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Coforge

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Coforge Ltd.
FormerlyNIIT Technologies
Company type
Public
ISININE591G01017
IndustryInformation technology
Founded13 May 1992; 33 years ago (1992-05-13)
HeadquartersNoida, Uttar Pradesh, India
Area served
Worldwide
Key people
Sudhir Singh (CEO)[1]
Services
RevenueIncrease ₹12,050 crore (US$1.3 billion) (2025)
Increase ₹2,171 crore (US$230 million) (2025)
Increase ₹963 crore (US$100 million) (2025)
Number of employees
32,497 (2025)[2]
Websitewww.coforge.com
Footnotes / references
Financials as of 31 March 2025.[3]

Coforge Limited, formerly known as NIIT Technologies Limited, is an Indian multinational information technology company based in Noida, Uttar Pradesh, India.[4] The company provides digital transformation, consulting, and IT services to industries such as banking, financial services and insurance (BFSI), travel and transportation, healthcare, manufacturing, and government.[5][6]

The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.[7][8][9]

History

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Coforge old logo

Coforge was founded on 13 May 1992 as NIIT Technologies and rebranded to Coforge Limited in August 2020.[1] Between 2006 and 2015, the company expanded internationally through acquisitions and partnerships, including a UK-based insurance solutions provider in 2006 and Sabre Holdings’ Philippines Development Center in 2012.[10][9]

In April 2021, Coforge acquired 60% stake in SLK Global Solutions for ₹918 crore. After this acquisition, the company's employee count rose to 21,000 having inherited SLK's employee strength of 10,000.[11]

By August 2023, Baring Private Equity Asia divested its entire 70% stake in Coforge, selling it across multiple tranches beginning in October 2020.[12][13]

In May 2024, Coforge announced that it would acquire a 54% stake in Cigniti Technologies.[14]

In March 2025, it completed acquisitions of US-based Rythmos and Australia-based TMLabs to enhance its cloud engineering, data, and ServiceNow ecosystem services.[15] That same year, Coforge signed a $1.56 billion, 13-year agreement with Sabre Corporation to deliver AI-enabled travel solutions.[16]

In December 2025, the company launched an agentic AI platform EvolveOps.AI.[17] It also launched Data Cosmos, a cloud-native data engineering and advanced analytics platform.[18]

Acquisition of Encora

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In December 2025, Coforge announced the acquisition of Encora, a data analytics and digital engineering company based in Silicon Valley, Northern California.[19] The acquition is completed in April 2026 for $2.5 billion.[20]

Operations

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Coforge employs over 32,483 technology & business process professionals and presence across 25 countries.[21][22] It provides digital, technology, and consulting services, including: Digital Engineering: Application development, modernization, and integration. Cloud & Infrastructure: Cloud migration, infrastructure management, and automation. Data & AI: Generative AI platforms Quasar and Orion, AI-powered software development, and dispute management solutions.[23][24]

Global Presence

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Coforge operates 33 global delivery centers and offices in more than 25 countries, with major hubs in India, the United States, United Kingdom, Australia, Singapore, and continental Europe. The company has expanded its role in global capability centers (GCCs), partnering with enterprises to set up and manage offshore and nearshore delivery models.[25][26]

CSR and Sustainability

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Coforge’s corporate social responsibility initiatives focus on education, environmental sustainability, and community development. Its 'Shiksha' program, in partnership with NIIT Foundation, trains over 5,000 underprivileged youth annually in IT and employability skills.[27] The company sponsored the restoration of Neknampur Lake, a 98-acre water body in Telangana, and established free public libraries in Noida and Gurgaon.[28] The Gurgaon library, opened in 2024, offers a dedicated community space with over 5,000 books, digital learning resources, and reading programs, aimed at promoting literacy and providing free access to knowledge in a calm, accessible environment.[29]

