Best Printed Circuit Boards Companies in India
The 93 best Printed Circuit Boards companies in India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Multipak Electronics India.
Among the Printed Circuit Boards companies in India ranked here by disclosed equity funding and recent momentum, the real story isn't the $8M in total disclosed funding across 93 tracked companies. It's the $473M combined revenue pool sitting beneath that modest funding number. Sixty-two filers show a median revenue of $525,884 and median growth of 15% YoY, which tells you this sector earns its way rather than raises its way. The global PCB market sits at roughly $104.8B, forecast to hold that scale through 2033 at a 5.1% CAGR, and India's filers are clearly drawing from that current.
So who's actually moving weight? Sri SCL Infratech Limited filed $139M in revenue, up 54% YoY. Genus Electrotech Limited came in at $105M. Shogini Technoarts Pvt Ltd posted $46M at 18% growth and earned $5M net, 279x the sector's median net income of $16,622. I'd call that a profitability outlier worth watching. Ascent Circuits Private Limited adds another $38M at 24% growth, with $5M net income, 319x the median. What does it mean when your top four earners collectively dwarf the disclosed funding base? It means the assembly and design complexity shaping this industry rewards operators who've already built real manufacturing depth, not just raised a seed round.
- Crisis in Printed Circuit Board Supply: Karuna Karan
Ranked: Best Printed Circuit Boards companies in India
| # | Company | Revenue | Disclosed funding | Employees | Tech stack | Founder | Market signals (1y) | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Avalon Manufacturer of electronic assemblies and integrated systems for diverse industrial and technical applications | $132M FY2025 | $441K | 871 871 → 1,723 (+98%) | WordPressMySQLPHP+32 | Kunhamed Bicha Chairman & Managing Director | 4 signals ▲100% M&A · Contracts | 1 launch |
| 2 | Genus Electrotech Manufacturer of consumer electronics and components | $107M FY2025 | — | 1,750 | WordPressMySQLPHP+17 | Rashmi Todi CEO | — | 1 job opening |
| 3 | INDIC Provider of supply chain,PCB designing, mechanical assembling, system integration, and engineering services | $78M FY2023 | — | 144 144 → 342 (+138%) | WebflowSwiperjQuery+9 | Anil Gupta Co-Founder | — | — |
| 4 | Shogini Technoarts Manufacturer in the PCB industry, facilitating everyday experiences with grade PCBs | $48M FY2025 | — | 646 | WordPressMySQLPHP+21 | — | 7 signals M&A · Regulatory · Capital raise | — |
| 5 | Ascent Circuits Manufacturer of printed circuit boards | $39M FY2025 | — | 183 183 → 110 (-40%) | WordPressMySQLPHP+17 | M Thomas CEO | 4 signals ▲100% Regulatory · Capital raise · Hiring | — |
| 6 | EITPL Provider of electronic manufacturing and PCB assembling services | $36M FY2025 | $2M | 444 | — | Nitin Bothra Director | — | — |
| 7 | Epitome Components Manufacturer of printed circuit boards | $31M FY2025 | — | 175 | PleskAnimate.cssBootstrap+9 | Ravi Sharma CEO | — | — |
| 8 | Hi-Q Electronics Electronic components and boards for the military | $16M FY2025 | — | 275 | WordPressMySQLPHP+16 | Venkatachalam Sengoda Founder & Managing Director | — | — |
| 9 | ICL Manufacturer of PCBs | $10M FY2023 | — | 160 | PHPYouTubeBootstrap+15 | — | — | — |
| 10 | Mekr Technologies Manufacturer of kitchen appliances 60Growth top 21%Fin. health top 29%Talent top 38%Moat top 40% All 8 signals ▾Growthtop 21% Fin. healthtop 29% Talenttop 38% Moattop 40% Fundingtop 43% Techtop 46% Globalbottom 37% Marketbottom 32% Growth: Revenue +220% YoY · Fresh capital in last 24 mo Fin. health: Revenue ~$4.5M (FY2024) · Net margin 10.6% rank vs industry peers · Fliar Intelligence Index 60/100 | $5M FY2025 | $769K | 7 | Wix eCommerceWixSentry+13 | Gaurang Kuchhal Co-Founder | — | — |
| 11 | Fine-Line Circuits Manufacturer of multi-layer printed circuit boards | $4M FY2025 | — | 145 | WordPress Block EditorWordPressMySQL+15 | Abhay Doshi Managing Director | — | — |
| 12 | BCC Fuba Manufacturer of PCBs | $4M FY2023 | — | 128 | PleskAnimate.cssBootstrap+14 | Abhinav Bhardwaj Executive Director & CEO | — | — |
| 13 | Maslight India Technologies Manufacturer of PCB | $3M FY2025 | — | 53 | PleskWindows ServerMicrosoft ASP.NET+6 | — | — | — |
| 14 | Kyoritsu Electric AOI Automated Optical Inspection | SMT Inspection Machine | PCBA Testing - Kyoritsu Electric | $3M FY2022 | — | 94 | WordPressMySQLPHP+22 | — | — | — |
| 15 | Argus Systems Provider of electronic product engineering and manufacturing services, specializing in printed circuit board… | $2M FY2025 | — | 20 | BootstrapCloudflareUnpkg+10 | Dhiraj Kumar Founder & Director Systems Engineering | — | 2 launchs |
| 16 | Smart-Waves Manufacturer of electronic hardware and provider of product engineering services | $2M FY2025 | $64K | — | WordPressMySQLPHP+20 | Kiran Govada Co-Founder | — | — |
| 17 | B S Electronics Provider of printed circuit boards and electronics design manufacturing services | $2M FY2025 | — | — | — | Ravi Dhalaria Managing Director | — | — |
