India's electronics-manufacturing build-out as the manufacturers themselves report it.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Larsen & ToubroCivil ConstructionAnnounced₹4.99 L CrP/E 30.1 vs 14.6ROCE 11.9%
L&T has formed a new Electronics Products & Systems business segment under PES for IP-driven electronics product platforms across energy, mobility, industrial automation and strategic electronics.
“Formation of L&T Electronic Products & Systems, a dedicated business segment under the PES vertical, for creating IP-driven, design-led electronics product platforms to support future growth across energy, mobility, industrial automation, electronics manufacturing and strategic electronics”
+1 more quote from the report
“As part of Lakshya 31, L&T is establishing Electronics Products and Systems (EPS) as a strategic, deep tech, IP led vertical providing the intelligence layer across defence and industrial businesses.”
Concord acquired Fusion Electronics to bring flex PCB, EMS and box-build manufacturing in-house; contribution expected to begin in FY 2026-27 as utilisation progresses.
“The acquisition of Fusion Electronics added advanced electronics manufacturing capabilities across flex PCB, EMS and box-build solutions.”
+1 more quote from the report
“manufacturers, suppliers, importers and exporters of, dealers both wholesale and retail in, service providers and advisers on electrical, electronics, mechanical and other control systems”
Company plans to scale up into manufacturing of electronic display systems for railways, but manufacturing has been closed since 2003-04 with only Rs. 7.70 lakhs in current revenue.
“Samtel India Limited is planning to tap the demands of Indian Railway and gradually scale up its e operations in Indian Railway display systems and other products.”
New Light IndustriesTrading & DistributorsAnnounced₹12 CrP/E 22.2 vs 15.8ROCE 3.8%
Electrical/electronic products and household appliances manufacturing/trading added to MOA objects; no operations or revenue commenced.
“to undertake the manufacturing, trading, import, export, distribution and servicing of electrical and electronic products and household appliances”
How this list is built
Definition used: Contract-manufactures electronics (EMS/ODM), or makes consumer/industrial electronics hardware in India, incl. PLI-scheme participants. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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