# Syrma SGS to acquire Elcome Integrated Systems for ₹235 crore

Syrma SGS has approved the acquisition of Mumbai-based Elcome Integrated Systems in four tranches, with the first tranche of 60% stake for ₹235 crore. Elcome will also acquire Navicom Technology International.

- Type: Acquisition
- Announced: 2025-11-10
- Where: Mumbai, India
- Value: $28.0M (235.0M INR)
- Status: announced
- Products: defence equipment, maritime equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Syrma SGS](https://endata.com/companies/88364.md) (acquirer)
- [Elcome Integrated Systems](https://endata.com/companies/88365.md) (target)
- [Navicom Technology International](https://endata.com/companies/88366.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/syrma-sgs-to-acquire-defence-and-maritime-equipment-makers-elcome-and-navicom/article70263345.ece), 2025-11-10: "The Board of electronics maker Syrma SGS has approved the acquisition of Mumbai-based Elcome Integrated Systems."

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