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Cognizant was launched in 1994 with a team of 50 in Chennai, India, to implement large-scale IT projects for its parent company. Less than ten years later, it posted revenues of USD 229m.
Driven by rapid growth and acquisitions in the late 1990s and 2000s, Cognizant has led technological transformation across 20-plus industries, helping its clients become modern, digital and future-proof enterprises. And these are not just any clients. Cognizant works with 29 of the top 30 pharma companies, nine of the top ten European banks and seven of the top ten internet companies.
Today, Cognizant is one of the largest global professional services companies in the world, with more than 355,000 employees. It posts revenues of over USD 19bn and sits at number 194 in the Fortune 500.
Needless to say, this colossal rise has not gone unnoticed. Over the years, the company has been featured among Fortune’s Most Admired Companies, listed in the Forbes Global 2000, and won several C100 Awards, which recognise organizations that exemplify the highest level of operational and strategic excellence in information technology.
Here in the Middle East, Cognizant helps the region’s businesses to modernise technology, reimagine processes and stay ahead of the competition from its offices in Dubai and Abu Dhabi.
As well as continuing to grow its vast operation, Cognizant is committed to making a positive impact on its communities. Through the company’s Go Green initiative, it has pledged to become carbon neutral by 2030. At the same time, it works to create educational opportunities for children and underserved communities and improve the lives of disadvantaged segments of society in India and North America through its Cognizant Foundation.