NSEPress Release5d ago · 25 Aug 2026, 09:21 pm
Press Release
Coforge Limited · COFORGE
✦ AI Summary▲ PositiveOrder Win
Coforge Limited has been recognized by HFS Research as a Non-Linear Leader in The HFS Non-Linearity Index (CY Q4 2025 and Q1 2026) due to its above-industry-average performance in revenue per FTE and operating margin per FTE, driven by its AI-led delivery model, outcome-based AI Mod Squads, high utilization, low attrition, and acquisition synergies.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Coforge Limited has informed the Exchange regarding a press release dated August 25, 2026, titled "Coforge Emerges as a Standout Non-Linear Growth Leader in HFS Research Assessment".
Attachments (1)
📄pdf
Download →
COFORGE_25082026212143_PressRelease25082026.pdf
View document text
August 25, 2026
The Manager, The General Manager,
Department of Corporate Services Department of Corporate Services
BSE Limited The National Stock Exchange of India Limited
Floor 25, P.J. Towers, Exchange Plaza,
Dalal Street, Mumbai – 400 001 Plot No. C/1, G Block, Bandra Kurla Complex,
BSE Scrip code – 532541 Bandra, Mumbai – 400 051
Equity ISIN INE591G01025 NSE Symbol – COFORGE
Dear Sir/Madam,
Subject: Press Release of Coforge Emerging as a Standout Non-Linear Growth Leader in HFS
Research Assessment and intimation of Investor Relations Head appointment
Pursuant to applicable provisions of SEBI (Listing Obligations & Disclosure Requirements) Regulations,
2015, as amended, (“SEBI Listing Regulations”) please find enclosed press release of the Company
announcing that “Coforge Emerges as a Standout Non-Linear Growth Leader in HFS Research
Assessment.”
This recognition reflects Coforge’s above-industry-average performance in revenue per FTE and operating margin
per FTE. HFS Research cites Coforge's AI-led delivery model, outcome-based AI Mod Squads, high utilization,
low attrition, and acquisition synergies as key drivers of sustained non-linear growth. Coforge’s AI capabilities
are supported by more than 11,000 data and AI practitioners, alongside Coforge Nuuron, the AI Operation System,
8 AI platforms, 22 AI assets, and nearly 130 reusable AI agents and accelerators.
Ms. Radhika Arora has joined the Company as Head of Investor Relations.
We request you to take the above on record.
For Coforge Limited
Barkha Sharma
Company Secretary & Compliance Officer
Encl.: As above
Coforge Limited Registered office: www.coforge.com
Special Economic Zone, Plot No. TZ-2& 2A Plot No. 13, Udyog Vihar, Phase-IV, Sector-18, Secretarial@coforge.com
Sector - Tech Zone, Greater Noida (UP) - 201308, India Palam Road, Gurugram - 122015, Haryana, India
T: +91 120 4592300 | F: +91 120 4592 301 T: 0124-4627837 CIN: L72100HR1992PLC128382
Coforge Emerges as a Standout Non-Linear Growth Leader in HFS
Research Assessment
• Recognition reflects Coforge’s above-industry-average performance in revenue per FTE and
operating margin per FTE
• HFS Research cites Coforge's AI-led delivery model, outcome-based AI Mod Squads, high
utilization, low attrition, and acquisition synergies as key drivers of sustained non-linear growth.
Princeton, NJ, USA | Greater Noida, India | August 25, 2026 - Coforge Limited (NSE: COFORGE), a global
AI-native engineering services leader, has been recognized by HFS Research as a Non-Linear Leader in
The HFS Non-Linearity Index (CY Q4 2025 and Q1 2026). HFS Research has analyzed more than 25 major
service providers in this report.
In a two series point of view report (the first edition of the report was published in early 2026), this is the
second report titled ‘The headcount era is fading as the pivot to Services-as-Software continues’; HFS
argues that the industry's long-standing reliance on linear growth was beginning to face meaningful
pressure. Additionally, a trend has emerged that some providers are beginning to decouple value creation
from workforce expansion.
