With this new order from the Tanzanian government, Cupid Limited reinforces its leadership in the global sexual wellness industry and its commitment to supporting international health initiatives through high-quality products and reliable service.
MUMBAI (India CSR): Cupid Limited, a leading Indian manufacturer renowned for its range of male and female condoms, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly, and other FMCG products, has secured a significant purchase order from the Medical Stores Department of the Government of Tanzania.
The order, valued at Rs. 14.91 crore, pertains to the supply of male condoms and is part of an international framework agreement. The order is scheduled for execution between February and April 2025.
A Testament to Quality and Global Trust
Aditya Halwasiya, Managing Director of Cupid Limited, expressed enthusiasm about the milestone achievement. He stated, ““We are happy to receive this order and look forward to more value-accretive business with the Medical Stores Department, Government of Tanzania in the future. It is a testament to our consistent quality, reliability and commitment to supporting global health initiatives.””
Company Overview
Established in 1993, Cupid Limited has emerged as a pioneering manufacturer of high-quality sexual wellness and healthcare products. The company operates with an impressive annual production capacity:
- 480 million male condoms
- 52 million female condoms
- 210 million sachets of water-based lubricant jelly
- 30 million IVD test kits
Recent Expansion
In March 2024, the company undertook a strategic expansion initiative with the acquisition of land in Palava, Maharashtra. This move aims to bolster its production capacity by 1.5 times the current output. With this upgrade, Cupid Limited is set to enhance its yearly production to approximately:
- 770 million male condoms
- 75 million female condoms
Global Recognition and Export Presence
Cupid Limited holds a unique position in the global market as the first company worldwide to receive WHO/UNFPA pre-qualification for both male and female condoms. The company’s products are exported to over 105 countries, contributing to more than 90% of its revenue through international markets.
In addition to individual market deals, Cupid Limited has also established a long-term supply agreement with WHO/UNFPA, reflecting its commitment to global public health initiatives.
Commitment to Innovation
In recent years, Cupid Limited has diversified its product portfolio with the launch of:
- Cupid Deodorants
- Pocket Perfumes
- Toilet Sanitizers
These new offerings demonstrate the company’s dedication to meeting evolving consumer needs in the FMCG sector.
Stock Market Presence
Cupid Limited is a publicly-traded company listed on:
- BSE (BSE: 530843)
- NSE (NSE: CUPID)
The company’s robust performance and continuous expansion reflect its growing influence in both domestic and international markets.
(India CSR)
