IT Company Receives Order of Rs 13,99,71,944 from Mercedes-Benz Financial Services India Ltd
DSIJ Intelligence-1 / 04 Dec 2025/ Categories: Multibaggers, Trending
The stock is up by 21 per cent from its 52-week low and has given multibagger returns of over 550 per cent in 5 years.
Newgen Software Technologies Ltd. has announced the receipt and acceptance of a significant Purchase Order from Mercedes-Benz Financial Services India Private Limited for a Loan Management System, a domestic contract to be executed in India. The aggregate value of this order stands at Rs 13,99,71,944 (Rupees Thirteen Crores Ninety-Nine Lakhs Seventy-One Thousand Nine Hundred Forty-Four Only). The key terms, disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specify the nature of the contract as a Loan Management System, with an execution period of five years from the date the license is supplied.
About the Company
Newgen Software Technologies is a global software Company engaged in software product development, including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to document management to imaging. The company has an Order Book of Rs 1,664 crore as of March 31, 2025.
Newgen Software, with a market capitalisation exceeding Rs 12,000 crore and a remarkable 3-year stock price CAGR of 60 per cent, has demonstrated consistent growth. The company's commitment to profitability is evident in its 33.4 per cent CAGR in profit growth over the past 5 years. Additionally, Newgen Software has maintained a healthy dividend payout of 21.4 per cent. The stock is up by 21 per cent from its 52-week low and has given multibagger returns of over 550 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.