By Richa Chakravarty
Monday, September 1, 2014: According to a report by the Indian Printed Circuit Association (IPCA), the demand for PCBs in India has increased at a CAGR of 35 per cent year on year. The local PCB industry not only serves the domestic market but about 24 per cent of what is manufactured annually is exported. Indian PCB manufacturers have also enhanced their production capabilities from single layer PCBs to 16-24 layer PCBs.
Despite the fact that almost 75 per cent of domestic demand is met by imports, the PCB sector is doing well.
Here we have ranked the top 15 PCB manufacturers in India, based on their turnover for FY 2012-13. The revenue figures have been procured from the website of the Ministry of Corporate Affairs (MCA), Government of India, and verified by the companies themselves. Some revenue figures were also provided by the companies.
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.
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Top 15 PCB MANUFACTURERS IN INDIA Ranked on the basis of revenue, FY 2012-13 |
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Rank |
Company |
Revenue (in Rs, million) FY 2012-13 |
Revenue (in Rs, million) FY 2011-12 |
| 1 |
AT&S India Pvt Ltd |
3225.00 |
3094.00 |
|
2 |
Genus Electrotech Ltd |
2825.90 |
2380.00 |
|
3 |
Shogini Technoarts Pvt Ltd |
1127.00 |
942.75 |
|
4 |
Ascent Circuits Pvt Ltd |
1040.00 |
867.10 |
|
5 |
Epitome Components Ltd |
935.39 |
797.57 |
|
6 |
CIPSA-TEC India Pvt Ltd |
574.80 |
647.62 |
|
7 |
Meena Circuits Pvt Ltd |
400.31 |
423.37 |
|
8 |
Circuit Systems India Ltd/PCB Power |
263.62 |
305.98 |
|
9 |
Fine-Line Circuits Ltd |
253.17 |
222.37 |
|
10 |
Micropack Ltd |
244.38 |
234.83 |
|
11 |
Vintek Circuits (India) Pvt Ltd |
232.47 |
171.93 |
|
12 |
Garg Electronics Pvt Ltd |
190.13 |
— |
|
13 |
Akasaka Electronics Ltd |
175.69 |
325.04 |
|
14 |
BLG Electronics Ltd |
174.10 |
115.37 |
|
15 |
Sulakshana Circuits Ltd |
141.34 |
116.53 |
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Rank 1 AT&S India Pvt Ltd |
 Annual revenue (FY 2012-13): Rs 3225 million Guenter Hermann Weiss, MD and COO AT&S India is a subsidiary of the European company, AT&S AG, which is a technically advanced manufacturer of PCBs. Besides its facility in India, it has five more plants across the globe. The Indian facility concentrates on medium to high volume production of PCBs for industrial and automotive customers. During the year, the company produced 337,425 sq m of PCBs which amounted to a 3.73 per cent growth over production in 2011-12. It also introduced new technology/processes during the year including internal chamfering with control depth routing, using new semi-flex PCB technology, blind via technology, etc.
Contact details: Ph: 08221-304010, [email protected], www.ats.net |
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Rank 2 Genus Electrotech Ltd |
 Annual revenue (FY 2012-13): Rs 2825.90 million (a multi-product company) Vishnu Todi, MD Genus is a PCB manufacturing company with total backward integration, right from the bare PCB to corrugated/EPS manufacturing of all types of products. It has a modern PCB manufacturing plant spread over an area of 72,000 sq m consisting of an automatic component insertion line, and an SMT line. Today the company has more than 146 high-turnover distributors in six states and more than 4083 dealers.
Contact details: Ph: 91-2836-240872, [email protected], [email protected], [email protected], www.genuselectrotech.co.in |
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Rank 3 Shogini Technoarts Pvt Ltd |
 Annual revenue (FY 2012-13): Rs 1127 million Satish Athavale, MD Shogini Technoarts is an ISO 9001-2008 certified and UL approved PCB manufacturing company. It produces professional grade PCBs at its plant in Pune, which is spread over 32,000 sq m. A separate plant with a floor area of 6000 sq m is being constructed for quick turnaround prototypes, as well as single-sided and metal-clad PCBs. With state-of-the-art technology, the company produces PCBs ranging from single-sided variants to those with eight layers. It has an annual production capacity of 200,000 sq m. It also makes metal-clad PCBs for lighting and automotive applications.
Contact details: Ph: 09822002395, [email protected], www.shogini.com |
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Rank 4 Ascent Circuits Pvt Ltd |
 Annual revenue (FY 2012-13): Rs 1040 million P Manjunath, MD Ascent Circuits manufactures PCBs and has an annual capacity of over 500,000 sq m for single-sided PCBs and over 200,000 sq m for double-sided/multi-layer PCBs. The company has a state-of-the-art reverse pulse plating line at its plant. This ensures high reliability in PTH, especially for high-end applications. It exports more than 45 per cent of its current production to USA, Europe and Israel.
Contact details: Ph: +91-04344 -271123/271124/271125/271126/271127/271129, [email protected], www.ascentcircuits.com |
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Rank 5 Epitome Components Ltd |
 Annual revenue (FY 2012-13): Rs 935.39 million Annual revenue (FY 2013-14): Rs 1017.40 million Anuraag Dhoot, CEO Epitome Components commenced production of single-sided PCBs with an initial capacity of 15,000 sq m/month. Its current capacity of single-sided PCBs stands at 100,000 sq m/month; double-sided and multi-layer and RF PCBs 10,000 and 5000 sq m/month.