| 18 | Digital Circuits Manufacturer of electronic assemblies and box-build products | $2M FY2025 | — | — | BootstrapApache HTTP ServerCloudflare+6 | — | — | — |
| 19 | Glide Technology Product Engineering, Embedded Hardware & Software Development | Glide Technology | $2M FY2025 | — | 73 73 → 84 (+15%) | WordPressMySQLPHP+33 | Upendra Patel Founder and CEO | — | 1 job opening · 4 internships |
| 20 | General Datum GENERAL DATUM – Product Design, Software, Mechanical Engineering, 3D Modeling and Drafting Services… | $1M FY2022 | — | 75 75 → 95 (+27%) | WordPressMySQLPHP+22 | — | — | 1 job opening |
| 21 | Indian Laminates Manufacturer of decorative laminates, compact laminates, and pre-laminated boards | $1M FY2025 | — | — | — | — | — | — |
| 22 | Flashline EMS Manufacturer of PCB fabrication and other electronics assembly products | $1M FY2025 | — | 71 71 → 72 (+1%) | — | Padma Dantu Co-Founder | — | 1 expansion |
| 23 | Clear Point Instrumentation Provider of printed circuit board repair services | $988K FY2025 | — | 30 30 → 64 (+113%) | WordPressMySQLPHP+21 | — | — | — |
| 24 | Cubix Control Systems Provider of electronics manufacturing services specializing in PCB assembly, plastic molding, and wiring… | $864K FY2025 | — | 37 | SentryGoogle MapsAnimate.css+19 | Geeta Chaudhry Co-Founder | — | — |
| 25 | Multipak Electronics India Designs and manufactures PCBs | $778K FY2019 | $5M | — | — | Purushotham Raju Co-Founder | — | — |
| 26 | Chipware Technologies Company offers VLSI EDA tools, chip design & verification, PCB design, manufacturing fabrication, IT, IOT… | $744K FY2025 | — | 26 | — | — | — | — |
| 27 | Lightons Retailer of LED street lights, flood lights, and high bay lights | $330K FY2025 | — | — | — | Rahul Verma Founder | — | — |
| 28 | Artificialmachines Provider of end-to-end electronic product design, development, and related services | $258K FY2022 | — | 26 | — | — | — | — |
Top 8 Printed Circuit Boards companies in India
#1
Series A · Sonipat, Haryana · founded 2022 · 7 employees$769.1Kraised▾
Manufacturer of kitchen appliances. It is a digital manufacturing platform that provides a one-stop manufacturing solution for product companies and ensures a steady business for its manufacturing partners. It provides the best prices, top quality and reliable lead times for manufacturing services. Customers enjoy a seamless experience for their manufacturing needs. Suppliers enjoy timely payments and working capital access while working through it. Thus, it is enabling a complete ecosystem for product manufacturing, especially in electronics, dealing with PCBA, plastics molding, metal processing, parts, and semiconductor sourcing. ```
- Apr 2026Series A$7M
- Sep 2024Seed$771.8K
- Apr 2022Seed$769.1K
#2
Funding Raised · Bengaluru, Karnataka · founded 1991$4.7Mraised▾
Designs and manufactures PCBs
- Conventional Debt$4.7M
#3
Early Stage · Noida, Uttar Pradesh · founded 1989 · 444 employees$2.4Mraised▾
Provider of electronic manufacturing and PCB assembling services
- Mar 2009Unattributed$891K
- Sep 2006Unattributed$1.5M
#4
Public · Chennai, Tamil Nadu · founded 2000 · 871 employees$441.3Kraised▾
Manufacturer of electronic assemblies and integrated systems for diverse industrial and technical applications. Services include design engineering, prototyping, and volume production of printed circuit board assemblies, cable harnesses, and precision metal components. Capabilities encompass machining, plastic injection molding, and magnetic assembly production. The company provides system integration, functional testing, and supply chain management to support product development and manufacturing requirements across various sectors.
- Jan 2022Grant (prize money)$91K
- Sep 2018Grant (prize money)$350.3K
#5
Funding Raised · Delhi, Delhi · founded 1995 · 16 employees$116.9Kraised▾
Designs and develops PCBs
- Jan 2016Grant (prize money)$116.9K
#6
Seed · Hyderabad, Telangana · founded 2016$64Kraised▾
Manufacturer of electronic hardware and provider of product engineering services. This business offers design, development, and manufacturing services for electronic products. Capabilities include hardware and firmware development, product simulation, and comprehensive testing. The company supports the full product lifecycle from initial concept to final production.
- Dec 2018Angel$64K
#7
Late Stage · Bengaluru, Karnataka · founded 1978 · 275 employees—raised▾
Electronic components and boards for the military. It offers PCB technologies for defense, aerospace, and high-technology customers. Its products include rigid multilayer PCBs, flex and flex-rigid PCBs, and laser-drilled HDI PCBs.
#8
Acquired · Pune, Maharashtra · founded 1979 · 646 employees$1.6Mraised▾
Shogini Technoarts PVT. LTD is a leading manufacturer in the PCB industry, offering high-grade PCBs for various fields such as high-speed computing, telecommunications, defense, and LED lighting. Established in 1979, Shogini Technoarts has expanded its reach beyond domestic borders and is known for its precision PCB manufacturing.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Printed Circuit Boards coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.