Syrma SGS Technology Limited, a leading Indian electronics systems design and manufacturing company, has entered into a strategic joint venture with Italy-based Elemaster S.p.A Tecnologie Elettroniche, a global leader in electronics design and manufacturing. The new entity, to be renamed Syrma SGS Elemaster Private Limited, will set up operations at Bommasandra Industrial Area in Bengaluru. The facility, spanning approximately 20,000 sq. ft., will be equipped with advanced SMT, THT, and box-build assembly lines to serve high-reliability customers in the railway, industrial, and medical electronics sectors.
The collaboration aims to combine Syrma’s cost-efficient execution and large-scale manufacturing capabilities with Elemaster’s extensive design expertise and long-standing relationships with European OEMs. The companies expect the partnership to unlock margin-accretive opportunities, deepen engagement with global accounts, and contribute to India’s Make in India initiative in critical high-growth markets.
Sandeep Tandon, Chairman of Syrma SGS Technology, said:
“This joint venture represents a milestone in our journey to build a global high-reliability electronics platform out of India. By combining Syrma’s world-class execution with Elemaster’s deep relationships with European OEMs, we are unlocking new growth vectors in rail, industrial, and medical segments.”
Satendra Singh, CEO of Syrma SGS Technology, added:
“The JV structure ensures dedicated focus on high-reliability customers, efficient cost structures, and scalable operations. With phased expansion and joint governance, the platform is positioned to drive sustainable growth.”
From Elemaster’s perspective, India is seen as a critical hub for global customers.
Valentina Cogliati, CEO of Elemaster Group, said:
“This partnership gives us a reliable, competitive, and scalable base in the region. Together, we will bring Elemaster’s design expertise and customer relationships to India, aligned with Syrma’s strong manufacturing capabilities.”
Giovanni Cogliati, CCO of Elemaster Group, noted:
“This is an important evolution of our relationship with Syrma. Investments in manufacturing infrastructure and organization will allow us to meet the growing need for local production in India while ensuring high service levels for our customers.”
The joint venture marks a significant step toward positioning India as a trusted global hub for high-tech, high-reliability electronics manufacturing.
