MoD Signs NAMIS and Vehicle Supply Contracts With Force Motors and Mahindra & Mahindra Worth ₹2,500 Crores

The Ministry of Defence has signed contracts worth ₹2,500 crore for the procurement of tracked anti-tank weapon platforms and approximately 5,000 light vehicles for the Indian Armed Forces. These agreements were signed in New Delhi on March 27, 2025, in the presence of Defence Secretary Rajesh Kumar Singh.

₹1,801 Cr Contract for NAMIS (Tracked) Weapon System

A major portion of the total contract value – ₹1,801.34 crore. has been allocated to the procurement of the Nag Missile System (NAMIS) tracked version. The contract has been signed with Armoured Vehicle Nigam Limited (AVNL).

The NAMIS (Tr) system has been developed by the Defence Research and Development Laboratory (DRDL) of DRDO. It is an anti-tank weapon platform equipped with fire-and-forget missile technology and a sighting system. It is intended to improve the anti-tank capacity of the Indian Army’s Mechanised Infantry and support operations in a range of conditions.

Procurement of 5,000 Light Vehicles

In addition to the NAMIS contract, the Ministry has also signed agreements with Force Motors Ltd and Mahindra & Mahindra Ltd for the supply of approximately 5,000 light vehicles.

These vehicles are equipped with upgraded engine power and a payload capacity of 800 kg. They are to provide mobility support to the Armed Forces across varied terrains and operational requirements.

As of 11:28 AM on March 28, Mahindra & Mahindra Ltd share price was trading at ₹2,652.60, down 2.94% or ₹80.40, while Force Motors share price was trading at ₹9,024.40, up 2.69% or ₹236.35.

Category and Manufacturing

Both contracts fall under the Buy (Indian–Indigenously Designed, Developed, and Manufactured) category. The procurement is in line with current efforts to source more defence equipment from domestic manufacturers.

The contracts are to support local manufacturing and involve supply chains that include small and medium enterprises. This may lead to direct and indirect employment generation through the production of components and vehicle parts, as per the reports.

Conclusion

The contracts mark the continued procurement of equipment for the Armed Forces, focusing on mobility and anti-tank capabilities using platforms developed and produced within India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

HAL Signs Revised Amendment to LCA Mk1 FOC Contract

Hindustan Aeronautics Limited (HAL), on March 27, 2025, signed an amendment to its Light Combat Aircraft (LCA) Mk1 Final Operational Clearance (FOC) contract. The original contract, signed on December 23, 2010, was valued at ₹5,989.39 crore. Following a revision in the delivery schedule, the amended value now stands at ₹6,542.20 crore.

LCA Mk1A and Delivery Plans

The LCA Mk1A is an upgraded version of the indigenous Tejas fighter jet developed by HAL. The company is currently manufacturing these jets for the Indian Air Force (IAF). HAL is expected to deliver 16 LCA Mk1A units in 2025. The first delivery was initially scheduled for March 2024 but has been delayed due to project-related issues. 

In total, 83 Mk1A units are to be delivered by 2029.

Q3 FY25 Financial Results

For the quarter ended December 2024, HAL reported a net profit of ₹1,432.6 crore, up 14.28% from ₹1,253.5 crore in the same quarter last year. Revenue from operations rose to ₹6,956.93 crore from ₹6,060.91 crore, an increase of 15%. EBITDA rose 17.2% to ₹1,681 crore, and margins improved slightly to 24.2% from 23.7%.

On March 26, 2025, GE Aerospace delivered the first of 99 F-404-IN20 engines to HAL. These engines will power the LCA Mk1A variant.

Stock Performance

On March 28, HAL share price rose over 2% today, trading ₹4,247.05 at 10:49 AM. Its market capitalisation is currently ₹2.78 lakh crore. The stock has gained over 7.5% in the past five trading sessions. It is up 28.60% over the past month but down nearly 7% over the last six months. HAL’s 52-week high was ₹5,674.75 (July 9, 2024), and its 52-week low was ₹3,046.05 (March 3, 2025).

