Press Release

Coforge delivers 29.2% YoY Growth for FY26, EBIT margin expands by 370bps to 14.4%

Admin — Tue, 05 May 2026 12:14:55 GMT

― PAT for FY26 increases by 82% YoY; stands at $177.4 Mn
― AI led efficiencies provide path for further margin expansion in FY27. Plans to deliver 20.5%+ EBITDA in FY27

Princeton, NJ and Greater Noida, India— Tuesday, May 5th, 2026 – Coforge, an AI-native engineering services leader, today announced its financial results for the quarter and year ended March 31, 2026.

Coforge Successfully Closes Cigniti Acquisition

Admin — Wed, 29 Apr 2026 18:30:00 GMT

NOIDA, India and PRINCETON, N.J. — Thursday, April 30, 2026 – Coforge, an AI-native engineering services leader, has officially announced the successful closure of its acquisition of Cigniti Technologies. The closure was achieved following
overwhelming shareholder approval and final clearance from the National Company Law Tribunal (NCLT), marking the completion of all regulatory requirements including CCI and SEBI mandates. This milestone comes at a defining moment for Coforge as it has established itself as a scaled AI-led Engineering, Data and Cloud services leader with a $2 Bn core comprised only of AI-led Engineering, Data and Cloud services.

Coforge Recognized as a Leader and Star Performer in Everest Group's Duck Creek Services PEAK Matrix® Assessment 2026

Admin — Tue, 28 Apr 2026 08:38:22 GMT

Princeton, New Jersey, USA - April 28, 2026 - Coforge, an AI-native engineering services leader and enterprise transformation partner to the global insurance industry, has been positioned as a Leader and Star Performer in the Everest Group Duck Creek Services PEAK Matrix® Assessment 2026. This positioning underscores Coforge's sustained momentum in the Duck Creek services market, as insurers accelerate cloud-native modernization and prioritize faster time-to-value from core platforms. It also reflects Coforge's decades of deep industry expertise and specialized delivery capabilities for Property and Casualty (P&C) insurance carriers and its ongoing investments in proprietary accelerators and Agentic AI–led solutions across Duck Creek delivery and key workflows.

Coforge announces the successful closure of the Encora acquisition

Admin — Thu, 23 Apr 2026 07:12:38 GMT

Shares allotted on a preferential basis to Encora sellers at the rate of Rs 1815.91 per Coforge share, as per agreement on signing date in December
No further dilution through QIP to happen because the firm has secured a $ 550 Mn three-year loan at 4.6% interest and has called off plans to consider a QIP
Consolidation of Encora financials into Coforge will be done effective May 1, 2026
Reporting structure of the integrated organization has been communicated and is in effect starting today.
Basis integration activities underway over the last four months, the firm expects significant positive impact on FY’27 growth and margins

April 23, 2026, Greater Noida, India/Princeton, New Jersey: Coforge, an AI-native engineering services leader, is pleased to announce the successful closure of the Encora acquisition that was announced in December 2025.

The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a USD 550 Million three-year loan at 4.6% fixed interest rate. The repayment terms warrant the first payment six months from now.

Consolidation of Encora financials into Coforge will be done effective May 1, 2026. Hence Coforge FY’27 results will reflect eleven months of impact from Encora operations. The firm is pleased to share that the integration activities related to Encora integration into Coforge is ahead of plan with the combined cost synergies on G&A expected to be between 20 to 25%. All Encora leaders who the firm wished to retain have accepted roles within the new composite structure that has been rolled out with immediate effect. One of the business leaders, Vijay Verma, shall henceforth also be an Senior Management Personnel (SMP) of the organization.

The acquisition is highly synergistic because:

AI-led engineering + Data + Cloud services alone are likely to deliver US$2Bn revenue in FY’27.
Hi-Tech and Healthcare industry verticals of Coforge are expected to reach material scale immediately post-acquisition.
Will reposition Coforge as a player with scaled-up nearshore delivery capability in Latin America (LATAM) with an exceptional engineering and AI Talent base servicing US Clients
Will significantly expand the West and Mid-West US client footprint of Coforge
The combined firm will have forty-five US$10Mn+, highly-scalable relationships

Coforge believes that the acquisition of Encora is a defining moment for the organization. The firm recognizes that a new era of enterprise tech is emerging—one where AI driven by Cloud and Data is becoming the engine of enterprise reinvention. The next-gen enterprise will have its business capabilities defined and executed via a combination of humans and AI agents, underpinned by an enterprise data core and a cloud foundation that is purpose built for AI.

The new US$2.5Bn firm, with a US$2Bn enterprise core of AI-led Engineering, Data and Cloud services, will set the benchmark for making the promise of AI real for enterprises. In turn, this AI-infused core led growth, is likely to move Coforge’s already exceptional performance to the next higher orbit in FY’27 and beyond.

