US-based IT major Cognizant Technology Solutions is exploring the possibility of launching a primary offering (IPO) and a secondary listing in India, according to PTI. The move could allow Indian investors to directly own shares in the company and strengthen Cognizant’s presence in one of its largest talent and business markets.
A primary offering would involve the issuance of new shares to raise capital, while a secondary listing would allow Cognizant’s existing shares (currently traded on the NASDAQ) to be listed on Indian stock exchanges.
The company’s management, led by its board and financial advisors, is conducting an internal review to assess the potential benefits and regulatory implications of this plan. While the discussions are still in early stages, the company has emphasized that the process is complex and long-term, involving approvals and coordination between US and Indian regulators.
If approved, Cognizant’s potential listing could make it one of the few global IT firms with a trading presence in both the US and India, boosting its visibility among Indian investors and improving liquidity for shareholders.
During the July–September 2025 quarter, Cognizant reported a 53% decline in net income to USD 274 million, mainly due to a one-time, non-cash income tax expense of USD 390 million. Despite this drop in profit, the company’s revenues grew 7.3% year-on-year, reaching USD 5.42 billion, supported by its expanding investments in artificial intelligence (AI) and digital transformation services.
The company also added 6,000 new employees, primarily freshers, bringing its total headcount to 3,49,800 by the end of September 2025.
An Indian listing could help Cognizant strengthen its brand and talent connection in India, where it employs a major portion of its global workforce. It would also enable Indian investors, including employees, to participate directly in the company’s growth story through domestic stock exchanges.
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The Cognizant IPO and secondary listing plan represent a strategic step toward deepening the company’s engagement with India’s financial and talent ecosystem. While still under evaluation, such a move could enhance shareholder value, increase market reach, and position Cognizant as a truly global IT player with strong ties to both the US and 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.
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Published on: Oct 30, 2025, 11:16 AM IST
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