Conclusion 

The revised contract showcases adjustments in the delivery timeline for the LCA Mk1A jets. With engine deliveries now in motion, HAL plans to continue production as it works toward completing the order by 2029.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Studds Accessories Refiles DRHP With SEBI for IPO

Studds Accessories, the well-known helmet manufacturer, has refiled its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking its second attempt to go public. 

The first filing was made in 2018, which received regulatory approval but was eventually withdrawn.

Offer for Sale by Promoters

The IPO will be an Offer for Sale (OFS) of up to 77.9 lakh equity shares. No new shares will be issued, and the company will not receive any proceeds. The selling shareholders include promoters Madhu Bhushan Khurana (around 38 lakh shares), Sidhartha Bhushan Khurana (8 lakh shares), and Chand Khurana (approximately 21 lakh shares). As of now, Madhu Bhushan Khurana holds 37.95%, Sidhartha Bhushan Khurana 31.79%, and Chand Khurana 8.35% of the company.

IIFL Capital Services and ICICI Securities are the lead managers for the IPO.

Financials for FY24

For the financial year ended March 2024, Studds reported a revenue of ₹529.02 crore, up from ₹499.17 crore in FY23. Net profit rose to ₹57.23 crore from ₹33.15 crore the previous year. The EBITDA margin stood at 17.05%, compared to 12.03% in FY23. For the six-month period ending September 2024, revenue from operations was ₹285 crore, with a net profit of ₹33 crore.

Business Overview

Studds manufactures and sells two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands. The company also offers accessories such as luggage, gloves, rain suits, riding jackets, and eyewear. It operates three manufacturing facilities with a total capacity of 90.4 lakh helmets per year, and a fourth plant is under construction. In FY24, the company sold approximately 71 lakh helmets.

Studds exports its products to over 70 countries across the Americas, Asia, and Europe. It also manufactures helmets for international brands, including Daytona (USA) and O’Neal (USA, Europe, and Australia).

Conclusion 

The company has refiled its IPO papers after a previously withdrawn attempt in 2018. As the offer comprises only a sale by existing shareholders, no fresh capital will be raised, and the proceeds will go to the selling stakeholders.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Jio Financial Services Infuses ₹1,000 Cr in Subsidiary Jio Finance Ltd

Jio Financial Services Limited (JFSL) announced an investment of ₹1,000.24 crore in its wholly-owned subsidiary, Jio Finance Limited (JFL), as per the reports. The investment was made through the subscription of 1,73,77,412 equity shares at ₹10 each. As per the company’s regulatory filing, the funds will be used to support JFL’s business operations.

As of 11:02 AM on March 28, Jio Financial Services share price was trading at ₹231.45, up ₹5.67 or 2.51% for the day, showcasing an 11.48% rise over the past month but a 33.98% decline over the past six months.

Investment in Jio Payments Bank

JFSL also invested ₹85 crore in Jio Payments Bank Limited (JPBL) by subscribing to 8.5 crore equity shares at ₹10 each. Following this transaction, JFSL’s stake in JPBL increased from 82.17% to 85.04%. The transaction qualifies as a related-party transaction but was executed on an arm’s length basis. No regulatory or government approvals were required.

Quarterly Financial Performance

For the quarter ending December 31, 2024, JFSL reported a net profit of ₹294.8 crore, marking a marginal increase of 0.3% year-on-year (YoY) from ₹293.8 crore in Q3 FY24. Revenue from operations rose 6% YoY, reaching ₹438.4 crore compared to ₹413.6 crore in the same quarter last year.

AUM and Payments Growth

JFSL’s assets under management (AUM) rose to ₹4,199 crore in Q3 FY25, up from ₹1,206 crore in the previous quarter. The payments bank also saw growth in its CASA (Current Account and Savings Account) base, which increased 25% quarter-on-quarter to 1.89 million users.

