# Syrma SGS and Elemaster form JV for electronics manufacturing in Bengaluru

Syrma SGS Technologies entered a joint venture with Italy's Elemaster to manufacture electronics for railway, industrial, and medical clients. The JV will set up a facility in Bengaluru with an initial investment of ₹55 crore, targeting ₹200 crore revenue by FY27.

- Type: Partnership
- Announced: 2025-09-03
- Where: Bengaluru, India
- Value: $660K (55.0M INR)
- Status: announced
- Products: electronics for railway, industrial, and medical clients
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Elemaster](https://endata.com/companies/38768.md) (partner)
- [Syrma SGS Technologies](https://endata.com/companies/87051.md) (partner)

## Sources

- [cnbctv18.com](https://www.cnbctv18.com/business/companies/syrma-sgs-elemaster-to-deliver-rupee-200-cr-revenue-by-fy27-margins-in-double-digits-semiconductor-19663571.htm), 2025-09-03: "Mumbai-based electronics components maker Syrma SGS Technologies has entered into a joint venture with Italy’s Elemaster to manufacture cost-efficient, high-quality products for railway, industrial, and medical clients."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.