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The India edition · 2026

Electronic manufacturing servicescompanies in India

Contract manufacturing, PCB assembly, IoT & product engineering, semiconductor & design, components and more: the companies building electronic manufacturing services in India, with their founders, funding, team size and business models.

Explore in Radar See the ranked list ↓
339 company profiles154 with reported revenue15 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent electronic manufacturing services business events in India

Funding, M&A, contract wins and launches involving 429 electronic manufacturing services companies in India, last 24 months: 34 Contracts · 26 M&A deals · 12 funding rounds · 3 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

ContractTechnology

Avalon · client: LG Energy

Related Avalon and LG Energy sign MOU to boost Ont.’s lithium battery supply

Lithium battery supply
ContractSupply

Vinyas innovative technologies · client: HAL-Korwa

Vinyas Innovative Technologies has entered into a Long-Term Agreement (LTA) with HAL-Korwa for the supply of electronic systems.

Defence
ContractSupply

Advanced Rail Controls · client: Indian railways

Concord Control Systems Limited has secured an order worth Rupees 84.68 crore from Indian Railways through its subsidiary on March 26, 2026.

Railway
M&AAcquisition · Completed

Karkhana acquires Micron ems tech pvt ltd

Manufacturing startup Karkhana has completely acquired Micron EMS Tech Pvt Ltd, an electronics manufacturing company based in Bengaluru.

Electronics manufacturing
M&AAcquisition · Completed

Karkhana acquires Micron EMS Tech

B2B contract manufacturing startup Karkhana has acquired electronics manufacturing services (EMS) firm Micron EMS Tech for an undisclosed amount.

Electronics manufacturing services
Funding

Sfo technologies

Kochi-headquartered electronics manufacturing services company SFO Technologies has raised approximately $82 million in a funding round led by growth-stage private equity fund Trident…

Investors Trident growth partners, Amicus Capital Partners, Anicut Continuum Equity Fund, HDFC AMC Select AIF FOF-1
Electronics Manufacturing Services
ContractTechnology

Bharat forge · client: Vvdn technologies

Bharat Forge and VVDN Technologies have signed an memorandum of understanding (MoU) to explore collaboration across automotive, defence, and data centre sectors.

Automotive, Defence, Data Centre
FundingPrivate equity

Mefron technologies

Ahmedabad-headquartered Mefron Technologies, an electronics design and manufacturing services (EMS) company, has raised its maiden private equity round for an undisclosed amount from…

Investors Motilal Oswal Principal Investments, India sme investments
Electronics manufacturing services
M&AAcquisition · Completed

Virtusa acquires Smartsoc solutions

Virtusa Corporation bought Bengaluru-based SmartSoC Solutions, a firm specialising in chip engineering and integrated circuit (IC) design services

Chip engineering and IC design
M&AMerger · Announced

Avalon acquires YOOV Group Holding Limited

This communication relates to the proposed merger (the “proposed Merger”) of Avalon and YOOV Group Holding Limited (“YOOV”).

Precision diagnostic consumer products
FundingQIP

Centum electronics

However, only one company in this list, Centum Electronics, has doubled from its QIP issue price, with returns of 101% so far.

Investors Na
ContractSupply

Advanced Rail Controls · client: Indian railways

On Monday Concord Control Systems Limited announced that Advanced Rail Controls Private Limited, the company wholly owned subsidiary, has secured a Rs. 139.32 crore order from Indian…

Railway technology
M&AAcquisition · Announced

US-based Capital Group-owned Smallcap World Fund Inc acquires Kaynes technology

US-based Capital Group-owned Smallcap World Fund Inc, which invests globally in small-cap stocks, has acquired 4.46 lakh equity shares, which is equivalent to 0.66 percent of paid-up…

M&AAcquisition

Syrma sgs technology acquires Ksolare

Syrma SGS has strengthened its participation in the clean-energy electronics landscape by acquiring Ksolare in partnership with Premier Energies. Under the joint venture agreement,…

Clean Energy Electronics
M&AAcquisition · Announced

Syrma sgs technology acquires Elcome integrated systems

Syrma SGS Technology has entered into a definitive agreement to acquire a 60% stake in Elcome Integrated Systems for approximately USD 26 million.

