Newgen Software Technologies Limited saw its shares rise over 5% in early trade on September 25 after announcing two significant contract wins—one in the UK and another in the Indian insurance sector. As of 9:20 AM, the shares were trading 5.88% higher at Rs 927.00.
The company informed exchanges that its wholly owned UK subsidiary, Newgen Software Technologies (UK) Limited, has entered into a Master Service Agreement with Tata Consultancy Services N.V., Belgium. Under the agreement, Newgen will deliver a cloud-based Enterprise Records Management platform, providing cloud hosting, software licenses, and implementation services. The total contract value stands at €4.22 million (approximately ₹38 crore), with a project execution period of five years.
Separately, Newgen has also bagged a domestic order from Kshema General Insurance Limited, valued at ₹21.24 crore (including taxes). The order covers the company’s flagship Policy Administration System and includes software licensing, implementation, and annual support services, also spread across a five-year term.
Both wins highlight Newgen’s growing global footprint in digital transformation and enterprise automation solutions, while also strengthening its presence in the insurance technology domain.
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