References

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  1. ^ a b "NIIT Technologies rebrands as Coforge - ET BrandEquity". ETBrandEquity.com.
  2. ^ "Coforge closes FY25 with 32% growth in constant currency, signs record $2.1 billion deals in fourth quarter". Fortune India. 5 May 2025.
  3. ^ "Investor Presentation Q4 & FY25" (PDF). Coforge Limited. Retrieved 28 May 2025.
  4. ^ "Coforge, Persistent outperform mid-tier peers amid slowdown". The Times of India. 10 February 2026.
  5. ^ Dann, Hansa Iyengar,Rohan Kulkarni,Melissa Fersht,Jason (1 July 2025). "Coforge drives impactful transformations with focused execution intensity". HFS Research.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ "Analytics India Magazine". analyticsindiamag.com.
  7. ^ "Coforge Limited". NSEIndia.[permanent dead link]
  8. ^ "COFORGE Ltd. BSE India". BSEIndia.
  9. ^ a b "Coforge Ltd Stock Price - (2369.60), Coforge Ltd Share Price Live Today, Coforge LtdStock Live BSE/NSE Share Price". Financialexpress.com.
  10. ^ "The Men Behind NIIT". DATAQUEST. 24 October 2002. Retrieved 24 March 2023.
  11. ^ "Coforge to acquire 60% of SLK Global Solutions for Rs 918 crore". The Economic Times. 12 April 2021.
  12. ^ Ramarathinam, Ashwin (19 May 2021). "Baring PE Asia sells 5.12% stake in Coforge for Rs1,008 crore". mint. Retrieved 30 January 2024.
  13. ^ "Baring PE sells its entire stake in Coforge". The Economic Times. 25 August 2023. Retrieved 30 January 2024.
  14. ^ Mukherjee, Saurav (2 May 2024). "Coforge to acquire Cigniti Technologies' 54% stake at ₹1,415 per share". Mint. Retrieved 3 May 2024.
  15. ^ "Coforge Limited has announced two strategic acquisitions to enhance its technology service offerings, targeting growth in data practices, cloud engineering, and ServiceNow ecosystem services". BusinessLine. 5 March 2025. Retrieved 11 April 2025.
  16. ^ "Coforge signs $1.56 billion deal with US travel firm Sabre". The Economic Times. 4 March 2025.
  17. ^ "Coforge launches agentic AI platform EvolveOps.AI". The Times of India. 25 December 2025.
  18. ^ "Analytics India Magazine". analyticsindiamag.com.
  19. ^ Rao, Rukmini (3 January 2026). "The $2.3 bn big-ticket acquisition: Will the Encora deal live up to the expectations set by Coforge?". Fortune India.
  20. ^ "Coforge completes Encora acquisition; secures $550 million loan, drops QIP plan". The Economic Times. 23 April 2026.
  21. ^ "Mid-tier IT cos expand GCC playbook". The Times of India. 28 May 2025.
  22. ^ B, Sanjana (29 June 2025). "India's IT sector evolves as GCCs become strategic allies, not rivals". BusinessLine.
  23. ^ "Coforge unveils generative AI-based solution named Coforge Orion". The Financial Express. 7 March 2024.
  24. ^ Bordoloi, Pritam (27 May 2024). "Coforge Builds GenAI Platform Quasar, Powered by 23 LLMs". Analytics India Magazine.
  25. ^ "Mid-tier IT cos expand GCC playbook". The Times of India. 28 May 2025.
  26. ^ B, Sanjana (29 June 2025). "India's IT sector evolves as GCCs become strategic allies, not rivals". BusinessLine.
  27. ^ "Sustainability Report" (PDF). Coforge.
  28. ^ Dhaor, Ashni (26 February 2024). "How Noida's Public libraries are providing a haven for competitive exam aspirants". Hindustan Times.
  29. ^ Roychowdhury, Adrija (23 June 2025). "This cosy new public library in Gurgaon invites people to leave the chaos behind and read for free". The Indian Express.
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