Creative Newtech Limited has informed the Exchange regarding 'Creative Newtech Limited announces PAN-India distribution partnership with Matrix Comsec Private Limited'.
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Creative Newtech Limited announced a PAN-India distribution partnership with Matrix Comsec Private Limited, a leading Indian manufacturer of security and telecom solutions. Under this deal, Creative Newtech will distribute, promote, and support Matrix's product range including CCTV/IP cameras, access control, time-attendance systems, and telecom solutions (IP-PBX, VoIP gateways) across India. The partnership leverages Creative's existing pan-India sales, channel, and service infrastructure to extend Matrix's reach into urban, semi-urban, and emerging markets. The Indian smart home and security market is valued at USD 1,144 million in 2024 and is projected to grow at a 20% CAGR to USD 3,561 million by 2030, signaling strong category-level tailwinds. No specific financial details such as deal value, revenue contribution, or exclusivity terms were disclosed.
This is a positive business development that expands Creative Newtech's footprint in the high-growth security and telecom distribution segment, likely supporting incremental revenue over time. However, with no disclosed financial terms or revenue guidance, the near-term stock impact is expected to be modest.