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

*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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.27% | +15.76% | +6.28% | +65.96% | +51.27% | +789.09% |