About Newgen
Newgen is a company based in Delhi (India) founded in 1992 by Diwakar Nigam and T S Varadarajan. It operates as a SaaS (Software-as-a-Service), PaaS (Platform-as-a-Service), and AI-as-a-Service. Newgen has raised $17.7 million across 3 funding rounds from investors including SAP, Ascent Capital and Chiratae Ventures. The company has 4,460 employees as of March 31, 2024. Newgen has completed 1 acquisition, including Number Theory. Newgen offers products and services including NewgenONE Platform, NewgenONE AI Platform, Intelligent Process Automation, Content Services Platform, and Low Code Application Development. Newgen operates in a competitive market with competitors including Box, Appian, Airtable, Acquia and Automattic, among others.
- Headquarter Delhi, India
- Employees 4460 as on 31 Mar, 2024
- Founders Diwakar Nigam, T S Varadarajan
- Stage Public
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Newgen Software Technologies Limited
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Annual Revenue
$173.71 M (USD)19.54as on Mar 31, 2024
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Net Profit
$36.8 M (USD)25.29as on Mar 31, 2024
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EBITDA
$44.63 M (USD)30.45as on Mar 31, 2024
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Total Equity Funding
$17.7 M (USD)
in 3 rounds
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Latest Funding Round
$7.99 M (USD), Series B
Dec 04, 2013
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Investors
SAP
& 3 more
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Employee Count
4460
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of Newgen
Newgen is a publicly listed company on the NSE with ticker symbol NEWGEN in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Newgen
Newgen offers a comprehensive portfolio of products and services, including NewgenONE Platform, NewgenONE AI Platform, Intelligent Process Automation, Content Services Platform, and Low Code Application Development. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Unified platform for automation and content management solutions.
AI-driven platform for enhancing business process automation.
Automation tools for optimizing business process workflows efficiently.
Platform for managing and integrating enterprise content securely.
Tools for rapid application development with minimal coding.
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Software Development Team
73 people
Leadership Team
27 people
Sales and Marketing
25 people
Application Team
12 people
Human Resources and Administration
10 people
Senior Team
8 people
General Team
7 people
Creative and Marketing Team
6 people
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Funding Insights of Newgen
Newgen has successfully raised a total of $17.7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7.99 million completed in December 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $8.0M
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First Round
First Round
(01 Jan 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2013 | Amount | Series B - Newgen | Valuation | Ascent Capital | |
| Sep, 2008 | Amount | Series A - Newgen | Valuation |
investors |
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| Jan, 2008 | Amount | Series A - Newgen | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newgen
Newgen has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include SAP, Ascent Capital and Chiratae Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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AscentCapital is engaged in potato farming, grain marketing, and equipment services in Maine.
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Founded Year | Domain | Location | |
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Venture capital fund focused on seed-stage startups
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Founded Year | Domain | Location | |
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Cloud and AI-based ERP software is offered for enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Newgen
Newgen has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Number Theory. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of an AI enabled business intelligence platform
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Newgen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newgen Comparisons
Competitors of Newgen
Newgen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, Appian, Airtable, Acquia and Automattic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
Cloud-based low-code platform enables application development and automation.
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| domain | founded_year | HQ Location |
Cloud and AI based low code workflow and app development platform
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| domain | founded_year | HQ Location |
AI powered digital experience and customer data management platform
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| domain | founded_year | HQ Location |
Automattic is engaged in developing web and messaging solutions.
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| domain | founded_year | HQ Location |
Offers cloud-based video solutions tailored for the media and entertainment industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newgen
Frequently Asked Questions about Newgen
When was Newgen founded?
Newgen was founded in 1992 and raised its 1st funding round 16 years after it was founded.
Where is Newgen located?
Newgen is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Newgen?
Virender Jeet is the current CEO of Newgen.
Is Newgen a funded company?
Newgen is a funded company, having raised a total of $17.7M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.5M, raised on Jan 01, 2008.
How many employees does Newgen have?
As of Mar 31, 2024, the latest employee count at Newgen is 4,460.
What is the annual revenue of Newgen?
Annual revenue of Newgen is $173.71M as on Mar 31, 2024.
What does Newgen do?
Newgen is established as a leading provider of AI-first unified digital transformation platforms, focusing on native process automation, content services, and customer engagement solutions. The company serves various industries including financial services, insurance, government, healthcare, and energy sectors. Its flagship product, NewgenONE, is designed to develop and deploy complex, content-driven business applications on the cloud. Solutions are tailored for use cases such as onboarding, lending, underwriting, and customer communication management. Operations are supported across multiple global locations to ensure seamless service delivery.
What products or services does Newgen offer?
Newgen offers NewgenONE Platform, NewgenONE AI Platform, Intelligent Process Automation, Content Services Platform, and Low Code Application Development.
Is Newgen publicly traded?
Yes, Newgen is publicly traded on NSE under the ticker symbol NEWGEN.
How many acquisitions has Newgen made?
Newgen has made 1 acquisition, including Number Theory.
Who are Newgen's investors?
Newgen has 4 investors. Key investors include SAP, Ascent Capital, Chiratae Ventures, and HSBC Private Bank.
What is Newgen's ticker symbol?
The ticker symbol of Newgen is NEWGEN on NSE.
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