From Kochi to the world: Naviq Technology begins operations to power global travel with AI
With a planned $500 million investment over the next five years, Naviq Technology, launched by IBS Software, aims to accelerate AI adoption for airlines, airports, and cruise operators
Naviq Technology, a new AI-focused travel technology company promoted by IBS Software, has launched operations in Kochi, Kerala, with approximately 2,000 employees. The company, inaugurated at Infopark, aims to develop AI-based solutions for airlines, airports, cruise operators, and hospitality, with plans for significant investment and expansion over the next five years
Naviq Technology, a new AI-focused travel technology company promoted by IBS Software, has launched operations in Kochi, Kerala, with approximately 2,000 employees. The company, inaugurated at Infopark, aims to develop AI-based solutions for airlines, airports, cruise operators, and hospitality, with plans for significant investment and expansion over the next five years
Naviq Technology, a new AI-focused travel technology company promoted by IBS Software, has launched operations in Kochi, Kerala, with approximately 2,000 employees. The company, inaugurated at Infopark, aims to develop AI-based solutions for airlines, airports, cruise operators, and hospitality, with plans for significant investment and expansion over the next five years
Naviq Technology, a new artificial intelligence-focused travel technology company promoted by the IBS Software Group, began operations from Kochi on July 23 with about 2,000 employees.
The company was inaugurated at Infopark, Kochi, by Chief Minister V.D. Satheesan and Industries and IT Minister P.K. Kunhalikutty. IBS Software said Naviq has been established as an independent company to develop AI-based solutions for airlines, airports, cruise operators and hospitality companies. It plans to expand to 5,000 employees over the next five years.
IBS Software founder and executive chairman V.K. Mathews said the company planned to invest about $500 million during the next five years, with a substantial share of the expenditure expected to be made in Kerala.
Describing Naviq as a “vertical AI company for the travel sector”, Mathews said it would focus on accelerating the adoption of artificial intelligence across travel operations. He said the global travel sector, which IBS serves, was valued at around $12 trillion and was expected to undergo significant changes with the adoption of AI.
Mathews said Naviq would work on predictive and operational AI tools using travel data generated through airline, airport and cruise systems. “We don’t own the data, but we will be able to use it to develop predictive tools that can help customers improve their operations.”
IBS Software provides technology platforms to several international travel operators, including major airlines and airports such as Emirates, British Airways and Heathrow Airport.
The launch also provided the backdrop for a broader discussion on Kerala’s technology strategy. CM Satheesan said the government had established a Global Job Watch Tower to track technological changes and their impact on employment and future skills. Educational curricula and syllabi would be revised in line with emerging industry requirements, he said.
Kunhalikutty said the State IT Mission would be restructured as a Future Technology Mission to support the development of emerging technology sectors.
Mathews also said AI-related revenue was growing rapidly worldwide even as India’s traditional IT services business faced increasing pressure from automation. He cautioned that AI-driven changes could affect a significant share of existing jobs, making continuous learning and adaptation essential for workers and institutions.
Naviq currently has operations in more than 16 international locations and is expected to create opportunities for AI researchers, data scientists and other technology specialists working on travel technology applications.