Onward Technologies Limited has informed the Exchange regarding a press release dated August 11, 2025, titled "Onward Tech strengthens Chennai presence with office expansion".
ONWARDTEC · price
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Onward Technologies is expanding its Chennai operations by relocating to its largest design center in India, doubling capacity from 1,000+ to 2,000 employees. The new offshore facility will serve global clients in the USA and Europe with digital and engineering R&D services, focusing on Industrial Equipment, Heavy Machinery, Transportation, and Mobility sectors. The company currently has over 2,500 employees across 12 offices in 6 countries, with India operations spread across Chennai, Pune, Bengaluru, and Hyderabad. Management stated the move is driven by rising demand for offshore services from Western clients.
Positive growth signal reflecting strong demand for the company's digital and ER&D services. Capacity doubling in Chennai could support revenue expansion, though no specific investment amount or capex figure was disclosed to gauge the financial impact.