What Elin India does

Elin Electronics Ltd (branded Elin India) is an Indian Electronic Manufacturing Services (EMS) company established in 1969 at Delhi/NCR and listed on the BSE and NSE under ticker ELIN. It operates as a publicly traded flagship of the Sethia-family-promoted Elin Group and serves OEM and ODM customers across four manufacturing facilities in Ghaziabad, Baddi (Himachal Pradesh), Goa, and Bhiwadi (Rajasthan, under commissioning). The company offers a vertically integrated portfolio spanning SMT-based PCB assembly (10 lines, 600,000 CPH capacity), motor manufacturing (4 million AC induction motors per year including universal, BLDC, chimney, hand blender, and fan motors), tooling and mould/die manufacturing on CNC machines, injection moulding (50–750 ton), die casting, and finished consumer products in lighting, kitchen appliances, personal grooming, garment care, and medical diagnostics.

Elin generates revenue through B2B contract manufacturing for blue-chip OEMs such as Havells, Philips, Panasonic, Crompton, Signify, Denso, IFB, Minda, Usha, Butterfly, Bajaj, Eveready, and Preethi. Pricing is quote-based and not publicly disclosed, reflecting the OEM-embedded go-to-market model with no consumer retail channel of its own. Revenue streams are hardware sales across EMS, motors, and finished consumer/OEM products, with ISO 9001, ISO 14001, and IATF 16949 certifications supporting both consumer electronics and automotive supply chains. FY2026 revenue was Rs 1,259.14 crore (~9.32% YoY growth), with profitability compressed — net profit fell 22.95% YoY to Rs 22.59 crore and Q4FY26 turned to a Rs 0.76 crore net loss. The company is ranked among the top five Indian EMS providers alongside Dixon Technologies, Syrma SGS, Kaynes Technology, and Avalon Technologies, but operates from a notably weaker margin and growth profile than the listed EMS peer set.

Name

Elin India

Legal name

Elin Electronics Ltd

Website

https://elinindia.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Elin Electronics Ltd is a publicly listed Indian EMS company serving OEM customers with vertically integrated manufacturing across SMT electronics, motors, tooling, injection moulding, die casting, and finished consumer appliances from four plants. It supplies brands like Havells, Philips, Panasonic, Crompton, and Denso across lighting, appliances, and automotive verticals.

Ownership category

akta.pro rank

Product category

Electronic Manufacturing Services (Contract Manufacturing)

NAICS

Electrical Equipment Manufacturing (3353), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Electric Lighting Equipment Manufacturing (33513)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620), Miscellaneous Electrical Machinery, Equipment & Supplies (3690)

akta.pro primary industry

Industrial Electronics Manufacturing Services (EMS) (IMAGAGAA)

akta.pro secondary industries

Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ), Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs) (IMAGAGAD)

Keywords

• Electronics manufacturing services
• OEM contract manufacturing
• Induction motor manufacturing
• Kitchen appliance manufacturing
• Tooling and mould design

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Electronic Manufacturing Services: Provides comprehensive EMS including PCB assembly, finished product assembly, and testing services to OEM customers across multiple product categories
2. Motors Manufacturing: Manufactures and sells Universal Motors, Induction Motors, BLDC Motors for various applications including fans, kitchen appliances, and automotive
3. Finished Consumer Products: Domestic Kitchen Appliances, Personal Care Products, Lighting Products and Automotive Components sold to OEM customers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Elin India (Elin Electronics Ltd) is an electronics manufacturing services (EMS) company that designs and manufactures LED lighting products, AC induction and BLDC motors, kitchen appliances (hand blenders, mixer grinders, toasters, OTGs), garment care and personal grooming devices, automotive components, and medical diagnostic devices for OEM and ODM customers. It also offers in-house tooling and mould design, die casting, and injection moulding as integrated manufacturing services, producing 4 million AC induction motors annually across four Indian plants with 10 SMT lines.

Product overview

Elin India is an electronics manufacturing services (EMS) company offering a diverse portfolio of consumer products and manufacturing capabilities. The company operates as a one-stop solution provider serving OEM and ODM customers with four main product categories: Lighting products (Consumer LED Luminaries, Downlighters, Cob Downlights, Battens, Torches), Motors (Universal Motors, BLDC Motors, Chimney Motors, Hand Blender Motors, Wet Grinder Motors, TPW Motors, Fan Motors), Home Appliances (Kitchen Appliances including Hand Blenders, Mixer Grinders, Hand Mixers, Toasters, OTGs; Home Comfort products including Axial Fans, BLDC Fans, Oil Filled Radiators; Garment Care including Irons and Steam Irons; Personal Grooming including Trimmers, Hair Dryers, Hair Straighteners; Home Entertainment including Radios), and Medical Diagnostic Devices (Cartridges, Infrared Vein Finders). The company also provides comprehensive manufacturing services including Electronics Manufacturing Services with 10 SMT lines, Tooling and Mould Manufacturing, Die Casting, and Injection Moulding. Manufacturing facilities are located at Ghaziabad, Baddi (HP), Goa, and Bhiwadi (Rajasthan).