Defence and Maritime Electronics
ContractTechnology

Trident Techlabs · client: Stesalit systems

Trident Techlabs Limited has received a Letter of Award from Stesalit Systems Limited.

Government
Funding

Dixon technologies

In the September quarter of 2025, SBI Group, through SBI Life Insurance Company Limited, acquired a fresh stake of 1.4 percent in Dixon Technologies (India) Limited.

Investors Sbi life insurance
M&AAcquisition · Completed

Virtusa acquires Smartsoc solutions

Virtusa Corporation, an IT services company specialising in AI, cloud, and data analytics, has acquired Bengaluru-based SmartSoC Solutions, a leader in semiconductor engineering and…

Semiconductor engineering and integrated circuit (IC) design services
Contract

Ericsson · client: Vvdn technologies

It is worth noting that Ericsson is already making telecom gear in India in partnership with VVDN Technologies.

Telecom
ContractTechnology

Kaynes technology · client: Madhya Pradesh Government

It is also investing Rs 352 crore in a Bhopal unit under Madhya Pradesh’s new semiconductor policy to build advanced electronics manufacturing with surface mount technology lines,…

Semiconductor
ContractTechnology

Kaynes technology · client: Odisha Government

With regard to Kaynes, the Union Cabinet has its proposal to set up an ATMP (assembly, testing, marking, packaging) semiconductor unit in Sanand, Gujarat, with an investment of around Rs…

Semiconductor
ContractTechnology

Trident Techlabs · client: Bharat earth movers

Trident Techlabs Limited has been awarded two significant contracts by Bharat Earth Movers Limited (BEML), a premier public sector undertaking under the Ministry of Defence, valued at…

Defence
M&AAcquisition · Announced

Dixon technologies acquires Kunshan Q Tech Microelectronics

Dixon Technologies : The company will acquire a 51% stake (20.86 million shares) in Kunshan Q Tech Microelectronics for ₹553 crore.

ContractService

Tech mahindra · client: Dixon technologies

Dixon Technologies (India) Limited has entered into a Master Services Agreement with Tech Mahindra Limited to implement advanced digital manufacturing solutions as part of its Industry…

Technology
ContractTechnology

Vvdn technologies · client: Bharat Electronics Limited BEL

Earlier last week, BEL signed a Memorandum of Understanding (MoU) with VVDN Technologies to collaborate on domestic manufacturing and technology development.

Defence and electronics
ContractOutsourcing

Optiemus electronics · client: Realme

In April this year, Chinese RealMe also partnered with Optiemus to manufacture its next-generation AIoT (Artificial Intelligence of Things) products in India, which include earphones,…

Electronics Manufacturing
FundingPreference

Vinyas innovative technologies

Vinyas Innovative Technologies Limited, a Mysuru-based electronics manufacturing services (EMS) provider, has successfully raised Rs. 150.04 crore through a preferential issue of warrants.

Investors Singularity ventures, Chartered Finance & Leasing
Electronics manufacturing services
LaunchFully AI-designed server

Vvdn technologies

On Friday, India's Union Minister Ashwini Vaishnaw unveiled the country's first fully AI-designed server, made by VVDN Technologies.

Server
FundingQualified Institutional Placement

Centum electronics

Centum Electronics has opened its Qualified Institutions Placement (QIP) on March 10, 2025, with a floor price of ₹1,219.65 per share, determined as per the SEBI pricing formula.

Electronics
ContractOutsourcing

Optiemus electronics · client: TP-Link Systems

The two companies on Monday announced a partnership that will see the Noida-based Optiemus manufacture TP-Link’s networking devices and smart home products.

