New Delhi, Oct. 29 -- More than three decades after it was founded, Cognizant Technology Solutions Corp. is weighing a debut on Indian stock exchanges, which would make it India's second-largest listed IT services company, right behind Tata Consultancy Services (TCS). The Teaneck, New Jersey-headquartered company listed its shares on the US tech-heavy exchange Nasdaq 27 years ago.

"Cognizant's board and management team regularly assess opportunities to enhance shareholder value. Towards this end, we have been assessing a potential primary offering and a secondary listing in India, with our legal and financial advisors," chief financial officer, Jatin Dalal told analysts in a post-earnings interaction.

The company, which ended last year ...