Coforge Completes Cigniti Acquisition After Regulatory Clearances

Coforge has announced the successful closure of its acquisition of Cigniti Technologies, completing all regulatory and shareholder approval processes required for the transaction.

The company said the deal received final clearance from the National Company Law Tribunal (NCLT), along with approvals from the Competition Commission of India (CCI) and the Securities and Exchange Board of India (SEBI). With this, Coforge has formally integrated Cigniti into its operations.

The acquisition was aimed at strengthening Coforge’s presence in key markets and expanding its capabilities. Through the deal, the company gains access to Cigniti’s established client relationships, while also enhancing its footprint in the healthcare sector and increasing its reach in the Midwest and Western regions of the United States.

Coforge said early results from the integration indicate significant business gains. The EBITDA margin of the acquired business has increased from around 11% before the acquisition to approximately 19% within six quarters. At the same time, the top two client accounts acquired with Cigniti have grown from a combined annual revenue of about USD 25 million to nearly USD 75 million.

“The Cigniti acquisition is a textbook example of a firm making a contrarian bet that has worked out and yielded exceptional results,” said Sudhir Singh, Chief Executive Officer and Executive Director of Coforge.

He added, “Our successful integration of Cigniti has unlocked immense value and serves as the strategic blueprint for our next phase. By applying that same disciplined playbook to Encora, we are making a bold bet on AI-native engineering to accelerate our global growth.”

The company also highlighted strong deal momentum following the acquisition. Cigniti, which had not signed large deals earlier, secured contracts worth USD 24 million and USD 62 million within months of the integration. This was supported by increased cross-selling and stronger execution across sales and delivery functions.

Coforge said the combined entity will focus on AI-led engineering, data and cloud services. The integrated business, now valued at around USD 2.5 billion, is expected to strengthen Coforge’s position in delivering enterprise-grade AI solutions and drive further growth.