Newgen Software Technologies Limited has informed that its material subsidiary Newgen Software Inc. USA has executed an Agreement with a health insurance company situated in USA. The agreement is for supply, installation, implementation and cloud hosting of the NewgenONE CAG Solution for USD 5,475,020.
The disclosure is made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015. Customer name is withheld due to confidentiality reasons. This transaction does not fall within the definition of a related party transaction. Intimation is signed by Aman Mourya, Company Secretary and Head Legal.
At A Glance - Key Highlights
- Company: Newgen Software Technologies Limited
- Subsidiary: Newgen Software Inc. incorporated in USA, a material subsidiary
- Client: Health insurance company situated in USA - name withheld due to confidentiality
- Order Value: USD 5,475,020 - Rs 52.55 Crore at conversion rate 1 USD = INR 95.98
- Solution: NewgenONE Complaints Appeals and Grievances CAG Solution on hosted cloud
- Execution Period: 3 Years
Details Of The US Order
The entity awarding the order is an overseas entity situated in USA. As per disclosure, the significant terms are supply, installation and implementation of the NewgenONE Complaints, Appeals and Grievances Solution on Newgen's hosted cloud.
The order has been awarded by an international entity. Country in which counterparty exists is USA. Nature of order is License, implementation, Annual Maintenance, cloud hosting and Support Services.
Financials And Timeline
Broad consideration or size of the order is USD 5,475,020 - Five Million Four Hundred Seventy-Five Thousand Twenty Only US Dollars. Converted value in INR is Rs 52.55 Crore - Indian Rupees Fifty Two Crore and Fifty Five Lakh Only at conversion rate 1 USD = INR 95.98.
Time period by which the order is to be executed is 3 years. Date of occurrence of event is 28th September 2026 at 09:46 PM IST.
Other Disclosures
Whether promoter or promoter group or group companies have any interest in the entity that awarded the order is No.
Company has confirmed that this transaction does not fall within the definition of a related party transaction as specified under the provisions of the Companies Act 2013.
Order Type: International license and cloud hosting order for 3 years.
Confidentiality: Customer name withheld due to confidentiality reasons.
Order Win Details In Table
| Point | Details |
|---|---|
| Company Name | Newgen Software Technologies Limited |
| Subsidiary | Newgen Software Inc., incorporated in USA, a material subsidiary |
| Client Location | USA - Health insurance company, overseas entity, name withheld |
| Product | NewgenONE Complaints, Appeals and Grievances CAG Solution on hosted cloud |
| Nature Of Contract | License, implementation, Annual Maintenance, cloud hosting and Support Services |
| Order Value | USD 5,475,020 - Rs 52.55 Crore at INR 95.98 per USD |
| Execution Period | 3 Years |
| Promoter Interest | No, not a related party transaction |
| Event Date And Time | 28th September 2026 at 09:46 PM IST |
Conclusion
In short, Newgen Software Technologies Limited on 28th September 2026 at 09:46 PM IST announced that its material subsidiary Newgen Software Inc. USA has won a 3 year agreement worth USD 5,475,020 or Rs 52.55 Crore from a US health insurance company for supply and implementation of NewgenONE CAG Solution on cloud including license, maintenance and support, with no promoter interest and customer name withheld.