Contact details: Ph: 91-2488-243136, 91-241-277781, [email protected], www.epitomeindia.com |
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Rank 6 CIPSA-TEC India Pvt Ltd |
 Annual revenue (FY 2012-13): Rs 574.80 million Alok Garg, MD CIPSA-TEC (formerly CIPSA-RIC India Pvt Ltd) has its manufacturing facility in Karnataka which is spread over 61,500 sq m. It is backed by partners from Spain and Italy for continuous technology upgradation. Its current capacity stands as 15,000 sq m/ month.
Contact details: Ph: 0816-2243400, [email protected], www.cipsatec.com |
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Rank 7 Meena Circuits Pvt Ltd |
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Annual revenue (FY 2012-13): Rs 400.31 million  Meena Circuits is backed by a 100 per cent technology tie-up with Amitron Corporation, USA. It uses the latest technology, equipment and ultra modern processes to deliver the best quality of PCBs. It uses dynamotion five spindle machines for medium to high volume production.
Contact details: Ph: +91-2667-251791/251792/251793/251794, [email protected], www.meenacircuits.com |
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Rank 8 Circuit Systems India Ltd/PCB Power |
 Annual revenue (FY 2012-13): Rs 263.62 million Paresh Vasani, MD PCB Power/CSIL is not only a manufacturer but a total solutions provider, offering technological consultation, design assistance, R&D requirements and tailor-made services for PCBs. With a capacity of 100 orders/day, it focuses on the high-mix medium volume business.
Contact details: Ph: 07923287086-88, [email protected]; www.pcbpower.com |
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Rank 9 Fine-Line Circuits Ltd |
 Annual revenue (FY 2012-13): Rs 253.17 million Abhay B Doshi, MD Fine-Line Circuits manufactures PCBs from single-sided to the 16-layered varieties. With 100 per cent of its capacity exported to USA, UK, Germany, Switzerland, the Netherlands and Singapore, the company is UL E146621 A, ISO 900 1:2008 and TUV # 04 100 057048-E3 certified.
Contact details: Ph: +91 22 28290244, [email protected], www.finelineindia.com |
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Rank 10 Micropack Ltd |
 Annual revenue (FY 2012-13): Rs 244.38 million Sreekar Reddy, CEO Micropack provides complete bare PCB solutions with a varied product range covering rigid multi-layered PCBs. It has a production capacity of 30,000 sq m/annum and manufactures more than 500 designs a month. Its state-of-the-art manufacturing facility is spread over an area of 5000 sq m.
Contact details: Ph: 91-80-27825223/27825224, [email protected], www.micro-pack.com |
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Rank 11 Vintek Circuits (India) Pvt Ltd |
 Annual revenue (FY 2012-13): Rs 232.47 million Vinit Lal, director Vintek has two manufacturing plants with a covered area of 3716.1 sqm producing single-sided PCBs in huge volumes. Its machinery has been imported from reputed manufacturers in Taiwan and China. It has in-house CAD and CAM facilities to give technical support and provide engineering solutions. It has been manufacturing metal core PCBs for LED products for two years now.
Contact details: Ph: 0124-4367770/71 72, [email protected], [email protected] |
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Rank 12 Garg Electronics Pvt Ltd |
 Annual revenue (FY 2012-13): Rs 190.13 million Rajneesh Garg, chairman Garg Electronics has three PCB manufacturing plants with production capacity at its Panchkula unit amounting to 200,000 sq m/annum and its Baddi and Barwala units producing 60,000 and 20,000 sq m per annum, respectively. The company is ISO 9000-2008 approved. It also has CACT and UL approval.
Contact details: Ph: 91-172-2591449, [email protected], [email protected], www.gargelectronics.com |
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Rank 13 Akasaka Electronics Ltd |
 Annual revenue (FY 2012-13): Rs 175.69 million Gulu Mirchandani, chairman Akasaka Electronics is a subsidiary of Mirc Electronics Ltd. Akasaka manufactures single-sided PCBs. With process technology from Japan, it delivers superior quality PCBs with a technical and commercial edge. Its annual capacity has been upgraded to 1 million sq m/annum. It also plans to set up facilities for the manufacture of double-sided and multi-layered PCBs for ‘new technology’ products.
Contact details: Ph: +91-22-2761-7371/7373/2322/3126, [email protected], www.akasakapcb.com |
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Rank 14 BLG Electronics Ltd |
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Annual revenue (FY 2012-13): Rs 174.10 million Rohit Raisurana, director The company manufactures and exports single sided, double sided and multi-layered PCBs with surface finishes that include HASl, gold plating, nickel plating and peelable masks. It is among the major PCB players in the market and is located at Gandhinagar, Ahmedabad, in Gujarat.
Contact details: Ph: + 91-79-3224479, 3224481, [email protected], www.blgpcb.com |
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Rank 15 Sulakshana Circuits Ltd |
 Annual revenue (FY 2012-13): Rs 141.34 million Krishna Rao, chairman Sulakshana Circuits was established in technical collaboration with Lazer-Tech (Canada). It manufactures double-sided and multi-layer PCBs, and produces high-quality PCBs in medium to high volumes. Spread over 5 acres of land, it utilises high-quality imported materials and modern manufacturing processes, to produce boards of the highest quality at competitive prices.
Contact details: Ph: +91-40-3242-0340, [email protected], www.sclpcb.com |
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