Telecommunications and Electronics Manufacturing

Electronic manufacturing services companies in India, by revenue

Browse electronic manufacturing services companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 154 electronic manufacturing services companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of electronics manufacturing and fabrication, offering precision electronic components to various industries

Semiconductor design and manufacturing services
₹66,600.60 crFY 2024-25
+1652%2024–2025
18,834LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of electronics manufacturing services

Direct selling
₹38,880.33 crFY 2024-25
+119%2024–2025
5,188-6% 12 mo to Jul 2024LinkedIn · Jul 2026
33 yr1993
5postings · last posted Sep 2026

Manufacturer of batteries, charger, headsets, and electric components

Electronic manufacturing services
₹18,199.33 crFY 2021-22
Not reported
1,922-91% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
1postings · last posted Jul 2026

Offers custom electronic manufacturing services

Electronic manufacturing services
₹17,439.98 crFY 2024-25
+5%2024–2025
3,100+45% 12 mo to Sep 2024recorded Sep 2024
31 yr1995
0none in 3 months

Provider of software, product engineering, and electronic manufacturing services & solutions

Electronic manufacturing services
₹3,864.58 crFY 2024-25
+78%2024–2025
8,326-3% 12 mo to Jun 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of ODM Plus solutions

Manufacturing services
₹2,892.97 crFY 2024-25
+7%2024–2025
5,316+10% 12 mo to Jul 2024LinkedIn · Jul 2026
36 yr1990
8postings · last posted Sep 2026

Manufacturer & Supplier of Home Appliances

Electronic manufacturing services
₹2,164.33 crFY 2022-23
Not reported
963-3% 12 mo to Jul 2024LinkedIn · Jul 2026
23 yr2003
1postings · last posted Aug 2026

Provider of product design, prototyping, PCB assembly, repair, and automatic tester development services

Electronic manufacturing services
₹2,092.14 crFY 2022-23
Not reported
2,595+69% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of electronic product creation

Electronic manufacturing services
₹1,902.93 crFY 2024-25
+73%2024–2025
744-72% 12 mo to Jan 2022LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of IOT solutions for integrated electronics manufacturing player

Electronic manufacturing services
₹1,860.54 crFY 2023-24
Not reported
1,887+9% 12 mo to Sep 2023LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Offers contract electronic manufacturing and PCB assembling services

Electronic manufacturing services
₹1,377.45 crFY 2024-25
+19%2024–2025
556+10% 12 mo to Jul 2024recorded Jul 2024
36 yr1990
0none in 3 months

Provider of design, engineering, manufacturing, and aftermarket services for electronic products.

Electronic manufacturing services
₹1,164.12 crFY 2024-25
+6%2024–2025
2,554+4% 12 mo to Jul 2024LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Manufacturer of electronic assemblies and integrated systems for diverse industrial and technical applications

Electronic manufacturing services
₹1,115.23 crFY 2024-25
+26%2024–2025
1,723+6% 12 mo to Mar 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer and supplier of plastic components to OEMs

Electronic manufacturing services
₹1,050.82 crFY 2023-24
Not reported
580-51% 12 mo to Sep 2024LinkedIn · Jul 2026
57 yr1969
0none in 3 months

Manufacturer of consumer electronics and components

Printed circuit boards
₹906.78 crFY 2024-25
-1%2024–2025
374LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Jun 2026

Manufacturers & exporters of rubber cables, UL extension cords, and other products

Electronic manufacturing services
₹790.41 crFY 2024-25
+33%2024–2025
3,000+417% vs previous recordrecorded
30 yr1996
0none in 3 months

Provider of electronics manufacturing solutions and services

Electronic manufacturing services
₹487.19 crFY 2024-25
Not reported
24LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Provider of LED tv, plastic molding, and PCB manufacturing services

Electronic manufacturing services
₹409.19 crFY 2021-22
Not reported
76-18% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Limited information available

Electronic manufacturing services
₹411.32 crFY 2022-23
Not reported
10,658+16% 12 mo to Aug 2024recorded Aug 2024
—
—No postings tracked

Manufacturer of metal, plastic, and electronic precision parts

Electronic manufacturing services
₹412.64 crFY 2024-25
+14%2024–2025
333+20% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Apr 2026

Manufacturer of chargers, adapters, and EV chargers

Contract manufacturers
₹352.48 crFY 2024-25
+49%2024–2025
9-6% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

