Healthcare and engineering products company Convex Corporation has forayed into male condoms segment and is expecting to have upto 10 per cent market share in the next two years.
The company plans to strengthen its portfolio further in the segment, which is estimated to be Rs 1,200 crore, Convex said in a statement.
Besides, it has also started exporting of male condoms to the Middle East and UK markets, the statement added.
"Increased awareness amongst youngsters about family planning and sexually transmitted diseases has been instrumental in driving the growth of the condom category in the country," Convex Group Director Chetan Ghuwalewala said.
He further said, the company would also explore the online platform for its sexual wellness segment.
"The affinity of people towards online shopping provides us an opportunity to offer condoms, through e-commerce websites in a discreet and convenient manner. Riding on the trend, we plan to make Conve' condoms available through multiple online channels in the near future," Ghuwalewala said.
Convex has a manufacturing facility at Pune, along with an an in-house R&D facilities.