Coforge Share Price
Coforge Ltd.
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About Coforge
Coforge is a global digital services and solutions provider, that enables its clients to transform at the intersect of domain expertise and emerging technologies to achieve real-world business impact. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provides us with a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
The company was founded in 1981 named NIIT Ltd. In 2006, the company acquired UK Insurance Solutions Company. In the same year company partnered with Adecco SA.
In 2008, the company signed a multi million pounds deal with British Airways.
In 2012, the company implemented "Intranet Prahari" project for Border Security Force approved by Government of India. In the same year Indian Tobacco Board Government of Andhra Pradesh joined hands with the company to implementation of e-auction system in Karnataka and Andhra Pradesh. . Click Here to know today’s Coforge Ltd’s share price.
The company was founded in 1981 named NIIT Ltd. In 2006, the company acquired UK Insurance Solutions Company. In the same year company partnered with Adecco SA.
In 2008, the company signed a multi million pounds deal with British Airways.
In 2012, the company implemented "Intranet Prahari" project for Border Security Force approved by Government of India. In the same year Indian Tobacco Board Government of Andhra Pradesh joined hands with the company to implementation of e-auction system in Karnataka and Andhra Pradesh. . Click Here to know today’s Coforge Ltd’s share price.
Fundamentals of Coforge Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 23318.77 Cr |
42.08 |
12.62 |
196.23 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
33.04 % |
105.83 |
1.17 % |
417.09 |
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What is the Market Cap of Coforge Ltd. shares?
As of 01 Apr`23 the Market Cap of Coforge Ltd. is 23318.77.
What is the PE and PB ratio of Coforge Ltd. stock?
As of 01 Apr`23 the PE is 42.08 and PB is 12.62.
Coforge - Quaterly Results
Publish Date: 20/10/2022
The sales moved up 28.54% to Rs. 10439.00 millions for the September 2022 quarter as compared to Rs. 8121.00 millions during the year-ago period.The Company's Net profit for the September 2022 quarter have declined marginally to Rs. 1170.00 millions as against Rs. 1263.00 millions reported during the corresponding quarter ended.OP of the company witnessed a marginal growth to 1818.00 millions from 1813.00 millions in the same quarter last year.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 10439.00 | 8121.00 | 28.54 | 20158.00 | 15490.00 | 30.14 | 33132.00 | 24124.00 | 37.34 |
| Other Income | 698.00 | 733.00 | -4.77 | 1684.00 | 2201.00 | -23.49 | 4005.00 | 1056.00 | 279.26 |
| PBIDT | 1818.00 | 1813.00 | 0.28 | 3744.00 | 3921.00 | -4.51 | 8271.00 | 3854.00 | 114.61 |
| Interest | 161.00 | 133.00 | 21.05 | 297.00 | 219.00 | 35.62 | 518.00 | 58.00 | 793.10 |
| PBDT | 1657.00 | 1680.00 | -1.37 | 3447.00 | 3702.00 | -6.89 | 7753.00 | 3796.00 | 104.24 |
| Depreciation | 268.00 | 207.00 | 29.47 | 549.00 | 425.00 | 29.18 | 838.00 | 962.00 | -12.89 |
| PBT | 1389.00 | 1473.00 | -5.70 | 2898.00 | 3277.00 | -11.57 | 6915.00 | 2834.00 | 144.00 |
| TAX | 219.00 | 210.00 | 4.29 | 382.00 | 297.00 | 28.62 | 470.00 | 435.00 | 8.05 |
| Deferred Tax | 17.00 | -20.00 | -185.00 | 12.00 | -76.00 | -115.79 | -43.00 | -102.00 | -57.84 |
| PAT | 1170.00 | 1263.00 | -7.36 | 2516.00 | 2980.00 | -15.57 | 6445.00 | 2399.00 | 168.65 |
| Equity | 610.00 | 606.00 | 0.66 | 610.00 | 606.00 | 0.66 | 609.00 | 606.00 | 0.50 |
| PBIDTM(%) | 17.42 | 22.32 | -21.99 | 18.57 | 25.31 | -26.63 | 24.96 | 15.98 | 56.26 |
Coforge - Quaterly Results
Publish Date: 20/01/2023
The company witnessed a 23.65% growth in the revenue at Rs. 10880.00 millions for the quarter ended December 2022 as compared to Rs. 8799.00 millions during the year-ago period.An average growth of 44.22% was recorded for the quarter ended December 2022 to Rs. 2397.00 millions from Rs. 1662.00 millions.Operating profit surged to 3136.00 millions from the corresponding previous quarter of 2179.00 millions.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 10880.00 | 8799.00 | 23.65 | 31038.00 | 24289.00 | 27.79 | 33132.00 | 24124.00 | 37.34 |
| Other Income | 1594.00 | 820.00 | 94.39 | 3278.00 | 3021.00 | 8.51 | 4005.00 | 1056.00 | 279.26 |
