ASM Technologies Inks Rs. 250 Crore MoU with Tamil Nadu for ESDM Expansion
ASM Technologies Limited signed an MoU with the Tamil Nadu government to invest Rs. 250 crores for enhancing its Design-Led Manufacturing capabilities in the ESDM sector. The company will acquire 5 acres of land to establish a state-of-the-art design facility. This investment aims to strengthen ASM's position in Tamil Nadu's technology manufacturing ecosystem and expand its design-led manufacturing capabilities. ASM currently operates two manufacturing facilities in Karnataka and Tamil Nadu, serving clients across various industry verticals. The company has a global presence in multiple countries.

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ASM Technologies Limited , a pioneer in Design-Led Manufacturing, has taken a significant step towards expanding its presence in the Electronics System Design and Manufacturing (ESDM) sector. The company recently signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu, committing to invest Rs. 250 crores for enhancing its Design-Led Manufacturing capabilities.
Investment Details and Expansion Plans
As part of the agreement, ASM Technologies will acquire 5 acres of land from the Tamil Nadu government to establish a state-of-the-art design facility. This strategic move is set to bolster the company's position in Tamil Nadu's growing technology manufacturing ecosystem, providing long-term benefits and a competitive edge.
Management's Perspective
Rabindra Srikantan, Managing Director of ASM Technologies Limited, expressed enthusiasm about the MoU, stating, "This Rs. 250 crore investment marks a significant step forward in ASM Technologies' growth journey. We are expanding our design-led manufacturing capabilities in the ESDM sector, strengthening our expertise in precision engineering for electronics, solar industries, and semiconductors."
Preeti Rabindra, Director at ASM Technologies, added, "This initiative reflects our focus on expanding ASM's design-led manufacturing capabilities, creating advanced solutions for the ESDM sector, and building on our strong track record of innovation."
Existing Operations and Future Outlook
ASM Technologies currently operates two state-of-the-art manufacturing facilities:
- Dabaspet, Karnataka
- Sriperumbudur, Tamil Nadu
These facilities serve as core centers of excellence for the company's clients across key industry verticals. The new investment is expected to augment ASM's capabilities in design-led manufacturing and precision engineering, aligning with the Government of India's 'Make in India' initiative.
Global Presence
With over three decades of experience in Engineering Design-led Manufacturing, ASM Technologies has established a global footprint. The company maintains a presence in several countries, including:
- United States
- Singapore
- United Kingdom
- Canada
- Japan
- Thailand
- Mexico
Upcoming Corporate Events
The company has also announced important dates for shareholders:
Event | Date |
---|---|
Record Date | Friday, September 19, 2025 |
Annual General Meeting (AGM) | Friday, September 26, 2025 |
E-voting facilities will be provided to company members, with remote e-voting scheduled from Tuesday, September 23, 2025 (9:00 AM) to Thursday, September 25, 2025 (5:00 PM).
This expansion move by ASM Technologies underscores its commitment to innovation and global competitiveness in the ESDM sector, potentially opening new avenues for growth and excellence in the industry.
Historical Stock Returns for ASM Technologies
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.64% | +23.12% | +66.40% | +265.63% | +188.13% | +6,888.82% |