Syrma SGS Technologies Share Price in Focus as Company Seals JV with Italy’s Elemaster

Market Performance

The stock market today saw Syrma SGS Technologies share price stay in focus after a key development in its global expansion journey. On Monday, the stock closed at ₹756.2, reflecting a modest gain of 0.4%. Despite the slight uptick, it underperformed compared to other EMS peers such as Dixon Technologies and Kaynes Technology, which rallied between 5% and 8%.

So far in 2025, Syrma SGS has delivered a healthy 21% return, keeping it on the radar of investors tracking India’s electronics manufacturing sector.

Main News: Strategic JV with Italy’s Elemaster

On Tuesday, September 2, Syrma SGS Technologies Ltd. announced a Joint Venture Agreement (JVA) with Elemaster S.p.A Tecnologie Elettroniche, an Italy-based electronics manufacturer.

The partnership will operate under Syrma’s subsidiary—Syrma SGS Design and Manufacturing Pvt. Ltd., which will now be renamed Syrma SGS Elemaster Pvt. Ltd.

Key highlights of the JV:

• A dedicated India-focused platform to serve high-reliability customers.
• Target sectors: Railway, Industrial, and Medical electronics.
• Location: Bommasandra Industrial Area, Bengaluru.
• Facility size: ~20,000 sq. ft., equipped for SMT, THT, and box-build assembly lines.

This collaboration is designed to strengthen India’s role as a global hub for high-tech manufacturing, aligning with the Make in India initiative.

Company Details: Why the JV Matters

The JV brings together two distinct strengths:

• Syrma SGS → Scaled, cost-efficient manufacturing and execution capabilities.
• Elemaster → Deep design expertise and long-standing trust with European OEMs.

By merging execution with design know-how, the partnership opens up new opportunities in margin-accretive, high-growth markets.

Chairman Sandeep Tandon highlighted that the move is aimed at unlocking growth in rail, industrial, and medical electronics, while creating long-term value for customers and stakeholders.

Notably, this isn’t Syrma’s first international partnership in 2025. Back in July, the company announced another JV with South Korea’s Shinhyup Electronics, focused on multi-layer Printed Circuit Boards (PCBs), including flexible variants.

Summary

• Syrma SGS share price closed at ₹756.2, up 0.4% on Monday.
• Year-to-date, the stock has gained 21% in 2025.
• Company signed a JV with Italy’s Elemaster, forming Syrma SGS Elemaster Pvt. Ltd.
• Facility to be set up in Bengaluru, spanning 20,000 sq. ft.
• Focus areas: Railway, Industrial, and Medical electronics.
• Builds on July’s JV with Shinhyup Electronics for PCB manufacturing.

With global collaborations stacking up, Syrma SGS is clearly positioning itself at the crossroads of India’s electronics manufacturing growth story.