Coforge Limited Registered office: www.coforge.com
Special Economic Zone, Plot No. TZ-2& 2A Plot No. 13, Udyog Vihar, Phase-IV, Sector-18, Secretarial@coforge.com
Sector - Tech Zone, Greater Noida (UP) - 201308, India Palam Road, Gurugram - 122015, Haryana, India
T: +91 120 4592300 | F: +91 120 4592 301 T: 0124-4627837 CIN: L72100HR1992PLC128382
Within this shift, HFS identified six providers that demonstrated sustained non-linear growth over the past
four quarters. Coforge is one of six service providers identified by HFS Research as consistently driving
non-linear growth over the last four quarters. The recognition reflects Coforge’s ability to increase value
creation and operating leverage while increasingly decoupling growth from traditional headcount-led
models.
Saurabh Gupta, President, HFS Research, said: "The move from Challenger to Leader reflects
Coforge's ability to deliver sustained non-linear growth at a time when the services industry is redefining
how value is created. Six consecutive quarters on the HFS Non-Linearity Index is evidence that the
company is increasingly decoupling growth from traditional linear models through AI, reusable platforms,
and disciplined execution. Coforge Nuuron provides the operational foundation for this transformation,
while Momentuum blue is helping build the AI-native talent and delivery models required for the future.
Combined with a growing emphasis on outcome-based pricing, these investments position Coforge at the
forefront of the industry's shift toward Services-as-Software."
Over the last four quarters, Coforge has been positioned twice in the Non-Linear Leaders quadrant of the
HFS Non-Linearity Index, reflecting performance above the industry average on both year-on-year
constant-currency revenue per full-time employee (FTE) and operating margin per FTE. Sudhir Singh,
CEO and Executive Director, Coforge, said, “Non-linear growth is about creating greater value without
relying solely on adding capacity. Our sustained non-linear growth reflects how we are embedding AI
across delivery and operations, and driving outcome-based delivery through our AI Mod Squads. HFS
Research’s recognition validates the progress we are making in building a more scalable and differentiated
operating model.”
Coforge’s AI capabilities are supported by more than 11,000 data and AI practitioners, alongside Coforge
Nuuron, the AI Operation System, 8 AI platforms, 22 AI assets, and nearly 130 reusable AI agents and
accelerators. These capabilities enable Coforge to apply increasing levels of AI and automation across
delivery, helping clients modernize technology environments, improve operational performance and build
new business capabilities. Momentuum blue, Coforge's specialized FDE operating unit, extends this by
placing engineers directly inside client environments to build and ship AI solutions where the work happens.
The recognition reinforces Coforge’s broader shift towards an AI-native, outcome-led model, where
specialized expertise, reusable intellectual property, AI-enabled delivery, and technology-led productivity
increasingly support scalable growth.
About Coforge
Coforge is an AI-native engineering services leader, where AI is the foundation of how we design, build, and
deliver intelligent solutions for our clients. We use AI and hyperspecialized industry expertise to engineer
autonomous enterprises. We combine AI agents with our AI-enabled workforce, including specialised FDEs in
hybrid pod-based delivery units. With a deep focus on trusted AI, our solutions are secure, governed, and
enterprise-grade. We are outcome-led by design. Moving beyond AI experimentation, we deliver measurable
business outcomes—including lower operating costs, faster cycle times, higher conversion rates, and sustained
margin growth.
Learn more at www.coforge.com
Media Contact:
Santanu Bhattacharya
santanu.b@coforge.com
Coforge Limited Registered office: www.coforge.com
Special Economic Zone, Plot No. TZ-2& 2A Plot No. 13, Udyog Vihar, Phase-IV, Sector-18, Secretarial@coforge.com
Sector - Tech Zone, Greater Noida (UP) - 201308, India Palam Road, Gurugram - 122015, Haryana, India
T: +91 120 4592300 | F: +91 120 4592 301 T: 0124-4627837 CIN: L72100HR1992PLC128382