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Mphasis faces executive exodus as Coforge poaching claims spark legal battle

Mphasis faces executive exodus as Coforge poaching claims spark legal battle

Mphasis is navigating a sudden senior leadership drain, with over a dozen high-performing executives reportedly leaving since 2025 for firms like Coforge and Tenarai. Some departures allegedly involve bringing additional talent along, prompting Mphasis to ramp up hiring and file legal action against Coforge over alleged poaching. The fallout could reshape teams and competitive momentum fast.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Coforge shares jump after Q4 beat sparking 16% three day rally

Coforge shares jump after Q4 beat sparking 16% three day rally

Coforge shares surged 6% after its Q4 results, with the stock gaining about 16% over three days. Net profit and revenue came in strong, while brokerages reiterated bullish “Buy” calls. Investors are pointing to fresh deal wins, an expanding order book, and expectations that the Encora acquisition will add meaningful growth momentum ahead.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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Coforge CEO says tech services demand is shifting not shrinking

Coforge CEO says tech services demand is shifting not shrinking

Coforge CEO Sudhir Singh says demand for technology services isn’t weakening but evolving, fueled by fresh value pools. He argues that companies engineering measurable business outcomes—especially via AI-led modernization and governance—will keep winning. Singh also downplays concerns about AI firms moving into services, saying they’ll act as specialists within a still-robust market.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Coforge CEO says AI will disrupt IT yet expand the market not shrink it

Coforge CEO says AI will disrupt IT yet expand the market not shrink it

Coforge’s CEO argues AI is reshaping traditional IT services but won’t shrink the overall market. The company reported strong March quarter results, including net profit doubling. Coforge says AI is generating new high-margin business opportunities, likening the shift to earlier cloud migration waves, with expectations of wider market expansion and better margins as adoption grows.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Coforge among six F&O stocks with futures open interest surging over 10 percent

Coforge among six F&O stocks with futures open interest surging over 10 percent

On May 6, six NSE F&O stocks logged a sharp jump in futures open interest, hinting at higher trader activity and new positioning. Larsen & Toubro, HDFC Life Insurance, Amber Enterprises, Nippon Life India Asset Management, Coforge, and Godfrey Phillips India all saw open interest rise by more than 10%, signaling renewed market attention.

Summarised by Beize from a story on The Economic Times on 7 May 2026
Coforge shares surge adding half a billion dollars as fiscal 2027 outlook shocks analysts

Coforge shares surge adding half a billion dollars as fiscal 2027 outlook shocks analysts

Coforge shares jumped on Wednesday, adding more than $500 million in market value after the company delivered a stronger-than-expected earnings outlook for fiscal 2027. Improved operating margins further fueled investor optimism, surprising analysts who had not expected Coforge to outpace larger IT peers. Trading activity reflected bullish sentiment as investors bet on sustained momentum.

Summarised by Beize from a story on The Economic Times on 6 May 2026

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Coforge Q4 profit more than doubles to Rs 612 crore on surge in deal wins

Coforge Q4 profit more than doubles to Rs 612 crore on surge in deal wins

Coforge reported a fourth-quarter profit that more than doubled to Rs 612 crore, driven by higher order intake and rising revenue. The Indian IT services firm said robust deal wins helped sustain momentum, reflecting improved demand and stronger execution. Investors will now watch whether the current pipeline converts into continued growth in the next quarters.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Spirit Airlines shutdown threatens Coforge exposure and signals tougher times for India IT services

Spirit Airlines shutdown threatens Coforge exposure and signals tougher times for India IT services

Spirit Airlines’ shutdown comes as jet fuel prices stay elevated, putting pressure on airlines and their partners. Coforge, an Indian IT services firm with a notable travel portfolio, is closely watched for potential demand and project impacts. Analysts say geopolitical tensions and the fuel crisis could worsen airline finances, raising the risk of more bankruptcies across the sector.

Summarised by Beize from a story on The Economic Times on 4 May 2026
Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge completes Cigniti takeover after NCLT nod and shareholder approval

Coforge has officially completed its acquisition of Hyderabad-based Cigniti Technologies. The company said the takeover moved forward after receiving required shareholder approval and clearance from the National Company Law Tribunal, along with completion of all regulatory requirements. The deal marks another step in consolidation within the IT services sector as both firms align operations post-closure.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Coforge completes Encora buyout with 550 million fixed rate loan and scraps its QIP plan

Coforge completes Encora buyout with 550 million fixed rate loan and scraps its QIP plan

Coforge has officially completed its acquisition of Silicon Valley AI firm Encora for an enterprise value of $2.5 billion. Instead of proceeding with its planned QIP, the company funded the deal through a three-year $550 million loan facility at a fixed 4.6% interest rate. The move reshapes how the payment risk and cost will sit on its balance sheet.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Coforge investor relations head and M&A chief resign immediately, sparking questions on next moves

Coforge investor relations head and M&A chief resign immediately, sparking questions on next moves

Coforge has announced the immediate resignation of Executive Vice President Anup Kumar, who led M&A, and Manish Hemrajani, Head of Investor Relations. Kumar said he wants to pursue entrepreneurial ventures. During his time, Coforge completed five acquisitions and integrated Cigniti. The company is now managing leadership transitions as it charts its next strategy.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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