Coforge Limited has informed the Exchange about General Updates
COFORGE · price
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Coforge Limited has announced the resignation of two senior management personnel effective April 17, 2026. Anup Kumar, EVP and Global Head of M&A, and Manish Hemrajani, Head of Investors Relations, have both stepped down. Anup Kumar's resignation letter reveals he had a successful two-year tenure during which the company executed five acquisitions (Xceltrait, TMLabs, Rythmos, Opt ML, and Encora), integrated Cigniti, and divested the Advantage Go business. Under his leadership, company revenue scaled from $1.1 billion to $2.5 billion. Anup Kumar cited his desire to pursue an entrepreneurial venture as the reason for leaving. The departures come shortly after regulatory approvals were received for the Encora acquisition.
The simultaneous departure of two senior executives from critical functions like M&A and Investor Relations raises key-person risk concerns. While the M&A head's departure after completing major acquisitions may be timed, investors may view the loss of institutional knowledge in these strategic roles cautiously.