Cupid Limited Receives UNFPA Prequalification for South Africa Tender, Aims for 100% Supply
Team Finance Saathi
24/Jan/2025
What's covered under the Article:
- Cupid Limited receives UNFPA prequalification to supply 100% of South Africa’s upcoming tender for female condoms.
- Cupid aims to maximize orders for both male and female condoms in the dynamic RT75-2025 South African Government Tender.
- The company is expanding its capacity, enhancing production capabilities in the coming years.
Cupid Limited, India's leading manufacturer of male and female condoms, water-based lubricants, and IVD kits, has announced that it has received UNFPA prequalification for its Brown Caramel Female Condom variant. This prequalification makes Cupid Limited eligible to supply 100% of the upcoming South African Government Tender for female condoms, marking a significant achievement for the company.
This new prequalification places Cupid in a stronger position compared to previous years, where it was only eligible to supply 75% of the contract for female condoms. The RT75-2025 South African Government Tender, for a duration of 5 years, is estimated to require 40 million units of female condoms annually, with bids closing on January 31, 2025.
Aditya Halwasiya, Managing Director of Cupid Limited, expressed his enthusiasm: "This is a great shot in the arm for us, and we have capable partners in South Africa to maximize orders for Cupid in the upcoming tender." He further added that Cupid Limited aims to meet the tender's dynamic demand, which will also include the supply of 1 billion male condoms annually.
About Cupid Limited:
Established in 1993, Cupid Limited is India's premier manufacturer of male and female condoms, water-based lubricants, IVD kits, and other FMCG products. The company has a strong annual production capacity of up to 480 million male condoms, 52 million female condoms, and 210 million sachets of lubricant jelly.
Cupid Limited also recently completed a strategic land acquisition in Palava, Maharashtra, which will boost its production capacity by 1.5 times. This expansion will increase the company's production of male and female condoms, with an additional 770 million male condoms and 75 million female condoms annually.
The company is globally recognized, being the first in the world to attain WHO/UNFPA prequalification for both male and female condoms. Cupid exports its products to over 110 countries, with a substantial portion of its revenue coming from international markets.
Cupid is also in a long-term partnership with WHO/UNFPA, reinforcing its global leadership in condom manufacturing.
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