Partnership with global equipment manufacturer company for complex subsystem manufacturing
Partnering with CDAC for high performance computing
Partnership with Zepco in motors, drives, controllers.
Secured projects in global auto components, home electrification, rail, industrial, infrastructure, clean energy, and communications
OUR DUAL SHORE MANUFACTURING
In FY2025, we enhanced this model with the commissioning of a new export-focussed facility in Chennai. Construction has also begun on two additional facilities – one to serve growing domestic demand and the other focussed on exports. Our U.S. operations continue to serve marquee customers in highly regulated sectors, while our Indian facilities leverage scale and cost benefits
Manufactures various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products. The company is a part of Tandon Group with Sandeep Tandon as chairman of the company. Its manufacturing facilities are spread across Northern India (Bawal, Haryana, Manesar, Haryana, Baddi, Himachal Pradesh) and southern India – Chennai (Tamil Nadu), Bengaluru (Karnataka).
One of India’s Largest ESDM Company in the Non-Consumer Segment
300+ customers, 18 Facilities, 20+ exporting countries
with end to end capabilities and backward integration of PCB and components inhouse
Business verticals serving high growth industries
Four Dedicated R&D Facilities 1 in Germany & 3 in India
190 employees in RnD, 537 overall engineers
1800+ suppliers
Global certifications in place
Revenue splits
Opportunities and Growth Drivers
Government Initiatives Capitalizing on government incentives such as PLI, MSIPS, ECMS, PM E-drive and EMC Tax incentives, infrastructure support Growth of IoT & Smart Devices IoT in industrial, automotive, consumer segments to drive customized solutions Automotive IoT growth driven by connectivity, ADAS, personal UI, etc Export Opportunities Rising trend of supply chain diversification India being favored as the global alternative as part of China + 1 strategy
Increasing outsourcing by OEMs OEMs increasing reliance on ESDM players for cost efficiency, scalability, supply chain flexibility
Increasing focus area
Very very interesting chart on what SYRMA wants to do in coming time
RISKS
The company imports 60% of its material requirements, which exposes it to foreign exchange fluctuation risk. While part of the forex exposure is naturally hedged from exports (about 25% of the total revenue), the company takes three months forwards to cover part of the open exposure and is able to pass on the impact of foreign exchange fluctuation to customers to some extent, any major forex fluctuation can impact the margins.
Time to time changes in technology may impact business in short term
Intensive working capital nature of business may need consistent cash flows
ALPHA AFFAIRS 