Shardul Amarchand Mangaldas advises Newgen Software Technologies Limited to acquire 100% equity shareholding and control in Number Theory Software Private Limited

March 2, 2022

Shardul Amarchand Mangaldas & Co. advised Newgen Software Technologies Limited in its acquisition of 100% equity shareholding and control of Number Theory Software Private Limited. Number Theory is an AI/ML company that has developed a powerful and intuitive AI/ML data science platform for business analysts, data engineers, citizen data, and expert data scientists. This cloud-native modern platform offers an AI/ML modeling studio for enterprises looking to accelerate or scale their AI/ML deployments rapidly. With this acquisition, Newgen will be able to further enhance its low code digital transformation platform with intuitive AI/ML capabilities unifying the entire data lifecycle, from data preparation to model deployment and monitoring.

The transaction team was led by Abhishek Dubey, Partner; Rial Verma, Senior Associate; Pallov Upadhyay, Associate. The SEBI related matters team was led by Yogesh Chande, Partner; Kanwardeep Kapany, Principal Associate.

KNM & Partners advised Number Theory Software Private Limited and its founders Mr. Tarun Gulyani and Mr. Rajan Nagina.