Company lists
The India edition · 2026

Printed circuit boardscompanies in India

PCB manufacturers, PCB assembly, PCB design, components, IoT & embedded and more: the companies building printed circuit boards in India, with their founders, funding, team size and business models.

232 company profiles66 with reported revenue2 with recorded fundingOctober 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent printed circuit boards business events in India

Funding, M&A, contract wins and launches involving 267 printed circuit boards companies in India, last 24 months: 5 M&A deals · 1 Contract · 1 funding round. 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
M&AAcquisition · Completed

Bcc fuba india acquires Iogems Technologies Private Limited

BCC Fuba India Limited has successfully completed the acquisition of a majority stake in Iogems Technologies Private Limited, marking a strategic expansion into the Electronic…

Electronic Manufacturing Services
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
M&AMerger · Completed

Syrma acquires Sgs tekniks

In 2021, Syrma and SGS Tekniks operationally merged (though technically, it was an acquisition), creating a powerhouse in the EMS industry.

EMS

Printed circuit boards companies in India, by revenue

Browse printed circuit boards 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 66 printed circuit boards 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

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

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
1,833+6% 12 mo to Mar 2024LinkedIn · Oct 2026
26 yr2000
0none in 3 months

Manufacturer of consumer electronics and components

Printed circuit boards
₹906.78 crFY 2024-25
-1%2024–2025
373LinkedIn · Oct 2026
23 yr2003
0none in 3 months · last posted Jun 2026

Manufacturer of printed electronics and advanced sensing technologies for diverse industries

Auto components
₹680.12 crFY 2024-25
+41%2024–2025
494LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted Jul 2026

Provider of supply chain,PCB designing, mechanical assembling, system integration, and engineering services

Manufacturing services
₹628.92 crFY 2022-23
Not reported
342+15% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of electronic manufacturing and PCB assembling services

Electronic manufacturing services
₹308.48 crFY 2024-25
+14%2024–2025
233-12% 12 mo to Sep 2024LinkedIn · Oct 2026
37 yr1989
0none in 3 months

Manufacturer of printed circuit boards

Printed circuit boards
₹260.09 crFY 2024-25
+24%2024–2025
406LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Apr 2026

Manufacturer of PCB assembly

Printed circuit boards
₹181.34 crFY 2024-25
+35%2024–2025
1-9% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

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

Contract manufacturers
₹159.22 crFY 2024-25
+37%2024–2025
14LinkedIn · Jul 2026
44 yr1982
0none in 3 months

Manufacturer of PCBs

Printed circuit boards
₹149.13 crFY 2024-25
+18%2024–2025
285+4% 12 mo to Sep 2024LinkedIn · Jul 2026
42 yr1984
0none in 3 months

Electronic components and boards for the military

Printed circuit boards
₹80.19 crFY 2022-23
Not reported
108+24% 12 mo to Sep 2024LinkedIn · Oct 2026
48 yr1978
0none in 3 months · last posted Apr 2026

Manufacturer of PCBs

Printed circuit boards
₹77.14 crFY 2022-23
Not reported
160-2% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
—No postings tracked

Manufacturer of terminals, power cords, PCB assembly, and electronic wires

Electronic components
₹59.42 crFY 2024-25
-10%2024–2025
—Not available
21 yr2005
0none in 3 months

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

Electronic manufacturing services
₹54.04 crFY 2024-25
+127%2024–2025
72LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jul 2026

Manufacturer & supplier of electronic components and PCBs

Printed circuit boards
₹46.79 crFY 2022-23
Not reported
236-13% 12 mo to Sep 2024recorded Sep 2024
20 yr2006
—No postings tracked

Manufacturer of kitchen appliances

Electronic manufacturing services
₹38.38 crFY 2024-25
+220%2024–2025
42LinkedIn · Jul 2026
4 yr2022
1postings · last posted Sep 2026

Manufacturer of single-sided printed circuit boards

Printed circuit boards
₹37.15 crFY 2024-25
+2%2024–2025
44LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Distributor dealing with mil grade connectors and components for semiconductor systems

Electronic manufacturing services
₹34.76 crFY 2024-25
+119%2024–2025
60+28% 12 mo to Sep 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Producer & manufacturer of PCB & LED lighting division and electronics

Printed circuit boards
₹30.00 crFY 2021-22
Not reported
—Not available
26 yr2000
—No postings tracked

