Coforge
{{short description|Indian multinational technology company}}
{{Undisclosed paid|date=September 2022}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
| name = Coforge Ltd.
| logo = Coforge-Logo.png
| image = NIIT Technologies Campus.JPG
| image_caption = Coforge headquarters in Greater Noida
| former_name = NIIT Technologies
| type = Public
| traded_as = {{Plainlist|
- {{BSE|532541}}
- {{NSE|COFORGE}}
}}
| ISIN = {{ISIN|sl=n|pl=y|INE591G01017}}
| foundation = {{start date and age|df=yes|1992|05|13}}
| location = Noida, Uttar Pradesh, India
| industry = Information technology
| area_served = Worldwide
| key_people = Sudhir Singh (CEO){{cite web |title=NIIT Technologies rebrands as Coforge - ET BrandEquity |url=https://brandequity.economictimes.indiatimes.com/news/marketing/niit-technologies-rebrands-as-coforge/77718385 |website=ETBrandEquity.com |language=en}}
| services = {{plainlist|
- Digital supply chain
- Artificial intelligence
- Cloud infrastructure
- Data management
- Enterprise applications}}
| revenue = {{increase}} {{INRConvert|12050|c}} (2025)
| operating_income = {{increase}} {{INRConvert|2171|c}} (2025)
| net_income = {{increase}} {{INRConvert|963|c}} (2025)
| num_employees = 24,607 (December 2023){{cite news |last1=Sureban |first1=Haripriya |title=Coforge to increase employee headcount in a bid to target growth |url=https://www.thehindubusinessline.com/companies/coforge-to-increase-employee-headcount-in-a-bid-to-target-growth/article67769478.ece |access-date=30 January 2024 |work=BusinessLine |date=24 January 2024 |language=en}}
| website = {{URL|https://www.coforge.com/}}
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.{{cite web |title=Investor Presentation Q4 & FY25 |url=https://www.coforge.com/hubfs/Q4_FY25_Presentation.pdf |publisher=Coforge Limited |access-date=28 May 2025}}
}}
Coforge, formerly known as NIIT Technologies, is an Indian multinational information technology company based in Noida, India and New Jersey, United States. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.{{cite web |title=Coforge Limited |url=https://www1.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=COFORGE |publisher=NSEIndia}}{{cite web |title=COFORGE Ltd. BSE India |url=https://www.bseindia.com/stock-share-price/coforge-ltd/coforge/532541/ |publisher=BSEIndia}}{{cite news |title=Coforge Ltd Stock Price - (2369.60), Coforge Ltd Share Price Live Today, Coforge LtdStock Live BSE/NSE Share Price |url=https://www.financialexpress.com/market/stock-market/niit-technologies-ltd-stock-price/ |work=Financialexpress.com}}
History
The company was incorporated in 1992 as NIIT Technologies Ltd, the software services division of NIIT.{{cite news |title=The Men Behind NIIT |url=https://www.dqindia.com/the-men-behind-niit/ |access-date=24 March 2023 |work=DATAQUEST |date=24 October 2002}}
In 2006, the company acquired UK Insurance Solutions Company. In the same year company partnered with Adecco SA.{{cite news |title=NIIT partners with Adecco to provide enhance services |url=https://www.moneylife.in/article/niit-partners-with-adecco-to-provide-enhance-services/5527.html |work=Moneylife NEWS}} In 2008, the company signed a multi million pounds deal with British Airways.{{cite news |title=NIIT Tech signs 3-yr multi-mn pound deal with British Airways |url=https://www.livemint.com/Industry/5Nh6yDb5khXsMm2gU9hbxM/NIIT-Tech-signs-3yr-multimn-pound-deal-with-British-Airway.html |work=mint |date=26 September 2008 |language=en}}
In 2012, the company implemented "Intranet Prahari" project for Border Security Force approved by Government of India.{{cite web |title=NIIT Tech - 'Intranet Prahari' project for Border Security Force launched by Hon'ble Union Home Minister |url=http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=511225&classic=true |website=Moneycontrol.com}} 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.{{cite news |title=NIIT Technologies in pact with India Tobacco Board |url=https://www.newindianexpress.com/business/2012/aug/02/niit-technologies-in-pact-with-india-tobacco-board-392933.html |work=The New Indian Express}}
In September 2012, the company launched Crew Wings, an application for Airline Cabin Crew Members.{{cite web |title=NIIT Technologies Launches Crew Wings, For Airline Cabin Crew Members |url=https://www.firstpost.com/business/niit-technologies-launches-crew-wings-for-airline-cabin-crew-members-1890333.html |website=Firstpost |date=5 September 2012}} In the same year, the company acquired Sabre Holdings' Philippines Development Center.{{cite news |title=NIIT Technologies acquires Sabre's Philippines Development Center |url=https://economictimes.indiatimes.com/tech/software/niit-technologies-acquires-sabres-philippines-development-center/articleshow/16350119.cms |work=The Economic Times}}
