MAM
Newgen Software elevates Virender Jeet to CEO
Newgen Software, a global provider of digital transformation platform, has elevated its senior VP- sales, marketing, & products, Virender Jeet to the position of chief executive officer (CEO). The company has also announced the promotion of senior VP- business management, Tarun Nandwani as chief operating officer (COO). The changes have been effective from 1 September.
“Jeet and Nandwani have been integral to the Newgen growth story and have left no stone unturned in bringing us to an enviable position in the industry,” said Newgen Software, chairman & MD, Diwakar Nigam. “With their experience and able leadership, we look forward to achieving newer heights.”
Jeet has been with Newgen since its inception in 1992. He has been closely associated with the complete lifecycle of product development, sales & marketing, patents, and various other strategic functions at Newgen, thereby significantly contributing to the business growth in the last 29+ years.
“With low code- and cloud-based digital transformation taking center stage, we, with our recently unveiled NewgenONE platform, are well-positioned to help enterprises across industries accelerate their digital initiatives and achieve their business goals,” said Jeet. “I look forward to working closely with our SI and consulting partners, and establishing Newgen as the world’s leading platform company.”
Nandwani has been with Newgen for over 27 years and has been successfully spearheading customer relationship management, commercial activities, new solution, and application development. He has been instrumental in driving business from the install base.
“Industry analysts have consistently recognised us for our technology and innovation. With digital becoming a priority for every enterprise, we are poised for even greater success,” said Nandwani.
Brands
Jubilant Foodworks to end Dunkin’ franchise in India
Pizza chain operator will not renew agreement when it expires at end of 2026.
MUMBAI: When the doughnuts stop turning and the coffee goes cold, even a global giant like Dunkin’ can find the Indian market a tough brew to crack. Jubilant Foodworks has decided not to renew its franchise agreement with Dunkin’ when the pact expires on 31 December 2026, according to a Reuters report. The operator, best known for running Domino’s outlets in India, said it would evaluate options for its existing Dunkin’ stores, including a potential sale or transfer of franchise rights, in consultation with the US-based brand.
The decision follows years of underperformance in a market where local tastes and intense competition have made it difficult for international coffee-and-doughnut formats to gain traction. Jubilant, which has increasingly focused on its core pizza business and newer bets like Popeyes, indicated that the exit would not materially affect its financial or operational position.
Dunkin’ accounted for just 0.61 per cent of Jubilant’s revenue in the fiscal year ending 2025 and recorded a loss of approximately Rs 191 million, according to a regulatory filing. The company operated 27 outlets as of December 2025, having shuttered seven stores over the preceding year.
The retreat comes even as Jubilant’s broader business shows signs of momentum. The company reported a 65 per cent rise in quarterly profit for the October to December period, reaching Rs 70.9 crore, up from Rs 42.91 crore a year earlier.
For Jubilant, the exit reflects a sharpening strategic focus. For Dunkin’, it marks another setback in a market that has proven resistant to imported café concepts without significant localisation.
In the cut-throat world of Indian quick-service restaurants, sometimes the sweetest deals are the ones you quietly walk away from leaving more room for the brands that truly rise to the occasion.
