What Shogini Technoarts does

Shogini Technoarts Pvt. Ltd. is an Indian printed circuit board (PCB) manufacturer founded in 1979 in Pune by Vijay Athavale. The company produces single-sided, double-sided, multilayer (up to 10 layers), flexible, and metal-clad PCBs (MCPCBs) from a single 32,000 square meter facility in Pune with an annual production capacity of 350,000 square meters. Technical capabilities include MCPCBs with thermal conductivity ranging from 1 to 12 W/mK, flexible PCBs down to 0.10mm thickness, and double-sided boards with aspect ratios of 5:1 — specifications targeted at thermal management, miniaturization, and reliability-critical applications. The facility operates under ISO 9001-2015, UL, and LCSO (Indian Defence) certifications, and is equipped with impedance control testing, coordinate measuring machines, and micro-sectioning setups.

The company operates a pure B2B hardware sales model, selling directly to enterprise OEMs across automotive (Tata Motors, Mitsubishi Electric, Varroc, Lumax, Spark Minda), defense and aerospace (Bharat Electronics, L&T Heavy Engineering), medical, telecommunications, LED lighting, power electronics, and industrial segments. Pricing is quote-based and not publicly disclosed, consistent with custom-specification B2B contracts. Distribution is handled through a direct sales team spread across India and direct export channels serving customers in the USA, UK, Germany, Netherlands, Hungary, Italy, Singapore, and Sri Lanka. Reported FY2025 turnover was Rs 390 crore (approximately USD 46–47 million).

On December 1, 2025, IL JIN Electronics — a material subsidiary of Amber Enterprises India Ltd — acquired an 80% stake in Shogini for Rs 506 crore, making Shogini a step-down subsidiary of Amber and integrating its PCB manufacturing into Amber's broader electronics manufacturing services (EMS) vertical. In January 2026, Shogini received approval under the government's Electronics Components Manufacturing Scheme (ECMS), positioning the company to scale domestic capacity under policy-linked incentives as part of India's Atmanirbhar Bharat electronics localization initiative.

Name

Shogini Technoarts

Legal name

Shogini Technoarts Pvt. Ltd.

Website

https://shogini.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Short description

Shogini Technoarts is a Pune-based PCB manufacturer founded in 1979, producing single-sided, double-sided, multilayer, flexible, and metal-clad printed circuit boards for automotive, defense, aerospace, telecom, medical, and industrial OEM customers across India and eight export markets.

Ownership category

akta.pro rank

Product category

PCB Manufacturing

NAICS

Bare Printed Circuit Board Manufacturing (334412)

SIC

Printed Circuit Boards (3672)

akta.pro primary industry

PCB Fabrication (Rigid PCBs) (HDAHAOAG)

akta.pro secondary industries

PCB Fabrication (Flex & Rigid-Flex PCBs) (HDAHAOAH), Printed Electronics & Advanced Substrates (HDI, IC Substrates, Embedded Components) (HDAHAOAK)

Keywords

• PCB manufacturing
• Multilayer printed circuit boards
• Metal clad PCBs
• Flexible circuit boards
• Industrial electronics components

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. PCB Manufacturing and Sales: One-time product sales of printed circuit boards including single-sided, double-sided, multilayer, flexible, and metal-clad PCBs. Revenue generated through direct B2B sales to industrial customers across automotive, defense, medical, telecom, and industrial electronics sectors, as well as exports to international markets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Shogini Technoarts is a PCB manufacturer that designs and produces printed circuit boards including single-sided, double-sided, multilayer (up to 10 layers), flexible, and metal-clad PCBs (MCPCBs) with thermal conductivity from 1 to 12 W/mK. The company runs a 32,000 sqm Pune facility with annual capacity of 350,000 square meters, supplying PCBs to automotive, defense, medical, telecom, LED lighting, power, and industrial electronics customers in India and abroad.

Product overview

Shogini Technoarts is a PCB manufacturing company offering a comprehensive portfolio of printed circuit board products including Single Sided PCBs, Double Sided PCBs, Multilayer PCBs (up to 10 layers), Flexible PCBs, and Metal Clad PCBs. The company operates as a unified product offering focused on high-quality PCB manufacturing for diverse industries including automotive, power electronics, telecommunications, medical electronics, industrial electronics, computer peripherals, LED lighting, and process control. All five PCB product types are manufactured at the company's Pune facility with an annual capacity of 350,000 square meters.

