Newgen Wins Rs 466 Million US Contract From Financial Major

23 Oct 2025 CW Team

Newgen Software Technologies has announced a major contract win for its US subsidiary, Newgen Software Inc., securing a two-year agreement worth USD 5.29 million (around Rs 466 million) with a leading financial institution in the United States.

According to the company’s regulatory filing, the deal includes annual software licensing fees, cloud hosting services, and other service-related charges. The contract was signed with a non-related international entity, and does not involve any promoter or group company interests.

Newgen clarified in its statement that the transaction does not qualify as a related party transaction under the provisions of the Companies Act, 2013.

This agreement highlights Newgen Software’s growing footprint in the US market, underscoring its ability to win large-scale contracts from major financial players. The two-year deal is expected to generate steady revenue for its American operations while strengthening its brand credibility in the global financial technology sector.

The contract was executed through Newgen Software Inc., the US subsidiary of Newgen Software Technologies, and is seen as a strategic step in expanding the company’s international business pipeline.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..