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🎯 Newgen Software Wins Two International Contracts Worth Over ₹42.88 Crore
📅 June 30, 2026
Newgen Software has secured two significant international contracts across the banking and insurance sectors, further strengthening its presence in the APAC and MENA regions. The combined value of the two deals exceeds ₹42.88 crore and includes long term implementation and support services.
🌍 Key Highlights
🔹 Philippines Banking Contract
• Secured an order for a Retail Loan Origination Solution.
• Awarded by an overseas entity based in the Philippines.
• Contract execution period is 5 years.
• Contract value stands at US$1.71 million, approximately ₹16.18 crore.
🛡️ Kuwait Insurance Contract
• Newgen’s UAE subsidiary received an order for the replacement of a Core Insurance System.
• Customer is based in the State of Kuwait.
• Scope includes software licenses, implementation services, and five years of support.
• Contract value is KWD 875,000, approximately ₹26.70 crore.
📈 Combined Impact
• Total value of the two international contracts exceeds ₹42.88 crore.
• The wins strengthen Newgen Software’s growing footprint across the APAC and MENA regions.
• The contracts reinforce the company’s expertise in digital transformation solutions for banking and insurance enterprises.
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