Cyient , a leading global engineering and technology solutions company, has announced significant expansions to its international operations. The company has established a new semiconductor-focused subsidiary in Singapore and opened a branch in Italy, marking important steps in its global growth strategy.

New Semiconductor Subsidiary in Singapore

Cyient has incorporated a new entity, 'Cyient Semiconductors Singapore Pte. Limited', as a wholly-owned subsidiary of Cyient Semiconductors Private Limited. This strategic move aims to strengthen Cyient's presence in the rapidly growing semiconductor industry in Southeast Asia.

The new subsidiary will focus on engineering design and consultancy activities, as well as research and experimental development in engineering. This expansion aligns with the increasing global demand for semiconductor expertise and positions Cyient to capitalize on opportunities in this critical sector.

European Expansion: New Branch in Italy

In a parallel development, Cyient Europe Limited, a wholly-owned subsidiary of Cyient, has established a new branch in Italy. This move extends Cyient's European footprint and enhances its ability to serve clients in the Italian market.

Strategic Global Growth

These expansions underscore Cyient's commitment to global growth and its strategy to enhance its presence in key markets. By establishing specialized entities and branches in strategic locations, Cyient is positioning itself to better serve its international clientele and tap into new business opportunities.

Krishna Bodanapu, Executive Vice Chairman and Managing Director of Cyient, commented on the company's recent financial performance, stating, "We have seen robust growth in our revenue from contracts with customers, which reached ₹17,118 million for the quarter ended June 30, compared to ₹16,757 million in the same quarter last year."

Financial Highlights

For the quarter ended June 30, Cyient reported:

• Revenue from contracts with customers: ₹17,118 million
• Net profit for the period (before tax and exceptional items): ₹2,136 million
• Total comprehensive income: ₹2,303 million

These financial results demonstrate Cyient's continued growth and profitability, supporting its strategic expansions in Singapore and Italy.

As Cyient continues to expand its global presence and diversify its service offerings, the company is well-positioned to leverage emerging opportunities in the engineering and technology solutions market worldwide.

Cyient Ltd , a global engineering and technology solutions company, has announced a strategic expansion of its semiconductor business through the establishment of a new entity in Singapore. The company's wholly-owned subsidiary, Cyient Semiconductors Private Limited, has incorporated 'Cyient Semiconductors Singapore Pte. Limited' to strengthen its foothold in the semiconductor industry.

Key Highlights

• Cyient Semiconductors Private Limited has incorporated a new entity in Singapore
• The new company, Cyient Semiconductors Singapore Pte. Limited, is a wholly-owned subsidiary
• Focus on engineering design, consultancy, and research in the semiconductor industry
• 100% shareholding through cash subscription to share capital

Strategic Expansion

The incorporation of Cyient Semiconductors Singapore Pte. Limited marks a significant step in Cyient's efforts to expand its semiconductor capabilities. Singapore, known for its robust semiconductor ecosystem and strategic location in Asia, provides an ideal platform for Cyient to enhance its presence in this critical sector.

Business Focus

According to the company's filing, the new entity will concentrate on:

1. Engineering design and consultancy activities
2. Research and experimental development in the semiconductor industry

This focus aligns with the growing demand for advanced semiconductor solutions across various industries, including automotive, consumer electronics, and telecommunications.

Financial Details

As a newly incorporated entity, Cyient Semiconductors Singapore Pte. Limited currently has no turnover or size metrics to report. The company's establishment was completed through a cash subscription to share capital, demonstrating Cyient's commitment to investing in its semiconductor business.

Industry Impact

The semiconductor industry has been experiencing significant growth and challenges, including supply chain disruptions and increasing demand for advanced chips. Cyient's expansion into Singapore positions the company to capitalize on these market dynamics and contribute to the industry's development.

Company's Global Footprint

This move follows Cyient's recent expansion in Europe, where its wholly-owned subsidiary, Cyient Europe Limited, set up a branch in Italy. These strategic expansions underscore Cyient's commitment to strengthening its global presence and diversifying its service offerings.

Cyient's expansion in the semiconductor space through this new Singapore entity reflects the company's strategic vision to capitalize on the growing opportunities in the global semiconductor market. As the industry continues to evolve, Cyient is positioning itself as a key player in providing engineering design, consultancy, and research services to meet the increasing demand for semiconductor solutions worldwide.