IT Peripherals & mobile accessories distribution and manufacturing services

Wholesalers
₹342.98 crFY 2024-25
-22%2024–2025
313LinkedIn · Jul 2026
25 yr2001
0none in 3 months · last posted Nov 2025

Provider of electronic manufacturing and PCB assembling services

Electronic manufacturing services
₹308.48 crFY 2024-25
+14%2024–2025
235-12% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of electronics manufacturing services

Contract manufacturers
₹258.29 crFY 2024-25
+43%2024–2025
248+60% 12 mo to Aug 2024LinkedIn · Jul 2026
9 yr2017
1postings · last posted Aug 2026

Provider of electronics manufacturing services

Electronic manufacturing services
₹212.13 crFY 2021-22
Not reported
190-47% 12 mo to Oct 2023LinkedIn · Jul 2026
25 yr2001
2postings · last posted Jul 2026
50 of 339 companies shown here · the full list is on Radar
Fliar Radar

Explore all 339 electronic manufacturing services companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open electronic manufacturing services in India on Radar
  • Every company, not just 50All 339 electronic manufacturing services companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore electronic manufacturing services companies in India by what you are looking for

Find the top electronic manufacturing services companies in India, including EMS companies for PCB assembly, contract manufacturing and product design. Browse listed electronic manufacturing services companies and EMS startups in India.

8 ways to explore electronic manufacturing services in India

Contract electronics manufacturersPCB & electronic assembly companiesIoT & product engineering services companiesSemiconductor design & manufacturing servicesElectronic components & equipment manufacturersListed electronic manufacturing services companies

Contract electronics manufacturers

EMS companies that build electronic products and devices on contract for other brands.

  1. Tata Electronics

    Provider of electronics manufacturing and fabrication, offering precision electronic components to various industries

    Semiconductor design and manufacturing services
    See in list
  2. Dixon Technologies

    Provider of electronics manufacturing services

    Direct selling
    See in list
  3. DBG

    Offers custom electronic manufacturing services

    Electronic manufacturing services
    See in list
  4. VVDN

    Provider of software, product engineering, and electronic manufacturing services & solutions

    Electronic manufacturing services
    See in list
  5. Kaynes Technology

    Provider of IOT solutions for integrated electronics manufacturing player

    Electronic manufacturing services
    See in list
201 companies in IndiaAll 745 contract manufacturers companies in India →

PCB & electronic assembly companies

Printed circuit board makers and PCB assembly service providers.

  1. SGS Tekniks

    Offers contract electronic manufacturing and PCB assembling services

    Electronic manufacturing services
    See in list
  2. Thinksemi infotech

    Provider of electronics manufacturing services with state-of-the-art manufacturing facility and fully automated PCB assembly lines

    Electronic manufacturing services
    See in list
  3. Podrain Electronics

    Provider of electronic manufacturing services including PCB assembly and system integration

    Printed circuit boards
    Website
  4. Flashline EMS

    Manufacturer of PCB fabrication and other electronics assembly products

    Printed circuit boards
    Website
  5. Cubix Control Systems

    Provider of electronics manufacturing services specializing in PCB assembly, plastic molding, and wiring harnesses

    Electronic manufacturing services
    Website
31 companies in IndiaAll 93 printed circuit boards companies in India →

IoT & product engineering services companies

Companies offering IoT development, embedded systems and electronic product engineering.

  1. VVDN

    Provider of software, product engineering, and electronic manufacturing services & solutions

    Electronic manufacturing services
    See in list
  2. Mindteck

    Mindteck provides IT & Product Engineering Services

    It services
    See in list
  3. Zilogic

    Provider of software development, networking, testing, and other services

    It services
    See in list
  4. Enthu Technology Solutions India

    Manufacturer of IoT products and EMS products

    Iot services
    Website
  5. Glide Technology

    Product Engineering, Embedded Hardware & Software Development | Glide Technology

    Iot services
    Website
39 companies in IndiaAll 758 iot services companies in India →

Semiconductor design & manufacturing services

Companies providing silicon, semiconductor and electronic design and manufacturing services.

