Latest news with #TheNovigoStory
The Hindu
6 days ago
- Business
- The Hindu
‘HR cost in Mangaluru is 30-35% lower than tier 1 cities'
Highlighting the city's potential to host upcoming IT and ITES enterprises, Roopa Bhat Jacob from Mangal Analytics and Research Consulting said that the human resources costs here are 30-35% lower than those in tier 1 cities. Giving a presentation at the conclusion of 'The Novigo Story' hosted by Vertex Managed Workspace here on July 18, Ms. Jacob, a business development manager with Mangal said, 'With 10 incubators support early-stage ventures, 92.1% graduate success and new new IT office space coming up, we're targeting 2 lakh IT jobs by 2033, five unicorns, and $10 billion in exports.' She further said, 'Mangaluru now contributes 14.3% of Karnataka's GDDP—the second highest in the State. In FY24, IT exports crossed ₹3,000 crore, generating over ₹60 crore in GST and ₹1,800 crore in salaries. Over 220 IT/ITES firms operate here, with 40 new entrants last year alone.' She also acknowledged the role of enabling infrastructure in driving this momentum. 'Workspace providers like Vertex, WrkWrk, Bharath Group, Karuna, Workshaala, and Regus are building over 15 lakh sq. ft. of plug-and-play facilities, empowering startups and enterprises alike. These flexible, tech-ready offices are powering Mangaluru's emergence as a regional innovation hub and positioning it as a Bengaluru+1 destination for GCCs,' Ms. Jacob said.
The Hindu
22-07-2025
- Business
- The Hindu
Novigo reinvests 10-15% of its revenues in research, innovation and new capabilities: CCO Shihab Kalandar
Reinvesting 10-15% of its revenues in research, innovation and new capabilities, Mangaluru-based Novigo Solutions Pvt., Ltd., is building autonomous AI agents that can execute end-to-end decisions across complex processes with minimal human oversight, said Shihab Kalandar, co-founder and chief commercial officer (CCO) of Novigo. Speaking at 'The Novigo Story' event organised by Vertex Managed Workspace here on July 18, Mr. Kalandar said, 'It's the future of enterprise operations, and we're proud to be leading from Mangaluru.' The company has been at the forefront of agentic automation and is a UiPath fast-track partner. He further said Novigo's identity is deeply intertwined with its birthplace. 'Mangaluru is close to our heart. We take pride in being recognised as a Mangalurean company, and 50% of our workforce is homegrown. We intend to maintain that standard.' Novigo managing director Praveen Kumar Kalbavi traced his journey from being an Infosys employee to returning to the tech world as an entrepreneur with three co-founders. Founded in 2011, Novigo has evolved into a global tech player with over 900 employees, five offices in India and over 130 clients in the USA, UK, UAE, Netherlands, Saudi Arabia and Singapore.
