Newgen Software Technologies Wins A Software Contract from Kuwait
Newgen Software Technologies Wins A Software Contract from Kuwait for ₹20.54 crore.
Newgen Software Technologies Limited, a company engaged in the business of software product development globally, on March 15, 2026, announced that,
Newgen Software Technologies L.L.C, a wholly owned subsidiary of the company (Newgen Software), incorporated in Dubai, wins a major software contract from a bank in Kuwait. Source – BSE.
Contract Information
According to the details, the subsidiary company has executed an agreement with the bank for a software license, implementation of software, and product software support.
The new contract involves the deployment of three key solutions –
- Corporate Finance Origination Solution (Islamic),
- Retail Finance Origination Solution (Islamic), and
- Customer Communication Management System.
The client is a leading Bank in Kuwait, but its name is withheld due to confidentiality reasons, a company spokesperson added.
Newgen Software Technologies Wins A Software Contract from Kuwait
Contract Value
The aggregate value of the aforesaid Order is USD 2.22 Million (US Dollars Two Million Two Hundred Twenty Thousand Only).
Converted Value in INR – i.e., Rs. 20.54 crore.
Duration
The contract is to be executed over a period of 2 years from the date of the Purchase Order, as per the given information.
Exchange Compliance
The Company has filed these details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Refer to Newgen Software Technologies news for further details.
The company’s market capitalization is ₹6,400 Cr.
The stock is currently trading below its 20-day and 200-day Simple Moving Average.
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