About Syrma SGS Technology Ltd
Syrma SGS Technology Ltd is an electronic manufacturing services (EMS) company. It specializes in designing and manufacturing various electronic products and solutions. The company operates in the Electronic Manufacturing Services sector. Syrma SGS provides end-to-end solutions from product design to manufacturing.
The company has been in business since 2004, initially starting as Syrma Technology. In 2021, Syrma Technology merged with SGS Tekniks to establish Syrma SGS Technology Ltd. The company is headquartered in Mumbai, Maharashtra, India.
The key promoters of the company include Sandeep Tandon and Jasbir Singh Gujral. They bring extensive experience in the electronics manufacturing industry. Additionally, they are serving as executive chairman and managing director of the company.
The other managerial promoters of the company include:
Syrma SGS's main products include PCBA (Printed Circuit Board Assembly) and Radio Frequency Identification (RFID) products. It also provides electromagnetic and electromechanical parts, and other electronic system design and manufacturing services. The company cater to various industries with its products. This includes the automotive, healthcare, industrial, IT, and consumer electronics sectors.
Syrma SGS is not the #1 player in terms of market capitalization or market share. However, it is a significant player in India's EMS sector. The company has established itself as one of the leading manufacturers in specific segments like RFID. Also, it has strong capabilities in high-mix, low-volume product manufacturing.
The promoter shareholding in Syrma SGS Technology stands at 57.51%. The major shares are owned by Tancom Electronics Private Limited. It holds 35.66% of the total promoter shareholding.
The company's registered office is located at Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri (East), Mumbai - 400093, Maharashtra. KFin Technologies Limited serves as the registrar and transfer agent. The company is governed by a board of directors that includes both executive and independent directors, ensuring proper corporate governance.
One of the most significant impacts of Syrma SGS Technology has been its contribution to India's electronics manufacturing ecosystem. As the country pushes forward with initiatives like "Make in India" and "Digital India," the company has played a crucial role in reducing dependency on electronic imports. Syrma SGS provides end-to-end solutions from product design to manufacturing. Thus, it has helped numerous domestic and international companies localize their electronic manufacturing operations in India.
The company's expertise in PCBA manufacturing has had a substantial impact on various sectors. In the automotive industry, Syrma SGS's components and solutions have contributed to the advancement of electronic systems in vehicles. This supports the industry's transition toward more sophisticated electronic features and electric vehicles. Similarly, in the healthcare sector, the company's precision manufacturing capabilities have enabled the production of critical medical devices and equipment, contributing to the advancement of medical technology in India.
The company's RFID technology solutions have made a significant impact on supply chain management and asset tracking across industries. Syrma SGS has helped businesses improve their operational efficiency, reduce losses, and enhance security measures. This is done by providing both standard and customized RFID solutions.
From an employment perspective, Syrma SGS Technology has created significant job opportunities in the electronics manufacturing sector. The company's operations have generated direct employment and contributed to skill development in advanced electronics manufacturing. This has helped build a skilled workforce capable of supporting India's growing electronics manufacturing industry.
The company's focus on research and development has fostered innovation in the electronic manufacturing space. Syrma SGS offers design services alongside manufacturing capabilities. Thus, it has helped clients optimize their products for both performance and manufacturability. This has contributed to the development of more efficient and cost-effective electronic products.
In terms of economic impact, Syrma SGS has contributed to India's export earnings through its international business. The company's ability to meet global quality standards has helped establish India as a reliable destination for electronic manufacturing services, attracting foreign investments and partnerships.
The merger of Syrma Technology with SGS Tekniks has created a stronger entity capable of handling larger and more complex projects. This consolidation has improved the company's ability to compete with global EMS providers. Also, this has strengthened India's position in the global electronics manufacturing supply chain.
Syrma SGS Technology's impact extends beyond its immediate business operations, touching various aspects of India's industrial and economic landscape. The company has played a vital role in advancing India's electronics manufacturing capabilities, creating employment opportunities, and supporting the country's self-reliance initiatives.
Additionally, they have also helped establish India as a credible player in the global electronics manufacturing industry. This is done through its technological expertise and quality manufacturing practices. The company's success story serves as an example of how Indian manufacturing companies can build global competencies while contributing to national development goals.
The company has been in business since 2004, initially starting as Syrma Technology. In 2021, Syrma Technology merged with SGS Tekniks to establish Syrma SGS Technology Ltd. The company is headquartered in Mumbai, Maharashtra, India.
