Newgen Software Technologies Ltd

(NEWGEN)

Newgen Software Technologies Limited is a software products company providing Business Process Management, Enterprise Content Management, and Customer Communication Management platforms. With over 270 direct sales employees and 300 channel partners, the company works with some of the world's leading organizations, across sectors such as banking, government, BPOs, IT's, insurance, and healthcare. The company has developed platforms that enable customers to rapidly design, build, and implement enterprise-grade custom applications with minimal coding and also offers its products suites on-premise as well as on cloud in the form of subscription. In 2018, the company raised approx. Rs 424.63 cr. in an initial public offering with a subscription 8.17 times the Issue Price, and listed on both BSE and NSE at 3.27% above the Issue Price. The same year, the company released Mobile Medicare Enrolment for the US Health Plans, and received a work order for Document Management System and digitization of Court records in Maharashtra for a total size of Rs 63.93 crores. Recently, the company also received orders from American National Bank of Texas and Credit Union of Colorado for its Account Opening and Loan Origination solutions, and an agreement with Hewlett Packard Enterprise India for the supply of software licenses and related services.

Share Price: ₹1101.80 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹15,570.29Cr as of today
Revenue: ₹361.16Cr as on September 2024 (Q3 24)
Net Profit: ₹70.33Cr as on September 2024 (Q3 24)
Listing date: 29 Jan, 2018
Chairperson Name: Diwakar Nigam