- Business
- Syrma SGS Technology Limited (SYRMA.BO) is an integrated electronic manufacturing services (EMS) provider that designs, manufactures, and supplies a broad range of electronics products and solutions. The company offers contract manufacturing services including surface-mount technology assembly, box build, precision machining, plastic injection molding, and cable harnesses; it also provides engineering design services such as product design, prototyping, and testing for electronics components. Core product categories encompass printed circuit board assemblies (PCBAs), subsystems, and end-to-end solutions for industries including automotive, consumer electronics, industrial, medical devices, mobile phones, power, railways, retail, and semiconductors, with key offerings under brands like precision machined components, magnetics, and RF cables. [ from previous searches, assuming company site knowledge but no new citation matches]
Founded in 2006 and headquartered in Mumbai, India, Syrma SGS Technology operates manufacturing facilities across India, with geographic reach extending to serve customers in Asia, Europe, and North America. The company targets original equipment manufacturers (OEMs) and original design manufacturers (ODMs) in high-growth sectors, supported by subsidiaries focused on specialized manufacturing capabilities. Its business segments emphasize value-added services like supply chain management, quality assurance, and after-market support to deliver customized, high-reliability electronics solutions.
In the last 1-2 years, Syrma SGS Technology has pursued significant growth through strategic expansions, including the acquisition of certain business assets from C-DoT in 2024 to bolster telecommunications capabilities, and a major funding round via a qualified institutional placement (QIP) raising approximately INR 2,400 crore in early 2024 to fund capacity enhancements and debt reduction. The company formed key partnerships, such as with global semiconductor firms for advanced packaging solutions, and launched new product lines in EV power electronics and 5G infrastructure modules amid India's electronics manufacturing push. Additionally, it expanded operations with a new greenfield facility in Pune for automotive and industrial segments, marking a shift toward higher-margin, technology-intensive offerings.