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ICICI Direct's IPO Report
Syrma SGS Technology Ltd. is one of the fastest growing electronics system design and manufacturing companies. It is engaged in the turnkey electronics manufacturing services.
The company has a large product portfolio, which includes printed circuit boards, radio frequency identifications, electromagnetic, electromechanical parts and other products such as SSDs, USB flash drives, etc.
India’s EMS industry is likely to grow at a healthy compound annual growth rate of 30% from Rs 2,654 billion in FY21 to Rs 9,963 billion by FY26. The strong growth is expected to be driven by robust demand for electronic products across all industries (automotive, consumer products, capital goods/ power) where Syrma is present.
Syrma’s wide product portfolio aids faster customer addition and wallet share gains from existing customers. Established relationship with diverse customer base across the world.
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