According to a study by Electronics Bazaar, there will be a major demand for domestically-manufactured PCBs in the coming years, as the government has made it mandatory to use India-made PCBs as a part of the value-addition clause under the Preferential Market Access (PMA) guidelines. This, in turn, should significantly boost PCB manufacturing in India. According to Indian Printed Circuit Association (IPCA), the present value of the Indian PCB market is worth Rs 48 billion, of which one-third is met by domestic producers.
Electronics Bazaar (EB) attempted to rank the top PCB manufacturers in India, and conducted a survey in June 2013 to ascertain the leaders in this field.
By Srabani Sen & Richa Chakravarty
Wednesday, August 28, 2013: According to a study by Electronics Bazaar, there will be a major demand for domestically-manufactured PCBs in the coming years, as the government has made it mandatory to use India-made PCBs as a part of the value-addition clause under the Preferential Market Access (PMA) guidelines. This, in turn, should significantly boost PCB manufacturing in India. According to Indian Printed Circuit Association (IPCA), the present value of the Indian PCB market is worth Rs 48 billion, of which one-third is met by domestic producers.
Electronics Bazaar (EB) attempted to rank the top PCB manufacturers in India, and conducted a survey in June 2013 to ascertain the leaders in this field.
The methodology
A) We have ranked only those companies that manufacture PCBs in India based on their revenues.
B) Most of the companies ranked are exclusively into PCB manufacturing in India, while a couple of them are into multiple businesses within the country, which has been indicated in their profiles.
C)Many companies like NSP Electronics, Sonic Technology, Hi Q Electronics, Veratroniks Automated Circuits & Systems, DMS Technologies Pvt Ltd, etc, could not be ranked as their revenue figures were not accessible. We have also not ranked Electronics Corporation of India Ltd (ECIL) because PCB manufacturing is not a major part of its business operations.
D) The revenue figures have been procured from the website of the Ministry of Corporate Affairs (MCA), Government of India, and verified by the companies; some figures were also provided by the companies themselves.
E) Another survey was also conducted across India to gauge the popularity of the PCB brands available in the country.This survey was done among the PCB distributors, end-users and PCB association members.
F) This survey also included companies that do not manufacture in India, but their brands are popular in the country. The majority of these companies just conduct trading operations in India, either through distributors or direct sales offices. The results of this survey have been shared in the table on Page 43.
G) This survey revealed that the national brands are much more popular than the international brands.
While both the surveys are by no means comprehensive, we request our readers to share their feedback to help us make these reports more useful.
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, REVENUE-WISE |
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| These companies manufacture PCBs in India. Some of these companies are MNCs as well | |||
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Rank |
Company |
Brands |
Revenue in Rs million (India sales figures) FY 2011-12 |
|
Rank 1 |
AT&S India Pvt Ltd |
AT&S |
3094.00 |
|
Rank 2 |
Genus Electrotech Ltd |
Genus Electrotech |
2380.00 |
|
Rank 3 |
Shogini Technoarts Pvt Ltd |
st |
942.75 |
|
Rank 4 |
Ascent Circuits Pvt Ltd |
Ascent Circuits |
867.10 |
|
Rank 5 |
Epitome Components Ltd |
Epitome |
797.57 |
|
Rank 6 |
CIPSA-TEC India Pvt Ltd (formerly CIPSA-RIC) |
CIPSA-TEC |
647.62 |
|
Rank 7 |
Meena Circuits Pvt Ltd |
Meena |
423.37 |
|
Rank 8 |
Akasaka Electronics Ltd |
Akasaka |
325.04 |
|
Rank 9 |
Circuit Systems India Ltd/PCB Power |
CSIL/PCB Power |
305.98 |
|
Rank 10 |
Fusion Electronics Pvt Ltd |
Fusion |
266.70 |
|
Rank 11 |
Micropack Ltd |
MP |
234.83 |
|
Rank 12 |
Fine-Line Circuits Ltd |
Fine-Line |
222.37 |
|
Rank 13 |
Vintek Circuits India Pvt Ltd |
Vintek Circuits |
171.93 |
|
Rank 14 |
India Circuits Ltd |
ICL |
154.69 |
|
Rank 15 |
Sulakshana Circuits Ltd |
SCL |
116.53 |
| Top 15 PCB Brands available in India, as per EB Survey | |
|
Rank |
Brands |
| Rank 1 |
CSIL/PCB Power |
|
Rank 2 |
st (Shogini) |
|
Rank 3 |
Epitome |
|
Rank 4 |
Fine-Line |
|
Rank 5 |
AT&S |
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Rank 6 |
Ascent Circuits |
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Rank 7 |
Akasaka |
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Rank 8 |
BLG Electronics |
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Rank 9 |
Cipsa-Tec |
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Rank 10 |
Hi-Q |
|
Rank 11 |
GE (Garg Electronics) |
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Rank 12 |
BCC Fuba |
|
Rank 13 |
Wruth |
|
Rank 14 |
SCL |
|
Rank 14 |
Meena |
|
Rank 15 |
Genus Electrotech |
Major single-sided PCB manufacturers as per EB survey*
