Newgen Software USA-based subsidiary bags major orders worth USD 3 million.

Newgen Software Technologies Limited Secures USD 3 Million Purchase Orders from Insurance Sector

Newgen Software Technologies Limited announced that its subsidiary, Newgen Software Inc. (NSI), has received Purchase Orders worth USD 3,008,533 from a customer in the insurance industry. The international orders are set for a 5-year duration, marking a significant win for the company.

Key Details:

  • Contract Source: International
  • Duration: 5 years
  • Promoter/Group Interest: None
  • The transactions do not qualify as related party transactions under the Companies Act, 2013.

This deal strengthens Newgen Software’s position in the global insurance sector. For more details, visit BSE Disclosure.

About Newgen Software
Newgen Software provides innovative BPM, ECM, and customer communications management solutions to businesses worldwide, helping them drive digital transformation.

Disclaimer: This content is written by Chiman Soni, a CS Executive student and founder of Corporate Laws Hub. The information provided herein is for educational and informational purposes only and should not be construed as legal advice or financial advice. While every effort has been made to ensure the accuracy and reliability of the information, readers are advised to consult a qualified legal professional, financial advisor, or refer to authoritative sources for specific legal or financial queries or concerns.

Content Sources Disclaimer

The information provided in this article has been compiled from reliable and publicly accessible sources: MCA/ICSI/SEBI/Income Tax Department/GST Portal/(IP India)/Supreme Court of India/BSE/NSE/Other Sources.

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