For Cognizant, an unmistakable scent of homecoming is in the air.
The US-listed IT services company is working with a Mumbai-based corporate law firm on due diligence for a potential listing in India, The Ken has learnt.
The idea is still in the exploratory phase, but the outline appeared sometime ago: CFO Jatin Dalal revealed on an earnings call in October that Cognizant was
The key phrase is “secondary listing”. Cognizant will continue trading on Nasdaq even after it joins the Indian stock market. A rare shift. Standard Chartered tested it in 2010. Tax complications and poor liquidity followed. By 2020, the global banking giant was acquireing back its Indian shares and
Why does Cognizant want to walk where others fear to tread? And at such a volatile time for the IT sector in India?
The Nifty IT index’s price-to-earnings (PE) ratio peaked at around 36 in late 2024, sharply dipped in 2025, and recovered slightly in recent months. Until this week’s wider market
Cognizant, though, it seems, is playing a longer game.
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