India's Coforge secures over $230 million AI transformation contract with European client

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AdvertisementAdvertisementBusinessA message reading "AI artificial intelligence", a keyboard, and robot hands are seen in this illustration taken January 27, 2025. REUTERS/Dado Ruvic/Illustration24 Jul 2026 01:24PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST July 24 : India's Coforge said on Friday it had secured a five-year contract worth more than $230 million with a major European client, without naming the customer, for an AI-led business transformation program.Here are the details:• The IT services company said the engagement, one of its largest AI-led transformation deals in Europe, will combine low-code/no-code platforms, AI-powered automation and AI-enabled software development to modernize the client's business operations• The contract is expected to improve decision-making, boost productivity, reduce manual effort and speed up service delivery, Coforge said in an exchange filingShow MoreShow Less• Shares of Coforge extended gains to trade as much as 1.72 per cent higher at a session high of 1,464.70 rupees after the company announced the contract• The deal reflects growing demand for enterprise-scale AI transformation as organizations move beyond pilot projects to broader AI adoption, Coforge's president and Europe business leader John Speight saidSource: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST