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Coforge Ltd reported net profit of ₹297 Cr (+16.0% YoY) for Q3 FY26.
Coforge Limited has secured all unconditional regulatory and statutory clearances for its acquisition of Encora. The transaction is on track to close by the end of April 2026, creating a combined entity with a ₹23,250.0 Crore ($2.5B) run rate. This acquisition significantly scales Coforge's AI-led engineering and cloud services capabilities.
Coforge Limited received in-principle approval for a preferential issue of 93,796,508 equity shares at INR 1,815.91 per share, totaling ₹17,032.60 Crore. The issuance supports the Encora acquisition, with closing formalities expected within 15 days. This milestone completes the regulatory review process for the transaction.
Coforge has launched 'Mod Squads', a subscription-based delivery model combining AI agents with specialized engineers. Moving away from traditional Time & Material pricing, the service offers outcome-driven pricing and faster time-to-market. The model has already demonstrated significant efficiency gains, including a 70% reduction in cycle times for loan originations.
Coforge Limited has appointed Sunil Fernandes as its Chief Operating Officer, effective April 6, 2026. Previously Executive Vice President, Fernandes brings over 30 years of global experience from Accenture, Infosys, and Cognizant. This leadership change aims to strengthen operational execution and drive growth across the company’s digital and financial services practices.