CWD Limited Secures Rs 76 Crore Order for UPI Sound Boxes, Reinforcing Market Leadership

1 min read     Updated on 18 Aug 2025, 05:01 PM
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Reviewed by
Riya DeyBy ScanX News Team
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Overview

CWD Limited, an IoT solutions provider, has received a Rs 76 crore purchase order for UPI sound boxes from a domestic financial service company. The order is to be executed in fiscal year 2025-26. CWD Limited has deployed over 14 million sound boxes across India and reported an 87.80% revenue increase in FY2025, with total revenues of Rs 33.82 crores. The company's current order book stands at Rs 200 crores. CWD's sound boxes offer multi-language audio confirmation, various connectivity options, and IP65-rated durability.

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*this image is generated using AI for illustrative purposes only.

CWD Limited , a leading information and communication technology company specializing in IoT solutions and connected devices, has announced a significant milestone in its growth trajectory. The Mumbai-headquartered firm has secured a purchase order worth Rs 76.00 crores for supplying UPI sound boxes to a domestic financial service company.

Order Details and Execution

The order, slated for execution during the fiscal year 2025-26, involves the supply of fintech products, specifically UPI sound boxes. This substantial contract not only bolsters CWD Limited's order book but also reinforces its position as a key player in India's digital payment infrastructure.

Market Position and Growth

CWD Limited has established itself as a frontrunner in the sound box manufacturing ecosystem, with an impressive deployment of over 14 million Sound Boxes across India. The company's expertise in design, development, and manufacturing has made it a preferred partner for leading fintech companies and financial institutions.

Siddhartha Xavier, Joint Managing Director of CWD Limited, commented on the significance of this order, stating, "This order demonstrates customer confidence in CWD's design, development, and manufacturing capabilities and reinforces our position as India's leading provider of UPI payment confirmation solutions."

Financial Performance

The company has shown remarkable financial growth, reporting an 87.80% revenue increase in FY2025, with total revenues reaching Rs 33.82 crores. With this new order, CWD Limited's current order book stands at an impressive Rs 200.00 crores, providing strong revenue visibility for the upcoming fiscal years.

Product Features

CWD Limited's Sound Box solutions offer:

  • Instant audio payment confirmation in multiple Indian languages
  • Multi-connectivity options including 2G, 4G, and Wi-Fi variants
  • IP65-rated durability for diverse operating environments
  • Seamless integration with major UPI platforms
  • "Made in India" manufacturing from the company's Mysore facility

Market Opportunity

The digital payments market in India continues to experience unprecedented growth. Industry projections suggest that UPI daily transactions could reach 1 billion by FY 2027-28, creating substantial opportunities for sound box manufacturers like CWD Limited.

About CWD Limited

Founded in 2016, CWD Limited operates across Consumer Electronics and Technology Solutions segments, serving various industries including agriculture, healthcare, manufacturing, logistics, and fintech. The company's focus on innovation and quality has positioned it as a significant contributor to India's digital payment infrastructure development.

As CWD Limited continues to capitalize on the expanding digital payment market, this latest order underscores the company's strong market position and potential for future growth in the dynamic fintech landscape of India.

Historical Stock Returns for CWD

1 Day5 Days1 Month6 Months1 Year5 Years
+4.27%+15.76%+6.28%+65.96%+51.27%+789.09%

CWD Limited Secures INR 53.10 Crore Order from CyanConnode for Cellular NIC Cards

1 min read     Updated on 21 Jul 2025, 04:36 PM
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Reviewed by
Riya DeyBy ScanX News Team
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Overview

CWD Limited has received a purchase order worth INR 53.10 crores from CyanConnode Private Limited for supplying cellular NIC cards for smart meters. The order is to be executed immediately and builds upon their previous collaboration in the Goa AMI services project. This domestic order is expected to boost CWD Limited's revenue pipeline and showcases its capabilities in high-volume manufacturing for IoT and smart infrastructure markets.

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*this image is generated using AI for illustrative purposes only.

CWD Limited , a global leader in IoT design and manufacturing, has announced a significant new order that is set to boost its revenue pipeline. The company has secured a purchase order worth INR 53.10 crores from CyanConnode Private Limited for the supply of cellular NIC (Network Interface Card) cards for smart meters.

Order Details

The order, which is to be executed immediately, strengthens the strategic partnership between CWD Limited and CyanConnode. This collaboration builds upon their previous joint efforts in the Advanced Metering Infrastructure (AMI) services project in Goa.

Strategic Implications

This domestic order is expected to significantly enhance CWD Limited's revenue pipeline. It also demonstrates the company's expanding capabilities in high-volume manufacturing for the rapidly growing IoT and smart infrastructure markets.

Order Specifics

Aspect Details
Order Value INR 53.10 crores (including taxes)
Nature of Order Supply of cellular NIC cards for smart meters
Awarding Entity CyanConnode Private Limited
Order Type Domestic
Execution Timeline Immediate

Market Impact

The announcement of this order could potentially impact CWD Limited's stock performance. Investors and market analysts may view this development as a positive indicator of the company's growth trajectory in the IoT and smart infrastructure sectors.

About CWD Limited

CWD Limited positions itself as a global leader in IoT design and manufacturing. The company has been actively participating in projects related to Advanced Metering Infrastructure, showcasing its expertise in smart technology solutions.

This order further solidifies CWD Limited's position in the smart metering market and highlights the company's growing partnership with CyanConnode Private Limited.

Historical Stock Returns for CWD

1 Day5 Days1 Month6 Months1 Year5 Years
+4.27%+15.76%+6.28%+65.96%+51.27%+789.09%
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