  1. Proxelera

    Provider of silicon, system, and software product engineering services

    Electronic manufacturing services
    See in list
  2. MMRFIC

    Developer of custom radio frequency integrated circuits and system solutions

    Analog and mixed signal ics
    Website
  3. RA Electronics

    Semiconductor distributor and supply-chain solutions provider

    Semiconductor design and manufacturing services
    Website
  4. Numelo Technologies

    Provider of semiconductor manufacturing services

    Electronic manufacturing services
    Website
  5. Tata Electronics

    Provider of electronics manufacturing and fabrication, offering precision electronic components to various industries

    Semiconductor design and manufacturing services
    See in list
24 companies in IndiaAll 235 semiconductor design and manufacturing services companies in India →

Electronic components & equipment manufacturers

Makers of electronic components, assemblies and manufacturing equipment.

  1. Avalon

    Manufacturer of electronic assemblies and integrated systems for diverse industrial and technical applications

    Electronic manufacturing services
    See in list
  2. Noble Group

    Manufacturer of vertically integrated solutions across the consumer electronics and durables space

    Contract manufacturers
    See in list
  3. Vizin India

    Manufacturer of mobile accessories, smart devices, power solutions, and cables

    Diversified consumer electronics brands
    See in list
  4. Mekr Technologies

    Manufacturer of kitchen appliances

    Electronic manufacturing services
    See in list
  5. Zreyah Semiconductor Systems

    Distributor dealing with mil grade connectors and components for semiconductor systems

    Electronic manufacturing services
    See in list
25 companies in IndiaAll 207 electronic components companies in India →

Listed electronic manufacturing services companies

Publicly listed electronic manufacturing services companies in India.

  1. Dixon Technologies

    Provider of electronics manufacturing services

    Direct selling
    See in list
  2. PG Electroplast

    Manufacturer & Supplier of Home Appliances

    Electronic manufacturing services
    See in list
  3. Syrma SGS

    Provider of product design, prototyping, PCB assembly, repair, and automatic tester development services

    Electronic manufacturing services
    See in list
  4. Kaynes Technology

    Provider of IOT solutions for integrated electronics manufacturing player

    Electronic manufacturing services
    See in list
  5. Centum Electronics

    Provider of design, engineering, manufacturing, and aftermarket services for electronic products.

    Electronic manufacturing services
    See in list
11 companies in India

Electronic manufacturing services startups in India

Recently founded electronic manufacturing and design startups.

  1. Mefron

    Manufacturer of electronic products and cable assemblies

    Electronic manufacturing services
    See in list
  2. Mekr Technologies

    Manufacturer of kitchen appliances

    Electronic manufacturing services
    See in list
  3. Proxelera

    Provider of silicon, system, and software product engineering services

    Electronic manufacturing services
    See in list
  4. Karyteck Fastline Solutions

    Provider of electronics manufacturing, PCB assembling, engineering, and 3D printing services

    Electronic manufacturing services
    Website
  5. Teqnezma Electronics

    Offers custom electronic PCB manufacturing services

    Electronic manufacturing services
    Website
38 companies in India

Electronic manufacturing services companies hiring in India

EMS companies with open roles right now.

  1. Dixon Technologies

    Provider of electronics manufacturing services

    Direct selling
    See in list
  2. Bharat FIH

    Manufacturer of batteries, charger, headsets, and electric components

    Electronic manufacturing services
    See in list
  3. SFO Technologies

    Provider of ODM Plus solutions

    Manufacturing services
    See in list
  4. PG Electroplast

    Manufacturer & Supplier of Home Appliances

    Electronic manufacturing services
    See in list
  5. Genus Electrotech

    Manufacturer of consumer electronics and components

    Printed circuit boards
    See in list
26 companies in India
Mobile reach

Top 5 electronic manufacturing services apps from India

The most-installed Android apps published by electronic manufacturing services companies headquartered in India — 31K installs between them. 5 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 5
1

