Business Update29 Jun 2026, 08:40 pm
Newgen Software Bags ₹15.59 Cr Order from Annapurna Finance
AI Summary
Newgen Software Technologies Limited has secured a significant order worth ₹15.59 crore from Annapurna Finance Private Limited. The order is for the implementation and maintenance of a Loan Origination and Collections System, with a contract duration of 5 years. This includes perpetual licenses, implementation, and support services. The counterparty, Annapurna Finance Private Limited, is a domestic entity based in India. Newgen Software has confirmed that this transaction does not fall under related party transactions.
Key Highlights
- Newgen Software secures ₹15.59 Cr order from Annapurna Finance.
- Order is for Loan Origination and Collections System implementation.
- Contract duration is for 5 years.
- Transaction is with a domestic entity.
- No promoter/group interest in the awarded contract.
Price Impact
More from NEWGEN