Coforge is pleased to announce the successful closure of the Encora acquisition that was announced in December 2026.
The firm also shared that it has cancelled all plans of doing a QIP to support the purchase since it has secured a USD 550 Million three-year loan at 4.6% fixed interest rate. The repayment terms warrant the first payment six months from now.
Consolidation of Encora financials into Coforge will be done effective May 1,2026. Hence Coforge FY’27 results will reflect eleven months of impact from Encora operations. The firm is pleased to share that the integration activities related to Encora integration into Coforge is ahead of plan with the combined cost synergies on G&A expected to be between 20 to 25%.
All Encora leaders who the firm wished to retain have accepted roles within the new composite structure that has been rolled out with immediate effect. One of the business leaders, Vijay Verma, shall henceforth also be an Senior Management Personnel (SMP) of the organization.
The acquisition is highly synergistic because:
AI-led engineering + Data + Cloud services alone are likely to deliver US$2Bn revenue in FY’27.
Hi-Tech and Healthcare industry verticals of Coforge are expected to reach material scale immediately post-acquisition.
Will reposition Coforge as a player with scaled-up nearshore delivery capability in Latin America (LATAM) with an exceptional engineering and AI Talent base servicing US Clients
Will significantly expand the West and Mid-West US client footprint of Coforge
The combined firm will have forty-five US$10Mn+, highly-scalable relationships
Coforge believes that the acquisition of Encora is a defining moment for the organization. The firm recognizes that a new era of enterprise tech is emerging—one where AI driven by Cloud and Data is becoming the engine of enterprise reinvention.
The next-gen enterprise will have its business capabilities defined and executed via a combination of humans and AI agents, underpinned by an enterprise data core and a cloud foundation that is purpose built for AI.
The new US$2.5Bn firm, with a US$2Bn enterprise core of AI-led Engineering, Data and Cloud services, will set the benchmark for making the promise of AI real for enterprises. In turn, this AI-infused core led growth, is likely to move Coforge’s already exceptional performance to the next higher orbit in FY’27 and beyond.
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