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Syrma SGS Technology Appoints Sudeep Tandon as Non-Executive Director, Jaideep Tandon Steps Down Sep 26, 2025

Syrma SGS Technology Limited announced changes to its board of directors at its 21st Annual General Meeting. Sudeep Tandon, Managing Director of Infinx Services Private Limited, was appointed as a Non-Executive Non-Independent Director, replacing Jaideep Tandon who retired by rotation. Sudeep Tandon, brother of Sandeep Tandon, brings experience from various technology roles including his previous position as Chief Business Officer at Freecharge. The AGM, conducted via video conferencing, also addressed key resolutions including financial statements adoption, dividend declaration, and approval for raising funds through preferential issue to qualified institutional investors.

Syrma SGS Technology Secures Andhra Pradesh Approval for INR 1,595 Crore Joint Venture Sep 10, 2025

Syrma SGS Forms Joint Venture with Italy's Elemaster, Targets ₹200 Crore Revenue by FY27 Sep 03, 2025

Syrma SGS Technology Forms Strategic Joint Venture with Italy's Elemaster Sep 01, 2025

Syrma SGS shares worth ₹2,618 crore become eligible for trading as lock-in period ends Aug 25, 2025

More news about Syrma SGS

13Aug 25

Syrma Johari Medtech Chairman Satyendra Johari Passes Away at 77

Satyendra Johari, Chairman and Managing Director of Syrma Johari Medtech Limited, a subsidiary of Syrma SGS Technology Limited, passed away on August 8, 2025, at the age of 77. The Board of Syrma Johari Medtech Limited will take steps to ensure operational continuity. Meanwhile, the parent company, Syrma SGS Technology Limited, recently completed a successful QIP, raising approximately ₹10,000.00 million by issuing 14,306,151 equity shares at ₹699.00 per share. The QIP saw significant participation from various institutional investors, with several entities being allotted more than 5% of the offered equity shares.

10Aug 25

Syrma SGS Technology Subsidiary Chairman Satyendra Johari Passes Away at 77

Syrma SGS Technology Limited announced the passing of Mr. Satyendra Johari, Chairman and Managing Director of its subsidiary Syrma Johari Medtech Limited (SJML), on August 8, 2025. Mr. Johari, 77, was the founder of SJML, formerly known as Johari Digital Healthcare Limited. The company informed stock exchanges through a regulatory filing on August 10, 2025. SJML's board will take steps to ensure operational continuity. The disclosure was made in compliance with SEBI regulations.

08Aug 25

Syrma SGS Technology Launches Rs 1,000 Crore QIP Amid Strong Quarterly Performance

Syrma SGS Technology, an electronics manufacturing services company, has initiated a Qualified Institutional Placement (QIP) to raise Rs 1,000 crore, resulting in a 7.43% equity dilution. The QIP's floor price is set at Rs 735.61 per share. Concurrently, the company reported a 157.51% increase in consolidated net profit to Rs 49.70 crore and a 90.75% rise in EBITDA to Rs 86.60 crore for the recent quarter. Despite these gains, consolidated revenue decreased by 18.62% to Rs 944.00 crore.

07Aug 25

Syrma SGS Technology Launches QIP with ₹735.61 Floor Price

Syrma SGS Technology has initiated a Qualified Institutional Placement (QIP) of equity shares, setting a floor price of ₹735.61 per share. The company may offer up to a 5% discount on this price. The QIP follows board and shareholder approvals from earlier dates. The company has filed preliminary placement documents with BSE and NSE, designating August 7, 2025, as the 'relevant date'. A trading window closure for designated persons has been announced from August 7, 2025, until 48 hours after the final issue price determination.

05Aug 25

Syrma SGS Technology Announces Leadership Changes: Komal Malik Resigns, Bhabagrahi Pradhan Appointed as New Company Secretary

Syrma SGS Technology Limited has appointed Mr. Bhabagrahi Pradhan as the new Company Secretary, Compliance Officer, and Key Managerial Personnel, effective August 5, 2025. This follows the resignation of Mrs. Komal Malik from the same position on July 30, 2025. Mr. Pradhan, with 25 years of experience, is a fellow member of ICSI, associate member of ICWAI, and a law graduate. He has worked across various sectors including NBFC, pharmaceuticals, textiles, IT, cement, and power. The company has informed the National Stock Exchange of India Limited and BSE Limited about these changes in compliance with SEBI regulations.

