Newgen's Success Story Completes Three Decades

Newgen Software, a global provider of digital transformation platform, has successfully completed 30 years of digitalizing enterprises with its native process automation, content services, and communication management capabilities. With its cutting-edge products, Newgen has emerged as the preferred technology partner for digital transformation initiatives globally. Newgen today enables customers across 72 countries from multiple industries, including banking, insurance, government, shared services, healthcare, and energy & utilities. It has filed for 44 patents, out of which 23 have been granted in India and the US. Annually, Newgen invests 9-10% of its revenue on research and development and for building deep-domain expertise. With 3,000+ strong workforce, Newgen enables enterprises globally by unlocking simplicity for all levels of business complexities.

The Man Who Saw Tomorrow, '30 Year Ago': The Visionary Mr Diwakar Nigam on Newgen's Milestones

Mr Diwakar Nigam

Talking about the completion of 30 years, Diwakar Nigam - Founder and CMD, Newgen Software, said, "From the very outset, we had a goal of being a leading global software product company. Our vision of ‘One World, One Workplace,’ drove our product investments towards digitizing physical documents, automating process flows, and enabling secure, remote access to information. This journey would not have been possible without our customers who trusted us, industry analysts who recognized our products, and partners who invested in us. Also, I would like to thank our employees who supported us at every step of the way and went above and beyond to serve our customers.”

In an exclusive conversation with SMEStreet's chief editor, Mr Faiz Askari, Mr Diwakar Nigam explained some of the key milestones of Newgen and have also talked about the contemporary trends that are influencing the IT industry. Referring to his company's core vision towards becoming a product-oriented organization in 1993, Mr. Nigam mentioned, "We envisioned technology as a real game-changer through our approach of 'One World, One Workplace' vision. In those days, we executed some of the finest examples of work delivery from the farthest of remote places. Our clients in those days have shown trust in our offerings and solutions which gave them immense power and edge on the market. We have successfully worked in some leading global banks in India at a time when computerisation was merely a concept and all the digital banking and digital payments of today were not even thought off. The journey continued and the evolution of IT in almost every area happened and it all happened in front of us. We are delighted and proud to be part of the entire journey and this gives us a very strong strength to continue of contemporary visionary thinking."

For more about this insightful, knowledgeable and motivating interaction stay tuned to SMEStreet Podcast.

"With enterprises across industries rapidly embracing technology, digital transformation is no longer just a buzzword. As per Gartner, the low code application market is estimated to reach US$29 billion by 2025, of which about US$14.3 billion for low code application platforms, US$4 billion for multi-experience development platforms, and US$3.7 billion is for intelligent business process management suites. We, with our low code digital transformation platform and cutting-edge technologies, are set to capitalize this massive opportunity. Also, with our recent acquisition of Number Theory, we have further strengthened our platform and are well-positioned to deliver cloud-native AI/ML capabilities to every enterprise,” said Virender Jeet, CEO, Newgen Software.

In addition, Newgen also refreshed its brand identity after three decades by unveiling a new logo that epitomizes agility, connect, and transformation. "As an organization that believes in innovation, agility, and progress, we decided to give our logo a makeover to keep up with the modern times. Our new brand identity reiterates our position as a trusted digital transformation platform provider and depicts customer-centricity, friendliness, and dynamism," Jeet added