Joint Venture Structure

The joint venture is between Syrma SGS Technology Limited (60% ownership) and Elemaster S.P.A Tecnologie Elettroniche (40% ownership). This follows a previous disclosure dated April 14, 2026 regarding completion of the transaction.

Facility Details

  • Location: Bommasandra Industrial Area, Bengaluru, Karnataka
  • Size: 20,000 square feet
  • Capabilities: Advanced Surface Mount Technology (SMT), Through-Hole Technology (THT), and box-build assembly lines
  • Target Sectors: Railways and transportation, industrial electronics, energy, and medical electronics

Inauguration Event

The facility was inaugurated on September 2, 2026. The event was attended by Dr. Giandomenico Milano, Consul General of Italy in Bengaluru, along with leadership teams from Syrma SGS and Elemaster, customers, and other key stakeholders.

Strategic Rationale

The joint venture combines Syrma SGS's manufacturing capabilities, established supply-chain ecosystem, and cost-efficient execution in India with Elemaster's decades of expertise in electronic design and manufacturing, engineering capabilities, and strong relationships with European and global OEMs.

Management Commentary

Valentina Cogliati, CEO, Elemaster S.p.a: Emphasized India's importance as a growing market and the facility's role in supporting global customers through combined engineering technology and manufacturing expertise.

Sandeep Tandon, Executive Chairman, Syrma SGS Technology Ltd.: Highlighted the vision of building India into a globally competitive hub for high-reliability electronics manufacturing and contributing to the 'Make in India' ambition.

Jasbir Singh Gujral, Managing Director, Syrma SGS Technology Ltd.: Noted the facility strengthens ability to serve high-reliability segments with integrated SMT, THT and box-build capabilities for complex electronics manufacturing requirements.

Event Program

The inauguration featured institutional addresses, a dedicated address by Valentina Cogliati (CEO, Elemaster Group), tree plantation ceremony, official unveiling of the facility, and guided visits of the plant and shop floor.

Broader Context

The facility represents a step in the evolution of India's electronics manufacturing ecosystem, particularly in high-reliability applications requiring engineering expertise, process control, quality, and stringent manufacturing standards. It reinforces India-Italy industrial relations by bringing together complementary capabilities from both countries.