Synopsis: Newgen Software Technologies Limited has secured a five-year order worth approximately Rs. 15.59 crore from Annapurna Finance Private Limited for implementing and maintaining its Loan Origination and Collections System. The contract is expected to strengthen the company’s presence in the rapidly growing digital lending and financial technology solutions segment.
Shares of Newgen Software Technologies Limited are likely to remain in focus after the company announced that it has secured a domestic order worth approximately Rs. 15.59 crore from Annapurna Finance Private Limited for the implementation and maintenance of its Loan Origination and Collections System.
Newgen Software Technologies Limited has a total market capitalization of approximately Rs. 6,668.76 crore. The company’s shares were trading at Rs. 468 apiece on the stock exchange, down by 0.053 percent during the session. The stock has declined 0.34 percent over the last five trading sessions, while it has gained 6 percent over the last month. The stock touched a 52-week high of Rs. 1176 and a 52-week low of Rs. 401.
According to the company’s regulatory filing, Newgen Software has received and accepted a purchase order from Annapurna Finance Private Limited for providing a perpetual software license, implementation, and support services for its Loan Origination and Collections System.
The contract carries an aggregate value of approximately Rs. 15.59 crore and will be executed over a period of five years. The company clarified that the order has been awarded by a domestic entity and does not constitute a related-party transaction.
The latest order further strengthens Newgen Software’s position in the banking, financial services, and insurance (BFSI) technology segment. Loan Origination Systems (LOS) automate the complete lending lifecycle, from customer onboarding and credit assessment to loan approvals and documentation, while collections platforms help financial institutions efficiently manage repayments, reduce delinquencies, and improve asset quality.
India’s digital lending ecosystem continues to witness rapid growth, driven by increasing financial inclusion, rising adoption of digital banking, expanding NBFC operations, and regulatory emphasis on technology-driven lending. Banks and financial institutions are investing significantly in workflow automation, artificial intelligence, document management, and digital customer onboarding to improve operational efficiency and customer experience.
For investors, the five-year contract enhances Newgen Software’s revenue visibility while reinforcing its expertise in enterprise software solutions for the financial services industry. Long-term implementation and maintenance contracts also provide recurring revenue opportunities, supporting sustainable business growth and deeper customer engagement.
Incorporated in 1992, Newgen Software Technologies Limited is a global software products company specializing in enterprise workflow automation, document management, content services, customer communication management, and digital transformation solutions. The company serves clients across banking, insurance, healthcare, government, telecom, and other industries through its low-code automation platform and enterprise software products.
The latest Rs. 15.59 crore order further strengthens Newgen Software’s order book and reinforces its position as a key technology partner for India’s growing digital lending and financial services ecosystem.
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