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Expansion

Coforge Expands Pega Partnership for AI Transformation Following ₹18,151 Cr Revenue TTM

Coforge Limited has expanded its strategic alliance with Pegasystems Inc. to deliver integrated, AI-led enterprise transformation programs globally. This shift enables the company to transition from a software reseller model to delivering full-stack, branded industry solutions.

Close-up of software development tools displaying code and version control systems on a computer monitor. Stock photo illustrating Coforge's expansion story.
Photo: Daniil Komov / Pexels
Key numbers
Market Cap ₹89,230.76 CrMid-range Performer
Revenue TTM ₹18,151.9 CrOperating Revenue
Net Profit Growth 63.39%Quarterly YoY
RSI (Day) 70.13Momentum Indicator

Key highlights

  • Agreement combines Pega’s AI platform with Coforge’s consulting and managed-services capabilities
  • Company moves to delivering IP-backed offerings for core verticals under its own brand
  • Integration of Pega Blueprint technology to accelerate legacy business logic discovery
  • Focus on high-growth sectors including insurance, travel, transportation, and financial services
  • Partnership builds on a foundation of two decades of technical collaboration between both firms

Strategic Collaboration for AI Transformation

Coforge Limited has announced a significant expansion of its long-standing strategic alliance with Pegasystems Inc., aimed at accelerating enterprise AI adoption. Under this new agreement, Coforge will transition from a traditional software reseller to a solution provider capable of building, packaging, and commercially delivering Pega-powered offerings under its own brand. The partnership integrates Pega's AI-driven decisioning and workflow automation with Coforge's engineering expertise to modernize legacy systems.

This evolution is designed to reduce execution complexity and speed up the time to value for global enterprise clients seeking scalable AI solutions.

Evolution of Delivery and Commercial Models

  • Enables Coforge to build repeatable, IP-backed offerings for its core industry verticals
  • Streamlines procurement and engagement models through an integrated delivery approach
  • Utilizes hybrid pod-based delivery units featuring specialized AI agents and engineering
  • Targets reduction of technical debt for organizations using scalable platform architectures
  • Strengthens joint go-to-market efforts across strategic global industries and markets

Financial Momentum and Market Position

The company reports a trailing twelve-month revenue of ₹18,151.9 crore, reflecting strong growth momentum in the IT consulting and software sector. Coforge's recent quarterly performance showed a 63.39% year-on-year increase in net profit, reaching ₹518.6 crore, while operating revenue grew by 49.86% in the same period. With a market capitalization of ₹89,230.76 crore and an operating profit margin of 19.14%, the firm maintains a mid-range performance classification.

The stock is currently trading near its 52-week high of 2016.5, with a daily relative strength index indicating a level of 70.13.

Coforge · share price, past month

Leadership Commentary

This agreement marks a pivotal shift in how Coforge goes to market; moving from reselling software to delivering full-stack, Pega-powered industry solutions under its own brand. Coforge can now build repeatable, IP-backed offerings for its core verticals, enabling a more agile, specialized go-to-market motion.

— John Speight, President & EU Geo Business Leader, Coforge

“By combining Pega’s capabilities with Coforge's expertise in insurance, travel, transportation, and financial services, clients can move from strategy to execution faster than ever.”

— Leon Trefler, Chief of Clients and Markets, Pega

“This expanded partnership with Pega strengthens our ability to address that demand much faster. The agreement enables us to bring together Pega’s market-leading platform with Coforge’s consulting, engineering and managed-services capabilities in a more integrated way.”

— John Speight, President & EU Geo Business Leader, Coforge
Coforge · financial snapshot
Share price₹2014.6
Market capitalisation₹89,230.76 Cr
Revenue (annual)₹16,402.70 Cr
Net profit (annual)₹1,555.70 Cr
Revenue (latest quarter)₹5,527.70 Cr+24.21% vs previous quarter
Net profit (latest quarter)₹518.60 Cr-15.30% vs previous quarter
P/E (TTM)50.79×Sector 22.36×
Promoter holding0%0.00% QoQ
FII holding24.31%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Coforge Limited announcing an expanded strategic partnership with Pegasystems Inc. Market figures from a third-party data provider.

Read the filing ↗
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