Bengaluru electronics manufacturing facility begins operations with an initial investment of ₹55 crore; revenue target set for FY2027-28
NEW DELHI (Economy India): Electronics contract manufacturer Syrma SGS Technology expects its joint venture with European electronics manufacturing and design ecosystem firm Elemaster Group to generate around ₹200 crore in revenue during its first full year of operations in FY2027-28.
The joint venture, Syrma SGS Elemaster Private Ltd, has established a new electronics manufacturing facility in Bengaluru, strengthening the companies’ presence in India’s rapidly expanding electronics manufacturing sector.
₹55 Crore Initial Investment
According to Syrma SGS Technology Executive Chairman Sandeep Tandon, the joint venture has made an initial investment of approximately ₹55 crore to establish the Bengaluru facility.
The facility is expected to begin contributing significantly to the joint venture’s business as operations scale up, with the company targeting around ₹200 crore in revenue in FY2027-28, its first full year of operations.
Tandon shared the revenue outlook following the inauguration of the new manufacturing facility.
Focus on Electronics Manufacturing
The partnership brings together Syrma SGS Technology’s capabilities in electronics manufacturing with the expertise of Elemaster Group, a European electronics manufacturing and design company.
The Bengaluru facility is expected to support growing demand for electronics manufacturing and provide the joint venture with an expanded platform to serve customers.
The establishment of the facility also reflects the increasing importance of India as a manufacturing destination for global electronics companies and technology businesses.
Bengaluru Strengthens Position as Electronics Hub
Bengaluru has emerged as one of India’s major technology and electronics centres, supported by its strong engineering talent base, technology ecosystem and growing manufacturing capabilities.
The new Syrma SGS-Elemaster facility adds to the city’s expanding electronics manufacturing infrastructure and could contribute to the development of a stronger supply chain for the sector.
Revenue Target of ₹200 Crore
The joint venture’s target of ₹200 crore revenue in FY28 represents an important milestone for the newly established business.
The initial ₹55 crore investment will provide the foundation for manufacturing operations, while the companies are expected to scale production and customer engagement as the facility moves towards full-year operations.
The development comes at a time when India’s electronics manufacturing industry is witnessing increased investment and growing participation from domestic and international companies.
| Particular | Details |
|---|---|
| Joint Venture | Syrma SGS Elemaster Private Ltd |
| Partners | Syrma SGS Technology and Elemaster Group |
| Facility | Bengaluru |
| Initial Investment | ₹55 crore |
| Revenue Target | Around ₹200 crore |
| First Full Year | FY2027-28 |
| Sector | Electronics Manufacturing |
| Syrma SGS Executive Chairman | Sandeep Tandon |
India’s Electronics Manufacturing Opportunity
India has been seeking to expand its electronics manufacturing ecosystem, reduce dependence on imports and strengthen domestic supply chains.
Joint ventures between Indian manufacturers and global electronics companies can play an important role in bringing technology, manufacturing expertise and international customer opportunities to the domestic market.
The Syrma SGS-Elemaster partnership is positioned to benefit from this broader industry expansion while creating additional manufacturing capacity in the country.
(Economy India)
