India's electronics-manufacturing build-out as the manufacturers themselves report it.
Neolync, a 40% JV (with Israel's Neolync Holdings) held via RIL's wholly-owned RSBVL, manufactures mobile phones, telecom and IT hardware, with RRL purchasing ~₹6,508 crore of devices from it in FY 2025-26.
“The joint venture company, Neolync, manufactures these customer premises equipment / devices and other electronic items like mobile phone, telecom and IT hardware, etc.”
SAMIL operates a Consumer Electronics contract-manufacturing business with three planned plants in India, which grew 7.5x YoY in FY26, achieved EBITDA breakeven, and reached a 14–16 million unit annual production run-rate, but is still in scale-up mode rather than the group's main business.
“Consumer Electronics grew 7.5x in a single year and turned EBITDA positive in its first full year of operations.”
Lumax manufactures automotive electronics (antennas, switches, sensors, telematics, oxygen sensors) through JVs and is commissioning a Mega Mechatronics Plant with captive PCB/SMT lines, making it an EMS-style electronics hardware producer in India.
“To support this scale, we are commissioning a Mega Mechatronics Plant in Manesar, consolidating four joint ventures; Lumax Yokowo, Lumax Alps Alpine, Lumax Ituran and Lumax FAE under one roof, complete with clean rooms and captive Printed Circuit Board and Surface Mount Technology (PCB SMT) lines.”
The SED division manufactures sensors, electronic throttle controls, actuators, digital clusters and rotary sensors as a real growing business segment with 21.2% sales growth and improving margins.
“SUPRAJIT ELECTRONICS DIVISION (SED): SED continued to have strong growth in both revenue and margins. SED sales grew by 21.2% and the EBITDA margins significantly improved to 10.6% from 7.3% of the previous year.”
IFB set up a dedicated Advanced Electronics Division plant in Bangalore with production having begun in September 2025 for a strategic customer, ramping to full capacity by H1 FY27.
“Reflecting the global shift of electronics manufacturing towards India, we set up a dedicated plant in Bangalore. Production began in September 2025, for a strategic customer, and the Division is now ramping up to full capacity by H1 FY 2026-27.”
“With the global realignment of electronics manufacturing towards India, the Company commenced operations at the Advanced Electronics Division (AED) with a dedicated plant set up in Bangalore within four months.”
“start-up expenses incurred towards the Advanced Electronics Division.”
Company manufactures its own retail electronics hardware (billing printers, POS terminals, barcode scanners, thermal printers, AIDC solutions) at its Himachal Pradesh facility as part of its Connected Commerce business.
“Through its portfolio of billing printers, POS terminals, barcode scanners, thermal printers and AIDC solutions, Wepsol continues to evolve this business through portfolio optimization and a greater focus on higher-value retail automation solutions”
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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