Manufacturer of multi-layer printed circuit boards

Printed circuit boards
₹30.38 crFY 2024-25
+25%2024–2025
36LinkedIn · Oct 2026
37 yr1989
0none in 3 months

Manufacturer of PCBs

Printed circuit boards
₹28.65 crFY 2022-23
Not reported
12+0% 12 mo to Mar 2023LinkedIn · Oct 2026
36 yr1990
0none in 3 months

Provides PCB designing services

Printed circuit boards
₹26.11 crFY 2024-25
+19%2024–2025
254+7% 12 mo to Sep 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months · last posted Apr 2026

Manufacturer of PCB

Printed circuit boards
₹21.86 crFY 2024-25
+111%2024–2025
53+61% 12 mo to Sep 2024recorded Sep 2024
5 yr2021
0none in 3 months

AOI Automated Optical Inspection | SMT Inspection Machine | PCBA Testing - Kyoritsu Electric

Printed circuit boards
₹18.63 crFY 2021-22
Not reported
94+40% 12 mo to Feb 2024recorded Feb 2024
—
—No postings tracked

Provider of electronic product engineering and manufacturing services, specializing in printed circuit board assemblies

Printed circuit boards
₹20.94 crFY 2024-25
+9%2024–2025
230+33% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months
50 of 232 companies shown here · the full list is on Radar
Fliar Radar

Explore all 232 printed circuit boards companies in India on Radar

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

Open printed circuit boards in India on Radar
  • Every company, not just 50All 232 printed circuit boards 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 printed circuit boards companies in India by what you are looking for

Find printed circuit board manufacturers in India, from PCB fabrication and assembly to design services and electronic manufacturing. Browse the top printed circuit boards companies in India and PCB startups by what they make.

9 ways to explore printed circuit boards in India

Printed circuit board manufacturersPCB assembly & electronic manufacturing servicesPCB design & prototyping servicesElectronic components & connectorsIoT & embedded hardware developmentFlexible & printed electronics

Printed circuit board manufacturers

Companies that fabricate and supply printed circuit boards.

  1. SGS Tekniks

    Offers contract electronic manufacturing and PCB assembling services

    Electronic manufacturing services
    See in list
  2. Avalon

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

    Electronic manufacturing services
    See in list
  3. INDIC

    Provider of supply chain,PCB designing, mechanical assembling, system integration, and engineering services

    Manufacturing services
    See in list
  4. Epitome Components

    Manufacturer of printed circuit boards

    Printed circuit boards
    See in list
  5. Nalux

    Manufacturer of PCB assembly

    Printed circuit boards
    See in list

PCB assembly & electronic manufacturing services

Contract manufacturers offering PCB assembly, box building and EMS.

  1. SGS Tekniks

    Offers contract electronic manufacturing and PCB assembling services

    Electronic manufacturing services
    See in list
  2. Avalon

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

    Electronic manufacturing services
    See in list
  3. Genus Electrotech

    Manufacturer of consumer electronics and components

    Printed circuit boards
    See in list
  4. 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
  5. Mekr Technologies

    Manufacturer of kitchen appliances

    Electronic manufacturing services
    See in list

PCB design & prototyping services

Teams offering PCB design, simulation, prototyping and embedded engineering.

  1. Artificialmachines

    Provider of end-to-end electronic product design, development, and related services

    Printed circuit boards
    See in list
  2. INNOVIX SYSTEMS

    Offers PCB design, assembling and fabrication services

    Semiconductor design and manufacturing services
    Website
  3. Copper Tracks

    Provider of electronic components, PCB prototyping, and 3D designing services

    Printed circuit boards
    Website
  4. Indrainsignia

    Provider of embedded systems and radio frequency engineering design services

    Electronic manufacturing services
    Website
  5. Redict Electronics

    Company offers customized embedded system designs and FPGA system designing services to clients across various industries

    Printed circuit boards
    Website

Electronic components & connectors

Suppliers of electronic components, connectors, cables and related parts.

  1. Noble Group

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

    Contract manufacturers
    See in list
  2. Mekr Technologies

    Manufacturer of kitchen appliances

    Electronic manufacturing services
    See in list
  3. Zreyah Semiconductor Systems

    Distributor dealing with mil grade connectors and components for semiconductor systems

    Electronic manufacturing services
    See in list
  4. besmak components private limited

    Fuse Cover Cable Tie And Cable Clips, Automobile Connectors - General & PCB Connectors Manufacturer offered by Besmak Components Private Limited from Kanchipuram, Tamil Nadu, India

    Printed circuit boards
    Website
  5. Nextech Electronics

    Manufacturer of PCBs and electronic components for defense, space, military, and other industries

    Printed circuit boards
    Website

IoT & embedded hardware development

Companies building IoT devices and embedded hardware and software products.

