The main demand for PCBs comes from the consumer electronics, industrial and automotive electronics markets, as well as from power and telecommunications.
By Richa Chakravarty
Sunday, August 12, 2012: Electronics Bazaar has attempted to rank the Top 12 PCB manufacturers in India on the basis of their revenues for the FY 2010-11, which was verified from the website of the Ministry of Corporate Affairs (MCA), Government of India. Unfortunately, as none of the companies, barring a couple, have filed their current revenues with the MCA, we had to rank them based on the previous year’s turnover. Also, some major companies could not be included in the ranking as they declined to share their revenue figures with us, nor could we procure their balance sheets from the MCA website. We have also not included the companies that manufacture other products besides PCBs, or are into other services besides manufacturing PCBs.
While this survey is by no means comprehensive, it does provide a glimpse into many of India’s key PCB manufacturers.
Disclaimer: While Electronics Bazaar’s editorial team has taken the utmost care to contact all possible sources to make the list comprehensive, we may have inadvertently left out a few companies from this list. Information contained in the following report has been obtained from sources deemed reliable, and Electronics Bazaar makes no claims with respect to its accuracy. Neither Electronics Bazaar nor its affiliates, officers, directors, employees, owners, representatives nor any of its data or content providers shall be liable for any errors or for any actions taken by any entity on the basis of this information.
| Rank | Company Name |
| 1 | AT & S India Pvt Ltd |
| 2 | Ascent Circuits Pvt Ltd |
| 3 | Shogini Technoarts Pvt Ltd |
| 4 | Epitome Components Ltd |
| 5 | Circuit Systems India Ltd/PCB Power |
| 6 | Akasaka Electronics Ltd |
| 7 | Meena Circuits Pvt Ltd |
| 8 | Fine-Line Circuits Ltd |
| 9 | Micropack Ltd |
| 10 | Ace Circuits Pvt Ltd |
| 11 | BLG Electronics Ltd |
| 12 | Sulakshana Circuits Ltd |
| AT&S India Pvt Ltd |
| Annual Revenue (2010-11); Rs 2506 million Ric Rawlley, MD and COO AT&S India Pvt Ltd is a wholly owned subsidiary of Austria Technologie & Systemtechnik AG, Austria, one of the leading manufacturers of PCB in Europe. AT&S AG acquired India’s largest PCB manufacturer in 1999 and significantly expanded its capacity in the years that followed. Year it was established: 1988 |
| Ascent Circuits Pvt Ltd |
| Annual Revenue (2010-11); Rs 916.37 millionPS Sudhakar, CEO
Ascent Circuits has a state of the art reverse pulse plating line. It is a fast growing company with an annual capacity in excess of more than 500,000 sq m of single sided PCBs and 108,000 sq m of double sided, multilayer PCBs. Year it was established: 1999 |
| Shogini Technoarts Pvt Ltd |
| Annual Revenue (2010-11); Rs 884.86 millionSatish Athavale, MD
An ISO 9001-2008 certified and UL approved company, Shogini has two plants of 32,000 sq m and 6000 sq m, with a total annual production capacity of 200,000 sq m. Year it was established: 1979 |
| Epitome Components Ltd |
| Annual Revenue (2010-11); Rs 875.59 millionAnuraag Dhoot, director and CEO
Epitome Components is an Indian company that started off with a manufacturing capacity of15,000 sq m of PCBs per month and today has reached a capacity of 100,000 sq m per month. Its range of products is customised to meet individual needs. Year it was established: 1997 |
| CSIL/PCB Power |
| Annual Revenue (2010-11); Rs 413.73 million Paresh N Vasani, managing director Circuit Systems India Ltd (CSIL) has a strong focus on R&D for process improvements, cost reduction and new product development. Year it was established: 1995 |