| PBIDT | 3136.00 | 2179.00 | 43.92 | 6880.00 | 6100.00 | 12.79 | 8271.00 | 3854.00 | 114.61 |
| Interest | 159.00 | 149.00 | 6.71 | 456.00 | 368.00 | 23.91 | 518.00 | 58.00 | 793.10 |
| PBDT | 2977.00 | 2030.00 | 46.65 | 6424.00 | 5732.00 | 12.07 | 7753.00 | 3796.00 | 104.24 |
| Depreciation | 241.00 | 206.00 | 16.99 | 790.00 | 631.00 | 25.20 | 838.00 | 962.00 | -12.89 |
| PBT | 2736.00 | 1824.00 | 50.00 | 5634.00 | 5101.00 | 10.45 | 6915.00 | 2834.00 | 144.00 |
| TAX | 339.00 | 162.00 | 109.26 | 721.00 | 459.00 | 57.08 | 470.00 | 435.00 | 8.05 |
| Deferred Tax | -18.00 | 20.00 | -190.00 | -6.00 | -56.00 | -89.29 | -43.00 | -102.00 | -57.84 |
| PAT | 2397.00 | 1662.00 | 44.22 | 4913.00 | 4642.00 | 5.84 | 6445.00 | 2399.00 | 168.65 |
| Equity | 611.00 | 609.00 | 0.33 | 611.00 | 609.00 | 0.33 | 609.00 | 606.00 | 0.50 |
| PBIDTM(%) | 28.82 | 24.76 | 16.39 | 22.17 | 25.11 | -11.74 | 24.96 | 15.98 | 56.26 |
Coforge informs about AGM updates
Publish Date: 22/08/2022
Coforge has informed that with reference to the intimation dated July 30, 2022 regarding 30th Annual General Meeting of Coforge, e-voting and Annual Report where the Company has submitted its copy of Annual Report for the financial year 2021-22 in compliance with Regulation 34 of the SEBI (LODR) Regulations, 2015. In explanatory statement given in notice for item no. 05 the remuneration (audit fee) of the Statutory Auditors for the financial year 2022-23 is proposed to be at levels similar to the previous financial year based on the same scope of coverage. After approval of the resolution at AGM, the final fee of the Statutory Auditors for the first year shall be reviewed and approved by the Audit Committee / Board of Directors and also for each subsequent year of audit during their tenure, considering any change in scope of work, inflation, etc. The remuneration paid to the Statutory Auditors as audit fee for financial year 2021-22 was Rs 18 mn (including fee for quarterly accounts but excluding reimbursement of expenses and taxes), as disclosed in financial statements.
The above information is a part of company’s filings submitted to BSE.
Coforge informs about press release
Publish Date: 30/08/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulation 2015, Coforge has informed that it enclosed a press release issued by the Company today titled ‘Coforge gears up for Metaverse and Web3 revolution with new Center of Excellence’.
The above information is a part of company’s filings submitted to BSE.
Coforge surges on opening center of excellence for Metaverse and Web3
Publish Date: 30/08/2022
The company also plans to train and upskill over 1000 employees to deliver on the Metaverse and Web3 requirements of its customers
Coforge is currently trading at Rs. 3559.60, up by 48.10 points or 1.37% from its previous closing of Rs. 3511.50 on the BSE.
The scrip opened at Rs. 3575.00 and has touched a high and low of Rs. 3585.00 and Rs. 3544.00 respectively. So far 962 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3224.45 on 15-Jun-2022.
Last one week high and low of the scrip stood at Rs. 3749.00 and Rs. 3425.00 respectively. The current market cap of the company is Rs. 21399.04 crore.
The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 47.75% and 12.16% respectively.
Coforge has opened its center of excellence (CoE) for the Metaverse and Web3 at the Greater Noida Campus. The facility will promote inter-disciplinary research and identify various usecases using the metaverse and its intersection with digital technologies including blockchain, smart contracts, AI, ML, cognitive, data & analytics, and integration with other enterprise systems. Coforge aims to be at the forefront of the immersive experience, real-time presence, decentralized control, and possibilities metaverse & Web3 offer. The company also plans to train and upskill over 1000 employees to deliver on the Metaverse and Web3 requirements of its customers.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge rises on partnering with Databricks to help organizations generate actionable insights from data
Publish Date: 21/09/2022
As part of this alliance, Coforge and Databricks will cater to the wider data modernization challenges faced by customers across industries
Coforge is currently trading at Rs. 3339.90, up by 1.50 points or 0.04% from its previous closing of Rs. 3338.40 on the BSE.
