Coforge has successfully completed its acquisition of Cigniti Technologies, following final approval from the National Company Law Tribunal (NCLT). The acquisition, which was initially announced in March 2026, marks a strategic expansion for Coforge, enhancing its presence in the AI-led engineering, data, and cloud services sector.
The acquisition was driven by Coforge’s aim to leverage Cigniti’s established relationships and expand its healthcare business, particularly in the Midwest and Western regions of the United States. The integration has already yielded significant results, with the EBITDA margin of the acquired business expanding from 11% to 19% within six quarters. Additionally, the top two acquired clients have seen their cumulative revenue increase from $25 million to $75 million annually.
Coforge’s CEO, Sudhir Singh, highlighted the acquisition as a strategic blueprint for future growth. He noted that the integration of Cigniti has unlocked immense value, setting the stage for Coforge’s next phase of growth, particularly in AI-native engineering.
The acquisition has also driven substantial revenue growth and account expansion for Coforge. The company signed its first large deal worth $24 million within six months of acquiring Cigniti, followed by a second deal worth $62 million within nine months. This growth reflects the execution intensity across sales, pre-sales, and delivery.
Furthermore, Cigniti’s top two accounts, which had pre-acquisition annual revenues of approximately $15 million and $10 million, have scaled to approximately $45 million and $30 million, respectively. This reflects a significant increase in client scale and deal size.
The acquisition has also led to a reported PAT increase to 14%-15%, positioning Coforge among the best-in-class within its peer set. The company’s disciplined execution, cross-sell expansion, and outcome-led delivery underpin these achievements.
Coforge’s new $2.5 billion firm, with a $2 billion enterprise core of AI-led engineering, data, and cloud services, is set to redefine industry benchmarks for AI implementation in enterprises. This growth trajectory is expected to propel Coforge’s already impressive growth figures to new heights.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).