Jewellers Calculator

by Basikz

Installs19K
Rating—
Last updatedMay 2025
Legal entityBASIKZ RELIABILITY SOLUTIONS PRIVATE LIMITEDCIN U74994CH2018PTC041993filed accounts
View on Google Play ↗
Jewellers Calculator screenshot 1Jewellers Calculator screenshot 2Jewellers Calculator screenshot 3Jewellers Calculator screenshot 4Jewellers Calculator screenshot 5Jewellers Calculator screenshot 6
2

SEEPZ Visitor

by SEEPZ

Installs5K
Rating—
Last updatedMar 2026
Legal entitySUNFLOWER JEWELLERY PRIVATE LIMITEDCIN U36911MH1991PTC062796
View on Google Play ↗
SEEPZ Visitor screenshot 1SEEPZ Visitor screenshot 2SEEPZ Visitor screenshot 3SEEPZ Visitor screenshot 4SEEPZ Visitor screenshot 5SEEPZ Visitor screenshot 6
3

LRIPL

by LRIPL

Installs3K
Rating—
Last updatedMar 2026
Legal entityLAXMI REMOTE (INDIA) PRIVATE LIMITEDCIN U24114DL2000PTC108021
View on Google Play ↗
LRIPL screenshot 1LRIPL screenshot 2LRIPL screenshot 3LRIPL screenshot 4LRIPL screenshot 5LRIPL screenshot 6
5

Asset_Finder

by SIWI

Installs5
Rating—
Last updatedMay 2026
Legal entitySIWI EMBEDDED SOLUTIONS PRIVATE LIMITEDCIN U72900MH2019PTC328153
View on Google Play ↗
Asset_Finder screenshot 1Asset_Finder screenshot 2Asset_Finder screenshot 3Asset_Finder screenshot 4Asset_Finder screenshot 5Asset_Finder screenshot 6
The business behind the activity

Electronic manufacturing services financials in India

Revenue, profit and growth from the filed annual accounts of 144 electronic manufacturing services companies in India for FY24-25 — 172 of the 339 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 65% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹49,666.63 cr

144 companies filing accounts

combined net profit₹548.75 cr

1.1% aggregate margin

are profitable68%

98 of 144 companies

median revenue~₹6.9 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five65%

revenue concentration

Six-year view

Combined revenue of filing companies

₹38,625.98 crFY19-20123 filers
₹14,256.10 crFY20-21132 filers
₹24,321.30 crFY21-22138 filers
₹28,033.34 crFY22-23144 filers
₹43,884.52 crFY23-24148 filers
₹49,666.63 crFY24-25144 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 133 companies over three years

+82%
FY22-23₹27,300.02 cr₹254.35 cr net
FY23-24₹43,095.71 cr₹24.32 cr net
FY24-25₹49,654.08 cr₹549.03 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr4045% profitable
₹1–10 cr3669% profitable
₹10–100 cr4072% profitable
₹100–1,000 cr1894% profitable
Over ₹1,000 cr1090% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking45
0–20%39
20–50%21
50–100%15
Doubled+17

137 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

98profitable
46loss-making
1.1%aggregate margin
1.5%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
JeanuvsJEANUVS PRIVATE LIMITED
SahasraSAHASRA SEMICONDUCTORS PRIVATE LIMITED+243%₹10.31 cr
Mekr TechnologiesMEKR TECHNOLOGIES PRIVATE LIMITED
MefronMEFRON TECHNOLOGIES (INDIA) PRIVATE LIMITED
ProxeleraPROXELERA PRIVATE LIMITED
Thinksemi infotechTHINKSEMI INFOTECH LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
TianyinTIANYIN WORLDTECH INDIA PRIVATE LIMITED23.0%₹352.48 cr
Zreyah Semiconductor SystemsZREYAH SEMICONDUCTOR SYSTEMS PRIVATE LIMITED
Thinksemi infotechTHINKSEMI INFOTECH LIMITED
Trident TechlabsTRIDENT TECHLABS LIMITED
Digital Core TechnologiesDIGITALCORE TECHNOLOGIES PRIVATE LIMITED
AccurexACCUREX SOLUTIONS PRIVATE LIMITED,12.3%
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electronic manufacturing services107₹36,222.77 cr~₹6.6 cr68%2.2%
Semiconductor design and manufacturing services6₹2,811.62 cr~₹4.0 cr67%-35.5%
Printed circuit boards5₹949.82 cr~₹8.8 cr60%1.6%
Iot services7₹41.62 cr~₹1.9 cr57%-1.4%
Leaders

