Faizal and Shabana's KEF Infra goes global, joins hands with Katerra
Menlo Park, June 21: Katerra, a technology company revolutionizing the design and construction industries, and KEF Infra, an offsite manufacturing technology specialist, announced a merger today that will jointly expand their geographic reach, manufacturing capacity, and market expertise. Known as KEF Katerra, it will operate in the India and the Middle East markets.
Both companies employ a vertically integrated model, offering end-to-end building services enhanced by offsite manufacturing and enterprise technology. In addition to addressing housing needs, KEF Katerra will be actively engaged in building critical infrastructure such as hospitals and schools.
Founded in 2014, KEF Infra utilizes robotics and automation in its advanced manufacturing operations to deliver high quality building projects more quickly and efficiently. The industry-leading expert in factory made products such as pre-cast concrete, prefabricated bathroom pods, joinery and furniture and aluminum and glazing facades for the Indian and Middle East markets, KEF Infra has 1,400 employees and factories in Krishnagiri, Tamil Nadu and Lucknow, Uttar Pradesh in India. With the merger, Katerra will bring world-class pre-cast concrete technologies to the U.S. market, greatly expanding design and materials options for U.S. clients. At the same time, the merger will result in a more robust global supply chain and elevated manufacturing processes in existing KEF markets.
Katerra employs more than 2,000 people with operational factories in Greater Phoenix, Arizona and Shanghai, China, as well as two more U.S. factories in development. After the merger, there will be 20 offices worldwide and 3,400 employees.
“We are thrilled to merge with KEF Infra, a company that is truly a disruptor,” said Michael Marks, chairman and co-founder of Katerra. “It’s incredible to discover a team so aligned with our values and vision.”
“I am very excited by the prospects of this strategic alliance,” said Faizal Kottikollon, founder and chairman of KEF Infra. “We look forward to breaking new ground with such a like-minded team.”
About Katerra
Katerra is a technology company optimizing every aspect of building development, design and construction. With leaders from the most groundbreaking technology, design, manufacturing and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, Katerra has a growing number of domestic and international offices, factories and building projects. For more information, visit www.katerra.com.
About KEF Infra
KEF Infrastructure India Pvt. Ltd. or KEF Infra, a wholly owned entity of KEF Holdings PTE, was founded in India in 2014 by successful entrepreneurs Faizal Kottikollon and Shabana Faizal, who wanted to bring state-of-the-art infrastructure creation to India. The company is a technology-driven building manufacturing company that is dedicated to transforming the way that buildings and basic services are created and delivered in India by revolutionizing production, using world-class technology.
Courtesy: businesswire.com
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AI, AI Express look to add capacity amid IndiGo flight disruptions
New Delhi (PTI): Air India Group is looking to add capacity to help passengers impacted by the IndiGo flight disruptions.
"Since 4 December, economy class airfares on non-stop domestic flights have been proactively capped to prevent the usual demand-and-supply mechanism being applied by revenue management systems," a statement said on Saturday.
Both Air India and Air India Express have put in place caps on economy class fares.
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The statement from Air India came hours after the government announced introduction of airfare caps amid IndiGo flight disruptions.
Air India also said it is not technically possible to cap fares for all flight permutations.
"Air India and Air India Express are seeking to add capacity to help travellers and their baggage reach their destinations as quickly as possible," the statement said.