The scrip opened at Rs. 3325.00 and has touched a high and low of Rs. 3366.30 and Rs. 3309.00 respectively. So far 9084 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3513.90 and Rs. 3210.00 respectively. The current market cap of the company is Rs. 20387.90 crore.
The promoters holding in the company stood at 40.09 % while Institutions and Non-Institutions held 47.75 % and 12.16 % respectively.
Coforge has entered into partnership with Databricks, the lakehouse company. As a Databricks consulting and implementation partner, Coforge will bring in a fusion of its innovations to build industry-specific solutions and services for enterprises across the globe leveraging Databricks’ Lakehouse Platform. As part of this alliance, Coforge and Databricks will cater to the wider data modernization challenges faced by customers across industries and is aligned with Coforge’s commitment to drive impact for clients by generating actionable insights, often in real-time, from data.
Databricks offers an open data lakehouse platform based on ‘one security and governance model’ to accommodate all enterprise data types in a cloud-agnostic way to govern the data wherever it is stored. Databricks’ Lakehouse Platform has already been adopted by over 7000 customers around the world.
Coforge in alliance with Databricks will support a cloud-based lakehouse platform that accelerates data-driven innovation for clients across several industries. The company has trained over 100 engineers as Databricks experts available for customers and their data management roadmap.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge soars on the BSE
Publish Date: 26/09/2022
The company had partnered with Databricks to help organizations generate actionable insights from data
Coforge is currently trading at Rs. 3404.00, up by 62.35 points or 1.87% from its previous closing of Rs. 3341.65 on the BSE.
The scrip opened at Rs. 3299.60 and has touched a high and low of Rs. 3425.95 and Rs. 3299.60 respectively. So far 14433 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3454.80 and Rs. 3210.00 respectively. The current market cap of the company is Rs. 20696.89 crore.
The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 47.75% and 12.16% respectively.
Coforge had entered into partnership with Databricks, the lakehouse company. As a Databricks consulting and implementation partner, Coforge will bring in a fusion of its innovations to build industry-specific solutions and services for enterprises across the globe leveraging Databricks’ Lakehouse Platform. As part of this alliance, Coforge and Databricks will cater to the wider data modernization challenges faced by customers across industries and is aligned with Coforge’s commitment to drive impact for clients by generating actionable insights, often in real-time, from data.
Databricks offers an open data lakehouse platform based on ‘one security and governance model’ to accommodate all enterprise data types in a cloud-agnostic way to govern the data wherever it is stored. Databricks’ Lakehouse Platform has already been adopted by over 7000 customers around the world.
Coforge in alliance with Databricks will support a cloud-based lakehouse platform that accelerates data-driven innovation for clients across several industries. The company has trained over 100 engineers as Databricks experts available for customers and their data management roadmap.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge informs about allotment of ESOP
Publish Date: 27/09/2022
Coforge has informed about intimation for allotment of 20,020 shares under the ESOP Scheme of the Company ESOP (2005).
The above information is a part of company’s filings submitted to BSE.
Coforge informs about press release
Publish Date: 11/10/2022
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulation 2015, Coforge has informed that it enclosed a press release today titled ‘Coforge recognized by Great Place to Work® among India's Best Workplaces™ for Women 2022 for the second consecutive year’.
The above information is a part of company’s filings submitted to BSE.
Coforge trades higher on the BSE
Publish Date: 11/10/2022
The company has been recognized among India's Best Workplaces for Women 2022
Coforge is currently trading at Rs. 3685.00, up by 45.85 points or 1.26% from its previous closing of Rs. 3639.15 on the BSE.
The scrip opened at Rs. 3655.00 and has touched a high and low of Rs. 3725.00 and Rs. 3640.70 respectively. So far 44659 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3725.00 and Rs. 3498.90 respectively. The current market cap of the company is Rs. 22439.36 crore.
The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 47.75% and 12.16% respectively.
Coforge has won India's Best Workplaces for Women 2022 - Large (Top 100) for celebrating women all year round and contributing to the vision of making India a Great Place to Work for all. This is the second consecutive year that the company has been accoladed with the recognition. In its 5th edition this year for India, based on a rigorous evaluation methodology, the Top 100 organizations among India's Best Workplaces for Women 2022 have been recognized based on three key trends to change the landscape for women in the workplace- Involvement in decision making, career growth & development and fairness at work.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge informs about analyst meet
Publish Date: 18/10/2022
Coforge has informed about Earnings Call with Analysts/ Investors on Financial Results for quarter ended 30th September 2022.
