CWD Limited, a prominent player in the electronics and fintech sectors, has announced the receipt of a significant order for its “Sound Boxes” product line from one of India’s top three Non-Banking Financial Companies (NBFCs). The total value of the order is ₹24 crore (plus taxes), marking a key milestone in CWD Limited’s expansion within the fintech industry.
The order is expected to be completed within 12 months, and it represents a major opportunity for CWD Limited to contribute to financial inclusion efforts across underserved segments in India. The deployment of these sound boxes is already underway across the country, with the potential to reach over 50 million customers.
Siddhartha Xavier, CSO and Joint Managing Director of CWD Limited, expressed enthusiasm about the partnership, stating, “Partnering with one of the leading NBFCs of the country allows us to play a small part in fostering financial inclusion amongst an underserved segment.” He emphasized the company’s ongoing commitment to innovation and creating products that have a meaningful impact on everyday life.
This order follows a previous announcement of a ₹100 crore order for CWD Limited’s design, development, and manufacturing services related to their sound box product line.
