Cupid Limited Secures 42 Crore Order from Tanzania’s Medical Stores Department

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.

Highlight

• What is Cupid Limited?
• Why is This Funding Significant?
• How Will the Funds Be Used?
• Founders’ Perspective
• Key Takeaways
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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 read more...