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 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. [11]
In April 2019, Baring Private Equity Asia acquired a 30.6% stake in NIIT Technologies from the promoter group for ₹2,627 crore. [12] In July 2019, Baring increased its shareholding by 35% via an open offer to public shareholders for ₹3,045 crore. [13]
In 2020, NIIT Technologies was re-branded as Coforge. [1] [14]
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. [15]
By August 2023, Baring Private Equity Asia divested its entire 70% stake in Coforge, selling it across multiple tranches beginning in October 2020. [16] [17]
In May 2024, Coforge announced that it would acquire a 54% stake in Cigniti Technologies. [18] In 2025, it completed acquisitions of US-based Rythmos and Australia-based TMLabs to enhance its cloud engineering, data, and ServiceNow ecosystem services. [19] That same year, Coforge signed a $1.56 billion, 13-year agreement with Sabre Corporation to deliver AI-enabled travel solutions. [20]
Operations
Coforge operates delivery centers and offices in more than 21 countries, with major hubs in India, the United States, United Kingdom, Australia, Singapore, and continental Europe. The company is expanding its role in global capability centers (GCCs), partnering with enterprises to set up and manage offshore and nearshore delivery models. [21] [22]
Coforge 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]
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₹12,050 crore (US$1.4 billion) (2025)