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Newgen Software Technologies Limited has received and accepted a purchase order worth ₹15.59 crore

ICICIdirect Research 30 Jun 2026 DISCLAIMER

News: Newgen Software Technologies Limited has received and accepted a purchase order worth ₹15.59 crore from Annapurna Finance Private Limited for the implementation and maintenance of a Loan Origination and Collections System. The contract includes perpetual software license, implementation, and support services, and will be executed over a 5-year period. The order is from a domestic client, with no promoter or related-party involvement. The engagement strengthens Newgen’s presence in the BFSI vertical, particularly in digital lending and collections workflow automation.

View: While the contract size is not materially significant relative to Newgen’s overall revenue base, it adds to revenue visibility through a combination of license income and recurring support revenues, while also supporting deeper penetration in the BFSI segment, which remains a key growth driver for the company. The deal signals continued demand for digital lending infrastructure, though its financial impact is likely to be limited at the consolidated level

Impact: Positive

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