According to the company, the order marks a significant milestone and reinforces CWD’s dominant position in India’s rapidly growing digital payment infrastructure market.
CWD's UPI Sound Box solutions offer a range of advanced features, including instant audio payment confirmations in multiple Indian languages, multi-connectivity options such as 2G, 4G, and Wi-Fi, and IP65-rated durability, making them suitable for a wide variety of operational environments. The devices are designed for seamless integration with major UPI platforms and are manufactured at the company's Mysore facility under the “Made in India” initiative.
Commenting on the development, Siddhartha Xavier, Joint Managing Director of CWD, said, “This ₹76 crore order is a testament to our customers' unwavering confidence in CWD's design, development, and manufacturing capabilities. It validates our strategic focus on the sound box segment and reinforces our position as India’s leading provider of end-to-end UPI payment confirmation solutions.”
CWDis a leading information and communication technology company that designs, develops, manufactures, and sells integrated IoT solutions combining software and electronics. The company operates across Consumer Electronics and Technology Solutions segments, serving agriculture, healthcare, manufacturing, logistics, and fintech industries. CWD has established itself as India's premier sound box manufacturer, contributing significantly to the country's digital payment infrastructure development.
On a full-year basis, the company’s consolidated net profit surged 122.12% to Rs 2.51 crore in FY25, compared to Rs 1.13 crore posted in FY24. Revenue from operations increased 56.81% year-on-year (YoY) to Rs 32.90 crore in the year ended FY25.