Newgen Software Wins Orders Worth €4.22 Million and ₹21.24 Crore

Newgen Software Technologies Limited, through its wholly owned UK subsidiary, announced a significant international order. The company executed a Master Service Agreement with Tata Consultancy Services N.V., Belgium, to deliver cloud hosting, software licensing, and implementation services.

The scope of the project includes the provision of a modernised, cloud-based enterprise records management platform for an end customer. This engagement is set to enhance operational efficiency and digital transformation for the client. The order carries an aggregate value of €4,222,683 (approximately ₹38 crore) and will be executed over a period of five years.

This deal highlights Newgen’s growing presence in international markets and its ability to provide advanced cloud-based enterprise solutions for global enterprises.

Domestic Order from Kshema General Insurance

Alongside its global win, Newgen Software also received a domestic order from Kshema General Insurance Limited. The company has been awarded a purchase order for the implementation of its Policy Administration System, which includes software licensing, implementation, and annual support services.

The order is valued at ₹21.24 crore (including taxes) and is also structured for a five-year execution period. This deal reinforces Newgen’s strong foothold in India’s insurance technology sector, where its platforms are increasingly being adopted to streamline operations and improve customer service.

Strategic Significance

These orders, one international and one domestic, underscore Newgen’s ability to balance its global expansion with sustained growth in the Indian market. With increasing demand for cloud-based solutions and digital insurance platforms, Newgen is well-positioned to capitalise on both trends.

Newgen Software Technologies Share Price Performance

On September 24, 2025, Newgen share price (NSE: NEWGEN) opened at ₹883.50 and closed at ₹875.50, down by 0.98%. The stock price touched its day’s low at ₹873.00.

Also Read: Dividends, Stock Splits & Bonus Issues This Week (Sep 22–26)!

Conclusion

By securing two large-scale deals in different geographies, Newgen Software Technologies has demonstrated both versatility and strong market trust. The five-year contracts provide revenue visibility while boosting the company’s profile in the cloud services and insurance technology space. For investors and stakeholders, these wins signal continued momentum in Newgen’s growth trajectory.

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