S
Syrma SGS Technology
Electronics Manufacturing Services – Syrma Technology
About Syrma SGS Technology
The story of Syrma SGS Technology is a playbook in strategic consolidation. It began in 2004 when Syrma Technology was incorporated in Chennai, focusing on electronics manufacturing services (EMS). The company quietly built its expertise in precision manufacturing for various industries. A pivotal chapter unfolded in November 2020, when Syrma, a Tandon Group company, announced a merger with SGS Tekniks, a firm founded by Jasbir Singh Gujral with a strong foothold in the automotive and industrial sectors in North India. This cash-and-stock deal created a combined entity with a turnover of over ₹10 billion, significantly expanding its manufacturing footprint and client base across the US and Europe without much overlap. The newly formed Syrma SGS Technology didn't stop there. In 2021, it acquired Perfect ID to bolster its RFID capabilities and a majority stake in Johari Digital Healthcare in 2023, venturing into the medical technology space. This period of rapid expansion culminated in a major milestone: on August 26, 2022, Syrma SGS Technology went public with an IPO on the Bombay Stock Exchange and National Stock Exchange. This move provided the capital for further capacity and capability expansion, cementing its position as a key player in India's electronics design and manufacturing landscape.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 1978
- Headquarters
- Chennai, India
- Employees
- 2,624
- Open positions
- None listed
- Dealroom signal
- 90.7/100
- Industry
- Energy, Semiconductors
- Sector
- Energy, Semiconductor Designers and Manufacturers
- Technology
- Deep Tech
- Client focus
- b2b
- Investment activity
- 3 companies, latest Dec 2025
- Capital deployed
- $9.5M
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning Syrma SGS Technology.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| IPO✓Exit | Aug 2022 | $105M | — | Undisclosed | ↗ |
| LATE VC✓Equity / VC | Jul 2022 | $32M | $127M | Bandhan Mutual Fund · Nomura · BNP Paribas · Tata Mutual Fund | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Syrma SGS Technology is 210 monthly website visits, up 0% over the last three months. Syrma SGS Technology's team grew 108.9% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Elcome Integrated SystemsNavi Mumbai, IndiaMaritime and defense technology solutions provider
$43Mvaluation
KSolare EnergyPune, IndiaIndian manufacturer of solar inverters and EV chargers
$19Mvaluation
Johari Digital HealthcareJodhpur, India
$54Mvaluation
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later7 investors entered at this stage
Bandhan Mutual Fund
Nomura
BNP Paribas
Tata Mutual Fund
Kuber India
ICICI Prudential Mutual Fund
Edelweiss Mutual Fund
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Syrma SGS Technology on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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