29Jul 25

Syrma SGS Reports Strong Q1 FY26 Results with 75% EBITDA Growth, Announces PCB Manufacturing JV

Syrma SGS Technology Limited reported robust Q1 FY26 results with significant year-on-year growth. EBITDA increased by 75% to ₹96.00 crores, PAT grew by 145% to ₹50.00 crores, and EBITDA margins improved from 5.20% to over 10.00%. Export revenue grew by 29% to ₹232.00 crores. The company's business mix shifted towards higher-margin segments, with automotive and industrial segments increasing their share. Syrma SGS also announced a joint venture for PCB manufacturing with a planned Phase-1 CAPEX of $91 million over 3-4 years, targeting 12-15% EBITDA margins. The company projects 30-35% revenue growth for FY26 with EBITDA margins of 8.50-9.00%. The order book stands at approximately ₹5,400.00-5,500.00 crores.

26Jul 25

Syrma SGS Technology Unveils Robust Growth Strategy in Corporate Presentation

Syrma SGS Technology, a leading Indian electronics manufacturing services (EMS) company, has released a corporate presentation showcasing robust financial performance and strategic growth initiatives. The company reported revenue of INR 37,867.00 million for FY25, with a 10.00% CAGR from FY22-25. EBITDA reached INR 3,238.00 million, with an improved margin of 8.60%. Syrma SGS operates across diverse verticals including consumer (35.60%), industrials (28.40%), automotive & electric mobility (21.70%), healthcare & medical devices (7.70%), and railways & IT (6.60%). With 18 global facilities and over 300 customers in 20+ countries, the company is focusing on strengthening non-consumer verticals, expanding into high-growth segments, enhancing its export profile, and pursuing backward integration through a joint venture in PCB manufacturing.

26Jul 25

Syrma SGS Targets 8.5-9% EBITDA Margin and 30%+ Revenue Growth in FY26 Amid Strategic Shift

Syrma SGS, a leading electronics manufacturing services company, has set ambitious growth targets for FY26, aiming for over 30% revenue growth and 8.5-9% EBITDA margins. Despite a 18% revenue decline in Q1, the company expects 35-40% growth in the next three quarters. Syrma SGS has strategically shifted its revenue mix towards higher-margin automotive and industrial sectors. The company's shares closed 1.07% higher at Rs 706.70 on NSE, reflecting positive investor sentiment. Upcoming investor roadshows in Singapore and Mumbai have been announced.

25Jul 25

Syrma SGS Technology Reports 88% Utilization of IPO Proceeds for Quarter Ended June 30, 2025

Syrma SGS Technology Limited has utilized 88% (Rs 6,387.25 million) of its Rs 7,257.22 million IPO proceeds as of June 30, 2025. The funds were allocated for capital expenditure and manufacturing facility expansion (78.71% utilized), working capital requirements (99.95% utilized), and general corporate purposes (99.40% utilized). During the quarter ended June 30, 2025, the company spent Rs 134.62 million on capital expenditure projects. CRISIL Ratings Limited reported no deviations from stated objectives. The remaining Rs 869.97 million is deployed in fixed deposits and monitoring agency accounts.

25Jul 25

Syrma SGS Technology to Host Non-Deal Roadshows in Singapore and Mumbai

Syrma SGS Technology Limited plans non-deal roadshows in Singapore (July 28-29, 2025) and Mumbai (July 30-August 1, 2025), organized by DAM Capital, Kotak Securities, and JM Financial. The company will discuss public information only. Syrma SGS also reported Q1 FY2026 results with consolidated total income of ₹9,439.80 crore and net profit after tax of ₹499.20 crore.

