This BSE 200 company has set up a Centre of Excellence dedicated to Metaverse and Web3 solutions; find out more

This BSE 200 company has set up a Centre of Excellence dedicated to Metaverse and Web3 solutions; find out more

by 5paisa Research Team Last Updated: Dec 13, 2022 - 09:32 am 17.7k Views
Listen icon

The stock of this company is up by 1.50 % or 52.70 points.  

Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provide us with a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high-growth enterprises. The firm has a presence in 21 countries with 25 delivery centres across nine countries.

On 30 August the company announced the opening of its Centre of Excellence (CoE) for the Metaverse and Web3. The facility will promote interdisciplinary research and identify various use cases using the metaverse and its intersection with digital technologies including blockchain, smart contracts, AI, ML, cognitive, data and analytics, and integration with other enterprise systems.

The company aims to be at the forefront of the immersive experience, real-time presence, decentralized control, and possibilities metaverse & Web3 offer. Moreover, it is also planning to train and upskill over 1000 employees to deliver on the Metaverse and Web3 requirements of its customers. 

Commenting on this announcement, Sudhir Singh, CEO, and Executive Director of Coforge said, “The ability to combine the physical world with the virtual world brings tremendous opportunities in programming the next internet, content, and experiences from the factory floor to the board room. We are excited to engage with the Metaverse, Web3, and related technologies to tap the countless opportunities for innovation they offer in our core verticals of BFS, Insurance, and Travel & Hospitality and in new verticals like Retail, Manufacturing, Healthcare, and Public Sector.” 

On Tuesday, August 30, 2022, the shares of Coforge are up by 1.50% and the scrip is trading at Rs 3564.20. The stock has a 52-week high and low of Rs 6133 and 3224.45, respectively on BSE

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Exicom Tele-Systems IPO Soars with 87% Premium Debut

Bumper Listing for Exicom Tele-Systems IPO

Purv Flexipack IPO's Spectacular 266% Premium Debut, Hits Lower Circuit

Purv Flexipack IPO Sees Astonishing Listing

Morgan Stanley Introduces Pre-IPO Share Trading for Clients: Stay Ahead!

Morgan Stanley is setting new standards in the investment world with the introduction of pre-IPO share trading through its wealth management division, giving clients exclusive access to high-potential private companies, often termed as "unicorns," valued over $1 billion.