  1. Glide Technology

    Product Engineering, Embedded Hardware & Software Development | Glide Technology

    Iot services
    See in list
  2. MASTERPCB.com

    Manufactures and develops PCBs

    Printed circuit boards
    Website
  3. Tachlog

    Manufacturer of PCB designer, electronic circuits, and 3d printed models

    Printed circuit boards
    Website
  4. Artificialmachines

    Provider of end-to-end electronic product design, development, and related services

    Printed circuit boards
    See in list
  5. Noble Group

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

    Contract manufacturers
    See in list

Flexible & printed electronics

Makers of flexible circuits, conductive inks and printed sensors.

  1. Terbopower

    Provider of electronic product repair and testing services

    Printed circuit boards
    Website
  2. PELECTRO

    Manufacturer of PCB designing, fabrication, and assembly

    Printed circuit boards
    Website
  3. Protolab Electrotechnologies

    Manufacturer & supplier of flexible membrane switch and keyboard

    Printed circuit boards
    Website
  4. Thuse Elektronics

    Manufacturer of voltage protector and PCBs

    Printed circuit boards
    See in list

Listed printed circuit boards companies

Publicly listed PCB and electronics manufacturing companies in India.

  1. Avalon

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

    Electronic manufacturing services
    See in list
  2. Fine-Line Circuits

    Manufacturer of multi-layer printed circuit boards

    Printed circuit boards
    See in list
  3. BCC Fuba

    Manufacturer of PCBs

    Printed circuit boards
    See in list
  4. AT&S

    AT&S has become the technology leader in the PCB industry with Core businesses of Mobile Devices, Automotive, Industrial, Medical, Aviation, and Advanced Packaging.

    Printed circuit boards
    Website
  5. Linaks Microelectronics

    Linaks Microelectronics Ltd operates in the electronic component industry. The company has a single product which is a Printed Circuit Board.

    Printed circuit boards
    Website
5 companies in India

Printed circuit board startups in India

Newer PCB and electronics companies founded in India in recent years.

  1. Mekr Technologies

    Manufacturer of kitchen appliances

    Electronic manufacturing services
    See in list
  2. Maslight India Technologies

    Manufacturer of PCB

    Printed circuit boards
    See in list
  3. Snaes Industries

    Manufacturer of PCBs and electronic products

    Printed circuit boards
    See in list
  4. Karyteck Fastline Solutions

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

    Electronic manufacturing services
    See in list
  5. PCB Must Innovations

    Provider of electronics circuit PCB designing services

    Printed circuit boards
    Website
33 companies in India

Printed circuit boards companies hiring in India

PCB companies in India with open jobs.

  1. Genus Electrotech

    Manufacturer of consumer electronics and components

    Printed circuit boards
    See in list
  2. Naxnova

    Manufacturer of printed electronics and advanced sensing technologies for diverse industries

    Auto components
    See in list
  3. Epitome Components

    Manufacturer of printed circuit boards

    Printed circuit boards
    See in list
  4. Hi-Q Electronics

    Electronic components and boards for the military

    Printed circuit boards
    See in list
  5. 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
15 companies in India
The business behind the activity

Printed circuit boards financials in India

Revenue, profit and growth from the filed annual accounts of 66 printed circuit boards companies in India for FY24-25 — 71 of the 232 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 66% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,004.99 cr

66 companies filing accounts

combined net profit₹353.01 cr

5.9% aggregate margin

are profitable88%

58 of 66 companies

median revenue~₹10.3 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five66%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,872.51 crFY19-2046 filers
₹2,162.62 crFY20-2149 filers
₹2,795.98 crFY21-2251 filers
₹4,260.66 crFY22-2360 filers
₹4,879.42 crFY23-2465 filers
₹6,004.99 crFY24-2566 filers

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

Like-for-like

The same 57 companies over three years

+41%
FY22-23₹4,257.74 cr₹272.86 cr net
FY23-24₹4,839.73 cr₹278.17 cr net
FY24-25₹5,992.83 cr₹352.76 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 cr967% profitable
₹1–10 cr2483% profitable
₹10–100 cr2295% profitable
₹100–1,000 cr10100% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking17
0–20%18
20–50%11
50–100%6
Doubled+11

63 companies with accounts for both years; median growth +17%.

