Wholly-Owned Subsidiary of this IT Services Company Acquires 100 Per Cent Stake In Australian Firm TMLabs

The company's 1-year return is 26.4 per cent, while its 3-year return stands at 58.65 per cent.

Coforge Limited has announced that its wholly-owned subsidiary, Coforge Technologies Australia Pty Ltd., has acquired 100 per cent of the outstanding shares of TMLabs Pty Ltd. This acquisition follows a share sale agreement between the two entities, as initially announced on March 5, 2025. 

Coforge Limited is a prominent IT services company offering comprehensive software solutions and services. It ranks among the top 20 Indian software exporters, serving major global clients such as British Airways and the ING group. Coforge's business model focuses on digital transformation and technology services, providing consulting, implementation, and support in areas like cloud computing, cybersecurity, and analytics.

The company operates in 21 countries with 26 delivery centres, generating significant revenue from the US, EMEA, and Asia Pacific regions. Coforge's service mix includes intelligent automation, data integration, and software engineering. The company maintains strategic partnerships with leading software providers and has recently expanded its capabilities through acquisitions, including a 54 per cent stake in Cigniti Technologies. Coforge's order book stands at approximately US$ 1,900 million, reflecting its robust business pipeline and growth potential.

As of April 17, 2025, Coforge Limited's stock is priced at Rs 6,304. The stock has a 52-week high of Rs 9,834.75 and a 52-week low of Rs 4,301.75. Coforge Limited has a market capitalisation of Rs 42,148 crore. The company's 1-year return is 26.4 per cent, while its 3-year return stands at 58.65 per cent. The Price-Earnings (PE) Ratio is 60.49.

Investors must keep this micro-cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.