About Coforge

Coforge is an AI-native engineering services leader, where AI is the very foundation of how we design, build, and deliver intelligent solutions for our clients. We use AI and hyperspecialized industry expertise to engineer autonomous enterprises. We combine AI agents with our AI-enabled workforce, including specialized FDEs in hybrid pod-based delivery units. With a deep focus on trusted AI, our solutions are secure, governed, and enterprise-grade. We are outcome-led by design. Moving beyond AI experimentation, we deliver measurable business outcomes – lower operating costs, faster cycle times, higher conversion rates, and sustained margin growth.

For more information, visit www.coforge.com

Forward Looking Statements

This press release contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” and “should”. Examples of forward-looking statements included in this release include statements regarding margin guidance and projected reductions in G&A costs. Statements that are not historical facts, including statements about Coforge’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to delays or challenges in the integration of the acquired business and teams, difficulties or delays in the implementation of business strategy and cost reduction efforts. All information provided in this release is as of the date of this release, and Coforge undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Coforge unveils two new AI-native solutions- Voyager.AI and Flightflex.AI for airlines to enhance customer experience

Admin — Tue, 21 Apr 2026 05:29:48 GMT

Greater Noida, India / Princeton, NJ, USA – April 21, 2026 - Coforge, an AI-native engineering services leader announced two new AI-native solutions- Voyager.AI and FlightFlex.AI for airlines worldwide. Voyager.AI enables airlines to activate 1-1 personalized offers and experiences throughout the customer journey using real time data and AI driven decisioning. FlightFlex.AI is a unified, AI led approach to disruption recovery solution which combines real time decisioning, contextually optimized automated rebooking, and provides proactive passenger communication. These two purpose-built AI solutions address some of airlines' most pressing operational and commercial challenges; from disruption recovery to real-time 1-1 passenger engagement enhancing customer experience, positively impacting loyalty, and generating operational efficiency.

Coforge Receives All Statutory and Regulatory Clearances for Encora Acquisition

Admin — Mon, 13 Apr 2026 04:58:57 GMT

All global regulatory and statutory approvals secured without conditions, clearing the path for transaction close
Combined entity to operate at ~$2.5B run rate, accelerating Coforge’s scale in AI-led engineering, data, and cloud services

NOIDA, India and PRINCETON, N.J. - April 13, 2026 - Coforge, an AI-native engineering services leader, today announced that all the regulatory approvals and statutory clearances in multiple jurisdictions for the acquisition of Encora have been secured.

Coforge launches “Mod Squads” - Outcome-based human-agent pods under a subscription pricing construct

Admin — Wed, 08 Apr 2026 18:10:54 GMT

Coforge introduces AI Mod Squads, a subscription-based delivery model that replaces traditional T&M with outcome-driven pricing, faster time-to-market with full cost predictability.
Enterprises can assemble custom AI-native teams tailored to industry and engineering workflows, enabling autonomous, scalable execution with proven impact

Princeton, NJ, USA, Wednesday, April 8 – Coforge, an AI-native engineering services leader, has launched AI Mod Squads – a new delivery model with a simple monthly subscription fee. Mod Squads combine pre-built AI agents with specialized AI engineers to deliver dramatically faster time-to-market at a lower cost for clients.

Coforge Promotes Sunil Fernandes to Chief Operating Officer

Admin — Mon, 06 Apr 2026 07:05:14 GMT

Greater Noida, India / Princeton, NJ, USA – April 6, 2026 – Coforge, an AI-native engineering services leader, today announced that Sunil Fernandes has been promoted to the position of Chief Operating Officer (COO). Fernandes will oversee global delivery in addition to key Coforge operations including admin, facilities and internal IT services. He is based in Princeton, NJ and will continue to report to Coforge CEO, Sudhir Singh.

Coforge and Solstice Innovations Partner to Redefine P&C Insurance Modernization Through Agentic AI

Admin — Thu, 02 Apr 2026 06:53:03 GMT

Greater Noida, India / Princeton, NJ, USA – April 2, 2026 – Coforge, a global AI-native engineering services leader announced a strategic partnership with Solstice Innovations, Inc. to accelerate agentic AI-led adoption of modern core insurance technology for P&C insurers. Under the agreement, Coforge will establish a dedicated Center of Excellence (CoE) powered by its Forge-X AI platform, enabling faster, more intelligent client onboarding, system integration, migration, quality engineering, and business process transformation for Solstice and its customers.

Coforge modernizes its global employee experience by adopting ServiceNow’s AI powered HR Service Delivery platform

Admin — Tue, 24 Mar 2026 04:47:15 GMT

Greater Noida, India, March 24, 2026 – ServiceNow (NYSE: NOW), the AI platform for business transformation, and Coforge Limited (NSE: COFORGE), a global digital services and solutions provider, today announced the successful global rollout of the ServiceNow AI-powered HR Service Delivery (HRSD) platform at Coforge.