Coforge Limited is an Indian multinational information technology services company headquartered in Noida, Uttar Pradesh. The company is listed on India's National Stock Exchange and Bombay Stock Exchange under the symbol COFORGE.[5]
The company was founded on 13 May 1992 and was originally incorporated as NIIT Investments Private Limited; it later changed its name to NIIT Technologies Limited.[2] In August 2020, NIIT Technologies announced it had begun operating under the name Coforge, alongside a new corporate identity.[1]
In 2019, Baring Private Equity Asia became a major shareholder in the company (then NIIT Technologies) and later reduced its stake through market sales.[6]
Operations
Coforge operates delivery and office locations across multiple countries; its India presence includes a Greater Noida site (Tech Zone) referenced in its corporate contact information and location listings.[5][7]
Financial performance
For the fiscal year ended 31 March 2025 (FY25), Coforge reported revenue of ₹12,050.7 crore (US$1.45 billion) from continuing operations, and a global headcount of 33,497 at year-end.[4]
Acquisitions and divestments
On January 23, 2025, Coforge announced a strategic acquisition of Xceltrait Inc, a US based company, surging their stock price and drawing attention from investors and analysts alike. Xceltrait Inc., incorporated in the United States in 2006, specialises in implementing ServiceNow’s Financial Services Operations (FSO) and Customer Service Management (CSM) modules. With a robust presence in the Property and Casualty (P&C) insurance industry. The acquisition positions Coforge to leverage these specialised capabilities across its global accounts. The move aligns with Coforge’s goal of enhancing its expertise in niche areas such as FSO and CSM modules. Xceltrait’s strong foothold in the IT/ITeS industry and its deep domain expertise in P&C insurance are expected to complement Coforge’s service portfolio, creating synergies that could drive growth in the medium term. [8]
In April 2025, Coforge announced the divestment of its AdvantageGo business to Sapiens, with Coforge stating the sale would sharpen its focus in insurance services; Sapiens announced the acquisition separately.[9][10]
In December 2025, Coforge announced an agreement to acquire Encora at an enterprise value of about US$2.35 billion; Reuters reported the deal was expected to close within four to six months, subject to customary conditions.[11]
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