Coforge has announced the successful closure of its acquisition of Encora, marking a significant step in strengthening its AI-led engineering capabilities.
The company has also shelved plans to raise funds via QIP, opting instead for a $550 million three-year loan at a fixed interest rate of 4.6%, with repayments set to begin after six months.
Encora’s financials will be consolidated into Coforge starting May 1, 2026, with FY27 results expected to reflect nearly eleven months of contribution. Integration efforts are progressing ahead of schedule, with anticipated cost synergies in general and administrative expenses estimated at 20–25%. Key leadership from Encora has been retained, with Vijay Verma joining as Senior Management Personnel.
The acquisition is expected to significantly enhance Coforge’s scale in AI-led engineering, data, and cloud services, with combined revenues from these segments projected to reach $2 billion in FY27. It will also strengthen the company’s presence in hi-tech and healthcare sectors, expand its footprint across the US—particularly in the West and Mid-West—and boost its nearshore delivery capabilities in Latin America.
With this move, Coforge aims to position itself as a $2.5 billion enterprise, leveraging AI, cloud, and data-driven solutions to drive the next phase of growth and enterprise transformation.