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Syrma SGS Technology Reviews

Chennai, Tamil Nadu

5.0/ 5

1 review

Syrma SGS Technology Limited is a Chennai-based electronics manufacturing services (EMS) company providing comprehensive engineering, design, and manufacturing solutions. Formed through the strategic merger of Syrma (a Tandon Group company founded in 2015 with deep roots tracking back to the 1970s) and SGS Tekniks (established in the early 1990s), the company brings together over four decades of collective industry experience. Syrma SGS operates as a prominent player in India’s Electronics System Design and Manufacturing (ESDM) sector, specializing in high-mix, flexible-volume production tailored for high-margin and high-growth business-to-business (B2B) clients globally. The company's core product and service portfolio encompasses product engineering services (including concept design, development, verification, and validation), rapid prototyping, and full-system integration services, often referred to as "Box Builds" (incorporating firmware/software loading, validation, and custom packaging). Its extensive manufacturing capabilities feature the production of Printed Circuit Board Assemblies (PCBA), electromagnetic and electromechanical components, custom magnetic products (such as chokes, inductors, and transformers), power supplies, adapters, fiber optic assemblies, and specialized Radio-Frequency Identification (RFID) tags and readers used in applications like FASTag. Syrma SGS strategically serves diverse, mission-critical end-use industries, including Automotive & EV mobility, Industrial Electronics, Healthcare & MedTech, Consumer Electronics, Railways, and IT. Key clients include major market leaders such as TVS Motor Company Ltd. and A. O. Smith India Water Products Pvt. Ltd. To sustain profitability, the company has executed a conscious structural shift away from low-margin consumer electronics toward higher-margin verticals, boosting operating EBITDA margins significantly. The firm maintains a robust infrastructure footprint consisting of 12 world-class manufacturing facilities across India (including a new PCBA facility in Pune and an upcoming advanced Printed Circuit Board facility in Naidupeta, Andhra Pradesh), alongside one international plant in Germany and R&D centers located in Chennai, Bangalore, Gurgaon, and Stuttgart. Backed by a workforce of approximately 6,000 employees—of which nearly 60% are women—the company actively emphasizes workplace diversity, lean manufacturing, and sustainability, as evidenced by its 2026 EcoVadis Gold Rating for sustainability. Financially, Syrma SGS is publicly listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker SYRMA. The company maintains a healthy, diversified forward order book of approximately ₹5,800 crore, supported by strategic partnerships, framework contracts, and focused mergers and acquisitions. Recent expansions include the acquisition of a 51% stake in Syrma Johari MedTech Limited to bolster its healthcare presence, a 60% majority stake in Elcome Integrated Systems to expand into Defence and Maritime electronics, and a joint venture with Japan's Kaga Electronics to establish a state-of-the-art facility focusing on Japanese clients, positioning Syrma SGS as a key enabler of India’s self-reliant electronics hub.