The above information is a part of company’s filings submitted to BSE.
Coforge moves up on reporting 37% rise in Q2 consolidated net profit
Publish Date: 21/10/2022
Total consolidated Income of the company increased by 25.10% to Rs 1,972.90 crore for Q2FY23
Coforge is currently trading at Rs. 3865.95, up by 15.90 points or 0.41% from its previous closing of Rs. 3850.05 on the BSE.
The scrip opened at Rs. 3872.85 and has touched a high and low of Rs. 3950.00 and Rs. 3827.30 respectively. So far 5853 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 3950.00 and Rs. 3685.65 respectively. The current market cap of the company is Rs. 23633.66 crore.
The promoters holding in the company stood at 40.09%, while Institutions and Non-Institutions held 47.75% and 12.16% respectively.
Coforge has reported fall of 7.36% in its net profit at Rs 117.00 crore for Q2FY23 as compared to Rs 126.30 crore for the corresponding quarter previous year. Total income of the company increased by 25.78% to Rs 1,113.70 crore for the quarter under review as compared to Rs 885.40 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 36.59% in its net profit at Rs 220.60 crore for the quarter under review as compared to Rs 161.50 crore for the same quarter in the previous year. Total income of the company increased by 25.10% to Rs 1,972.90 crore for the quarter under review as compared to Rs 1,577.10 crore for the same quarter in the previous year.
Coforge informs about press release
Publish Date: 18/11/2022
Coforge has informed that it enclosed the copy of Press Release issued by the Company on November 18, 2022 pursuant to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
Coforge informs about press release
Publish Date: 23/11/2022
Coforge has informed that it enclosed the copy of Press Release titled ‘Coforge recognized as one of India's Best Workplaces in IT & ITBPM 2022 - Top 50 by Great Place to Work India’ issued by the Company on November 23, 2022 pursuant to SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
Coforge zooms on expanding global partnership with Tokio Marine HCC
Publish Date: 01/12/2022
Coforge was engaged as an IT partner for its digital process automation capabilities, which will now expand into a global relationship
Coforge is currently trading at Rs. 4120.00, up by 85.95 points or 2.13% from its previous closing of Rs. 4034.05 on the BSE.
The scrip opened at Rs. 4090.00 and has touched a high and low of Rs. 4201.20 and Rs. 4090.00 respectively. So far 11003 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6133.00 on 04-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4201.20 and Rs. 3918.35 respectively. The current market cap of the company is Rs. 25221.77 crore.
The promoters holding in the company stood at 40.06%, while Institutions and Non-Institutions held 47.47% and 12.46% respectively.
Coforge has expanded global partnership with Tokio Marine HCC (TMHCC), headquartered in Houston, Texas and a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and continental Europe, to drive IT transformation.
TMHCC has worked with Coforge since 2016. Coforge was engaged as an IT partner for its digital process automation capabilities, which will now expand into a global relationship. The scope of services includes Run, Build and Transform to enable business agility, superior customer experience, and doing more with less. These services cover digital platforms development including UI/UX services, data, and analytical reporting, managed application services and infrastructure services.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge informs about allotment under ESOP
Publish Date: 03/01/2023
Coforge has informed that the ESOP Allotment Committee has allotted 7,658 equity shares having face value of Rs 10 each on exercise of options under Employee Stock Option Plan of the Company. The Company has received Share Application Money on account of the said allotment aggregating to Rs. 76,580, Consequent to the said allotment the paid up share capital of the Company has gone up to 610,70,746 equity shares of face value of Rs 10 each aggregating to Rs 610,707,460. It is in process of completing other formalities with respect to issue and listing of the said shares and will file the necessary documents with the exchange shortly for seeking the listing and trading approvals.
The above information is a part of company’s filings submitted to BSE.
Coforge informs about analyst meeting
Publish Date: 18/01/2023
Coforge has informed that the Coforge management will host Analyst / Investor Conference Call at 8:30 am IST on January 20, 2023 (3.00 am GMT, 11.00 am SGT & 10:00 pm EST on Jan 19, 2023) to review the results. The call will commence with a brief management discussion of performance, by an interactive Question & Answer session.
The above information is a part of company’s filings submitted to BSE.
Coforge informs about press release
Publish Date: 20/01/2023
In pursuant to applicable provision of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Coforge has informed that it enclosed the copy of Press Release dated January 20, 2023 on the Financial Results of the Company for the third quarter ended December 31, 2022.
The above information is a part of company’s filings submitted to BSE.