23Jul 25

Syrma SGS Tech Reports Q1 Profit Surge Amid Revenue Decline

Syrma SGS reported a mixed financial performance for Q1 FY2025. The company's consolidated net profit more than doubled to ₹497.00 crore from ₹193.00 crore in the previous year. However, revenue declined by 19% to ₹940.00 crore from ₹1,160.00 crore. The Board of Directors approved the unaudited financial results on July 23, 2025, for the quarter ended June 30, 2025.

15Jul 25

Syrma SGS Forms Strategic Partnership with South Korea's Shinhyup Electronics for Advanced PCB Production

Syrma SGS Technology Limited has entered into a joint venture agreement with South Korea's Shinhyup Electronics Co. Ltd to enhance its Printed Circuit Board (PCB) manufacturing capabilities. Syrma SGS will hold a 75% stake in the venture, focusing on multi-layer and flexible PCBs. The partnership aims to leverage South Korean expertise, expand product offerings, and strengthen Syrma SGS's position in the electronics manufacturing services sector. Syrma SGS will have the right to appoint the majority of directors on the joint venture's board.

10Jul 25

Syrma SGS Confirms Progress on ₹1,800-crore PCB Plant in Andhra Pradesh

Syrma SGS has addressed market rumors by confirming that its planned ₹1,800-crore Printed Circuit Board (PCB) manufacturing plant project in Andhra Pradesh is proceeding as intended. The company's investment in this state-of-the-art facility underscores its strategic vision to strengthen its position in the electronics manufacturing industry. The project is expected to contribute to Andhra Pradesh's industrial growth, create employment opportunities, and align with India's push for self-reliance in electronics manufacturing.

23May 25

Syrma SGS Technology Partners with Dynabook for Laptop Manufacturing in India

Syrma SGS Technology Ltd has formed a strategic partnership with Dynabook Singapore Pte Ltd to manufacture laptops in India. This is Syrma SGS's second global brand partnership this year, aligning with the 'Make in India' initiative. The company will produce Dynabook's laptop portfolio for enterprise customers and commercial channels across India. This move is expected to diversify Syrma SGS's product range, enhance its market position, potentially increase revenue, and provide access to advanced manufacturing technologies.

14May 25

Syrma SGS Tech Reports Strong Q4 Results, Announces Dividend and Ambitious Growth Plans

Syrma SGS Tech's Q4 net profit soared 86.86% YoY to ₹654 million, despite an 18.87% revenue decline. The company declared a ₹1.50 per share dividend and plans to raise up to ₹10 billion. It targets 30-35% revenue growth in FY26, focusing on smart metering and healthcare segments. The firm aims for 8% EBITDA margins, ₹1,000 crore in exports, and is considering acquisitions.

13May 25

Syrma SGS Technology Announces Plans to Raise Up to ₹1,000 Crore Through QIP

Syrma SGS Technology has announced plans to raise up to ₹1,000 crore through a Qualified Institutional Placement (QIP) or other methods. This significant fundraising initiative aims to strengthen the company's financial position, potentially supporting growth, expansion, or other strategic initiatives. While specific use of funds is not detailed, possible areas of investment could include production expansion, R&D, acquisitions, debt reduction, or working capital enhancement.

13May 25

Syrma SGS Tech Reports Strong Q4 Profit Growth and Announces Dividend

Syrma SGS Tech, an electronics manufacturing services company, announced its Q4 FY2024 results with mixed performance. Consolidated net profit rose 86.86% year-over-year to ₹654.00 million, while revenue decreased 18.87% to ₹9.20 billion. EBITDA increased to ₹1.16 billion, with margin improving to 12.52%. The company recommended a dividend of ₹1.50 per equity share. Year-end figures show significant improvements in profitability metrics, with net profit more than doubling compared to the previous year.

06May 25

Syrma SGS Technology to Consider Fund Raising via QIP

Syrma SGS Technology's board will meet on May 13, 2023, to discuss raising funds through a Qualified Institutional Placement (QIP). This electronic manufacturing services company's move could strengthen its financial position. QIPs allow listed companies to issue equity shares or convertible securities to Qualified Institutional Buyers, offering a quick and efficient way to access capital markets. While the specific purpose of the potential fund-raising is undisclosed, it could be used for expansion, debt reduction, working capital, or technology upgrades.