Syrma SGS Technology Ltd.
Mcap: ₹ 4868 Cr.
Co provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation & product realization.
Mcap: ₹ 4868 Cr.
Co provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation & product realization.
Co is tech focused engineering & design co engaged in turnkey electronics manufacturing services (“EMS”), specializing in precision manufacturing for diverse end use industries. They are leaders in high-mix low volume product management & are present in most industrial verticals.
Product portfolio of the co includes :
-Printed circuit board assemblies (PCBA)
- Radio frequency identification (RFID) products
- Electromagnetic & electromechanical parts
- Motherboards
- Memory products - DRAM modules, solid state, & USB drives.
-Printed circuit board assemblies (PCBA)
- Radio frequency identification (RFID) products
- Electromagnetic & electromechanical parts
- Motherboards
- Memory products - DRAM modules, solid state, & USB drives.
Co operates 11 manufacturing facilities in North India (Himachal Pradesh, Haryana, Uttar Pradesh) & South India (Tamil Nadu, Karnataka). The manufacturing facilities in Tamil Nadu are located in a special economic zone. The manufacturing facility in Haryana has been set up under
the Electronic Hardware Technology Park scheme, which allows the co to avail of tax & other benefits.
Co has 3 dedicated R&D facilities, 2 of which are located in Chennai & Gurgaon & one in Stuttgart, Germany. R&D efforts are focused on
Co has 3 dedicated R&D facilities, 2 of which are located in Chennai & Gurgaon & one in Stuttgart, Germany. R&D efforts are focused on
1. Developing new products & improvement of the quality of existing products.
2. Driving the design & engineering capabilities and original design manufacturing capabilities of the co.
2. Driving the design & engineering capabilities and original design manufacturing capabilities of the co.
Syrma's products are primarily focused on ODMs & OEMs in various industries including automotive, healthcare, IT & industrial appliances, energy management, water purification, power supply & consumer products industries.
In FY22, they catered to 200+ customers, out of which 16 customers have been associated for 10+ years, contributing 262.8 cr. of FY22 revenues.
Co's clients include TVS Motor Co Ltd, A. O. Smith India Water Products Pvt. Ltd, Robert Bosch Engineering & Business Solution Pvt Ltd,
Co's clients include TVS Motor Co Ltd, A. O. Smith India Water Products Pvt. Ltd, Robert Bosch Engineering & Business Solution Pvt Ltd,
Eureka Forbes Ltd Limited, CyanConnode Ltd, Atomberg Technologies Pvt Ltd, Hindustan Unilever Ltd, Total Power Europe B.V.
Co’s products are sold in 25+ countries, including USA, Germany, Austria & the UK. In FY22, exports contributed 55% of the revenue.
Co’s products are sold in 25+ countries, including USA, Germany, Austria & the UK. In FY22, exports contributed 55% of the revenue.
Co acquired Tovya Automation in December 2014, merged with 3G Communication Pvt Ltd effective from April 2016 & most recently, acquired SGS Tekniks in September 2021 & Perfect ID in October 2021.
Indian EMS market comprises different tiers of cos including the global EMS cos with operations in India, large Indian EMS cos & mid/small Indian EMS cos. The competition concentration is moderate as Top-3 cos accounted for 28.5 % of the market.
Major competitors are Flextronics, Jabil, Dixon, SFO, Resolute, Elin, NTL, Cyient, and Foxconn.
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