Differentiator

Problem solved

Functional benefit

Products and services

• Lighting Products (LED Luminaires, Downlighters, COB Downlights, Battens, Torches, Solar Street Lights, Home Decor Lights, LED Lamps, Door Bells, Switches) LED-based lighting products for indoor, outdoor, residential and commercial applications including tube lights, downlighters, fancy lights, table and wall lamps, batten lights, torches, solar street lights, home decor lights and LED lamps, designed and manufactured for OEM customers across India.
• Motors (Universal, BLDC, Induction, Shaded Pole, Synchronous, Hand Blender Motors, Hand Mixer Motors, Wet Grinder Motors, Chimney Motors, TPW Motors, Fan Motors, Air Conditioner Motors, Cooler Pump Motors) AC induction, BLDC, universal, shaded pole, synchronous and specialty motors for domestic appliances including fans (high speed and normal speed), kitchen chimneys, hand blenders, hand mixers, wet grinders, air coolers and air conditioners, sold to OEM customers and supplied as motors under the Elin brand.
• Kitchen Appliances (Hand Blenders, Mixer Grinders, Hand Mixers, Pop-up Toasters, OTG Oven Toaster Grillers, Kettles, Chimneys, Air Fryers) Electric kitchen appliances including hand blenders, mixer grinders from 550 to 1500 Watts, hand mixers, pop-up toasters, oven toaster grillers, kettles, kitchen chimneys and air fryers, produced for OEM customers and sold under the Elin brand through its website.
• Home Comfort Products (Axial Fans 4"-10", BLDC Ceiling Fans, Oil Filled Radiators, Air Coolers) Home comfort devices including 4, 6, 8 and 10 inch axial fans for fresh air, exhaust and ventilation, energy-efficient BLDC ceiling fans, oil-filled radiator room heaters and air coolers, produced for OEM customers as well as direct-branded sales.
• Garment Care Products (Iron Presses, Steam Iron Presses) Electric garment care products including dry iron presses and steam irons with steam generation for wrinkle removal, manufactured for OEM customers.
• Personal Grooming Products (Trimmers, Hair Dryers, Hair Straighteners) Personal grooming devices including hair trimmers, hair dryers and hair straighteners, manufactured for OEM customers.
• Home Entertainment Products (Radios, Sound Boxes) Home entertainment audio products including radio receivers and sound boxes manufactured for OEM customers.
• Medical Diagnostic Devices (Medical Diagnostic Cartridges, Infrared Vein Finders) Medical diagnostic devices and consumables including cartridges for medical testing devices and infrared vein finders using infrared technology for locating veins, manufactured for OEM and healthcare customers.
• Electronic Manufacturing Services (EMS) Full electronics manufacturing services for OEM and ODM customers including PCB assembly, finished product assembly, SMT lines with 600,000 CPH capacity, 10 zone reflow profiling, X-Ray testing, BGA rework stations, AOI inspection, and quality assurance.
• Tooling and Mould Manufacturing Design and manufacturing of tools, moulds, dies, jigs, fixtures and special purpose machines using state-of-the-art CNC machines with micron-level CMM measurement accuracy for OEM customers.
• Die Casting Services Die casting services using high-pressure metal casting processes for the automobile and appliances industry, delivering precision cast components.
• Injection Moulding Services Injection moulding services using computer-controlled machines from 50 tons to 750 tons capacity with automatic feeding systems and robot separators for producing precision components in automotive and non-automotive sectors.

Quantifiable outcome

• 4 million AC Induction Motors manufactured per year
• +2 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Dixon Technologies: India's largest EMS company providing contract manufacturing for consumer electronics, home appliances, lighting, and mobile phones. Direct competitor to Elin in Indian OEM-embedded EMS with similar customer profiles and end-market exposure.
• Syrma SGS Technology: Indian EMS provider offering design, manufacturing, and testing services across automotive, industrial, consumer, and healthcare segments. Directly comparable to Elin's EMS and ODM offering with similar customer-base dynamics.
• Kaynes Technology: Indian EMS/ODM company specializing in industrial, automotive, and aerospace electronics manufacturing. Competes with Elin for OEM design and manufacturing contracts in India's electronics manufacturing market.
• Avalon Technologies: Indian EMS company providing end-to-end electronic manufacturing services including design, prototyping, and full-scale production. Listed alongside Elin as one of India's top-5 EMS players serving similar OEM customers.
• Amber Enterprises: India's largest room AC OEM/EMS manufacturer serving brands like Voltas, Daikin, and LG. Comparable to Elin's EMS model with a focus on appliance manufacturing for OEM customers.
• PG Electroplast: Indian EMS company serving consumer electronics, appliances, and automotive OEMs with manufacturing services. Competes with Elin for Indian OEM contracts in similar product categories.
• Centum Electronics: Indian EMS/ODM specializing in aerospace, defense, industrial, and medical electronics. Adjacent competitor with overlapping EMS capabilities and similar customer-base segments.

Broad incumbents

• Bharat Electronics: Large Indian public-sector electronics manufacturer with broad capabilities spanning defense, aerospace, and industrial electronics. Operates at larger scale than Elin in adjacent EMS verticals.

Others

• Havells India: Major Indian appliance and lighting brand that is also a key customer of Elin's EMS services. Comparable as a participant in the same Indian appliance/lighting market with vertical manufacturing capabilities.
• Crompton Greaves Consumer Electricals: Indian consumer durables company (fans, appliances, lighting) and customer of Elin. Operates in the same end markets Elin serves via EMS, providing insight into downstream demand dynamics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Elinelectronics
• LinkedInlinkedin.com/company/elin-electronics-ltd/?viewAsMember=true

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Elin India