Newgen Wins ₹13.99 Cr Mercedes-Benz FS India Deal For Loan Management Platform

Main Deal Details

Newgen Software Technologies has informed BSE and NSE that it has received and accepted a purchase order from Mercedes-Benz Financial Services India Private Limited for implementation of its Loan Management System (LMS).
The aggregate value of the order is ₹13,99,71,944 (about ₹14 crore), with execution in India over a five‑year period from the date of supply of the license. The company has clarified that the transaction is purely commercial and does not qualify as a related-party transaction under the Companies Act, 2013.

Key Highlights

Entity awarding the contract: Mercedes-Benz Financial Services India Pvt Ltd

Nature of contract: Deployment of Newgen’s Loan Management System

Geography: Domestic order; implementation in India

Contract value: ₹13,99,71,944 (Rupees Thirteen Crores Ninety-Nine Lakhs Seventy-One Thousand Nine Hundred Forty-Four Only)

Contract tenure: Five years from the date of license supply

Promoter/group interest in counterparty: None (not a related-party transaction)

Event timestamp (exchange disclosure): 3 December 2025, 13:15 hrs

Sources: Newgen Software Technologies Ltd disclosure filed with BSE and NSE (Regulation 30, SEBI LODR)​