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 control 55% of Ruletek.{{cite web |title=NIIT Tech's arm to acquire 55% interest in US firm RuleTek |url=https://www.livemint.com/Companies/NMF2OkM9NkxQZGPOAxaQBO/NIIT-Techs-arm-to-acquire-55-interest-in-US-firm-RuleTek.html |website=mint |language=en |date=2017-05-31}}
In April 2019, Baring Private Equity Asia acquired a 30.6% stake in NIIT Technologies from the promoter group for {{INR}}2,627 crore.{{cite news |last1=Pandey |first1=Piyush |title=Baring Private Equity to acquire 30% stake in NIIT Technologies for ₹2627 crore |url=https://www.thehindu.com/business/baring-private-equity-to-acquire-30-stake-in-niit-technologies-for-2627-crore/article26760837.ece |access-date=24 March 2023 |work=The Hindu |date=7 April 2019 |language=en-IN}} In July 2019, Baring increased its shareholding by 35% via an open offer to public shareholders for {{INR}}3,045 crore.{{cite news |title=Baring PE Asia ups open offer size for NIIT Technologies |url=https://www.vccircle.com/baring-pe-asia-ups-open-offer-size-for-niit-technologies |access-date=24 March 2023 |work=VCCircle}}
In 2020, NIIT Technologies was re-branded as Coforge.{{cite news |title=New strategy under a new brand? {{!}} CEO Sudhir Singh of Coforge to ET Now |url=https://www.timesnownews.com/videos/et-now/exclusive/new-strategy-under-a-new-brand-ceo-sudhir-singh-of-coforge-to-et-now/73951 |work=Timesnownews.com |language=en}}
In April 2021, Coforge acquired 60% stake in SLK Global Solutions for {{INR}}918 crore. After this acquisition, the company's employee count rose to 21,000 having inherited SLK's employee strength of 10,000.{{cite news |title=Coforge to acquire 60% of SLK Global Solutions for Rs 918 crore |url=https://economictimes.indiatimes.com/tech/information-tech/coforge-acquires-majority-stake-in-slk-global-for-rs-918-crore/articleshow/82031106.cms |website=The Economic Times|date=12 April 2021 }}
By August 2023, Baring Private Equity Asia divested its entire 70% stake in Coforge, selling it across multiple tranches beginning in October 2020.{{cite news |last1=Ramarathinam |first1=Ashwin |title=Baring PE Asia sells 5.12% stake in Coforge for Rs1,008 crore |url=https://www.livemint.com/companies/news/baring-pe-asia-sells-5-12-stake-in-coforge-for-rs1-008-crore-11621440070783.html |access-date=30 January 2024 |work=mint |date=19 May 2021 |language=en}}{{cite news |title=Baring PE sells its entire stake in Coforge |url=https://economictimes.indiatimes.com/markets/stocks/news/baring-pe-sells-its-entire-stake-in-coforge/articleshow/103038069.cms |access-date=30 January 2024 |work=The Economic Times |date=25 August 2023}}
In May 2024, Coforge announced that it would acquire a 54% stake in Cigniti Technologies.{{cite news |last1=Mukherjee |first1=Saurav |title=Coforge to acquire Cigniti Technologies' 54% stake at ₹1,415 per share |url=https://www.livemint.com/companies/news/coforge-to-acquire-cigniti-technologies-54-stake-at-rs-1-415-per-share-deal-likely-to-complete-by-q2fy25-11714654291801.html |access-date=3 May 2024 |work=Mint |date=2 May 2024 |language=en}}
In March 2025, Coforge acquires Rythmos and TMLabs for $30 million and AUD 20 million respectively{{Cite web |last=Bureau |first=BL Mumbai |date=2025-03-05 |title=Coforge Limited has announced two strategic acquisitions to enhance its technology service offerings, targeting growth in data practices, cloud engineering, and ServiceNow ecosystem services |url=https://www.thehindubusinessline.com/markets/stock-markets/coforge-shares-rises-8-acquires-2-acquisitions-to-boost-cloud-servicenow-services/article69292934.ece |access-date=2025-04-11 |website=BusinessLine |language=en}}
Philanthropy
Coforge collaborated with NIIT Foundation and launched a CSR initiative "Shiksha." Coforge has four operational centers training over 5,000 underprivileged youth in IT skills and employability. Coforge also sponsored the restoration of Neknampur Lake, a 98 acres lake in Telangana.{{cite web |title=Coforge Directors Report {{!}} Coforge Director Details - The Economic Times |url=https://economictimes.indiatimes.com/coforge-ltd/directorsreport/companyid-858.cms |website=economictimes.indiatimes.com}} In February 2024, Coforge inaugurated a free public library in Noida.{{cite web |title=How Noida’s Public libraries are providing a haven for competitive exam aspirants |url=https://www.hindustantimes.com/cities/noida-news/noidas-public-libraries-a-haven-for-competitive-exam-aspirants-101708886846609.html |publisher=Hindustan Times |access-date=26 February 2024}}
References
{{reflist}}
External links
- {{URL|https://www.coforge.com/|Official site}}
{{Nifty 200 companies}}
Category:Indian companies established in 1981
Category:Information technology companies of India
Category:Technology companies established in 1981
Category:Companies based in Princeton, New Jersey
Category:Companies listed on the National Stock Exchange of India