Newgen Software Secures Rs. 14 Crore Order from Mercedes-Benz Financial
Filing Summary
Newgen Software Technologies Ltd has received a purchase order valued at approximately Rs. 14 crore from Mercedes-Benz Financial Services India Private Limited. The order pertains to a Loan Management System and is classified as a domestic transaction. The contract is set to be executed over a period of five years from the date of license supply. There is no involvement of related parties as per the Companies Act, 2013. The disclosure complies with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015.
Newgen Software Technologies Ltd has announced the receipt of a purchase order from Mercedes-Benz Financial Services India Private Limited. The order, valued at Rs. 13,99,71,944, involves the provision of a Loan Management System. This transaction was disclosed on 3rd December 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The order is classified as a domestic transaction, with the counterparty entity located in India. The contract specifies a time frame of five years for execution, commencing from the date of license supply. The agreement does not constitute a related party transaction under the Companies Act, 2013, as confirmed by Newgen Software.
Details required by BSE and NSE circulars dated 14th July 2023 have been duly provided. The occurrence of the event was recorded at 13:15 PM on the date of disclosure.
Mercedes-Benz Financial Services India Private Limited is a subsidiary of the global automotive company, focusing on providing financial solutions to customers and dealers. The company offers a range of services, including financing, leasing, and insurance products, tailored to meet the needs of its clientele.
Newgen Software Technologies Ltd specializes in providing software solutions for business process management, enterprise content management, and customer communication management. The company focuses on enhancing operational efficiency and customer engagement through its innovative technology offerings.