Conclusion

JFSL has made two capital infusions totaling over ₹1,000 crore into its subsidiaries. These investments are aimed at supporting the ongoing operations of JFL and JPBL and were completed without external approvals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

DSP Mutual Fund Files Draft for CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund

DSP Mutual Fund has filed draft documents with SEBI for a new scheme: the DSP CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund. The fund falls under the index fund category and will be structured as an open-ended constant maturity index fund.

Fund Objective and Structure

The investment objective is to track the performance of the CRISIL-IBX Financial Services 3 to 6 Months Debt Index by investing in debt instruments with residual maturities between three and six months. These include Commercial Papers (CPs), Certificates of Deposit (CDs), and corporate bond securities. 

The fund does not aim to outperform the index, but to replicate its performance, subject to tracking error.

Asset Allocation and Instrument 

The scheme intends to allocate 95% to 100% of its assets to securities forming part of the underlying index. Up to 5% may be held in cash or cash-equivalent instruments such as treasury bills, government securities, and repos with maturities under 91 days.

There will be no exposure to derivatives, overseas securities, securitized debt, or instruments with special features. The scheme will also not engage in short selling or stock lending.

Index Composition and Rebalancing

The index comprises securities from financial service issuers rated AAA. At any point, the fund must include at least 8 issuers, with no single issuer exceeding 15% of the portfolio. Rebalancing will occur within 7 calendar days in the event of changes to index constituents or within 30 days if a security is downgraded below the index criteria.

Other Details

The New Fund Offer (NFO) gives both Growth and Income Distribution cum Capital Withdrawal (IDCW) options. The minimum application amount is ₹100. There is no exit load on redemptions. Units will be priced at ₹10 each during the NFO period. The fund will not be listed on exchanges and will reopen for repurchase and sale within five business days of allotment.

Conclusion 

The scheme follows a passive investment approach with a fixed maturity strategy, limiting exposure to short-term, high-rated debt instruments. Its structure and rebalancing mechanism are aligned with index requirements, offering predictability in portfolio composition.

Ensure steady returns with systematic withdrawals! Estimate your withdrawals with our SWP Calculator and manage your finances seamlessly.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

DSP Mutual Fund Files Draft for Silver ETF Fund of Fund

DSP Mutual Fund has filed draft documents with SEBI for the launch of the DSP Silver ETF Fund of Fund, an open-ended scheme that will invest in units of the existing DSP Silver ETF. The scheme is to provide returns that closely correspond to the performance of physical silver, without directly investing in it.

Fund Structure and Allocation

Under normal circumstances, the scheme will allocate 95% to 100% of its assets to units of the DSP Silver ETF. The remaining 0% to 5% may be held in cash or cash equivalents, including TREPS, treasury bills, and government securities with a residual maturity of less than 91 days. The scheme will not invest in international securities, derivatives, debt instruments, or other mutual funds.

Benchmark and NAV Disclosure

The benchmark for the scheme is the domestic price of physical silver, based on the London Bullion Market Association (LBMA) daily spot fixing price. NAVs will be calculated on all business days and disclosed by 10 a.m. the next day on the AMC and AMFI websites.

Fund Details

The New Fund Offer (NFO) details are as follows:

  • New Fund Offer Price: ₹10 per unit
  • Minimum Application Amount: ₹100 and any amount thereafter
  • Exit Load: Nil
  • Expense Ratio (TER): Up to 1.00% of daily net assets, in addition to the DSP Silver ETF’s existing expense ratio of 0.5044% (as of Jan 31, 2025)
  • Plan Options: Growth and IDCW (Payout/Reinvestment)

The scheme will be managed by Anil Ghelani and Diipesh Shah, both of whom currently manage DSP’s range of ETF and passive products.

Liquidity and Transactions

Redemption proceeds are expected to be processed within three working days. The scheme is not listed on stock exchanges but offers daily purchase and redemption. Facilities like SIP, STP, SWP, ASBA, and switching from other DSP schemes are available.