Coforge soars on reporting 20% rise in Q3 consolidated net profit
Publish Date: 20/01/2023
Total consolidated income of the company increased 25.54% at Rs 2087.60 crore for Q3FY23
Coforge is currently trading at Rs. 4221.20, up by 254.80 points or 6.42% from its previous closing of Rs. 3966.40 on the BSE.
The scrip opened at Rs. 4002.10 and has touched a high and low of Rs. 4240.10 and Rs. 4002.10 respectively. So far 26305 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5403.25 on 20-Jan-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4240.10 and Rs. 3857.15 respectively. The current market cap of the company is Rs. 25466.50 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 48.04% and 11.97% respectively.
Coforge has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a rise of 44.22% in its net profit at Rs 239.70 crore for the quarter under review as compared to Rs 166.20 crore for the same quarter in the previous year. Total income of the company increased 29.68% at Rs 1247.40 crore for Q3FY23 as compared to Rs 961.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 19.62% in its net profit at Rs 235.90 crore for the quarter under review as compared to Rs 197.20 crore for the same quarter in the previous year. Total income of the company increased 25.54% at Rs 2087.60 crore for Q3FY23 as compared to Rs 1662.90 crore for the corresponding quarter previous year.
Coforge gains on partnering with Transcard
Publish Date: 06/02/2023
The company will leverage Transcard’s suite of embedded payments solutions
Coforge is currently trading at Rs. 4318.40, up by 11.30 points or 0.26% from its previous closing of Rs. 4307.10 on the BSE.
The scrip opened at Rs. 4322.60 and has touched a high and low of Rs. 4341.00 and Rs. 4260.10 respectively. So far 2760 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4870.00 on 09-Mar-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4512.70 and Rs. 4256.30 respectively. The current market cap of the company is Rs. 26254.92 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 48.04% and 11.97% respectively.
Coforge has partnered with Transcard, a global leader in payments and data technology. As a Transcard value-added reseller, Coforge will leverage Transcard’s suite of embedded payments solutions. Coforge and Transcard will address the payment challenges faced by insurers and other organizations, driving impact for clients by providing an all-in-one solution for disbursing and collecting payments of any type.
The future of payments is digital. After years of slow adoption, the volume of electronic B2B payments has grown as insurers and other organizations adapt their operations to remote working and seek ways to streamline operations and deliver an enhanced customer experience. It is critical that insurers have a modern payments platform built for today’s B2B payments environment.
Transcard offers SMART Suite, a cloud native platform that supports any digital payment method for any business application, integrates seamlessly into any legacy accounting software, enterprise resource planning (ERP) application or system or record, and connects with any client bank account, eliminating the need to set up or pre-fund a new bank account to disburse electronic payments.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge informs about press release
Publish Date: 13/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Coforge has informed that it enclosed a press release issued by the Company titled ‘- Coforge enters strategic partnership with Denodo to offer data modernization for banks and financial services organizations.’
The above information is a part of company’s filings submitted to BSE.
Coforge informs about press release
Publish Date: 15/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Coforge has informed that it enclosed a press release issued by the Company titled ‘Coforge Wins Duck Creek Technologies 2022 Innovation Award for OnDemand Enablement Tooling’.
The above information is a part of company’s filings submitted to BSE.
Coforge informs about press release
Publish Date: 20/02/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Coforge has informed that it enclosed a press release issued by the Company today titled ‘Coforge launches Quasar eBOL for the logistics sector’.
The above information is a part of company’s filings submitted to BSE.
Coforge gains on launching Quasar e-BOL for freight movement industry
Publish Date: 20/02/2023
The company has launched Quasar eBOL, giving carriers the unparalleled ability to streamline and automate the entire billing process, while reducing errors and rework
Coforge is currently trading at Rs. 4278.20, up by 74.20 points or 1.76% from its previous closing of Rs. 4204.00 on the BSE.
The scrip opened at Rs. 4185.55 and has touched a high and low of Rs. 4284.70 and Rs. 4176.80 respectively. So far 4252 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4870.00 on 09-Mar-2022 and a 52 week low of Rs. 3210.00 on 19-Sep-2022.
Last one week high and low of the scrip stood at Rs. 4284.70 and Rs. 4000.40 respectively. The current market cap of the company is Rs. 26129.64 crore.
The promoters holding in the company stood at 39.99%, while Institutions and Non-Institutions held 48.04% and 11.97% respectively.
Coforge has introduced Quasar e-BOL, leveraging its document processing engine to address a universal need in the freight movement industry. Coforge’s Quasar eBOL is a technology-agnostic cost-effective solution to digitize Bills of Lading (BOL).