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Akasaka Electronics Ltd
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Ascent Circuits Pvt Ltd
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Epitome Components Ltd
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Genus Electrotech Ltd
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India Circuits Ltd
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NSP Electronics
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Shogini Technoarts Pvt Ltd
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Vintek Circuits (India) Pvt Ltd
Some Major double-sided/multilayer PCB manufacturers as per EB Survey*
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Ascent Circuits Pvt Ltd
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AT&S India Pvt Ltd
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Genus Electrotech Ltd
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CIPSA-TEC India Pvt Ltd
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Circuit Systems India Ltd/PCB Power
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Fine-Line Circuits Ltd
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Fineline Circuit Company
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Hi-Q Electronics
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Meena Circuit Pvt Ltd
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Shogini Technoarts Pvt Ltd
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Sonic Technology (India) Inc
These are the companies that could have qualified in the Top 15 list, but due to non-availability of their revenues, we could not rank them. Hence other companies climbed up the ladder taking up position in the ranking.
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Ace Circuits Pvt Ltd
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BCC Fuba India Ltd
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DMS Technologies
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Pvt Ltd
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Hi-Q Electronics
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PC Process Pvt Ltd
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SB Electronics
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Sonic Technology
| Rank 1- AT&S India Pvt Ltd |
 Annual Revenue 2011-12: Rs 3094 million AT&S India is a subsdiary of the European company, AT&S AG, which is a technically advanced producer of PCBs. Besides its facility in India, it has five more facilities across the globe. The Indian facility concentrates on medium to high volume PCBs for industrial and automotive customers. AT&S India employs around 1035 employees in India with a production capacity of 380,000 sq m. Year of establishment in India: 1999 Headquarters: Nanjangud, Karnataka Manufacturing facility: Nanjangud, Karnataka Types of PCBs manufactured in India: Double-sided & multilayer PCBs with up to 18 layers Segments covered/applications: Automotive, industrial, medical, aerospace Contact details: Ph: 08221-304010, [email protected], www.ats.net |
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Rank 2- Genus Electrotech Ltd |
 Annual Revenue 2011-12: Rs 2380 million (a multi-product company) Genus is a PCB manufacturing company with total backward integration, right from the bare PCB to corrugated/EPS manufacturing of all types of consumer electronics, as well as IT, automobile and communication products. It has a modern manufacturing plant spread over an area of 72,000 sq m consisting of a high tech PCB plant, an automatic component insertion line, an SMT line, a final assembly line CE, HA & IT, an automatic powder coating/liquid paint shop, a plastics and sheet metal moulding and cable plant etc. Year of establishment in India: 2005 Headquarters: Gandhidham, Gujarat Manufacturing facility: Gandhidham, Gujarat Types of PCBs manufactured in India: Multilayer PCBs, single and double sided PCBs Segments/applications covered: Automotive, industrial, telecommunications and other peripheral sectors Other products manufactured: Cables, energy metres, TV sets, washing machines, LCD/TFT monitors, thermocol, corrugated boxes, etc Contactdetails: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 2011-12: Rs 942.75 million Shogini Technoarts is an ISO 9001-2008 certified and UL approved PCB manufacturing company. Shogini produces professional grade PCBs at its plant in Pune, spread over 32,000 sq m. A separate plant with a floor area of 6000 sq m is being constructed for quick turn-around prototypes, as well as single-sided and metal clad PCBs. With state-of-the-art technology, the company produces PCBs from single side to eight layers with a total annual production capacity of 2,00,000 sq m. It also makes metal clad PCBs for lighting and automotive applications. Year of establishment in India: 1979 Headquarters: Pune, Maharashtra Manufacturing facility: Khed-Shivapur, PuneTypes of PCBs manufactured in India: Single-sided PCBs, double-sided PTH PCBs, multilayer PCBs up to eight layers (both RoHS and non-RoHS compliant), metal clad PCBs, etc Segments covered/applications: Automotive, power electronics, telecommunication, industrial electronics, computer peripherals and LED lighting Contact details: Ph: 09822002395, [email protected], www.shogini.com |