Profitability

Profit is concentrated at the top

58profitable
8loss-making
5.9%aggregate margin
3.1%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
Mekr TechnologiesMEKR TECHNOLOGIES PRIVATE LIMITED+220%₹38.38 cr
AreteARETE MANUFACTURING SERVICES PRIVATE LIMITED₹39.39 cr
Thinksemi infotechTHINKSEMI INFOTECH LIMITED+127%₹54.04 cr
Swift Electrocomp SolutionsSWIFT ELECTROCOMP SOLUTIONS PRIVATE LIMITED
Zreyah Semiconductor SystemsZREYAH SEMICONDUCTOR SYSTEMS PRIVATE LIMITED+119%₹34.76 cr
Smart-WavesSMART-WAVES TECHNOLOGIES PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
General DatumGENERAL DATUM PRODUCT DESIGN PRIVATE LIMITED
Zreyah Semiconductor SystemsZREYAH SEMICONDUCTOR SYSTEMS PRIVATE LIMITED18.0%₹34.76 cr
Thinksemi infotechTHINKSEMI INFOTECH LIMITED17.2%₹54.04 cr
Hi-Q ElectronicsHI-Q ELECTRONICS PRIVATE LIMITED15.7%₹136.03 cr
Roots EMSROOTS MULTI CLEAN LIMITED12.4%₹421.25 cr
ICLINDIA CIRCUITS PRIVATE LIMITED11.7%₹97.62 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Printed circuit boards49₹2,650.25 cr~₹7.0 cr84%5.7%
Electronic manufacturing services12₹2,497.93 cr~₹26.7 cr100%6.7%
Leaders

Largest printed circuit boards companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
SGS TekniksSgs Tekniks Manufacturing Private Limited₹1,348.96 cr₹89.07 cr6.6%+19%
Genus ElectrotechGENUS ELECTROTECH LIMITED₹906.78 cr₹16.11 cr1.8%-1%
AvalonAvalon Technologies Limited₹658.74 cr₹50.57 cr7.7%+43%
INDICINDIC EMS ELECTRONICS PRIVATE LIMITED₹625.42 cr₹27.45 cr4.4%+71%
Roots EMSROOTS MULTI CLEAN LIMITED₹421.25 cr₹52.37 cr12.4%+17%
EITPLEAST INDIA TECHNOLOGIES PRIVATE LIMITED.₹308.48 cr₹6.59 cr2.1%+14%
Epitome ComponentsEPITOME COMPONENTS PRIVATE LIMITED₹260.09 cr₹17.31 cr6.7%+24%
NaluxNALUX ELECTRONICS PRIVATE LIMITED₹181.34 cr₹7.86 cr4.3%+35%
Noble GroupNOBLE MOULDS PRIVATE LIMITED₹159.22 cr₹38.97 lakh0.2%+37%
MicropackMICROPACK PRIVATE LIMITED₹149.13 cr₹15.90 cr10.7%+18%
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 printed circuit boards 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 printed circuit boards 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

Printed circuit boards funding and M&A across India

4 recorded equity rounds have gone to 267 printed circuit boards 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 months1

US$7.04m

equity rounds, last 24 months1

US$7.04m

raised over five yearsUS$8.58m

3 rounds in India

M&A deals, India5

last 24 months

Capital by year

Equity funding into printed circuit boards in India

amount rounds
$64k20181
$769k20221
$772k20241
$7.0m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$772k across 1 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

SeedUS$1.54m2 rounds · median US$770k
Series AUS$7.04m1 rounds · median US$7.04m
Where the money went · five years

Most-funded sub-sectors

Electronic manufacturing servicesUS$8.58m3 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

3Acquisition
2Merger

Most active acquirers

  1. Avalon3
  2. Bcc fuba india1
  3. Syrma1

Most acquired or merged

  1. Iogems Technologies Private Limited1
  2. YOOV Group Holding Limited1
  3. Gli1
  4. Gaming Laboratories International1
  5. Sgs tekniks1

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

Founders and momentum in India

Meet the people behind printed circuit boards companies in India. 46 of 232 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India printed circuit boards companies by sub-sector

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

Keep exploring printed circuit boards in India and nearby markets.

Coming soon