Industry analysts and the Digital LTL Council estimate 85% of all freight under management is still handled by non-standard paper BOLs. This creates massive problems with shipment visibility, errors, and restricts the ability to move freight and bill efficiently. Further, the Digital LTL Council has recently announced an industry-wide definition for electronic BOL (eBOL) which is critical to solving many pervasive issues in this industry. While a standardized eBOL can provide visibility to shipment location in the supply chain at any point, the unaddressed problem resides in the paper-to-data conversion.
Coforge has launched Quasar eBOL, giving carriers the unparalleled ability to streamline and automate the entire billing process, while reducing errors and rework. Developed using open-source technology, Quasar eBOL is architected for deployment flexibility as an open API solution which works in both online (cloud) and offline (edge) scenarios.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Board Meeting
Publish Date: 27/04/2023
Audited Results & Fourth Interim Dividend
Ex Dividend
Publish Date: 03/02/2023
Rs.19.0000 per share (190%) Third Interim Dividend
Ex Dividend
Publish Date: 03/11/2022
Rs.13.0000 per share (130%) Second Interim Dividend
Board Meeting
Publish Date: 20/10/2022
Quarterly Results & Interim Dividend
Ex Dividend
Publish Date: 23/05/2022
Rs.13.0000 per share(130%)Interim Dividend
Board Meeting
Publish Date: 12/05/2022
Board Meeting Intimation for Board Meeting Intimation For Audited Results And Dividend Security Code 532541 Company Coforge Ltd Exchange Received Time 06-05-2022 22:01:04 Exchange Disseminated Time 06-05-2022 22:01:05 Time Taken 00:00:01 Coforge Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/05/2022 ,inter alia, to consider and approve Audited Results and Dividend
Ex Dividend
Publish Date: 07/02/2022
Rs.13.0000 per share (130%) Third Interim
Board Meeting
Publish Date: 27/01/2022
Quarterly Results & Interim Dividend
Ex Dividend
Publish Date: 03/11/2021
Rs.13.0000 per share (130%) Second Interim Dividend
Board Meeting
Publish Date: 25/10/2021
Interim Dividend Second Interim Dividend & Quarterly Results
Ex Dividend
Publish Date: 09/08/2021
First Interim Dividend of Rs.13/- (130%)
Board Meeting
Publish Date: 28/07/2021
Interim Dividend & Audited Results
Board Meeting
Publish Date: 06/07/2021
Inter alia, to consider and approve raising of funds in one or more tranches by issuance of equity shares and/or depository receipts and/or other eligible securities and related matters, on such terms and conditions as may be decided by the Board, subject to shareholders approval as applicable and regulatory, statutory approvals and requirements
Coforge opens center of excellence for Metaverse and Web3
Publish Date: 30/08/2022
The company also plans to train and upskill over 1000 employees to deliver on the Metaverse and Web3 requirements of its customers
Coforge has opened its center of excellence (CoE) for the Metaverse and Web3 at the Greater Noida Campus. The facility will promote inter-disciplinary research and identify various usecases using the metaverse and its intersection with digital technologies including blockchain, smart contracts, AI, ML, cognitive, data & analytics, and integration with other enterprise systems. Coforge aims to be at the forefront of the immersive experience, real-time presence, decentralized control, and possibilities metaverse & Web3 offer. The company also plans to train and upskill over 1000 employees to deliver on the Metaverse and Web3 requirements of its customers.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge partners with Databricks to help organizations generate actionable insights from data
Publish Date: 21/09/2022
As part of this alliance, Coforge and Databricks will cater to the wider data modernization challenges faced by customers across industries
Coforge has entered into partnership with Databricks, the lakehouse company. As a Databricks consulting and implementation partner, Coforge will bring in a fusion of its innovations to build industry-specific solutions and services for enterprises across the globe leveraging Databricks’ Lakehouse Platform. As part of this alliance, Coforge and Databricks will cater to the wider data modernization challenges faced by customers across industries and is aligned with Coforge’s commitment to drive impact for clients by generating actionable insights, often in real-time, from data.
Databricks offers an open data lakehouse platform based on ‘one security and governance model’ to accommodate all enterprise data types in a cloud-agnostic way to govern the data wherever it is stored. Databricks’ Lakehouse Platform has already been adopted by over 7000 customers around the world.
