Newgen Software Technologies LLC, a wholly-owned subsidiary of Newgen Software Technologies Limited, has won a significant international contract valued at $2 million. This strategic win reinforces Newgen’s global presence in delivering cutting-edge digital transformation solutions.
Key details of the contract:
- Contract Value: $2 million (approximately ₹16.5 crore).
- Project Scope: Development and implementation of a comprehensive Digital Lending and Onboarding Platform for retail products.
- Client: A major international entity (name undisclosed).
- Project Duration: The platform will be delivered over a span of one year.
- Nature of the Deal: Non-related party transaction, ensuring compliance with the Companies Act, 2013.
The project focuses on revolutionizing the client’s lending and onboarding processes by leveraging Newgen’s digital expertise. This platform will enable seamless integration of retail lending operations with advanced features like automated workflows, customer verification, and end-to-end process management.
As of 1:43 PM the shares of Newgen Software were trading 3.57% lower at ₹1,626.00 on NSE.
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