Creative Newtech Limited has informed the Exchange regarding 'Partnership with Kaspersky to strengthen its Cybersecurity Solutions Portfolio.'.
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Creative Newtech Limited (NSE: CNL, BSE: 544631) has announced a distribution partnership with Kaspersky, a global cybersecurity company founded in 1997, to expand cybersecurity offerings in the Indian market. The distribution scope will cover North, West, and East India. Under the partnership, Creative Newtech will distribute Kaspersky's consumer and enterprise cybersecurity products, including endpoint security, threat detection, anti-ransomware, VPN, and managed security services, using its existing pan-India channel network. The Indian cybersecurity market is projected to grow from US$6.9 billion in 2024 to US$20.5 billion by 2030 at a 20.2% CAGR, which the company sees as a major growth opportunity.
This partnership adds a high-growth, marquee global brand to Creative Newtech's distribution portfolio and opens a new revenue stream in the fast-expanding Indian cybersecurity market, which could positively support future earnings. For investors, it signals the company's strategy to move into higher-margin, value-added technology categories, though the actual financial impact will depend on the scale of distribution build-out.