Coforge Ltd.
| File:Coforge-Logo.png NIIT Technologies Campus.JPG | |
| File:NIIT Technologies Campus.JPG Coforge headquarters in Greater Noida | |
Formerly | NIIT Technologies |
|---|---|
| Public | |
| Traded as | |
| ISIN | 🆔ISIN: [https://en.everybodywiki.com/index.php?title=Toollabs:isin/&language=de&isin=INE591G01017 INE591G01017] |
| Industry | Information technology |
| Founded 📆 | 13 May 1992 |
| Founder 👔 | |
| Headquarters 🏙️ | Noida, Uttar Pradesh, India |
Area served 🗺️ | Worldwide |
Key people | Sudhir Singh (CEO)[1] |
| Services | |
| Revenue🤑 |  ₹12,050 crore (US$1.7 billion) (2025) |
| ₹2,171 crore (US$300 million) (2025) | |
| ₹963 crore (US$130 million) (2025) | |
| Members | |
Number of employees | 24,607 (December 2023)[2] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
| Footnotes / references Financials as of 31 March 2025[update].[3] | |
Coforge Limited is an Indian multinational information technology company headquartered in Noida, Uttar Pradesh, India,[4] with operations in over 21 countries, including the United States, United Kingdom, Australia, Singapore, and markets across Europe and Asia-Pacific.[5][6]
The company is listed on Bombay Stock Exchange (BSE: 532541) and the National Stock Exchange of India (NSE: COFORGE).[7][8][9]
History
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 2006, the company acquired UK Insurance Solutions Company. In the same year company partnered with Adecco SA.[11] In 2008, the company signed a multi-million-pounds deal with British Airways.[12]
In 2012, the company implemented "Intranet Prahari" project for Border Security Force approved by the Government of India.[13] In the same year, Indian Tobacco Board awarded a contract to the company for the implementation of e-auction system in Karnataka and Andhra Pradesh.[14]
In September 2012, the company launched Crew Wings, an application for Airline Cabin Crew Members.[15] In the same year, the company acquired Sabre Holdings' Philippines Development Center.[16]
In 2018, the Company acquired controlling interest in RuleTek, a US-based BPM architecture services company. After the acquisition, Coforge's digital arm Incessant Technologies controls 55% of Ruletek.[17]
In April 2019, Baring Private Equity Asia acquired a 30.6% stake in NIIT Technologies from the promoter group for ₹2,627 crore.[18] In July 2019, Baring increased its shareholding by 35% via an open offer to public shareholders for ₹3,045 crore.[19]
In 2020, NIIT Technologies was re-branded as Coforge.[1][20]
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.[21]
By August 2023, Baring Private Equity Asia divested its entire 70% stake in Coforge, selling it across multiple tranches beginning in October 2020.[22][23]
In May 2024, Coforge announced that it would acquire a 54% stake in Cigniti Technologies.[24] In 2025, it completed acquisitions of US-based Rythmos and Australia-based TMLabs to enhance its cloud engineering, data, and ServiceNow ecosystem services.[25] That same year, Coforge signed a $1.56 billion, 13-year agreement with Sabre Corporation to deliver AI-enabled travel solutions.[26]
References
- ↑ 1.0 1.1 1.2 "NIIT Technologies rebrands as Coforge - ET BrandEquity". ETBrandEquity.com.
- ↑ Sureban, Haripriya (24 January 2024). "Coforge to increase employee headcount in a bid to target growth". BusinessLine. Retrieved 30 January 2024.
- ↑ "Investor Presentation Q4 & FY25" (PDF). Coforge Limited. Retrieved 28 May 2025.
- ↑ "Coforge - JM Financial Report" (PDF). bsmedia.business-standard.com.
- ↑ "Coforge Ltd". Icicidirect.com.
- ↑ "COFORGE Stock Report - COFORGE Stock Insights, COFORGE Stock Analysis and details". The Economic Times.
- ↑ "Coforge Limited". NSEIndia.[permanent dead link]
- ↑ "COFORGE Ltd. BSE India". BSEIndia.
- ↑ 9.0 9.1 "Coforge Ltd Stock Price - (2369.60), Coforge Ltd Share Price Live Today, Coforge LtdStock Live BSE/NSE Share Price". Financialexpress.com.
- ↑ "The Men Behind NIIT". DATAQUEST. 24 October 2002. Retrieved 24 March 2023.
- ↑ "NIIT partners with Adecco to provide enhance services". Moneylife NEWS.
- ↑ "NIIT Tech signs 3-yr multi-mn pound deal with British Airways". mint. 26 September 2008.
- ↑ "NIIT Tech - 'Intranet Prahari' project for Border Security Force launched by Hon'ble Union Home Minister". Moneycontrol.com.
- ↑ "NIIT Technologies in pact with India Tobacco Board". The New Indian Express.
- ↑ "NIIT Technologies Launches Crew Wings, For Airline Cabin Crew Members". Firstpost. 5 September 2012.
- ↑ "NIIT Technologies acquires Sabre's Philippines Development Center". The Economic Times.
- ↑ "NIIT Tech's arm to acquire 55% interest in US firm RuleTek". mint. 2017-05-31.
- ↑ Pandey, Piyush (7 April 2019). "Baring Private Equity to acquire 30% stake in NIIT Technologies for ₹2627 crore". The Hindu. Retrieved 24 March 2023.
- ↑ "Baring PE Asia ups open offer size for NIIT Technologies". VCCircle. Retrieved 24 March 2023.
- ↑ "New strategy under a new brand? | CEO Sudhir Singh of Coforge to ET Now". Timesnownews.com.
- ↑ "Coforge to acquire 60% of SLK Global Solutions for Rs 918 crore". The Economic Times. 12 April 2021.
- ↑ Ramarathinam, Ashwin (19 May 2021). "Baring PE Asia sells 5.12% stake in Coforge for Rs1,008 crore". mint. Retrieved 30 January 2024.
- ↑ "Baring PE sells its entire stake in Coforge". The Economic Times. 25 August 2023. Retrieved 30 January 2024.
- ↑ Mukherjee, Saurav (2 May 2024). "Coforge to acquire Cigniti Technologies' 54% stake at ₹1,415 per share". Mint. Retrieved 3 May 2024.
- ↑ "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. 2025-03-05. Retrieved 2025-04-11.
- ↑ "Coforge signs $1.56 billion deal with US travel firm Sabre". The Economic Times. 4 March 2025.
External links
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