Coforge in alliance with Databricks will support a cloud-based lakehouse platform that accelerates data-driven innovation for clients across several industries. The company has trained over 100 engineers as Databricks experts available for customers and their data management roadmap.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge opens new office in Hyderabad
Publish Date: 30/09/2022
With this move, the company will bring together all its business units in Hyderabad under one roof
Coforge has opened its new office in the city of Hyderabad. Located in the Gachibowli area of Hyderabad, the facility is compliant with all standards of environmentally sustainable operations and will host over 2100 employees with a capacity to expand further. With this move, the company will bring together all its business units in Hyderabad under one roof.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge gets US patent for proprietary solution
Publish Date: 30/09/2022
Coforge’s Copasys has been granted patent for digitizing and automating compliance and quality assurance functions within an organization’s enterprise risk ecosystem
Coforge has been granted a US patent for its proprietary solution that helps banks and financial institutions manage their risk more effectively, continuously improve upon business processes, and make impactful key business decisions more rapidly with greater visibility and control.
Coforge’s Copasys has been granted patent for digitizing and automating compliance and quality assurance functions within an organization’s enterprise risk ecosystem. Copasys is an offering of the Business Process Solutions (BPS) unit of Coforge.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge recognized among India's Best Workplaces for Women 2022
Publish Date: 11/10/2022
This is the second consecutive year that the company has been accoladed with the recognition
Coforge has won India's Best Workplaces for Women 2022 - Large (Top 100) for celebrating women all year round and contributing to the vision of making India a Great Place to Work for all. This is the second consecutive year that the company has been accoladed with the recognition. In its 5th edition this year for India, based on a rigorous evaluation methodology, the Top 100 organizations among India's Best Workplaces for Women 2022 have been recognized based on three key trends to change the landscape for women in the workplace- Involvement in decision making, career growth & development and fairness at work.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge reports 37% rise in Q2 consolidated net profit
Publish Date: 20/10/2022
Total consolidated Income of the company increased by 25.10% to Rs 1,972.90 crore for Q2FY23
Coforge has reported results for second quarter ended September 30, 2022.
The company has reported fall of 7.36% in its net profit at Rs 117.00 crore for Q2FY23 as compared to Rs 126.30 crore for the corresponding quarter previous year. Total income of the company increased by 25.78% to Rs 1,113.70 crore for the quarter under review as compared to Rs 885.40 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 36.59% in its net profit at Rs 220.60 crore for the quarter under review as compared to Rs 161.50 crore for the same quarter in the previous year. Total income of the company increased by 25.10% to Rs 1,972.90 crore for the quarter under review as compared to Rs 1,577.10 crore for the same quarter in the previous year.
Coforge recognized among India's Best Workplaces in IT & IT-BPM 2022 - Top 50 by Great Place to Work India
Publish Date: 23/11/2022
Coforge has earned this recognition based on a rigorous assessment independently conducted by Great Place to Work India
Coforge has been recognized among India's Best Workplaces in IT & IT-BPM 2022 - Top 50 by Great Place to Work India. This is the first time that Coforge has been recognized in among India's Best Workplaces in IT & IT-BPM 2022. Coforge as an organization stands for its commitment to execution-quality, excellence, and the agility to create technology/platform-driven solutions for its customers along with industry-first employee experience, L&D, and reskilling initiatives.
The Great Place to Work Assessment is considered a ‘Gold Standard’ in workplace culture assessment and no jury or individual can influence the results of the assessment. Coforge has earned this recognition based on a rigorous assessment independently conducted by Great Place to Work India.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge collaborates with the Mack Institute for Innovation Management
Publish Date: 24/11/2022
Under the partnership, Coforge will also participate in the various roundtables, programs, and seminars that will be conducted by the institute
Coforge has partnered with the Mack Institute for Innovation Management at the University of Pennsylvania’s Wharton School. The partnership will offer Coforge an opportunity to shape the content of whitepapers, research papers, and books written by faculty and students at Wharton. The two research topics that have been finalized at the onset of this program are ‘The Future of Insurance’ and ‘Metaverse Use Cases’. Students from the MBA class and a few undergraduates will participate in the research on these topics for approximately one semester (15 weeks), for which they will receive course credit.
Under the partnership, Coforge will also participate in the various roundtables, programs, and seminars that will be conducted by the institute. These events are typically symposiums on specific subjects or small conferences to which representatives from various organizations are invited.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge expands global partnership with Tokio Marine HCC
Publish Date: 01/12/2022
Coforge was engaged as an IT partner for its digital process automation capabilities, which will now expand into a global relationship
Coforge has expanded global partnership with Tokio Marine HCC (TMHCC), headquartered in Houston, Texas and a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and continental Europe, to drive IT transformation.
TMHCC has worked with Coforge since 2016. Coforge was engaged as an IT partner for its digital process automation capabilities, which will now expand into a global relationship. The scope of services includes Run, Build and Transform to enable business agility, superior customer experience, and doing more with less. These services cover digital platforms development including UI/UX services, data, and analytical reporting, managed application services and infrastructure services.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge reports 20% rise in Q3 consolidated net profit
Publish Date: 20/01/2023
Total consolidated income of the company increased 25.54% at Rs 2087.60 crore for Q3FY23
Coforge has reported results for third quarter ended December 31, 2022 (Q3FY23).
