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Coforge Limited, formerly known as NIIT Technologies Limited, is an Indian multinational information technology company based in Noida, Uttar Pradesh, India.[4] The company provides digital transformation, consulting, and IT services to industries such as banking, financial services and insurance (BFSI), travel and transportation, healthcare, manufacturing, and government.[5][6]

The company’s stock trades on the Bombay Stock Exchange and on the National Stock Exchange of India under the ticker symbol COFORGE.[7][8][9]

History

The company was incorporated in 1992 as NIIT Technologies Ltd, the software services division of NIIT.[9][10]

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]

References

  1. ^ a b “NIIT Technologies rebrands as Coforge – ET BrandEquity”. ETBrandEquity.com.
  2. ^ “Coforge closes FY25 with 32% growth in constant currency, signs record $2.1 billion deals in fourth quarter”. Fortune India. 5 May 2025.
  3. ^ “Investor Presentation Q4 & FY25” (PDF). Coforge Limited. Retrieved 28 May 2025.
  4. ^ “Coforge, Persistent outperform mid-tier peers amid slowdown”. The Times of India. 10 February 2026.
  5. ^ Dann, Hansa Iyengar,Rohan Kulkarni,Melissa Fersht,Jason (1 July 2025). “Coforge drives impactful transformations with focused execution intensity”. HFS Research.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ^ “Analytics India Magazine”. analyticsindiamag.com.
  7. ^ “Coforge Limited”. NSEIndia.[permanent dead link]
  8. ^ “COFORGE Ltd. BSE India”. BSEIndia.
  9. ^ a b “Coforge Ltd Stock Price – (2369.60), Coforge Ltd Share Price Live Today, Coforge LtdStock Live BSE/NSE Share Price”. Financialexpress.com.
  10. ^ “The Men Behind NIIT”. DATAQUEST. 24 October 2002. Retrieved 24 March 2023.
  11. ^ “NIIT partners with Adecco to provide enhance services”. Moneylife NEWS.
  12. ^ “NIIT Tech signs 3-yr multi-mn pound deal with British Airways”. mint. 26 September 2008.
  13. ^ “NIIT Tech – ‘Intranet Prahari’ project for Border Security Force launched by Hon’ble Union Home Minister”. Moneycontrol.com.
  14. ^ “NIIT Technologies in pact with India Tobacco Board”. The New Indian Express.
  15. ^ “NIIT Technologies Launches Crew Wings, For Airline Cabin Crew Members”. Firstpost. 5 September 2012.
  16. ^ “NIIT Technologies acquires Sabre’s Philippines Development Center”. The Economic Times.
  17. ^ “NIIT Tech’s arm to acquire 55% interest in US firm RuleTek”. mint. 31 May 2017.
  18. ^ Pandey, Piyush (7 April 2019). “Baring Private Equity to acquire 30% stake in NIIT Technologies for ₹2627 crore”. The Hindu. Retrieved 24 March 2023.
  19. ^ “Baring PE Asia ups open offer size for NIIT Technologies”. VCCircle. Retrieved 24 March 2023.
  20. ^ “New strategy under a new brand? | CEO Sudhir Singh of Coforge to ET Now”. Timesnownews.com.
  21. ^ “Coforge to acquire 60% of SLK Global Solutions for Rs 918 crore”. The Economic Times. 12 April 2021.
  22. ^ Ramarathinam, Ashwin (19 May 2021). “Baring PE Asia sells 5.12% stake in Coforge for Rs1,008 crore”. mint. Retrieved 30 January 2024.
  23. ^ “Baring PE sells its entire stake in Coforge”. The Economic Times. 25 August 2023. Retrieved 30 January 2024.