Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS), incorporated in 2004. The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization. With over 4 decades of excellence in Electronic System Design & Manufacturing, the company offers services across the entire product lifecycle and delivers high-precision, quality manufacturing services spanning multiple industries. Their expertise in strategic engineering and manufacturing makes them trusted partners to the world's leading companies.
Syrma is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services ("EMS"), specializing in precision manufacturing for diverse end-use industries. They are leaders in high-mix volume product management and are present in most industrial verticals.
The company is engaged in the business of manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products. It serves national and international B2B customers in the industrial, consumer electronics, healthcare, automotive, computer, medical, and railways business segments.
Their one-stop-solution electronics manufacturing services (EMS) includes product design, quick prototyping, printed circuit board (PCB) assembly, box build, repair & rework and automatic tester development services. The company's product portfolio comprises printed circuit board assemblies; box build, electromechanical assembly, and full-systems integration services, including firmware, software loading, validation, testing, and commercial or custom packing. Additionally, the company provides custom magnetic services, including brushless DC motor module for fan consists of brushless DC motor, driver circuit, and control system; electro-mechanicals; critical communication solutions; RFID tags and inlays; and magnetic products comprising custom magnetic chokes, magnetic inductors, and magnetic transformers.
The company operates with a 150-member strong engineering team that offers Product Engineering, Prototype Manufacturing and Original Design & Manufacturing Services, supported by 12 World Class Manufacturing Facilities with Automation & Vertical Integration. Recent developments include Syrma SGS setting up the largest Electronics Manufacturing Facility in Pune, marking a significant expansion of their manufacturing capabilities.
Based on the latest financial data as of March 2025, Syrma SGS has a market capitalization of ₹10,151 crores (up 15.5% in 1 year), with revenue of ₹3,787 crores and profit of ₹184 crores. The company maintains a promoter holding of 46.5%.
For Q4 FY25, the company reported a net profit of ₹65.44 crores compared to ₹34.9 crores in Q4 FY24, representing an 87% increase. However, revenue from operations was 18.4% lower at ₹924.3 crores against ₹1,134.2 crores in the year-ago period.
For the full financial year 2024-25, profit grew 58.2% to ₹169.8 crores from ₹107.3 crores in FY24, while revenue increased 20% year-on-year to ₹3,786.6 crores.
- Revenue: ₹3,787 crores (20% YoY growth)
- Net Profit: ₹184 crores (58% YoY growth)
- Market Cap: ₹10,151 crores (as of March 2025)
- Export Revenue: ₹860 crores
- EBITDA: ₹3,727 million (43% YoY growth)
Looking ahead, Syrma SGS is projecting a 30-35% increase in revenue for FY26. The firm on-boarded 25 new customers in FY25, including export clients. The company is looking to cross ₹1,000 crores in export value in FY26, up from ₹860 crores in FY25.
The company benefits from global supply chain realignment and heightened interest from international customers in India as a reliable manufacturing base, providing strong tailwinds. Inbound inquiries and plant visits from global players are at an all-time high, indicating robust demand and future order inflows.
As part of recent collaborations, Syrma SGS will manufacture Dynabook's diverse range of laptops in India, supporting the Government's 'Make in India' vision. This initiative is designed to meet the varied demands of enterprise customers and commercial channels across the country, providing world-class laptops with Dynabook's renowned technology and expertise to government and public sector undertakings.
The company's board has approved raising of funds via Qualified Institutional Placement (QIP) for an aggregate amount not exceeding ₹1,000 crores. The existing organic business does not require additional funding, given its near-zero-debt status and strong balance sheet.
Syrma SGS is a design-focused manufacturing powerhouse with extensive domain knowledge spanning Automotive, Telecom, Industrial, IT, Consumer, Railways, Healthcare and Defence sectors. The company offers tailored production capabilities, commitment to sustainability, industry-specific strategies, innovation, and unwavering customer focus, positioning them confidently for future growth and stakeholder value generation.
The company has received multiple industry recognitions, including ELCINA's Special Jury Award for "Electronics Company of the Year" for 2021-22 and has been recognized as a Great Place to Work for the 3rd consecutive year.
With its strong market position, diversified customer base, robust financial performance, and strategic growth initiatives, Syrma SGS Technology continues to be a significant player in India's electronics manufacturing services industry, well-positioned to capitalize on the growing demand for electronics manufacturing in the country.
