key influencers to mobilise public support for the industry.

"We at GTECH believe that supporting IT is supporting people as every direct employment by IT companies creates four indirect employment opportunities for the community," he said.

All major IT companies in Kerala – TCS, Infosys, Wipro, Cognizant, IBS Software, Tata Elxsi, Quest, Allianz, UST, EY – as well as medium and small companies are members of GTECH. PTI TGB TGB SS