Cupid Ltd, the manufacturer of quality male and female condoms, has received purchase orders for supplying male condoms worth Rs 67 million and female condoms worth Rs 34 million from United Nations Population Fund (UNFPA). Both these orders are to be executed in the ongoing fiscal 2017.
Cupid Ltd is India’s first (one among few in the world) to have been pre-qualified by WHO/UNFPA for worldwide public distribution of female condoms.
Om Garg, chairman and managing director, Cupid Ltd, said “This order will strengthen our ties with UNFPA and would also add momentum to our business in FY17. We would continue our emphasis on quality, execution and timely delivery. We believe we are on the right course to find business opportunities for Cupid in this growing contraceptive market.”
Headquartered in Nashik, Cupid Ltd has the capacity to produce upto 325 million pieces of male condoms and upto 20 million pieces of female condoms annually. The company exports to over 26 countries and derives around 80 percent of its revenues through exports.
