Coforge Investment Doubles India Inc Overseas Bets

Mumbai, May 21 (PTI) Overseas direct investment by Indian companies doubled in April over the previous month to USD 3.369 billion, the Reserve Bank said on Thursday.

The jump in overseas investments -- which occurred even as geopolitical tensions triggered by the Middle East conflict persisted and the rupee depreciated sharply -- was driven by the IT company Coforge, according to official data.

The ODI for March by Indian companies stood at USD 1.613 billion, while in the year-ago period it was USD 1.969 billion in April 2025, the RBI said.

In April 2026, the top five companies accounted for around 86 per cent of overseas direct investments in equities, led by two Coforge bets totalling USD 1.371 billion and USD 994 million.


According to the Reserve Bank of India's (RBI) data, Coforge was followed by Lupin at USD 229 million, Wingify Software at USD 156.8 million, Knack Global at USD 82.97 million, and Qlar Technology India at USD 54.07 million.

Total financial commitments, including debt and guarantees issued, increased by just 11 per cent month-on-month in April to USD 5.644 billion, up from USD 5.085 billion a month ago. However, on a year-on-year basis, total financial commitments fell by 10.81 per cent, from USD 6.329 billion in April, 2025.

The rise in the total financial commitments in April was because of the sharp surge in the equity commitments. However, loans and guarantees saw a decline over the previous month.

As per data, loan commitments stood at USD 517.75 million in April 2026, as compared to USD 770.68 million in March, and USD 1.121 billion in April 2026.

Guarantees issued stood at USD 1.758 billion in April, as against USD 2.701 billion in March, and USD 3.239 billion in April 2026.