Coforge Limited announces resignation of senior management personnel
Coforge Limited has disclosed the resignation of two senior management personnel, Anup Kumar and Manish Hemrajani, effective April 17, 2026. The announcement was made under Regulation 30 of SEBI Listing Regulations. Anup Kumar, who served as EVP & Head M&A, cited entrepreneurial aspirations as the reason for his departure after two years, during which the company executed five acquisitions and saw revenue grow from $1.1B to $2.5B. Manish Hemrajani, Head of Investors Relations, also resigned on the same date.
*this image is generated using AI for illustrative purposes only.
Coforge Limited has informed the stock exchanges about changes in its senior management personnel, effective from the close of business hours on April 17, 2026. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended. The company's Company Secretary & Compliance Officer, Barkha Sharma, submitted the formal communication to both BSE Limited and the National Stock Exchange of India Limited.
Details of Resignations
The company provided specific details regarding the resignations in a structured format. Both executives ceased their roles on the same date, with the resignations taking effect in the USA timezone.
| Name & Designation | Reason for Change | Date of Cessation |
|---|---|---|
| Anup Kumar – EVP & Head M&A (SMP) | Resignation | Close of business hours on April 17, 2026 (USA) |
| Manish Hemrajani - Head of Investors Relations | Resignation | Close of business hours on April 17, 2026 (USA) |
Anup Kumar's Tenure and Achievements
In a separate communication dated April 17, 2026, Anup Kumar addressed his resignation to the management, describing his two-year tenure at Coforge as the most fulfilling period of his career. During his stint as EVP & Global Head of M&A, the company executed several strategic initiatives:
- Executed 5 acquisitions: Xceltrait, TMLabs, Rythmos, Opt ML and Encora
- Integrated Cigniti into the company's operations
- Divested the Advantage Go business, which was non-core to Coforge Services Portfolio
Under his leadership and guidance from the management team, the business scaled from $1.1B in revenue when he joined in May 2025 to $2.5B post-closing of Encora. This growth was driven by industry-leading organic growth and acquisitions. Kumar stated that his decision to resign was based solely on his desire to pursue an entrepreneurial route and requested to be relieved as soon as practical, given that regulatory approvals for the Encora transaction had been received and the company was ready to close the transaction in the near term.
Historical Stock Returns for Coforge
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.27% | +4.10% | +21.86% | -25.25% | +2.75% | +107.57% |
Who will Coforge appoint to lead its M&A strategy following Kumar's departure, and will this impact the company's aggressive acquisition pace?
How might the simultaneous departure of both M&A and investor relations heads affect Coforge's ability to communicate future growth strategies to stakeholders?
Will Coforge's M&A strategy shift focus or slow down after completing five major acquisitions and achieving 127% revenue growth in under two years?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
