Electronics Manufacturing (EMS)

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₹5.63 L CrP/E 33.0 vs 15.4ROCE 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

Annual Report · p. 8
+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.

Annual Report · p. 32
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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