Cognizant Plans India Market Listing to Deepen Local Presence

• Cognizant exploring primary and secondary listing on Indian exchanges.
• Would become the first foreign IT major to list in India.
• Company expanding India workforce and delivery centres.

Cognizant Technology Solutions is considering a listing on Indian stock exchanges, marking a major step toward deepening its presence in one of its largest talent hubs. If approved, the move would make Cognizant the first foreign IT services firm to be listed in India.

The company’s Chief Financial Officer, Jatin Dalal, said during a post-earnings call that Cognizant is evaluating both a primary share offering and a secondary listing in India. The process, he noted, is still in the early stages and involves consultations with legal and financial advisors, as well as regulators in both India and the US.

Jatin Dalal, Chief Financial Officer, Cognizant, said, “We are carefully assessing all aspects of a potential offering and listing”. He added that the plan remains a long-term project requiring several regulatory approvals. “While no final decision has been made, we aim to act in the best interest of our shareholders.”

Headquartered in Teaneck, New Jersey, Cognizant derives nearly 90% of its revenue from the US and Europe, but two-thirds of its workforce is based in India, making it the company’s key operational base.

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The firm recently added 6,000 employees in the third quarter, bringing total headcount to 349,800, and plans to hire 20,000 freshers in 2025, more than double last year’s intake. Dalal said Cognizant remains committed to strengthening its India talent pipeline and expanding delivery centres to support global operations.