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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 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 control 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 December 2023, the company received an income tax demand notice of ₹122 crore consisting of a tax demand of ₹97.97 crore and an interest liability of ₹23.79 crore as declared in a regulatory filing.[21][22]
In May 2024, Coforge announced that it would acquire a 54% stake in Cigniti Technologies.[23]
Philanthropy
Coforge collaborated with NIIT Foundation and launched a CSR initiative "Shiksha." Coforge has four operational centers training over 5,000 underprivileged youth in IT skills and employability. Coforge also sponsored the restoration of Neknampur Lake, a 98 acres lake in Telangana.[24] In February 2024, Coforge inaugurated a free public library in Noida.[25]