Conclusion 

The DSP Silver ETF Fund of Fund offers exposure to silver through a structured mutual fund route. It mirrors the performance of physical silver by investing entirely in the DSP Silver ETF. The scheme is currently awaiting regulatory approval.

Curious about your SBI SIP returns? Get accurate estimates of your investment growth using our SBI SIP Calculator and stay ahead of your financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

NFO Alert: ICICI Prudential Mutual Fund Launches Nifty EV & New Age Automotive ETF FoF

ICICI Prudential Mutual Fund has announced a New Fund Offer (NFO) under its ETF category – ICICI Prudential Nifty EV & New Age Automotive ETF FoF. This is an open-ended fund-of-fund (FoF) scheme that will invest in units of the ICICI Prudential Nifty EV & New Age Automotive ETF.

Fund Details

  • Fund Name: ICICI Prudential Nifty EV & New Age Automotive ETF FoF
  • Category: Equity – Thematic
  • Type: Open-ended
  • Benchmark: Nifty EV & New Age Automotive TRI
  • Riskometer: Very High
  • Fund Managers: Nishit Patel and Ashwini Shinde
  • Registrar & Transfer Agent: CAMS

NFO Timeline and Investment Amount

  • Issue Opens: March 28, 2025
  • Issue Closes: April 10, 2025
  • Reopens: Within five business days from the date of allotment
  • Minimum Investment: ₹1,000 and in multiples of any amount thereafter
  • Plans Offered: Growth and IDCW
  • Exit Load: Nil
  • Lock-in Period: Not applicable

Objective and Strategy

The scheme aims to generate returns that correspond to the total returns of the underlying index – Nifty EV & New Age Automotive TRI, subject to tracking error. The corpus will be invested in the ETF, which replicates the stocks of the benchmark index in the same proportion.

The fund will predominantly invest in equity and equity-related instruments of companies included in the Nifty EV & New Age Automotive TRI, covering sectors like electric mobility, new-age automotive technologies, and related industries.

Systematic investment solutions like SIP and SWP are available to enable regular investments or withdrawals based on investor preferences.

Conclusion

The NFO offers access to a specific segment of the market – electric vehicles and evolving automotive technologies through a passive investment structure.

Ready to watch your savings grow? Try our SIP Calculator today and unlock the potential of disciplined investing. Perfect for planning your financial future. Start now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Dilip Buildcon Joint Venture Secures BSNL Bharat Net Contract Worth ₹2,631.14 Crore

DBL-STL Consortium has been awarded an Advance Work Order (AWO) by Bharat Sanchar Nigam Limited (BSNL) for the Bharat Net Phase-III project. This initiative aims to enhance broadband connectivity across Jammu & Kashmir and Ladakh, contributing to India’s digital infrastructure.

Project Overview and Scope

The project involves the design, supply, construction, installation, upgradation, operation, and maintenance of a middle-mile network. Under the Design-Build-Operate-Maintain (DBOM) model, the consortium will facilitate both middle-mile and last-mile connectivity. The contract, valued at ₹2,631.14 crore, covers capital expenditure (CAPEX), operational expenditure (OPEX), and GST. Dilip Buildcon Limited (DBL) will execute 70.23% of the project.

Contract Terms and Execution Timeline

Awarded by a domestic entity, the contract spans 3 years for construction, followed by ten years of maintenance. The project does not involve any related party transactions, ensuring transparency. 

BSNL’s initiative is backed by the Universal Service Obligation Fund (USOF), aimed at bridging the digital divide in remote regions.

Dilip Buildcon Share Performance 

As of March 27, 2025, at 2:40 PM, the shares of Dilip Buildcon Ltd are trading at ₹472.50 per share, reflecting a rise of 4% from the previous day’s closing price. Over the past month, the stock has surged by 14.84%.

