Coforge Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Coforge, formerly known as NIIT Technologies, is a global digital services and solutions provider. Established in 1992, the company specializes in digital transformation, data analytics, cloud services, and business process management. Coforge serves various industries, including insurance, banking, and travel. Its domain expertise, combined with emerging technologies, enables clients to transform their operations effectively. The company's commitment to innovation and customer-centric solutions has earned it recognition as a leader in the IT services sector.
Incorporation Year: 1992
Headquarters: Noida, India
Top Management: Sudhir Singh (CEO)
Industry: Information Technology
Website: coforge.com
Featured In Fortune India Ranking
Fortune 500 India
#268(2024)
#269(2023)
#261(2022)
#283(2021)
#285(2020)
#330(2019)
#371(2018)
#368(2017)
#368(2016)
#400(2015)
#405(2014)
#429(2013)
#494(2012)
#268(2024)#269(2023)#261(2022)#283(2021)#285(2020)#330(2019)#371(2018)#368(2017)#368(2016)#400(2015)#405(2014)#429(2013)#494(2012)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
9,240
(INR Cr)
Net Operating Income
9,179
(INR Cr)
Assets
4,684
(INR Cr)
Profit
808
(INR Cr)
Net Worth
3,627
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 9240 14.4% | 8077 24.6% | 6484 38.1% | 4695 10.4% | 4252 14.0% | 3730 23.1% | 3031 7.1% | 2829 4.7% | 2702 12.9% | 2393 2.4% | 2336 14.3% | 2044 27.2% | 1607 29.0% | 1246 35.1% | 922 -7.6% | 998 - |
| Net Operating Income (INR Cr) | 9179 14.53% | 8015 24.61% | 6432 37.94% | 4663 11.45% | 4184 13.81% | 3676 22.89% | 2991 6.76% | 2802 4.25% | 2688 13.29% | 2373 2.93% | 2305 14.03% | 2021 28.22% | 1576 27.93% | 1232 34.86% | 914 -6.76% | 980 4.08% |
| Profit (INR Cr) | 808 16.5% | 694 4.9% | 662 45.2% | 456 2.6% | 444 10.1% | 403 43.9% | 280 12.0% | 250 -7.4% | 270 136.7% | 114 -50.5% | 231 8.1% | 213 8.1% | 197 8.2% | 182 44.2% | 126 10.0% | 115 - |
| Assets (INR Cr) | 4684 19.2% | 3931 4.6% | 3758 40.8% | 2669 1.2% | 2636 18.7% | 2221 8.6% | 2044 4.1% | 1963 3.3% | 1900 32.6% | 1433 3.6% | 1383 20.4% | 1149 17.2% | 980 28.2% | 765 26.6% | 604 42.3% | 425 - |
| Net Worth (INR Cr) | 3627 17.7% | 3083 12.8% | 2733 10.8% | 2466 2.9% | 2397 15.6% | 2072 16.8% | 1774 5.2% | 1687 7.2% | 1573 15.9% | 1357 2.5% | 1324 21.0% | 1094 20.3% | 910 21.0% | 752 29.7% | 580 49.6% | 388 -12.1% |
| Employee Cost (INR Cr) | 5507 14.1% | 4828 25.9% | 3835 36.2% | 2816 11.3% | 2530 17.5% | 2153 22.3% | 1760 6.6% | 1651 7.1% | 1542 15.7% | 1333 3.1% | 1293 16.0% | 1115 25.1% | 891 48.2% | 601 19.4% | 504 -11.2% | 567 - |
| Interest Cost (INR Cr) | 126 | 81 | 65 | 14 | 16 | 9 | 9 | 6 | 8 | 6 | 4 | 5 | 4 | 2 | 2 | 4 |
| Cash & Bank Balance (INR Cr) | 335 | 579 | 454 | 812 | 903 | 558 | 418 | 408 | 336 | 269 | 221 | 233 | 222 | 114 | 143 | 158 |
| Total Debt (INR Cr) | 726 | 562 | 490 | 83 | 35 | 14 | 23 | 25 | 10 | 9 | 9 | 10 | 52 | 12 | 22 | 35 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.7% | 8.6% | 10.2% | 9.7% | 10.4% | 10.8% | 9.3% | 8.8% | 10.0% | 4.8% | 9.9% | 10.4% | 12.3% | 14.6% | 13.7% | 11.5% |
| Profit As % Of Assets | 17.3% | 17.7% | 17.6% | 17.1% | 16.8% | 18.2% | 13.7% | 12.7% | 14.2% | 8.0% | 16.7% | 18.6% | 20.1% | 23.8% | 20.9% | 27.1% |
| Profit As % Of Networth | 22.3% | 22.5% | 24.2% | 18.5% | 18.5% | 19.5% | 15.8% | 14.8% | 17.2% | 8.4% | 17.4% | 19.5% | 21.7% | 24.2% | 21.8% | 29.6% |
| Interest Cost to EBITDA % | 8.8% | 6.6% | 5.9% | 1.9% | 2.2% | 1.4% | 1.9% | 1.3% | 1.6% | 2.2% | 1.2% | 1.6% | 1.4% | 0.9% | 1.1% | 2.6% |
| Debt to Equity Ratio | 0.20 | 0.18 | 0.18 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.02 | 0.04 | 0.09 |
| RONW | 24.9% | 25.6% | 27.5% | 19.2% | 20.9% | 22.0% | 17.8% | 16.7% | 19.6% | 12.0% | 19.6% | 21.5% | 23.5% | 27.8% | 26.3% | 27.9% |
| ROCE | 27.8% | 27.5% | 29.3% | 23.0% | 25.2% | 27.0% | 20.9% | 18.7% | 22.6% | 18.4% | 25.7% | 28.1% | 30.3% | 32.1% | 28.0% | 30.6% |