| Akasaka Electronics Ltd |
| Annual Revenue (2010-11); Rs 384.40 millionGulu L Mirchandani, chairman
A subsidiary of Mirc Electronics Ltd, Akasaka has adopted process technology from Japan to achieve the critical specifications of track width and spacing. It has an annual capacity of 1 million sq m. Year it was established: 1987 |
| Meena Circuits Pvt Ltd |
| Annual Revenue (2010-11); Rs 265.59 millionBH Patel, chairman
The company has entered into a 100 per cent technology tie-up with hi-tech PCB manufacturer, Amitron Corporation, USA. Location of manufacturing facility: Baroda, Gujarat |
| Fine-Line Circuits Ltd |
| Annual Revenue (2010-11); Rs 240.88 millionAbhay B Doshi, managing director
The company aims to compete in the world markets by continuously improving its capability to handle higher PCB complexity (thinner lines and smaller holes), gearing up for smaller lot sizes, shorter lead times and a broader range of materials. In the FY 2011-12, it registered a total turnover of Rs 220 million. Year it was established: 1991 |
| Micropack Ltd |
| Annual Revenue (2010-11); Rs 230.62 millionSreekar Reddy, CEO
Micropack’s manufacturing unit is spread over an area of 5000 sq m and it has a production capacity of 30,000 sq m per annum. Year it was established: 1984 |
| Ace Circuits Pvt Ltd |
| Annual Revenue (2010-11); Rs 200.54 millionDeep K Patel, director
The company has a 5000 sq m dedicated modern PCB manufacturing facility, and is committed to matching international standards in the design and manufacture of PCBs. Year it was established: 2006 |
| BLG Electronics Ltd |
|
Annual Revenue (2010-11); Rs 122.80 million Rohit Raisurana, director Year it was established: 1990 |
| Sulakshana Circuits Ltd |
| Annual Revenue (2010-11); Rs 111.77 millionC Durga Rao, MD
The company was established by Canadians of Indian origin in 1988 with the technical collaboration of Lazer-Tech (Canada). It has experienced management, skilled manpower and is led by Canadians and Americans of Indian origin and has just doubled its production capacity. Year it was established: 1990 |
Other leading PCB manufacturers in India
Companies Websites
- Anand Electronics & Industries Ltd www.anand-electronics.com
- Apex Test Technologies www.apextest.com
- BCC Fuba India Ltd www.bccfuba.com
- Bharat Electronics Ltd www.bel-india.com
- Bharath Circuits Pvt Ltd www.bharathcircuits.co.in
- BPL Ltd
- Capronics Pvt Ltd
- Cipsa-Ric India Pvt Ltd www.cipsaric.com
- Circuit Technology www.circuittechnology.com
- Cosmic Engineering Enterprises
- DMS Technologies Pvt Ltd www.dmstech.in
- Electronics Corporation of India Ltd www.ecil.co.in
- Fortran Cirkit Electronics Pvt Ltd
- Garg Electronics Pvt Ltd www.gargelectronics.com
- Genus Electrotech Ltd www.genuselectrotech.co.in
- Gyan Cirkitronics Pvt Ltd
- Hirel Circuit Pvt Ltd no website
- Hyderabad Flextech Ltd www.hydflextech.com
- Ibiden India www.ibiden.com
- Companies Websites
- Impex Electronics Pvt Ltd
- Infopower Technologies Ltd
- Jagat RF Solutions India Ltd www.jagatrfs.com
- Jayant Circuits
- Legend Communication Pvt Ltd
- Leo Circuit Boards Pvt Ltd www.leoelectronics.comn
- Micro Interconnexion Pvt Ltd
- Multiline Electronics Pvt Ltd www.meplpcb.com
- Netra Electronics
- NSP Electronics Ltd www.nspblr.com
- Paridhi Electro Chem
- PC Process Pvt Ltd www.pcprocess.in
- Poona Electronics
- QDOS Flexcircuits (India) Pvt Ltd www.qdos.com
- RD Electronics www.rde-design.com
- Supreme Circuits www.supremecircuits.in
- Techno Circuits www.technocircuitsystems.com
- UV Circuits Pvt Ltd
- Vintek Circuits (India) Pvt Ltd
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