Syrma Technology
Syrma Technology is a Chennai, India-based electronics manufacturing services (EMS) provider delivering PCB assembly and contract manufacturing for global OEMs, with a strategic focus on higher-value industrial and automotive electronics under India's ECMS framework.
- Company typePrivate
- Founded2006
- HeadquartersChennai, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Syrma Technology does
Syrma Technology is a Chennai, India-based private electronics manufacturing services (EMS) provider founded in 2006, operating with a headcount of 1,001-5,000 employees. The company delivers creative design and contract manufacturing services — including PCB assembly and manufacturing — in partnership with global OEMs, with strategic emphasis on higher-value industrial and automotive applications. Syrma is publicly identified as a leading player in India's EMS sector, which is expanding at approximately 30% annually within the country's broader USD 115 billion electronics manufacturing market.
The company has committed ₹1,800 crore (~USD 215M) toward expanding multilayer and high-density interconnect (HDI) PCB capacity under India's Electronics Components Manufacturing Scheme (ECMS), a government-backed incentive framework. This capacity expansion is the central pillar of Syrma's current growth strategy, intended to move the company up the technology value chain and capture share in segments with stronger margin profiles. Leadership is held by CEO Sreeram Srinivasan and Chairman Manohar Lal Tandon.
Syrma's revenue model is contract manufacturing: the firm is paid for design, assembly, and production services delivered to OEM customers, with revenue mechanics tied to volume, component complexity, and program duration. No specific pricing structures, customer logos, or revenue figures are disclosed in the available sources, and the company's primary web domain (syrma.com) is presently parked, limiting direct visibility into commercial details. The company's competitive positioning rests on India-based cost economics, government-aligned policy participation, and scale as one of the recognized EMS leaders alongside peers such as Amber.
Syrma Technology firmographics
Firmographics- Name
- Syrma Technology
- Legal name
- Syrma Technology
- Website
- https://syrma.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Syrma Technology is a Chennai, India-based electronics manufacturing services (EMS) provider delivering PCB assembly and contract manufacturing for global OEMs, with a strategic focus on higher-value industrial and automotive electronics under India's ECMS framework.
- Ownership category
- akta.pro rank
Syrma Technology industry classification
Industry- Product category
- Electronics Manufacturing Services
- NAICS
- Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418), Bare Printed Circuit Board Manufacturing (334412)
- SIC
- Printed Circuit Boards (3672)
- akta.pro primary industry
- Industrial Electronics Manufacturing Services (EMS) (IMAGAGAA)
- akta.pro secondary industries
- PCB Assembly (PCBA/EMS) (HDAHAOAI), Industrial PCB & Substrate Components (Bare PCBs, rigid-flex, ceramic substrates, thick-film) (IMAGAJAM)
Keywords
Where Syrma Technology is headquartered
LocationHeadquarters
- HQ city
- Chennai
- HQ country
- India
- HQ region
- Asia
Markets served
Syrma Technology business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure
Syrma Technology product offering
Product offeringCore offering
Syrma Technology provides creative design and electronic contract manufacturing services in partnership with global OEMs. The company delivers electronics manufacturing services (EMS), including PCB assembly and manufacturing of multilayer and HDI PCBs for industrial and automotive applications. Syrma has committed ₹1,800 crore toward multilayer and HDI PCB capacity expansion as part of India's Electronics Components Manufacturing Scheme (ECMS).
Differentiator
Problem solved
Functional benefit
Products and services
- Electronics Manufacturing Services (EMS)
Companies that use Syrma Technology
Customer profileIdeal customer profiles1 record
Syrma Technology technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Syrma Technology partnerships and signals
Strategic signalScale indicators2 records
Recent moves3 records
Expansion highlights4 records
Syrma Technology competitors and assessment
Company assessmentDirect peers
- Kaynes Technology: Kaynes is an India-based EMS and ODM provider serving industrial, automotive, and medical customers. Its vertical mix and EMS-plus-PCB model closely mirror Syrma's strategy of building higher-value industrial and automotive exposure.
- Amber Enterprises: Amber is one of India's leading EMS players and is named alongside Syrma as a sector leader driving 30% growth. Both serve industrial and automotive OEM customers with PCBA and box-build services, making them the closest direct domestic peer.
- Dixon Technologies: Dixon is a top-tier Indian EMS company offering electronics manufacturing services across consumer, lighting, and appliances verticals. Comparable in scale and business model to Syrma, both compete for the same domestic OEM contract manufacturing wallet.
- VVDN Technologies: VVDN is an India-based electronics product engineering and manufacturing services company focused on industrial, networking, and automotive customers. It overlaps with Syrma in PCBA plus design services for global OEMs.
- TTM Technologies: TTM is a global PCB manufacturer with strong aerospace, defense, automotive, and industrial exposure. Comparable to Syrma's HDI/multilayer PCB investment and a benchmark for the higher-complexity PCB segment Syrma is targeting.
Broad incumbents
- Jabil: Jabil is a top-tier global EMS and PCB assembly provider with deep automotive and industrial exposure. Comparable business model and customer verticals, but with significantly larger scale and global footprint.
- Flex Ltd: Flex is a global EMS leader serving industrial, automotive, and communications OEMs. It competes with Syrma for cross-border EMS contracts and represents the global scale benchmark Syrma is building toward.
- Bharat Electronics: Bharat Electronics is a large Indian state-owned electronics manufacturer with PCB and EMS capabilities serving defense and industrial customers. Comparable PCB and electronics manufacturing footprint, though with a heavier defense focus.
- Foxconn (Hon Hai): Foxconn is the world's largest EMS provider and has been expanding manufacturing capacity in India. It competes with Syrma for OEM allocation decisions and represents the global cost-scale benchmark.
- Wistron: Wistron is a major Taiwan-based EMS provider with significant India manufacturing operations. Comparable in PCBA services for global OEMs and competes with Syrma for India-sourced manufacturing allocations.
Market position
Strengths4 records
Weaknesses1 record
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Syrma Technology social profiles
Digital presenceSyrma Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Syrma Technology leadership team
Management profileNumber of profiles
Profiles2 records
Syrma Technology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Syrma Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Syrma Technology
What does Syrma Technology do?
Syrma Technology provides creative design and electronic contract manufacturing services in partnership with global OEMs. The company delivers electronics manufacturing services (EMS), including PCB assembly and manufacturing of multilayer and HDI PCBs for industrial and automotive applications. Syrma has committed ₹1,800 crore toward multilayer and HDI PCB capacity expansion as part of India's Electronics Components Manufacturing Scheme (ECMS).
When was Syrma Technology founded?
Syrma Technology was founded in 2006. It employs 1,001 to 5,000 people.
Where is Syrma Technology based?
Syrma Technology is headquartered in Chennai, India, in the Asia region.
Who are Syrma Technology's main competitors?
Direct peers on record are Kaynes Technology, Amber Enterprises, Dixon Technologies, VVDN Technologies and TTM Technologies. Broad incumbents are Jabil, Flex Ltd, Bharat Electronics, Foxconn (Hon Hai) and Wistron.
Does Syrma Technology have an API?
No public API is recorded for Syrma Technology.
What industry is Syrma Technology in?
Syrma Technology's product category is Electronics Manufacturing Services. Its primary akta.pro industry code is IMAGAGAA, Industrial Electronics Manufacturing Services (EMS), with a secondary code of HDAHAOAI, PCB Assembly (PCBA/EMS). Its NAICS code is 334418 and its SIC code is 3672.