H-1B Visa Fees News: From Persistent to Coforge, five IT companies share the impact on the business

As many as five IT service providers, Persistent Systems Ltd., Sasken Technologies Ltd., Cyient Ltd., Firstsource Solutions Ltd., and Coforge Ltd. have described the impact the ongoing H-1B visa issue will have on their financial performance.

The companies made their clarifications to the exchanges on Sunday evening. Here's what each of them had to say:

Persistent Systems

Persistent Systems, which derives a significant amount of revenue from the US market highlighted that based on their current assessment, they do not expect any significant impact of the executive order on their operations or financials.

"We will continue to monitor the developments in this regard closely and will provide updates as appropriate," Persistent wrote in its filing.

Sasken Technologies

Similar to Persistent, Sasken Technologies also highlighted that the order will have little or no impact on the company's ability to serve its customers in the US.

The company added that their offshore-led business will ensure continuity, while their teams remain in close touch with their customers.

Majority of Sasken's workforce is engaged in engineering R&D and digital services from development centres in India.

"As a result, Sasken is well=positioned to continue meeting customer needs seamlessly, regardless of geopolitical or regulatory changes," the company highlighted.

Cyient

The IT services provider also said that it does not impact any material impact due to this order on tis financials for financial year 2026 and for the immediate term.

For the previous year, the number of employees deployed on the H-1B visa stood at six.

Firstsource Solutions

The RPSG Group company highlighted that it has "zero-dependency" on the H-1B program for its operations.

Firstsource added that the program will have no impact on operations or financials as focuses on strong local hiring and a globally distributed execution model, regardless of immigration regulations.

Coforge

Coforge, in an exchange filing mentioned that the United States contributed 53% to the company's overall revenue in financial year 2025.

However, for the full year, Coforge filed only 65 new H-1B visa petitions, of which 63 were approved by the USCIS.

"Over the years, Coforge has consciously reduced reliance on the new H-1B petitions for project staffing, reflecting in the low number of fresh petitions filed," the company said.

Indian IT stocks will be reacting on Monday to US President Donald Trump's order over the weekend, which restricts the entry of certain non-immigrant workers.

The administration has gone on to clarify that this $1,00,000 fee will not be applicable to any H-1B visas issued previously or any petitions submitted prior to 12:01 AM Eastern Time on September 21, 2025.

The US-listed shares of Infosys and Wipro fell up to 4% on Friday, but a lot of clarity has been issued in this regard since then.