Largest electronic manufacturing services companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
DBGDBG TECHNOLOGY (INDIA) PRIVATE LIMITED₹17,439.98 cr₹70.40 cr0.4%+5%
Dixon TechnologiesDIXON TECHNOLOGIES (INDIA) LIMITED₹5,467.37 cr₹565.90 cr10.4%-15%
VVDNVVDN TECHNOLOGIES PRIVATE LIMITED₹3,859.66 cr₹36.85 cr1.0%+79%
Tata ElectronicsTATA ELECTRONICS PRIVATE LIMITED₹2,787.36 cr−₹997.87 cr-35.8%+111%
SFO TechnologiesSFO TECHNOLOGIES PRIVATE LIMITED₹2,668.57 cr₹69.43 cr2.6%+7%
Syrma SGSSyrma Sgs Technology Limited₹2,323.51 cr₹79.73 cr3.4%+23%
Kaynes TechnologyKaynes Technology India Limited₹2,051.97 cr₹209.91 cr10.2%+53%
NeolyncNEOLYNC ELECTRONICS PRIVATE LIMITED₹1,902.93 cr₹2.72 cr0.1%+73%
PG ElectroplastPG ELECTROPLAST LIMITED₹1,534.10 cr₹84.71 cr5.5%+6%
SGS TekniksSgs Tekniks Manufacturing Private Limited₹1,348.96 cr₹89.07 cr6.6%+19%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full electronic manufacturing services landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the electronic manufacturing services landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Electronic manufacturing services funding and M&A across India

48 recorded equity rounds have gone to 429 electronic manufacturing services companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months6

US$93.36m

equity rounds, last 24 months12

US$238.53m

raised over five yearsUS$344.50m

32 rounds in India

M&A deals, India26

last 24 months

Capital by year

Equity funding into electronic manufacturing services in India

amount rounds
$3.1m20183
$35m20191
$1.5m20202
$2.9m20213
$3.0m20224
$96m20237
$6.8m20247
$147m20256
$89m20265

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2025, with US$146.70m across 6 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$3.96m7 rounds · median US$83k
SeedUS$17.87m13 rounds · median US$821k
Series AUS$26.80m6 rounds · median US$5.30m
Series D+US$213.87m5 rounds · median US$30.12m
Private equityUS$82.00m1 rounds · median US$82.00m
Where the money went · five years

Most-funded sub-sectors

Electronic manufacturing servicesUS$240.65m18 rounds · 8 companies
Manufacturing servicesUS$82.00m1 rounds · 1 companies
Contract manufacturersUS$15.30m4 rounds · 2 companies
Analog and mixed signal icsUS$4.98m4 rounds · 1 companies
Display servicesUS$1.55m4 rounds · 1 companies
Ai servicesUS$27k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

23Acquisition
2Merger
1Announced

Most active acquirers

  1. Dixon technologies7
  2. Kaynes technology6
  3. Avalon3
  4. Syrma sgs technology3
  5. Karkhana2

Most acquired or merged

  1. Iskraemeco India3
  2. Smartsoc solutions2
  3. Ksolare2
  4. Micron ems tech pvt ltd1
  5. Micron EMS Tech1

Each deal appears in the events strip at the top of the page.

Go deeper in the electronic manufacturing services landscape reports:

Accounting and Tax Software Industry Landscape of India AdTech Industry Landscape of India Aerospace, Maritime and Defense Industry Landscape of India

Electronic manufacturing services funding in India

15 electronic manufacturing services companies in India have recorded equity funding, US$434.40m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind electronic manufacturing services companies in India. 145 of 339 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India electronic manufacturing services companies by sub-sector

The most common specialisations among electronic manufacturing services companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring electronic manufacturing services in India and nearby markets.

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