Differentiator

Problem solved

Functional benefit

Products and services

• Single Sided PCBs Single-sided printed circuit boards with one conductive copper layer on one side, constructed with a dielectric EPOXY base layer, copper conductive layer, and protective solder mask, valued for simplicity and cost-effectiveness in consumer and industrial electronics.
• Double Sided PCBs Double-sided printed circuit boards with conductive material on both sides and conductive plating inside the holes, PCB thickness 0.4 to 3.2mm, maximum board size 750x450mm, minimum drill 0.15mm, aspect ratio 5:1, available with Tin Lead HAL, Lead-Free HAL, ENIG, and OSP finishes, enabling intricate routing traces through vias.
• Multilayer PCBs Multilayer printed circuit boards with four or more conductive layers (produced up to 10 layers at Shogini), with multiple double-sided conductive layers separated by insulating material and bonded under high pressure and heat for durability and space-saving design, including blind, buried, and through vias.
• Flexible PCBs Flexible printed circuit boards that bend and twist while preserving circuit safety, with minimum thickness 0.10mm single side and 0.15mm double side, maximum board size 300x1000mm, line/spacing of 5mil/5mil, suitable for dynamic and fixed applications with stiffener options for aerospace, automotive, and wearable tech use cases.
• Metal Clad PCBs (MCPCBs) Metal Clad Printed Circuit Boards (MCPCBs) developed for high-power applications, with thermal conductivity 1 to 10 W/mK, maximum board size 1200x350mm, PCB thickness 0.2 to 2.0mm, featuring high breakdown voltage and high reflective ink options, extensively used in LEDs and various industrial and automotive applications.

Quantifiable outcome

• 350,000 square meters annual production capacity
• +1 more outcomes

Named customers13 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators5 records

Recent moves4 records

Expansion highlights4 records

Regional players

• Sahasra Electronics: Indian EMS and PCB manufacturer serving consumer electronics, IT, and industrial segments. Domestic peer with overlapping Indian customer base but operates more in EMS/assembly than pure-play PCB fabrication.

Direct peers

• PCB Power (India Circuit): India-based PCB manufacturer offering single, double, multilayer, flex, and metal-clad PCBs. Closely comparable product portfolio to Shogini, including the metal-clad PCB category, targeting similar Indian industrial customers.
• AT&S (Austria Technologie & Systemtechnik): Global PCB and IC substrate manufacturer producing HDI, multilayer, flex, and rigid PCBs for automotive, industrial, and consumer electronics — the same end-markets Shogini serves. Comparable product portfolio (multilayer, flex, metal-based) but with significantly higher layer counts and HDI capability.
• Ascent Circuits: Indian PCB manufacturer approved alongside Shogini under the ECMS scheme in Jan 2026. Direct domestic peer serving similar Indian industrial and automotive customers with multilayer PCB capability.
• Epitome Components: Indian PCB manufacturer producing single, double, multilayer, and metal-clad PCBs for industrial and automotive customers. Closely comparable Indian peer in terms of product mix and tier.
• CIPSA-Tec (CIPSA Circuitos Impresos): European PCB manufacturer specializing in multilayer, flex, and rigid-flex PCBs for industrial, automotive, and aerospace applications. Comparable product portfolio to Shogini, particularly on multilayer and flex, with similar SME-scale footprint.
• Meena Circuits: Indian PCB manufacturer producing single-sided, double-sided, multilayer, and flexible PCBs. Direct domestic competitor serving overlapping Indian industrial, automotive, and consumer electronics customers with similar product mix and tier.

Broad incumbents

• Tripod Technology Corporation: Taiwan-based PCB manufacturer specializing in multilayer PCBs for automotive, communications, and consumer electronics — directly overlapping with Shogini's automotive and telecom verticals. Larger scale with similar multilayer focus.
• Compeq Manufacturing: Taiwan-based PCB manufacturer producing multilayer, HDI, and flex/rigid-flex PCBs primarily for mobile devices, networking, and automotive electronics — overlapping with Shogini's telecom and automotive verticals at greater scale and higher layer counts.
• Unimicron Technology Corp. Taiwan-listed global PCB leader covering HDI, IC substrates, multilayer, and flex PCBs. Comparable product breadth across rigid and flexible boards; meaningfully larger scale and more advanced technology footprint than Shogini.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/infoshogini
• LinkedInlinkedin.com/company/shogini-technoarts-pvt-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Shogini Technoarts