The Indian electronic system design and manufacturing (ESDM) industry is entering a phase of vast potential. According to numbers shared by the Department of Electronics & Information Technology (DeitY) and the Task Force Report, the estimated production of electronics in the country will reach US$ 104 billion by the year 2020, resulting in a gap of US$ 296 billion between demand and what domestic manufacturing can deliver. This creates a unique opportunity for companies in the ESDM sector to look at India as their next destination, to cater to local demand as well as act as an export hub.
Moreover, the government is boosting large scale manufacturing of electronic components in India by setting up manufacturing clusters, initiating skill development schemes and even offering incentive schemes like the Modified Special Incentive Package Scheme (MSIPS). These initiatives have driven the growth of existing players while paving way for new ones to enter.
Electronics Bazaar has attempted to rank the top electronic components manufacturers in India. The ranking is based on the companies’ revenues in the financial year 2013-14. Most of the companies listed have registered growth compared to 2012-13. There has been a change in the rankings of a number of companies. This year, Deki Electronics Ltd has moved ahead of Globe Capacitors Ltd to the third position while Keltron Component Complex Ltd moved down to the sixth position, replacing Cosmo Ferrites Ltd, which moved to the fifth position. However, Epcos India, maintained the first position with a whopping jump of more than 1000 million in total revenue. This year’s top scorers also have a new entry in Rosy Electronics Pvt Ltd, which is ranked eleventh.
The companies ranked, have their components manufacturing facility in India. We have not included companies that manufacture connectors or are solely manufacturing semiconductors. We also chose not to include Bharat Electronics Ltd (BEL) in the ranking as it is a multi-product and multi-unit company. Many companies like Solid State Systems Pvt Ltd, Cermet Resistronics Pvt Ltd, etc, could not be ranked as their revenue figures were not accessible, while some companies also declined to disclose their revenue figures. A few leading companies which did not share their revenue details with us are listed among ‘Other leading electronic components manufacturers in India.’
The revenue figures have been procured from the website of the Ministry of Corporate Affairs (MCA), government of India. Some companies also sent us their balance sheets.
Disclaimer: While Electronics Bazaar’s editorial team has taken 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.
Epcos India Pvt Ltd
Annual revenue (2013-14): ₹ 6918.3 million
Natarajan Balakrishnan, MD and CEO
Epcos India is a member of TDK-EPC Corporation, which is headquartered in Tokyo, Japan. In India, Epcos develops, manufactures and markets electronic components, modules and systems. In 2013, the company commenced production of transformers at its Kalyani plant, with technical knowhow from TDK, for use in white goods.
Established in: 1995
Headquarters in: Kalyani
Manufacturing facilities in: Nashik, Kalyani and Bawal
Components manufactured: LV and MV PFC capacitors, soft ferrite cores, etc
Sectors it caters to: Industrial, infrastructure, IT, consumer, communications, automotive, etc
Contact details: Ph: +91 80 4039 0640; [email protected]; www.epcos.com
Vishay Components India Pvt Ltd
Annual revenue (2013-14): ₹ 2367.2 million
Rajan Shringarpure, MD and director, operations
Vishay Components India Pvt Ltd (VCIPL) is a wholly owned subsidiary of Vishay Intertechnology Inc., a US based company. The company began operations in 1958 as part of Philips in India; and in 2003, Vishay acquired these operations as a standalone Indian outfit. Vishay has two manufacturing facilities in India. It manufactures both passive and active components in the country.
Established in: 1958
Headquarters in: Pune
Manufacturing facilities in: Pune and Mumbai
Components manufactured: Film capacitors, resistors, SCRs, etc
Sectors it caters to: Industrial, automotive, consumer, telecommunications, defence, etc.
Contact details: Ph: +91 20 3051 6200; [email protected], [email protected], [email protected]; www.vishay.com
Deki Electronics Ltd
Annual revenue (2013-14): ₹ 799.5 million
Vinod Sharma, MD
Deki was established in technical collaboration with Okaya Electric Industries Company Ltd, Japan. It manufactures plastic film capacitors at its state-of-art automatic plant with the latest, sophisticated machinery imported from Korea, Taiwan, China and Italy. Its current capacity is 1.2 billion pieces per annum.
Established in: 1984
Headquarters and manufacturing facility in: Noida
Components manufactured: A wide range of capacitors
Sectors it caters to: Consumer electronics, telecom, lighting, medical, industrial and automotive electronics, etc.
