EXFAQ Systems Private Limited, a leading electronics security company based in Mumbai, has successfully raised 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 is also a pioneer in the Brand Licensing and Contract Manufacturing business model.
Strengthening Presence in the Real Estate Sector
Headquartered in Mumbai, EXFAQ Systems has established itself as a prominent player in the electronics security industry, forging long-standing associations with esteemed real estate developers such as Runwal, Lodha, Rustomjee, Dosti, Prestige, and others. The company has secured numerous iconic properties and introduced Baybot, its direct-to-consumer label specializing in security gadgets tailored for home and small office users. With a trajectory of rapid revenue expansion and resilient profitability, EXFAQ Systems has positioned itself as a leader in the sector.
Empowering Growth and Expansion
The funding from the Promoters of Creative Newtech will enable EXFAQ Systems to strengthen its dominant presence in the Real Estate Sector through the acquisition of new contracts. Additionally, with a surge in demand within the Real Estate Sector, this investment will facilitate EXFAQ in expanding its reach into sectors such as Government and Corporates, both experiencing substantial investments in security infrastructure projects.
Optimistic Outlook from Industry Leaders
Commenting on the transaction, Rachit Mundra, Founder, EXFAQ said, “We extend a warm welcome to Ketan Patel and others who are joining as our new investors in the company. This investment highlights our belief in the strength of our business model and the potential for future growth. As EXFAQ moves into the next stage of expansion and innovation, we anticipate leveraging Creative Newtech’s expertise, experience, and resources to facilitate our growth, particularly within the D2C segment.”
Ketan Patel, Chairman & Managing Director at Creative Newtech Ltd, said, “We are drawn to EXFAQ’s promising growth trajectory and have full confidence in its ability to leverage its established foothold in the industry. Given the favourable landscape of the Real Estate and E-commerce sectors in India, we anticipate significant advantages for EXFAQ. We are thrilled to join forces with EXFAQ on this journey and eagerly await the opportunity to provide support throughout the upcoming phase of their development.”
The strategic investment from Creative Newtech Promoters underscores EXFAQ Systems’ commitment to continued innovation and expansion within the electronics security industry. With the backing of experienced industry leaders, EXFAQ Systems is poised to capitalize on emerging opportunities and further solidify its position as a market leader.
Also read – Headphone Zone and ddHiFi Introduce Hi-Res DAC for Indian Audiophiles
Join our WhatsApp News Channel for quick updates – FYI9 News WhatsApp Channel
