Cupid Limited has received a big order from the Medical Stores Department, Government of Tanzania. The order is worth Rs 42 crore and is for male condoms. The company will complete this order between May and July 2025. Aditya Kumar Halwasiya, the chairman and MD of Cupid, said this is great news and shows the strong business ties built in the past 15 months.
Cupid makes and sells condoms, lubricants, and other products. The company’s profit grew by 25.05% in Q3 FY25. However, its share price dropped by 1.05% to Rs 67.85 on the BSE.
What is Cupid Limited?
Cupid Limited is an Indian company that manufactures and sells male and female condoms, personal lubricants, and other related products. The company specializes in rubber contraceptives and allied prophylactic products. It operates in both the business-to-consumer (B2C) and business-to-business (B2B) segments, supplying its products in India and international markets.
Cupid Limited is known for securing government contracts and international orders for condom supply, including deals with organizations like the Medical Stores Department of Tanzania. The company has seen growth in its revenue and profits, reflecting its strong presence in the sexual wellness and healthcare industry.
Why is This Funding Significant?
The Rs 42 crore purchase order from the Medical Stores Department, Government of Tanzania, is a major milestone for Cupid Limited. This order strengthens the company’s presence in global markets, especially in Africa, where there is a high demand for contraceptives. It also contributes to Cupid’s revenue growth, helping sustain its profitability and expansion.
The deal highlights the company’s ability to build strong business relationships, as it reflects the trust developed over the last 15 months. Additionally, securing such contracts boosts market confidence by demonstrating stable demand and growth potential.
Beyond financial gains, this order supports public health initiatives by promoting safe sex practices and disease prevention in Tanzania. Overall, this funding not only enhances Cupid’s financial standing but also reinforces its position as a key player in the contraceptive industry.
How Will the Funds Be Used?
The funds from the Rs 42 crore purchase order will primarily be used for manufacturing, supply chain management, and business growth. A significant portion will go into producing high-quality male condoms to fulfill the order for the Medical Stores Department of Tanzania. Cupid Limited will also invest in raw materials, packaging, and logistics to ensure timely delivery between May and July 2025.
Additionally, the company may use some funds to strengthen its operations, expand production capacity, and support research & development for innovative contraceptive products. This deal also aligns with Cupid’s broader strategy to grow its B2B and B2C businesses both in India and global markets.
Founders’ Perspective
Cupid Limited was founded in 1993 by Om Prakash Garg, who played a key role in establishing the company as a leading manufacturer of contraceptive products. In recent years, Aditya Kumar Halwasiya has taken over as the Chairman and Managing Director, bringing a fresh vision to the company’s expansion plans.
With a strong foundation laid by its founder and a dynamic leadership team driving growth, Cupid Limited continues to strengthen its position in both Indian and global markets, focusing on expanding its B2B and B2C business segments.
Key Takeaways
- Major International Order – Cupid secured a Rs 42 crore order from the Medical Stores Department, Government of Tanzania, strengthening its global presence.
- Boost to Revenue & Growth – This deal contributes significantly to Cupid’s financial performance, supporting its profitability and expansion plans.
- Strong Business Relationships – The order reflects trust and partnerships built over the last 15 months, showcasing Cupid’s ability to secure repeat international contracts.
- Strategic Vision & Leadership – Under Aditya Kumar Halwasiya’s leadership, Cupid is focusing on sustainable growth across both B2B and B2C segments.
- Public Health Impact – The supply of condoms supports global health initiatives, promoting safe sex and disease prevention in Tanzania.
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Conclusion
Cupid Limited’s latest Rs 42 crore order from Tanzania marks a significant step in its global expansion and revenue growth. With a strong foundation in the contraceptive and personal care industry, the company continues to strengthen its B2B and B2C presence both in India and international markets.
Under the leadership of Aditya Kumar Halwasiya, Cupid aims to scale operations, enhance product innovation, and build long-term business relationships. As the company focuses on sustainable growth and profitability, it is well-positioned to secure more international contracts and expand its role in global public health initiatives in the coming years.
Expanding Horizons, Ensuring Protection – Cupid Leads the Way!