Contact details: Ph: +91 120 2584 687/88, 2585 457/58; [email protected]; www.dekielectronics.com
Globe Capacitors Ltd
Annual revenue (2013-14): ₹ 747.5 million
Sanjay Agarwal, MD
Globe Capacitors started its operations with paper/foil based technology and gradually adapted to manufacturing metallised polypropylene capacitors. Today, the company has a state-of-art fully automatic plant. Globe exports 50 per cent of its production, and its products have been certified by UL, CE, ERDA, BIS and TMP.
Established in: 1982
Headquarters and manufacturing facility in: Faridabad
Components manufactured: AC motor-run capacitors, electrolytic start capacitors, etc
Sectors it caters to: Home appliances and electronic applications
Contact details: Ph: +91 129 4275 500; [email protected]; www.globecapacitors.com
Cosmo Ferrites Ltd
Annual revenue (2013-14): ₹ 567.7 million
Ambrish Jaipuria, executive director and CEO
Cosmo Ferrites manufactures soft ferrites at its state-of-art manufacturing facility with an annual capacity of 4350 tons of ferrite powder and 3600 tons of ferrite products. Since inception, Cosmo has maintained its quality standards and has upgraded its production capacity from 500 MT to 3600 MT per annum.
Established in: 1986
Headquarters in: New Delhi
Manufacturing facility in: Jabli, Himachal Pradesh
Components manufactured: A wide range of soft ferrite cores
Sectors it caters to: Lighting, solar, power electronics, etc.
Contact details: Ph: +91 11 4939 8803; [email protected]; www.cosmoferrites.com
Keltron Component Complex Ltd
Annual revenue (2013-14): ₹ 557.7 million
E. Suresh, MD
Keltron Component Complex Ltd (KCCL) is a government of Kerala undertaking and is a subsidiary of the Kerala State Electronics Development Corporation Ltd. Aiming for exponential growth, it is targeting a turnover of ` 2000 million (US$ 43 million) by 2016. Major expansions are being planned by the company, especially in the areas of screw type capacitors, high voltage radial capacitors, MPP capacitors and power factor correction capacitors.
Established in: 1978
Headquarters in: Trivandrum, Kerala
Manufacturing facility in: Kannur, Kerala
Components manufactured: Aluminium electrolytic capacitors, crystals and resistors
Sectors it caters to: Consumer, power and industrial electronics
Contact details: Ph: +91 497281922/2780 735/781 454; [email protected]; www.keltroncomp.org
Desai Electronics Pvt Ltd
Annual revenue (2013-14): ₹ 554.9 million
Vikram M. Desai, MD
Desai Electronics, popularly known as DEC, manufactures plastic film capacitors at its state-of-art plant. DEC recently inaugurated a new manufacturing facility spread over an area of 3000sqm, and the annual capacity of the company now stands at 400 million pieces per annum.
Established in: 1981
Headquarters and manufacturing facility in: Khed Shivapur, Pune
Components manufactured: A wide range of capacitors
Sectors it caters to: Lighting (CFLs and ballasts), power electronics, etc.
Contact details: Ph: +91 20 2438 4254/7; [email protected]; www.deccapacitors.net
BG LI-IN Electricals Ltd
Annual revenue (2013-14): ₹ 529.9 million
Rishi Kumar Bagla, director
BG LI-IN is a joint venture between the Bagla Group and LI-IN Electricals of Taiwan. It manufactures various types of flashers and relays. It has a state-of-the-art automatic manufacturing facility built over an area of 4000sqm. In 2013, the company got recognition for its in-house R&D setup from the Ministry of Science and Technology, government of India.
Established in: 2000
Headquarters and manufacturing facility in: Aurangabad
Components manufactured: Auto and starter relays and flashers, and car security products
Sectors it caters to: Automotive and power industry
Contact details: Ph: +91 240 3250 408-12; [email protected]; www.bgliin.com
Victor Component Systems Pvt Ltd
Annual revenue (2013-14): ₹ 494.1 million
Pawan Sharma, MD
Victor Component Systems manufactures wound components in its three state-of-the-art manufacturing units spread over an area of 32000sqm. Backed by a team of qualified experts, the company caters to the stringent demands of the industry.
Established in: 1989
Headquarters in: New Delhi
Manufacturing facilities in: Noida and Okhla
Components manufactured: SMPS transformers, ferrites, filters, coils, power supplies, etc
Sectors it caters to: Consumer electronics, telecommunications, computers, electronics, energy meters, lighting, etc
Contact details: Ph: + 91 11 2637 2403, 2637 2404; [email protected]; www.victorcomponent.co.in
Incap Ltd
Annual revenue (2013-14): ₹ 381.4 million
Bhagavantha Rao, MD
Incap manufactures electrolytic capacitors and composite polymer insulators. Its state-of-the-art plant is equipped with machinery imported from Japan and Taiwan. Incap has a comprehensive in-house testing facility, with a fully equipped laboratory with T&M instruments of international standards. Currently, the company is executing an order for 400KV insulators for Teesta Valley Power Transmission Ltd.
