Latest news with #VertexManagedWorkspace
The Hindu
24-07-2025
- 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.
Time of India
25-04-2025
- Business
- Time of India
Tenders for Keonics Software Park in Mangaluru soon: Chairman
Mangaluru: The tender process for setting up Keonics Software Park near Blue Berry Hills in Mangaluru will commence by the end of this month or at the beginning of next month, said Sharath Kumar Bachegowda, MLA, and also the chairman of Keonics. Tired of too many ads? go ad free now "Hopefully sometime in June, we will be able to commence the work," said Bachegowda. He was speaking on the topic - 'The rise of Global Capability Centres (GCC) and their importance to Mangaluru', at the 'Techwaves 2025 – Rise of the Silicon Beach of India' organised by the Vertex Managed Workspace here on Friday. "We have set ourselves about 30 months to inaugurate it; within which we want to complete the centre and hand it over to Mangaluru. What we did in Electronic City can be replicated in Mangaluru," he said. Bachegowda said an ecosystem will be created to make Mangaluru the second Electronic City of Karnataka . "Presently, we have an idea of putting up about four lakh square feet centre in Blueberry Hill, but this could go up to 10 lakh square feet, based on the zoning regulations which are due to be changed in Mangaluru. We have been working consciously to make sure that the tender and the way we structure the whole programme is more favourable for local players," he said. Calling Mangaluru one of the emerging cities, he said the coastal region has several engineering colleges. "We have got talent over here. Hence, we want to make sure that the talent present over here gets the opportunities," he said, promising govt support. "The govt will support you with Internet, power, taxes and tariffs. We have got about a 3.5-acre space, where we are looking to put up a really big IT centre similar to what Bengaluru has in its IT park," he added. Kobayashi Create India director Koki Kato and NIDEC Advanced Technology Corporation GM Takashi Miyasaka were felicitated on the occasion.
Time of India
22-04-2025
- Business
- Time of India
Mangaluru's rise as IT powerhouse to be discussed
Mangaluru: The city's rising status as the ' Silicon Beach of India ' will take centre-stage at TechWaves 2025 . Gurudutta Shenoy, managing partner of Vertex Managed Workspace , said that all leading IT companies from the region will come together to spark conversations around transformative technologies and futuristic workspaces at the event, organised by Vertex Workspace, at Vertex Five on Friday. He said, much is unfolding in Mangaluru's IT landscape, yet both the public and policymakers are unaware. The city currently boasts around 20,000 IT jobs, with plans to increase that number to two lakh by 2033. The gross state domestic product (GSDP) of Karnataka is estimated to reach Rs 28.8 lakh crore, and Mangaluru contributes 5.5% to Karnataka's GSDP, making it the second-largest contributor after Bengaluru. According to an estimate, he said that the city's IT sector alone generates over Rs 3,000 crore annually, and its share of Karnataka's IT/BPO exports is expected to rise from 1.5% to 5% in the coming years. There are about 15 incubation centres in the region supporting 125 plus startups, he said. At the event, the local IT community will engage in meaningful dialogue with the lawmakers. "Often, industry players remain unaware of their counterparts, and lawmakers may not have a clear picture of the companies operating in the region. This initiative is a step towards understanding Mangaluru's evolving IT landscape and strengthening the ecosystem," he said. Shenoy said the aim is to showcase the local IT ecosystem, especially homegrown talent, highlight emerging trends, attract foreign investment, and position the event as a must-attend for IT leaders. We hope to facilitate cross-industry collaboration among workspace providers, corporations, VCs, CXOs, and govt bodies to accelerate tech adoption. Discussions around deep tech, global capability centres, and digital inclusivity to reinforce the region's leadership in IT innovation will be held. While four panel discussions have been planned, MLA and Keonics chairman Sharath Kumar Bache Gowda will participate in a discussion with industry leaders on the rise of global capability centres and their importance to Mangaluru. Dakshina Kannada MP Captain Brijesh Chowta will participate in a discussion on the rise of deep tech in Mangaluru. Assembly speaker UT Khader will participate in a discussion on Mangaluru's dominance in the IT service industry. A discussion will also be held on the international property consultants, facilitators of growth in managed workspaces in Mangaluru, said Shenoy.
