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Cupid Ltd. Company History and Annual Growth Details

CUPID RUBBERS LIMITED (hereinafter referred to as CRL) was incorporated as a Public Limited Company on 17/02/93 with the Registrar of Companies, Maharashtra and the certificate of commencement of Business was obtained on February 20, 1993. The Company has its Registered Office at Bombay and factory at Sinnar MIDC, District Nasik.

Since incorporation of the Company, the Promoters have been involved in getting the various approvals, signing the collaboration agreements etc. The Promoters carried out a survey of the rubber prophymactics market to search for the best available foreign technology. Collaboration agreements were signed by the Company with M/s. Greenmate Corporation
and M/s. Hero Corporation, both of South Korea on August 31, 1993. The Company applied to the Government for SIA registration, approval for foreign collaboration and investment by the collaborators, which was granted on 3rd December 1993. The Company then acquired the land from MIDC on leasehold basis, obtained the power sanction from MSEB, environment clearance, water sanction from MSEB. Further it applied to the Institutions/Banks for loans and working capital facilities which have also been sanctioned.

2005

-Cupid Condom receives new order worth Rs 43 million

2006

-Company has changed its name from Cupid Condom Ltd. to Cupid Ltd.

-Cupid Condom secures order worth Rs 71.418 mn from Ministry of Health & Family

-Cupid secures order worth Rs 11.24 mn from Ministry of Health & Family Welfare, GOI

-Cupid receives new order of Rs 37.692 mn from Ministry of Health & Family Welfare

-Cupid secures order from Ministry of Health & Family Welfare, Government of India worth Rs 28.090 million.

2007

- The Company has been awarded order for supply 85 Million pcs of condoms (Nirodh) from the Ministry of Health and Family Welfare, Government of India aggregating amounting to Rs 1067.94 lacs.

-The Company has been further awarded order for supply 58 Million pcs of condoms from the Ministry of Health and Family Welfare, Government of India aggregating amounting to Rs 739.40 lacs.

2008

-The company has designated E-mail ID for Investors Complaints: cupid530843@yahoo.co.in

2010

-Newly launched value added product "Female Condom" under brand its brand name "Cupid's female condom" ("CFC-1") has been well accepted in the International market and is successful in getting first confirmed export order from South Africa for supply of 5,00,000 pcs valuing to US$ 2,24,400 equivalent to INR Rs.105.44 lacs.

-The Company has received Export order for "Female Condom" from one of biggest NGO (Non Government Organisation) in the world for supply of 2,00,000 pcs valuing to US$ 63,000 equivalent to INR Rs. 28.50 lacs.

-The Company has been awarded order for Supply 61.24 Million pcs of condoms (Nirodh) from the Ministry of Health and Family Welfare, Government of India aggregating amounting to Rs. 963.38 Lacs.

2011

-The Company has been awarded order for supply 30 Million pcs of condoms (Nirodh) from the Ministry of Health and Family Welfare. Government of India aggregating amounting to Rs. 459.30 lacs.

-The Company has been further awarded order for supply 9.66 Million pcs of Deluxe Nirodh (condoms) from the Ministry of Health and Family Welfare, Government of India aggregating amounting to Rs. 148.87 lacs.

-The Company has received Export order for supply of "Female Condom" having aggregate value of US$ 315,000 (US dollors Three Hundred Fifteen Thousand Only) for 500000 Pcs.

-The Company has received repeat Export order from Indonesian customer for supply of "Female Condom" having aggregate value of US$ 75,000(US dollars Seventy Five Thousand Only).

2012

-Cupid Ltd has developed a unique shaped specialty male condom enhancing pleasure for both partners. This unique design condom provides supplementary stimulant and added comfort. Further, the Company has received approved worldwide patent on these specialty condoms (SMC-1).

-The Company’s production facilities has been approved by UNFPA / WHO. The Company’s name has been listed on the WHO/ UNFPA list of pre-qualified male condom manufacturers, which is also placed on their websites.

-The Company has received 3rd year in row a new order from Ministry of Health, government of India for supply of 45 million pcs valued worth Rs. 813.47 lacs.

2013

-The Company has successfully executed order received from UNFPA (United Nation Population Funds) since it received approval from UNFPA/WHO.

-The company recieved export Order for Supply of Female Condoms.

2014

-The company received additional orders worth Rs. 2.4 Cr. from the UN Population fund UNFPA Copenhagen, Denmark to supply Male Condoms to countries in Europe, Central Asia and Africa.

-The Company has signed a 10 year Male Condom Supply Agreement with M/s. Safeware & Co. based in Florida, USA .

-The company has received order for supply of WHO/UNFPA Prequalified Male condoms from UN Population fund Denmark for value approx Rs 5.87 crore.

2016
-Cupid Ltd. executes contract worth Rs 13.58 cr with PSI India.

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