Syrma SGS Technology

The story of Syrma SGS Technology is a playbook in strategic consolidation. It began in 2004 when Syrma Technology was incorporated in Chennai, focusing on electronics manufacturing services (EMS). The company quietly built its expertise in precision manufacturing for various industries. A pivotal chapter unfolded in November 2020, when Syrma, a Tandon Group company, announced a merger with SGS Tekniks, a firm founded by Jasbir Singh Gujral with a strong foothold in the automotive and industrial sectors in North India. This cash-and-stock deal created a combined entity with a turnover of over ₹10 billion, significantly expanding its manufacturing footprint and client base across the US and Europe without much overlap. The newly formed Syrma SGS Technology didn't stop there. In 2021, it acquired Perfect ID to bolster its RFID capabilities and a majority stake in Johari Digital Healthcare in 2023, venturing into the medical technology space. This period of rapid expansion culminated in a major milestone: on August 26, 2022, Syrma SGS Technology went public with an IPO on the Bombay Stock Exchange and National Stock Exchange. This move provided the capital for further capacity and capability expansion, cementing its position as a key player in India's electronics design and manufacturing landscape.