Conclusion

This contract underscores DBL-STL Consortium’s role in strengthening India’s digital infrastructure. By expanding connectivity in critical regions, the project aligns with the national objective of enhanced broadband accessibility.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Are Inherited Mutual Funds Tax-Free or Not?

Mutual funds have grown into one of the most favoured investment avenues in India due to their relatively low entry barrier, diversification benefits, and long-term wealth creation potential. 

But while most investors understand the taxation of mutual funds during their lifetime, fewer are aware of how these funds are treated when inherited. If you’ve recently inherited mutual funds—or are planning your estate—it’s important to grasp the nuances of taxation related to such transfers.

No Tax on Inheritance Itself

As of today, India does not levy an inheritance tax or estate duty. This stems from the abolition of the Estate Duty Act back in 1985. As a result, when a person inherits mutual fund units—whether they be equity, debt, or hybrid—there is no tax levied at the point of transfer. These units are passed on either to the nominee or legal heir seamlessly, without any immediate tax implications.

However, the story changes when the heir decides to redeem or sell these inherited units. That’s when taxation comes into the picture.

Cost of Acquisition and Holding Period

The 2 most critical elements that influence taxation upon selling inherited mutual funds are the cost of acquisition and the holding period.

  • Cost of Acquisition: As per Section 49(1) of the Income Tax Act, the cost of acquisition is considered to be the amount originally paid by the deceased investor. 
  • Holding Period: The duration of holding is also inherited. The period starts from the date the deceased acquired the mutual fund units, not from the date they were inherited. This provision can work favourably for the heir, especially if the original investment was made long ago, potentially qualifying the gains as long-term.

Taxation on Redemption of Inherited Mutual Funds

When the legal heir or nominee redeems the mutual fund units, capital gains tax applies. The rate and structure of tax depend largely on the type of mutual fund and the original holding period.

Equity Mutual Funds

  • Short-Term Capital Gains (STCG): If the inherited units are sold within 12 months from the original date of purchase, the gains are taxed at 20% plus applicable surcharge and cess under Section 111A.
  • Long-Term Capital Gains (LTCG): If held for over 12 months, the gains qualify as long-term. LTCG up to ₹1.25 lakh per financial year is tax-exempt. Gains beyond that are taxed at 12.50% (plus surcharge and cess), with no indexation benefit, as per Section 112A.

Debt Mutual Funds

The taxation on debt mutual funds depends on whether they were purchased before or after 1 April 2023.

  • For investments made after 1 April 2023: All capital gains, regardless of the holding period, are taxed at the investor’s applicable income tax slab rate. This rule also applies to inherited debt mutual funds.
  • For investments made before 1 April 2023: If the deceased held the debt fund units for more than two years, and the heir continues to hold them beyond that period, the gains qualify for long-term capital gains. LTCG from such funds is taxed at 12.50% plus applicable surcharge and cess. 

Tax Implications for Nominees and Legal Heirs

  • Nominee vs Legal Heir: While a nominee is the first point of transfer, they essentially act as a trustee until the rightful legal heir is determined. Regardless of whether the units are first passed on to a nominee or directly to the heir, the tax treatment remains consistent.
  • Joint Holders: If mutual funds are held jointly with the right of survivorship, the surviving holder becomes the sole owner upon the other’s death. The cost and holding period continue unchanged.

Exemptions and Deductions

  • Equity LTCG Exemption: The ₹1.25 lakh annual exemption on LTCG from equity mutual funds is available to the heir, provided the gains meet long-term conditions.
  • No Special Deductions: There are no specific deductions under Section 80C or other provisions for inherited mutual funds unless the proceeds are reinvested in eligible schemes.

A Practical Illustration

To bring this to life, let’s consider an example cited by Shinghal:

Mr A purchased 10,000 units of an equity mutual fund in January 2020 at ₹100 per unit, amounting to a total investment of ₹10 lakh. Upon his demise in January 2025, his daughter, Ms B, inherited the units, which were worth ₹200 per unit at the time (total value: ₹20 lakh). Ms B sold them in June 2025 at ₹250 per unit (total proceeds: ₹25 lakh).

