Newgen Software Secures $5.48 Million US Deal; Shares Fall 1.37%

Mumbai, September 29: Newgen Software Technologies has secured a three-year contract worth $5.48 million from a US-based health insurance company, with its US subsidiary set to supply and implement the NewgenONE Complaints, Appeals and Grievances solution on its hosted cloud.

Newgen Software Signs Three-Year US Health Insurance Deal

Newgen Software Inc., the company’s material subsidiary in the US, entered into the agreement on September 28, 2026. The customer has not been named in the exchange filing because of confidentiality obligations.

The contract is valued at $5,475,020, which works out to around ₹52.55 crore at the contractual exchange rate of ₹95.98 per US dollar.

The agreement covers the supply, installation and implementation of the NewgenONE Complaints, Appeals and Grievances (CAG) solution. The scope also includes licensing, annual maintenance, cloud hosting and support services.

Stock Market Snapshot

The Newgen Software share price stood at ₹467.90 as of 9:40:48 AM IST on September 29, 2026, down ₹6.50 or 1.37% from the previous close.

The stock opened around ₹480 and moved lower during the morning session. It slipped below ₹475 before trading around ₹468 at the latest reported time.

The movement in the stock came after the company disclosed the new US contract.

NewgenONE CAG Solution To Be Hosted On Cloud

The agreement will see Newgen provide its CAG solution to the US health insurance company through a cloud-hosted deployment.

The platform is designed to support the handling of complaints, appeals and grievances, with Newgen providing the implementation and ongoing services required under the contract.

The company classified the agreement as an international order. It also confirmed that the transaction does not fall under the definition of a related-party transaction under the Companies Act, 2013.

Newgen Expands Enterprise Software Presence In The US

The latest contract adds another US customer to Newgen Software’s international business and gives the company a three-year stream of licensing, cloud and support-related work.

Newgen Software provides enterprise software solutions covering workflow automation, customer service processes and other business operations. Its NewgenONE platform brings these capabilities together for organisations across different industries.

For the latest customer, the focus is specifically on complaints, appeals and grievance management within the health insurance business.

Conclusion

Newgen Software has secured a $5.48 million contract from a US-based health insurance company through its material subsidiary, Newgen Software Inc. The three-year agreement covers the NewgenONE CAG solution, along with implementation, licensing, cloud hosting, maintenance and support.

The contract is worth approximately ₹52.55 crore at the exchange rate specified in the filing and strengthens Newgen’s ongoing business in the US market.

The Newgen Software share price stood at ₹467.90 as of 9:40:48 AM IST on September 29, 2026, down ₹6.50 or 1.37% from the previous close.

Source:

• https://www.nseindia.com/get-quote/equity/NEWGEN/Newgen-Software-Technologies-Limited
• https://nsearchives.nseindia.com/corporate/NEWGEN2_28092026225702_Stock_Exchange_Material_disclosure-NSI.pdf