EXFAQ Systems Private Limited is thrilled to announce the successful raising of approximately INR 24 million from the Promoters of Creative Newtech Ltd. (Listed NSE: CREATIVE), renowned leaders in the Fast-Moving Consumer Technology (FMCT) and Fast-Moving Electrical Goods (FMEG) industries. Creative Newtech also stands as a pioneer in the Brand Licensing and Contract Manufacturing business model.
EXFAQ, headquartered in Mumbai, is a prominent electronics security company. It has forged long associations with esteemed real estate developers such as Runwal, Lodha, Rustomjee, Dosti, Prestige and others, securing numerous iconic properties. Notably, EXFAQ has introduced Baybot in India, its direct-to-consumer label specializing in security gadgets tailored for home and small office users. The company maintains a trajectory of rapid revenue expansion while demonstrating a resilient profitability profile.
The funding from the Promoters of Creative Newtech will empower the company to strengthen its dominant presence in the Real Estate Sector through the acquisition of new contracts. With a surge in demand within the Real Estate Sector, this investment will also facilitate EXFAQ in expanding its reach into sectors such as Government and Corporates, both experiencing substantial investments in security infrastructure projects.