A big leap for Coforge in 2026

The IT services firm grew the fastest sequentially among the top 10 peers in the industry in calendar 2025

- Jas Bardia

Sudhir Singh, chief executive officer and executive director, Coforge.

Even by outlier standards, Coforge Ltd has been on a tear in India's $283-billion information technology (IT) services industry. It grew the fastest sequentially among the top 10 peers in the industry in calendar 2025, which helped it jump two places to the No. 7 spot by revenues. Its product delivery deal of $1.56 billion with Sabre was its biggest client win. And, to top it off, last week, it announced Indian IT’s largest acquisition ever: a $2.35 billion purchase of California-based Encora.

All this while the rest of the sector limped through a lacklustre year.

Coforge, earlier known as NIT Technologies, ended the September quarter with $462 million in revenue, up 4.5% sequentially. The company reported double-digit revenue growth over the last three years, at a time when its peers faced headwinds such as low demand, uncertain tax rules in its markets, and tightening visa mobility. Its revenue jumped 31% last year in FY25 to $1.47 billion.

Driving this juggernaut is stability at the top, with Sudhir Singh heading the firm since May 2017. Singh, who spent almost a decade at Bengaluru-based Infosys Ltd and then served as chief operating officer of IT services and capital markets at Genpact in July 2010, took over the reins of Coforge in May 2017. He is the longest-serving chief executive among the country’s largest IT services firms.

During this time, the company's revenue grew more than four times, ending last year with $1.47 billion. In contrast, Mphasis Ltd’s revenue grew more than twice over to $1.68 billion, whereas that of Persistent Systems rose more than thrice to $1.41 billion.

However, this journey was fraught with challenges. The covid-19 pandemic, which benefited most IT service providers as companies sought to digitize their operations, hurt Coforge due to its business pattern.