The key promoters of the company include Sandeep Tandon and Jasbir Singh Gujral. They bring extensive experience in the electronics manufacturing industry. Additionally, they are serving as executive chairman and managing director of the company.
The other managerial promoters of the company include:
- Jaideep Tandon
- Jayesh Doshi
- Kunal Shah
Syrma SGS's main products include PCBA (Printed Circuit Board Assembly) and Radio Frequency Identification (RFID) products. It also provides electromagnetic and electromechanical parts, and other electronic system design and manufacturing services. The company cater to various industries with its products. This includes the automotive, healthcare, industrial, IT, and consumer electronics sectors.
Syrma SGS is not the #1 player in terms of market capitalization or market share. However, it is a significant player in India's EMS sector. The company has established itself as one of the leading manufacturers in specific segments like RFID. Also, it has strong capabilities in high-mix, low-volume product manufacturing.
The promoter shareholding in Syrma SGS Technology stands at 57.51%. The major shares are owned by Tancom Electronics Private Limited. It holds 35.66% of the total promoter shareholding.
The company's registered office is located at Unit No. 601, 6th Floor, Floral Deck Plaza, MIDC, Andheri (East), Mumbai - 400093, Maharashtra. KFin Technologies Limited serves as the registrar and transfer agent. The company is governed by a board of directors that includes both executive and independent directors, ensuring proper corporate governance.
Impact of the Company
Syrma SGS Technology Ltd. has emerged as a significant player in India's electronic manufacturing services landscape. This contributes substantially to the country's electronics manufacturing capabilities. The company's merger of Syrma Technology with SGS Tekniks in 2021 created a stronger entity that has made notable impacts on various industrial sectors and employment generation. It has also pushed India toward electronic manufacturing that made the process self-reliant.One of the most significant impacts of Syrma SGS Technology has been its contribution to India's electronics manufacturing ecosystem. As the country pushes forward with initiatives like "Make in India" and "Digital India," the company has played a crucial role in reducing dependency on electronic imports. Syrma SGS provides end-to-end solutions from product design to manufacturing. Thus, it has helped numerous domestic and international companies localize their electronic manufacturing operations in India.
The company's expertise in PCBA manufacturing has had a substantial impact on various sectors. In the automotive industry, Syrma SGS's components and solutions have contributed to the advancement of electronic systems in vehicles. This supports the industry's transition toward more sophisticated electronic features and electric vehicles. Similarly, in the healthcare sector, the company's precision manufacturing capabilities have enabled the production of critical medical devices and equipment, contributing to the advancement of medical technology in India.
The company's RFID technology solutions have made a significant impact on supply chain management and asset tracking across industries. Syrma SGS has helped businesses improve their operational efficiency, reduce losses, and enhance security measures. This is done by providing both standard and customized RFID solutions.
From an employment perspective, Syrma SGS Technology has created significant job opportunities in the electronics manufacturing sector. The company's operations have generated direct employment and contributed to skill development in advanced electronics manufacturing. This has helped build a skilled workforce capable of supporting India's growing electronics manufacturing industry.
The company's focus on research and development has fostered innovation in the electronic manufacturing space. Syrma SGS offers design services alongside manufacturing capabilities. Thus, it has helped clients optimize their products for both performance and manufacturability. This has contributed to the development of more efficient and cost-effective electronic products.
In terms of economic impact, Syrma SGS has contributed to India's export earnings through its international business. The company's ability to meet global quality standards has helped establish India as a reliable destination for electronic manufacturing services, attracting foreign investments and partnerships.
The merger of Syrma Technology with SGS Tekniks has created a stronger entity capable of handling larger and more complex projects. This consolidation has improved the company's ability to compete with global EMS providers. Also, this has strengthened India's position in the global electronics manufacturing supply chain.
Syrma SGS Technology's impact extends beyond its immediate business operations, touching various aspects of India's industrial and economic landscape. The company has played a vital role in advancing India's electronics manufacturing capabilities, creating employment opportunities, and supporting the country's self-reliance initiatives.
Additionally, they have also helped establish India as a credible player in the global electronics manufacturing industry. This is done through its technological expertise and quality manufacturing practices. The company's success story serves as an example of how Indian manufacturing companies can build global competencies while contributing to national development goals.
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