Coforge CEO expects PE investor to open new growth channels

Coforge Chief Executive Officer (CEO) Sudhir Singh on Friday said private equity (PE) firm Advent International is expected to open up new growth channels for the company as it joins the board following its planned acquisition of a 20 per cent stake in Coforge as part of the Encora deal.

- SHIVANI SHINDE

“We have never had a private equity on our board so far. Once the deal is consummated around April, Advent will join the board. They will have 20 per cent stake. We do plan to work with Advent portfolio companies to see if we can use them as a new channel for driving growth,” said Singh. He was talking to the media after the announcement of the company’s results for the third quarter of 2025-26 (Q3FY26).

Singh also added that they will not opt for the qualified institutional placement (QIP) route to write off the $500 million debt for Encora, as the company has managed to raise debt from a consortium of banks at attractive interest rates.

“We have secured financing from a consortium of five banks at mid-single digit interest rate,” said Singh.