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Coforge - Wikipedia
From Wikipedia, the free encyclopedia

Coforge Ltd.
FormerlyNIIT Technologies
Company typePublic
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$1.4 billion) (2025)
Increase ₹2,171 crore (US$260 million) (2025)
Increase ₹963 crore (US$110 million) (2025)
Number of employees
24,607 (December 2023)[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. The company's stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.[4][5][6]

History

The company was incorporated in 1992 as NIIT Technologies Ltd, the software services division of NIIT.[6][7]

In 2006, the company acquired UK Insurance Solutions Company. In the same year company partnered with Adecco SA.[8] In 2008, the company signed a multi-million-pounds deal with British Airways.[9]

In 2012, the company implemented "Intranet Prahari" project for Border Security Force approved by the Government of India.[10] 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.[11]

In September 2012, the company launched Crew Wings, an application for Airline Cabin Crew Members.[12] In the same year, the company acquired Sabre Holdings' Philippines Development Center.[13]

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.[14]

In April 2019, Baring Private Equity Asia acquired a 30.6% stake in NIIT Technologies from the promoter group for ₹2,627 crore.[15] In July 2019, Baring increased its shareholding by 35% via an open offer to public shareholders for ₹3,045 crore.[16]

In 2020, NIIT Technologies was re-branded as Coforge.[1][17]

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.[18]

By August 2023, Baring Private Equity Asia divested its entire 70% stake in Coforge, selling it across multiple tranches beginning in October 2020.[19][20]

In May 2024, Coforge announced that it would acquire a 54% stake in Cigniti Technologies.[21]

In March 2025, Coforge acquired Xceltrait Inc., Rythmos and TMLabs for $18 million, $30 million and A$20 million respectively.[22]

In December 2025, Coforge announced the acquisition of Encora, a US-based data analytics and digital engineering firm, for $2.39 billion.[23]

References

  1. ^ a b "NIIT Technologies rebrands as Coforge - ET BrandEquity". ETBrandEquity.com.
  2. ^ Sureban, Haripriya (24 January 2024). "Coforge to increase employee headcount in a bid to target growth". BusinessLine. Retrieved 30 January 2024.
  3. ^ "Investor Presentation Q4 & FY25" (PDF). Coforge Limited. Retrieved 28 May 2025.
  4. ^ "Coforge Limited". NSEIndia.[permanent dead link]
  5. ^ "COFORGE Ltd. BSE India". BSEIndia.
  6. ^ a b "Coforge Ltd Stock Price - (2369.60), Coforge Ltd Share Price Live Today, Coforge LtdStock Live BSE/NSE Share Price". Financialexpress.com.
  7. ^ "The Men Behind NIIT". DATAQUEST. 24 October 2002. Retrieved 24 March 2023.
  8. ^ "NIIT partners with Adecco to provide enhance services". Moneylife NEWS.
  9. ^ "NIIT Tech signs 3-yr multi-mn pound deal with British Airways". mint. 26 September 2008.
  10. ^ "NIIT Tech - 'Intranet Prahari' project for Border Security Force launched by Hon'ble Union Home Minister". Moneycontrol.com.
  11. ^ "NIIT Technologies in pact with India Tobacco Board". The New Indian Express.
  12. ^ "NIIT Technologies Launches Crew Wings, For Airline Cabin Crew Members". Firstpost. 5 September 2012.
  13. ^ "NIIT Technologies acquires Sabre's Philippines Development Center". The Economic Times.
  14. ^ "NIIT Tech's arm to acquire 55% interest in US firm RuleTek". mint. 31 May 2017.
  15. ^ Pandey, Piyush (7 April 2019). "Baring Private Equity to acquire 30% stake in NIIT Technologies for ₹2627 crore". The Hindu. Retrieved 24 March 2023.
  16. ^ "Baring PE Asia ups open offer size for NIIT Technologies". VCCircle. Retrieved 24 March 2023.
  17. ^ "New strategy under a new brand? | CEO Sudhir Singh of Coforge to ET Now". Timesnownews.com.
  18. ^ "Coforge to acquire 60% of SLK Global Solutions for Rs 918 crore". The Economic Times. 12 April 2021.
  19. ^ Ramarathinam, Ashwin (19 May 2021). "Baring PE Asia sells 5.12% stake in Coforge for Rs1,008 crore". mint. Retrieved 30 January 2024.
  20. ^ "Baring PE sells its entire stake in Coforge". The Economic Times. 25 August 2023. Retrieved 30 January 2024.
  21. ^ Mukherjee, Saurav (2 May 2024). "Coforge to acquire Cigniti Technologies' 54% stake at ₹1,415 per share". Mint. Retrieved 3 May 2024.
  22. ^ Bureau, BL Mumbai (5 March 2025). "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. Retrieved 11 April 2025. {{cite web}}: |last= has generic name (help)
  23. ^ Bureau, Coforge (26 December 2025). "Coforge Limited has announced acquisition of Encora" (PDF). Coforge. Retrieved 27 December 2025. {{cite web}}: |last= has generic name (help)
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