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Corporate profile- FY24.
Coforge is a digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for our clients.
Our focus on selected industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms including Microsoft, AWS, Google, Salesforce, Pegasystems, ServiceNow, and Appian enable us to offer a distinct perspective.
Our vision is to “Engage with the Emerging.” This underlines our commitment to accelerate business change for clients and their customers through the use of emerging technologies. We lead with our product engineering approach and leverage Cognitive, Cloud, and Data technologies to transform client businesses into resilient, intelligent, high-growth enterprises.
Our mission is to “Transform at the Intersect,” helping our customers achieve their business objectives by combining our global expertise in both technology and domain. We have applied this approach to provide business solutions within our chosen industry verticals: Banking & Financial Services, Insurance, Government, and Travel, Transport, and Hospitality.
Our strategy, vision, and mission are actively supported by long-term investments in building in-depth capabilities in emerging technologies. For example, we have a dedicated AI Centre of Excellence that has created more than a hundred innovative solutions for our clients over the last five years. We have grown our partnerships with hyperscalers and other technology providers focused on AI and are accelerating investments in growth areas such as Generative AI. We have introduced our own AI ecosystem, “Quasar,” which encapsulates solutions and accelerators built on technologies such as GenAI, SpeechAI, VisionAI, and ConversationalAI. To enhance its utility and effectiveness, we continuously add both technology-centric and domain-specific use cases to the Quasar ecosystem, ensuring it remains a cutting-edge solution for our clients’ evolving needs. Today, Quasar integrates more than 23 Large Language Models (LLMs) and has been used in over 200 industry use cases, for example, tasks such as collection management, fraud detection, wealth advisory, and insurance quote creation.
We have a global presence across North America, South America, Europe, the Middle East, India, Asia-Pacific, and Australia. We drive operations from twenty-five global delivery centers across ten countries. As of March 31, 2024, we had over 24,700 technology and process experts who engineer, design, consult, operate, and modernise client systems across the world.
We are focused and committed to our clients’ success, as reflected in our repeat business rate of 92% in FY24. We have an exceptional track record of delivery execution, which has been a key enabler of robust and consistent revenue growth over the last six years, with a CAGR of 16% from $464 million in FY18 to $1,119 million in FY24.
We pride ourselves on strong employee engagement, resulting in one of the lowest attrition levels across the industry—a testament to our company culture. This employee-centricity was reinforced in 2023 when we were recognised as a “Great Place to Work” for the third consecutive year. The name “Coforge” stands for working together to create lasting value. We continue to stay focused on delivering robust, sustained, and profitable growth. Toward this objective, we are actively expanding into additional industry verticals in Retail, Healthcare, and Hi-Tech sectors.
