Coforge Limited Latest Updates

Record-Breaking Acquisition of Encora In late December 2025, Coforge announced the largest acquisition ever by an Indian IT services firm, agreeing to buy Encora Inc., a Silicon Valley-based digital engineering company, for $2.39 billion. The deal, expected to close by mid-2026, will be funded primarily through a share swap ($1.89 billion) and a potential fundraise of $500 million via bridge loans or a QIP. This merger aims to create a $2.5 billion entity with a specialized focus on AI-led engineering and data cores. Order Book and Deal Momentum The company secured six large deals during the third quarter, bringing its total fresh order intake to $593 million. This has pushed Coforge’s executable order book for the next 12 months to $1.72 billion, representing a 30% YoY increase. CEO Sudhir Singh noted that this backlog provides high revenue visibility despite global macroeconomic uncertainties. Sustainability and ESG Recognition On February 22, 2026, Coforge disclosed that it received an improved sustainability rating of 76 from NSE Sustainability Ratings and Analytics Limited. This is an 8-point increase from the previous year, reflecting the company’s enhanced performance in environmental, social, and governance (ESG) parameters. Operational and Talent Updates As of February 2026, the company’s headcount stands at 35,341 following a net addition of 445 employees in the last quarter. Notably, its attrition rate dropped to 10.9%, one of the lowest in the IT industry. Additionally, on February 16, 2026, the company allotted 17,695 equity shares under its Employee Stock Option Plan (ESOP 2005) to eligible employees.