  • Original Cost: ₹10 lakh
  • Holding Period: January 2020 to June 2025 (more than 12 months) – LTCG applicable
  • Capital Gains: ₹25 lakh – ₹10 lakh = ₹15 lakh
  • Exempted Gains: ₹1.25 lakh
  • Taxable Amount: ₹13.75 lakh
  • Tax Payable: 12.50% of ₹13.75 lakh = ₹1,71,875 (excluding surcharge and cess)

Conclusion

Understanding these provisions helps ensure that beneficiaries of mutual funds navigate the tax implications correctly. Still, given the complexities and potential changes in tax regulations, seeking professional advice is always advisable in such matters.

Plan your SBI SIP investments better! Use our easy-to-use SBI SIP Calculator and estimate future returns with just a few clicks. Your financial growth starts here.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Coforge Expands Microsoft Partnership to Elevate Developer Productivity Through AI Integration

Global digital services provider Coforge Limited announced the expansion of its collaboration with Microsoft. This initiative aims to significantly enhance developer productivity through AI-integrated solutions, particularly leveraging GitHub Copilot.

Coforge has already trained over 10,000 developers on GitHub Copilot, enabling them to modernise legacy applications and efficiently create new code. The move is part of Coforge’s broader AI-first approach to software development and enterprise transformation.

The share price of Coforge was up by 1.29% as of 2:29 PM on March 27, 2025. 

GitHub Copilot: Driving Efficiency at Scale

By embracing GitHub Copilot, Coforge aims to tackle the growing challenges developers face while working with complex legacy systems. GitHub Copilot helps by automating code suggestions, reducing manual workload, and boosting efficiency in code development.

This training equips Coforge’s developers with the tools needed to streamline workflows and deliver intelligent applications at a faster pace. In some cases, the company has reported up to 30% gains in productivity, particularly in tasks involving fresh code generation.

Specialisation with Microsoft Azure

Coforge has achieved the Accelerate Developer Productivity with Microsoft Azure specialisation, formerly known as the DevOps with GitHub Advanced Specialisation. This certification underscores the company’s capabilities in enhancing developer performance using Microsoft’s AI-driven toolchain.

This specialisation is only awarded to partners that meet stringent criteria, such as demonstrating significant Azure consumption, a proven delivery track record, and active participation in Microsoft’s Digital & App Innovation programmes.

Endorsement from Microsoft and GitHub

Matt Finkelstein, Vice President of Global Microsoft and Partner Solution Sales at GitHub, congratulated Coforge on this achievement. He highlighted how this recognition enables Coforge to help clients accelerate business outcomes through improved developer efficiency.

The certification also enhances Coforge’s visibility and credibility in the developer ecosystem, reflecting the company’s dedication to maintaining the highest service standards.

Enabling a New Developer Experience

Vic Gupta, Executive Vice President and Head of Microsoft Business at Coforge, commented on the company’s focus on adopting AI-enabled tools to maximise output.

He noted, “Training and certification of 10,000+ workforce on GitHub Copilot, who are ready to work on legacy modernisation and accelerate new application development across industries, is a step ahead in this journey.”

This enhanced capability positions Coforge to support enterprises in their digital transformation by bridging gaps between outdated systems and modern software needs.

About Coforge

Coforge is a global IT services and solutions firm, known for leveraging AI, cloud, data, and automation to deliver meaningful outcomes for clients. With a presence in 23 countries and 30 delivery centres worldwide, the company focuses on select industries and deep domain expertise to drive innovation and growth.

Conclusion 

Coforge’s strengthened collaboration with Microsoft is a strategic move aimed at significantly enhancing developer productivity through advanced cloud and AI tools. This partnership not only reinforces Coforge’s position in the digital transformation space but also signals strong future growth prospects. The market has responded positively, as reflected in the uptick in the company’s share price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks; read all the related documents carefully before investing.