NASH Industries

What NASH Industries does

NASH Industries (I) Pvt. Ltd., founded in 1971 by the Wadhwa brothers, is an integrated electronics manufacturing services (EMS) platform headquartered in Bengaluru, India, operating across mechanical, electrical, and electronics manufacturing. The company runs 11 manufacturing facilities across Bengaluru, Pune, and Chennai, employs 1,001–5,000 people, and reports turnover exceeding ₹2,100 crore. Its core offerings span box-build assembly, metal stamping, and precision manufacturing for industrial customers, with a stated leadership position in Indian banking hardware and penetration into automotive, renewable energy, defense, aerospace, healthcare, gaming, and data-center segments.

The company's distinctive technology layer is its NASH Tech Labs R&D arm, through which it co-developed with Intel the first India-designed industrial motherboards built on the Intel B760 chipset for Raptor Lake processors (November 2025) and the first Indian industrial-grade motherboard supporting Intel's 14th Gen processors (March 2026). These motherboards target ATMs, kiosks, industrial PCs, and AIoT systems across Retail, BFSI, Industrial Automation, Gaming, and Healthcare verticals. NASH sells directly to Fortune 500 and other enterprise customers via an enterprise field-sales motion.

Revenue is generated through B2B contract manufacturing and industrial hardware sales; no public pricing or per-unit economics are disclosed. In February 2026, ChrysCapital acquired a minority stake at a deal valuation of Rs 6,000–6,300 crore ($676–711M) to fund growth and global expansion, while the Wadhwa brothers retained control. CCI approval was granted in January 2026.

Name

NASH Industries

Legal name

Nash Industries (I) Pvt. Ltd.

Website

https://nashindia.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NASH Industries is an Indian electronics manufacturing services platform operating 11 facilities across Bengaluru, Pune, and Chennai. It designs and manufactures precision hardware—including Intel-co-developed industrial motherboards—for 15+ Fortune 500 customers spanning banking, automotive, defense, and industrial verticals.

Ownership category

akta.pro rank

NAICS

Electronic Computer Manufacturing (334111), Computer and Electronic Product Manufacturing (334)

SIC

Wholesale-Electronic Parts & Equipment, Nec (5065), Sporting & Athletic Goods, Nec (3949)

akta.pro primary industry

Logic Foundries (Advanced Nodes) (HDAHACAA)

Keywords

• Electronics manufacturing services
• Contract manufacturing
• Industrial motherboards
• Box build solutions
• Precision metal stamping

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Electronics Manufacturing Services (EMS): Provides integrated manufacturing services across mechanical, electrical, and electronics sectors including box build solutions and metal stamping for various industries
2. Contract Manufacturing: Design and manufacturing services for electronic components serving multiple sectors including electrical, power protection, data centres, defence, aerospace, IT and AI hardware, healthcare, and gaming

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

NASH Industries is an integrated manufacturing platform providing electronics manufacturing services (EMS) across mechanical, electrical, and electronics sectors. The company designs, manufactures, and assembles box build solutions, precision metal stamping components, and industrial-grade motherboards, serving over 15 Fortune 500 customers in banking, data centers, clean energy, gaming, defense, aerospace, healthcare, and automotive. Its product portfolio includes India's first domestically designed and built industrial motherboards on the Intel B760/Raptor Lake platform, enabled by the in-house R&D arm NASH Tech Labs.

Product overview

NASH Industries is an integrated manufacturing platform operating across mechanical, electrical, and electronics sectors. The company holds a leadership position in banking hardware and provides electronics manufacturing services (EMS) including box build solutions and metal stamping. The core product portfolio includes industrial motherboards (Intel B760 chipset/Raptor Lake processors) designed and manufactured in India, serving sectors like data centres, clean energy, gaming hardware, industrial motherboards, defence, aerospace, healthcare, and automotive. The company operates 11 manufacturing facilities across Bengaluru, Pune, and Chennai and serves Fortune 500 companies globally.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• First industrial-grade motherboard in India supporting Intel 14th Gen processors
• +2 more outcomes

Named customers6 records

Segments9 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• IntelcoreTechnology or Integration · 25 March 2026NASH Industries partnered with Intel to launch India's first industrial-grade motherboard supporting Intel's 14th Gen processors. Intel provided architecture, design, and firmware technology support for product development. The partnership enabled NASH to launch Raptor Lake-based motherboards targeting industrial, commercial, and embedded applications.
• IntelcoreTechnology or Integration · 26 November 2025NASH Industries launched first India-designed and manufactured motherboards built on Intel B760 chipset supporting Intel Raptor Lake processors. Intel supported the development by providing architecture, design, and firmware technology support, facilitating the product's global deployment standards.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Flex Ltd: Global EMS incumbent with broad vertical exposure including industrial, automotive, healthcare, and data center — competes with NASH for multi-region Fortune 500 EMS mandates and benchmarks on scale and procurement leverage.
• Jabil: Global EMS and supply-chain services major serving automotive, industrial, networking, and healthcare — competes for the same Fortune 500 contract manufacturing opportunities and sets industry benchmarks on capacity and geographic reach.
• Hon Hai Precision (Foxconn): World's largest EMS player with rapidly expanding India footprint through subsidiaries — competing with NASH for India-based and export-oriented EMS programs while offering global scale and multi-region manufacturing NASH currently lacks.

Direct peers

• Centum Electronics: Indian electronics manufacturer focused on defence, aerospace, space, and industrial — directly comparable to NASH's defence and aerospace exposure and competing for similar precision electronics programs in those verticals.
• Bharat FIH: Foxconn's India subsidiary manufacturing smartphones and electronics for global OEMs — direct Indian EMS peer competing for similar Tier-1 manufacturing programs and increasingly for IT/AI hardware work comparable to NASH's portfolio.
• Amber Enterprises: Indian EMS and ODM with multi-vertical exposure spanning ACs, automotive, railways, and defence electronics — comparable multi-vertical Indian EMS model and customer-base diversification to NASH.
• Dixon Technologies: Largest publicly listed Indian EMS player, providing electronics manufacturing services across consumer durables, smartphones, IT hardware, and lighting — directly comparable to NASH's EMS platform serving Fortune 500 customers across BFSI, industrial, and consumer verticals.
• Avalon Technologies: Indian EMS offering end-to-end design-led manufacturing for industrial, aerospace, defence, and medical customers — directly comparable customer mix and vertical integration model to NASH.
• Syrma SGS Technology: Indian EMS with strengths in industrial, medical, automotive, and consumer electronics — direct Indian peer competing for similar Tier-1 enterprise manufacturing programs and with comparable scale.
• Kaynes Technology India: Indian listed EMS serving industrial, automotive, aerospace, medical, and railways with a multi-vertical contract manufacturing model — overlapping end-market exposure and customer-type with NASH.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NASH Industries