CoForge

Coforge is an Indian multinational information technology company based in Noida, India. The in-depth domain expertise and technology prowess enables it to execute at the intersect, to drive customer digital transformation; and real-world business impact. Its product line includes Digital Process automation, Application services, Cybersecurity services. These products severe majorly in the following segments- Insurance, Banking and financial services, Travel transportation and Hospitality, and  Healthcare and Life Sciences. The company has more than 11,000 employees located across the globe. The majority of the company’s revenues come from the Americas (48%). Although the company also serves the UK, Europe, the Middle East and the rest of the world.

Coforge, in collaboration with Coforge Foundation, runs a CSR program called “Shiksha,” focused exclusively on imparting IT education, Digital Literacy and Employability trainings to the underprivileged youth. The organization runs three Career Development Centers in Nothern India. These centres offer industry-specific courses including ones around Showroom Retail, Food & Beverages, Data Entry, and BPO disciplines. The company has sponsored education of girls at Vatsalyam and supported them in other ways like developing their play area, provision of amenities etc.

In recent business developments, Coforge has signed definitive agreements to acquire a controlling interest in SLK Global Solutions Private Limited (“SLK Global”), a business process transformation enterprise offering BPM and digital solutions for the financial services industry.

The shareholding pattern of Coforge is as follows: Promoters hold 63.99%, foreign institutional investors hold 14.62%, domestic institutional investors hold 11.85% while the public holds 9.54% of the total shareholding.

This year Coforge has announced an interim dividend of Rs.13 per equity share of face value Rs.10 each.As per the quarter four results of FY2020-21, Profit after taxes has seen a growth of 17.08% for its quarter ending March 2021which is Rs.133 Cr from the earlier Rs.113.6 Cr in quarter ending March 2020. The quarterly operating profit margin has shown consistency for both FY2019-20 and FY2020-21, in the range of 17.09 – 18.83%. EPS and Return on Equity has also not shown any significant growth relative to previous quarters, however the assets has shown a small but consistent growth in FY2020-21.

Overall, the  performance of the company in Q4 of FY2020-21 has been better than its performance in Q3 FY2020-21.