About Company
About Us
Thimphu TechPark Limited (TTPL) is Bhutan’s first Information Technology (IT) Park, established as a strategic initiative by the Royal Government of Bhutan through the then Department of Information Technology and Telecom (presently Government Technology Agency) under the Ministry of Information and Communication. The park was developed with funding support from the World Bank Group under the Private Sector Development Project (PSDP), aiming to promote the IT/ITES sector, enhance national IT skills, and improve access to finance.
Built under a pioneering Public-Private Partnership (PPP) model, Bhutan’s first IT Park was jointly developed by Druk Holding and Investments Ltd. (DHI) with a 26% equity stake and Assetz Property Group holding 74% equity. This model facilitated the Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) mechanism, marking a significant milestone in Bhutan’s infrastructure development history.
The construction of the IT Park was completed on 30th April 2012, and operations commenced on 7th May 2012.
In a strategic move to enhance national digital capabilities, DHI assumed full ownership of the park, and the entity was officially incorporated as Thimphu TechPark Limited (TTPL) on 29th October 2014.
TTPL was initially mandated to:
- Attract and facilitate Foreign Direct Investments (FDIs) in the IT/ITES sector,
- Offer commercial spaces for global IT companies to establish operations in Bhutan,
- Manage and operate the Bhutan Innovation and Technology Center (BITC), which included a Tier-2 Data Center, Business Incubation Space, and a Shared Service Center to support innovation and entrepreneurship.
In 2019, TTPL embarked on a strategic transformation from a facility management entity to a software and IT services company, aligning with the national vision of digital transformation and innovation. This transition positioned TTPL as a Center of Excellence in Software Engineering, with a core focus on:
- Custom software development,
- Mobile and web-based application development,
- Implementation and support of ERP solutions such as IntegraSuite ERP and SAP,
- Data analytics and business intelligence services, and
- To continue with operation of BITC and leasing of commercial space to FDIs.
TTPL also emerged as the preferred IT service provider for DHI-owned companies, Government Technology Agency, various governmental agencies, development partners and private companies offering comprehensive and integrated IT solutions under a “One-Stop IT Service Provider” model.
Vision, Mission and Values
