We hereby inform you that Newgen Software Inc. (NSI), incorporated in the USA, a material Subsidiary of Newgen Software Technologies Limited ( the Company ) has entered into a Master Service Agreement with a leading healthcare company in the U.S. The aggregate value of the aforesaid Agreement is US Dollars 2,593,125 (Two Million five hundred and ninety three thousand one hundred and twenty-five US Dollars).
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Newgen Software Technologies' US subsidiary, Newgen Software Inc. (NSI), has signed a Master Service Agreement with a leading US healthcare company. The total contract value is USD 2,593,125 (approximately ₹21.7 crore at current exchange rates). The contract was disclosed as material given the subsidiary's size relative to the parent company. No further details on deal duration or the counterparty's name were shared in the filing.
This is a positive development as it adds a new high-value client in the US healthcare segment through hard-currency (USD) revenue, though the order size appears modest relative to the company's overall revenue base.