The company has reported a rise of 44.22% in its net profit at Rs 239.70 crore for the quarter under review as compared to Rs 166.20 crore for the same quarter in the previous year. Total income of the company increased 29.68% at Rs 1247.40 crore for Q3FY23 as compared to Rs 961.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 19.62% in its net profit at Rs 235.90 crore for the quarter under review as compared to Rs 197.20 crore for the same quarter in the previous year. Total income of the company increased 25.54% at Rs 2087.60 crore for Q3FY23 as compared to Rs 1662.90 crore for the corresponding quarter previous year.
Coforge partners with Transcard
Publish Date: 06/02/2023
The company will leverage Transcard’s suite of embedded payments solutions
Coforge has partnered with Transcard, a global leader in payments and data technology. As a Transcard value-added reseller, Coforge will leverage Transcard’s suite of embedded payments solutions. Coforge and Transcard will address the payment challenges faced by insurers and other organizations, driving impact for clients by providing an all-in-one solution for disbursing and collecting payments of any type.
The future of payments is digital. After years of slow adoption, the volume of electronic B2B payments has grown as insurers and other organizations adapt their operations to remote working and seek ways to streamline operations and deliver an enhanced customer experience. It is critical that insurers have a modern payments platform built for today’s B2B payments environment.
Transcard offers SMART Suite, a cloud native platform that supports any digital payment method for any business application, integrates seamlessly into any legacy accounting software, enterprise resource planning (ERP) application or system or record, and connects with any client bank account, eliminating the need to set up or pre-fund a new bank account to disburse electronic payments.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge enters into strategic partnership with Denodo
Publish Date: 13/02/2023
The partnership aims to enable banks and other financial organizations to engage in agile modernization projects without affecting daily operations
Coforge has entered into partnership with Denodo, a leading data integration, management and delivery platform, to enable banks and other financial organizations to engage in agile modernization projects without affecting daily operations.
Under the partnership, Denodo will bring its logical data integration and data management approach, powered by data virtualization, while, Coforge will bring its design and implementation expertise at BFSI clients, enabling companies to overcome challenges like security, compliance, systemic risks, downtime, and data migration quality, so they can gain the necessary agility to engage in migration or modernization projects in response to diverse business needs.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge wins Duck Creek Technologies 2022 Innovation Award for OnDemand Enablement Tooling
Publish Date: 15/02/2023
Coforge has demonstrated innovative concepts that should be helpful in reducing the effort, time, and cost to move into Duck Creek OnDemand
Coforge has been named a 2022 Innovation Award for OnDemand Enablement Tooling for reference data remediation. Coforge has earned this recognition from Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of the property and casualty (P&C) industry, by being awarded a 2022 Innovation Award for OnDemand Enablement Tooling. Coforge has demonstrated innovative concepts that should be helpful in reducing the effort, time, and cost to move into Duck Creek OnDemand.
Coforge enabled a cloud-based data remediation process, which entails analysing the data and making necessary corrections to guarantee accuracy and completeness. This process enables insurance carriers to make more informed decisions and provide efficient customer service.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
Coforge launches Quasar e-BOL for freight movement industry
Publish Date: 20/02/2023
The company has launched Quasar eBOL, giving carriers the unparalleled ability to streamline and automate the entire billing process, while reducing errors and rework
Coforge has introduced Quasar e-BOL, leveraging its document processing engine to address a universal need in the freight movement industry. Coforge’s Quasar eBOL is a technology-agnostic cost-effective solution to digitize Bills of Lading (BOL).
Industry analysts and the Digital LTL Council estimate 85% of all freight under management is still handled by non-standard paper BOLs. This creates massive problems with shipment visibility, errors, and restricts the ability to move freight and bill efficiently. Further, the Digital LTL Council has recently announced an industry-wide definition for electronic BOL (eBOL) which is critical to solving many pervasive issues in this industry. While a standardized eBOL can provide visibility to shipment location in the supply chain at any point, the unaddressed problem resides in the paper-to-data conversion.
Coforge has launched Quasar eBOL, giving carriers the unparalleled ability to streamline and automate the entire billing process, while reducing errors and rework. Developed using open-source technology, Quasar eBOL is architected for deployment flexibility as an open API solution which works in both online (cloud) and offline (edge) scenarios.
Coforge (Formerly known as NIIT Technologies) is a leading global IT solutions organization, enabling its clients to transform at intersect of unparalleled domain expertise and emerging technologies to achieve real-world business impact.
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