Established in: 1992
Headquarters and manufacturing facility in: Vijayawada
Components manufactured: Electrolytic capacitors, insulators, etc
Sectors it caters to: Industrial electronics
Contact details: Ph: +91 866 2842 479; [email protected]; www.incaplimited.com
Rosy Electronics
Annual revenue (2013-14): ₹ 373 million
Rosy Electronics Pvt Ltd began its journey in 1967 with a meagre capital and a small work force but with the determination to manufacture intermediate frequency transformers for audio equipment. With quality, competitive prices, prompt delivery and service to customers as its guiding principles, Rosy Electronics carved out a niche for itself in the market. With time, it achieved further growth and a reputation for excellence. R&D has been the company’s forte throughout this journey.
Established in: 1967
Headquarters and manufacturing facility in: New Delhi
Components manufactured: Current transformers, power transformers, SMPS transformers, line filter transformers, choke coils, RFIF transformers, toroidal coils and transformers, ferrite based transformers, etc
Sectors it caters to: Power back-up, electronics, communication, telecommunication, lighting, etc
Contact details: +91 11 4719 6666, [email protected], www.rosyelectronics.com
Alcon Electronics Pvt Ltd
Annual revenue (2013-14): ₹ 323 million
Anup R. Sachdev, CMD
Alcon is a manufacturer of a wide range of high CV screw terminal type aluminium electrolytic capacitors and film capacitors. Alcon’s USP has been its custom design capabilities, and responsiveness to its clients’ needs. Alcon is ISO 9001 and ISO 14001 certified.
Established in: 1977
Headquarters and manufacturing facility in: Nashik
Components manufactured: High CV screw terminal type aluminium electrolytic capacitors,
IGBT, etc
Sectors it caters to: Power electronics, green energy products, welding equipment, as well as defence traction and telecom equipment
Contact details: Ph: + 91 253 2350 533; [email protected]; www.alconelectronics.com
Watts Electronics Pvt Ltd
Annual revenue (2013-14): ₹ 317.5 million
S. Ramakrishnan, director, marketing and sales
Watts Electronics manufactures a wide range of resistors, and specialises in a full range of metal film, carbon film, metal oxide, wirewound resistors, etc. The company has five production lines with a total capacity of one billion resistors per year. It entered the lighting industry with CFLs, ballasts and other lighting products under its own brand name in 2011.
Established in: 1980
Headquarters and manufacturing facility in: Cochin
Components manufactured: Resistors, capacitors, etc
Sectors it caters to: Automotive, lighting, instrumentation, electronic appliances and consumer electronics
Contact details: Ph: +91 484 2368 022, 2373 892; [email protected], [email protected]; www.wattselectronics.co.in
Genius Electrical & Electronics Pvt Ltd
Annual revenue (2013-14): ₹ 262.2 million
Satish Jain, MD
Genius Electrical & Electronics designs and manufactures a wide range of transformers. The company operates from two set-ups built on an area of about 3900sqm, equipped with the best German machines. It has an in-house R&D and fully equipped testing lab.
Established in: 1991
Headquarters in: New Delhi
Manufacturing facility in: New Delhi
Components manufactured: Transformers, SMPS, AC/DC adaptors, etc.
Sectors it caters to: Power electronics
Contact details: Ph: +91 11 8113 545, 2811 7826, 2811 6013; [email protected], [email protected]; www.geniusindia.com
Prismatic Engineering Pvt Ltd
Annual revenue (2013-14): ₹ 150.7 million
Rajiv Pandit, MD
Prismatic manufactures ferrite core-based switching power transformers, as well as common mode and differential mode input filter chokes. The company moved into a 929.03sqm facility in Bengaluru in 2007, and set up its trading division in early 2008.
Established in: 1994
Headquarters in: Bengaluru
Manufacturing facilities in: Parwanoo and Bengaluru
Components manufactured: Switching power transformers and filter chokes
Sector it caters to: Power electronics
Contact details: Ph: +91 80 2782 6274-76; [email protected]; www.prismatic.co.in
Other leading electronic components manufacturers
Cermet Resistronics Pvt Ltd
Pradeep Khadilkar, CMD
Cermet is a manufacturer of electronic and electrical resistors. It is an ISO 9001:2008 certified company with an annual growth rate of 40 per cent. Its exports make up 20 per cent of its turnover. Cermet has maintained its high-quality standards and is well known for its custom-built solutions. It is all set to diversify and start production of specialised plastic film or film foil capacitors.
