Newgen Software Technologies Names Tarun Nandwani CEO Amid Key Executive Appointments

Newgen Software Technologies Names Tarun Nandwani CEO Amid Key Executive Appointments​

Newgen Software Technologies Limited has announced significant changes in its senior management, following a Board meeting held on July 02, 2026. The Board approved the appointment of Mr. Tarun Nandwani as Chief Executive Officer (CEO), along with the designation of Mr. T. S. Varadarajan as Vice Chairman, and the appointment of Mr. Pramod Kumar as Chief Growth Officer (CGO).

The appointments follow the notification of Mr. Virender Jeet’s resignation from the position of CEO and Key Managerial Personnel (KMP), which was set to be effective from the close of business hours on August 31, 2026.

Appointment Details and Profiles​

In response to these changes, the Board approved the appointment of Mr. Tarun Nandwani as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP). Previously the Chief Operating Officer, Mr. Nandwani will serve in this capacity for a period of 18 months, effective from August 01, 2026, until January 31, 2028.

The company also approved the appointment of Mr. Pramod Kumar as Chief Growth Officer (CGO) and Key Managerial Personnel (KMP), effective from August 01, 2026.

Mr. T. S. Varadarajan, a Whole-time Director of the Company, was designated as Vice Chairman with immediate effect.

Key details regarding these appointments and designations are provided in the table below:

Professional Backgrounds​

Tarun Nandwani's Profile: With 33 years at Newgen, Mr. Nandwani has been pivotal in establishing the company as a globally recognized software product firm. His contributions include shaping the platform vision and strengthening customer relationships across various industries and geographies. As Chief Operating Officer, he helped drive significant expansion in revenue, profitability, customer acquisition, and market presence during strong growth periods for Newgen. He was instrumental in scaling strategic business lines such as Trade Finance, Lending, Liability Products, Payments, Insurance Policy Administration, and Loan Management Solutions.

Pramod Kumar's Profile: Mr. Pramod Kumar brings a combination of technology, product, strategy, marketing, and business leadership experience to his role as Chief Growth Officer. Over 27 years at Newgen, he held leadership positions across Product Management, R&D, Strategy, Marketing, Business Development, and Regional Operations. He is credited with driving market expansion for the company's APAC business, increasing regional revenues from approximately ₹73 crore to ₹237 crore over five years, which represents a CAGR of nearly 27%.

T. S. Varadarajan's Profile: Mr. T. S. Varadarajan co-founded Newgen in 1992 and holds 51 years of experience in Software design and Development. Prior to founding the company, he promoted Softek Private Limited. He holds a bachelor's degree in science from the Bangalore University and a Bachelor of Engineering (Electrical Technology) from the Indian Institute of Science, Bangalore, along with a master's degree in technology (Computer Science) from IIT-Madras.

NEWGEN Stock Price Movement​

Shares of Newgen Software Technologies Limited are trending higher in live trading, currently hitting ₹482.75 as of 2:18 PM after gaining 1.91%. The stock maintains strong intraday activity, with the price range extending between a low of ₹476.4 and a high of ₹490.5 amidst a volume of 963,955 shares traded so far.