Established in: 1990
Headquarters and manufacturing facility in: Pune
Components manufactured: Film resistors, wirewound resistors and thick film/high voltage
resistors
Sectors it caters to: Auto electronics, industrial electronics, the telecom industry, defence, etc.
Contact details: Ph: 09975596459/60; [email protected]; www.resistorcermet.com
Gujarat Poly-AVX Electronics Ltd
Tanil R. Kilachand, chairman
Gujarat Poly-AVX Electronics is jointly promoted by Polychem Ltd, AVX Corporation of USA and the Gujarat Industrial Investment Corporation Ltd (GIIC). It manufactures capacitors and varistors in its factory, spread across 5000sqm. During the FY 2013-14, the company recorded a production output of 170.606 million pieces, an increase of 23 per cent over the previous year.
Established in: 1989 and production commenced in 1993
Headquarters in: Mumbai
Manufacturing facility in: Gandhinagar
Components manufactured: Multi-layer ceramic capacitors in chip and leaded (radial and axial) configurations, single-layer ceramic capacitors and metal oxide varistors
Sectors it caters to: Telecommunications, industrial, medical and consumer electronics
applications
Contact details: Ph: +91-022-22820048; www.polyavx.com
General Industrial Controls Pvt Ltd
Ajay S. Chordiya and Ojas S. Chordiya, joint Mds
General Industrial Controls Pvt Ltd (GIC) manufactures components like relays, switches, PLCs, etc. It also manufactures various injection moulded plastic and sheet metal components. An ISO 9001:2008 and TS 16949 certified organisation, it has a state-of-art plant with facilities for everything from ‘design to delivery’ integrated under one roof.
Established in: 1972
Headquarters in: Mumbai
Components manufactured: Relays, switches, PLCs, injection moulded plastic and sheet metal components
Sectors it caters to: Consumer, power and industrial electronics
Contact details: Ph: +91-20-30680003/30680004; [email protected]; www.gicindia.com
Radius Industries
Inderpreet Singh Bindra, director
Radius Industries is an ISO 9001-2008 certified company, and offers international quality reliable electronic components under the brand name Radcom. At Radius, the emphasis is on quality and service. It has a full-fledged sales and marketing team with a strong network of competent distributors and dealers spread across the country.
Established in: 1998
Headquarters: New Delhi
Components range : Transistors, ICs, MOSFETs, MOVs, NTCs, ceramic chip capacitors, LEDs, resistors, rectifiers, bridges, schottky diodes and rectifiers, etc in chip and through hole.
Brands it offers: Radcom
Sectors it caters to: Communications, power electronics, consumer electronics, lighting and mobile chargers, etc
Contact details: Ph: +91 11 2638 6843, 2638 3057; [email protected]; www.radcomsemi.com
Solid State Systems Pvt Ltd
Naushaad Hasan, MD
Solid State Systems, also known as Syscap, manufactures metallised polypropylene film capacitors. During the last 30 years, the company has expanded considerably in terms of volume and product range, manufacturing to international quality standards. It has a fully equipped and automated plant.
Established in: 1972
Headquarters and manufacturing facility in: Bengaluru
Components manufactured: A wide range of capacitors
Sectors it caters to: Power electronics, the railways and lighting
Contact details: Ph: +91 80 2797 1145; [email protected]; www.syscapindia.com
Speedofer Components Pvt Ltd
Randhawa B.S., MD
Speedofer Components manufactures soft ferrite cores used in making transformers, inductors, chokes, etc. The company generates about 15 per cent of total revenues from exports. The current production capacity is 100 tons per month. Speedofer is also gearing up for an R&D establishment.
Headquarters in: Noida
Manufacturing facility in: Greater Noida
Components manufactured: A wide range of soft ferrite cores
Sectors it caters to: Consumer electronics, LED lighting, solar, electrical industries, telecommunications, etc
Contact details: Ph: +91 120 4278 911-16; [email protected]; www.speedofer.com
Thakor Electronics Ltd
Dilip Shah, CMD
Thakor Electronics was founded after Thermax Electronics Ltd was acquired in 2001. Under the brand name Thakor, the company started production of passive components in 2002 at a facility spread over 4468sqm.
Established in: 2001
Headquarters in: Bhiwandi
Manufacturing facility in: Pune
Components manufactured: Resistors, CFR, MFR, MOR, etc
Sector it caters to: Industrial electronics
Contact details: Ph: 02522 280 277; [email protected], [email protected]; www.thakorelectronics.com