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Rank 4-Ascent Circuits Pvt Ltd |
 Annual Revenue 2011-12: Rs 867.1 million Ascent Circuits manufactures PCBs and has an annual capacity in excess of 500,000 sq m of single-sided PCBs and over 2,00,000 sq m of double-sided/multilayer PCBs. The company’s 74322.43 sqft, state-of-the-art plant is complete with latest reverse pulse plating line, Posalux ultra speed drillers and routers, Muraki X-ray registration, and Orbotech AOI, Plasma De-Smear for multilayers, etc. It exports more than 45 per cent of its current production to markets in USA, Europe & Israel. Year of establishment in India: 1990 Headquarters: Hosur, Tamil Nadu Manufacturing facility: Hosur, Tamil Nadu Types of PCBs manufactured in India: Single-sided PCBs, double-sided PCBs and multilayer PCBs Segments covered/applications: Industrial power control, telecom, automobiles, lighting microwave & RF applications 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 2011-12: Rs 797.57 million (Annual Revenue 2012-13: Rs 1046.3 million) Epitome Components is a privately held company promoted by the Dhoot family. The company commenced production of single-sided PCBs with an initial capacity of 15,000 sq m/month. Today, its production capacity of single-sided PCBs stands at 100,000 sq m/month, double-sided and multilayer PCB as 10,000 sq m/month, RF PCB and metal clad PCB as 7000 sq m/month each. The company has mass satisfied company base within India and abroad. It exports PCBs to Germany, Poland, Brazil, UK, Israel and Turkey. Year of establishment in India: 1997 Headquarters: Ahmednagar, Maharashtra Manufacturing facilities: Two units in Ahmednagar and one unit in SUPA MIDC, Maharashtra Products manufactured: Single-sided PCBs, double-sided PCBs, RF PCBs and metal clad PCBs Segments covered/applications: Automotive, power, consumer, defence, telecom, lighting, etc. Contact details: Ph: 91-2488-243136, 91-241-277781, ceoepitomindia.com, [email protected], www.epitomeindia.com |
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Rank 6-CIPSA-TEC India Pvt Ltd |
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Annual Revenue 2011-12: Rs 647.62 million (Annual revenue FY 2012-13 Rs 692.00 million) Alok Garg, MD With 25 years of PCB manufacturing, Cipsa-Tec (formerly CIPSA-RIC India Pvt Ltd) is among the largest Indian PCB manufacturers backed by European partners (Spain and Italy) for continuous technology upgradation. Its manufacturing facility is spread over 61500 sq m of land area with potential to double the capacity. The company’s current capacity is approximately 15,000 sq m per month (of which 75% plus is two-layer and the rest are four and six layers PCBs). It has the potential to ramp up to 25,000 sq m per month in next 3 years. Its European facility is a state-of-the-art facility with maximum automisation possible, least manual intervention. It delivers any quantity from 1pc to 1 million pcs with consistent lead time of 4 to 7 days for quick turn requirements and maximum 3 weeks for any volumes. Year of establishment in India: 1987 Headquarters: Tumkur, Karnataka Manufacturing facility: Tumkur, Karnataka Types of PCBs manufactured in India: Double-layer PCBs, multilayer PCBs, metal clad PCBs Segments covered/applications: Automotive, energy sector, industrial, telecommunications and peripheral sector Contact details: Ph: 0816-2243400, [email protected], www.cipsatec.com |
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Rank 7-Meena Circuits Pvt Ltd |
 Annual Revenue 2011-12: Rs 423.37 million Meena Circuits is backed by 100 per cent technology tie-up with Amitron Corporation, USA, which has more than 40 years of high tech PCB manufacturing experience. The company has latest technology equipment and ultra modern process to deliver the best quality PCBs. Meena Circuits uses dynamotion five spindle machines for medium to high volume production. Year of establishment in India: 2005 Headquarters: Vadodara, Gujarat Manufacturing facilities: Vadodara, Gujarat Types of PCBs manufactured in India: Multilayer PCBs upto 16 layers Segments covered/applications: Telecom, automotive, computer peripherals, consumer, medical, industrial, military and defense Contact details: Ph: +91-2667-251791/251792/251793/251794, [email protected], www.meenacircuits.com |
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Rank 8-Akasaka Electronics Ltd |
 Annual Revenue 2011-12: Rs 325.04 million Akasaka Electronics is a subsidiary of Mirc Electronics Ltd, a company that manufactures and markets consumer electronic products. Akasaka also manufactures single-sided PCBs. With process technology from Japan to achieve critical specifications of track width and spacing, it delivers superior quality PCBs with a technical and commercial edge. Its annual capacity has been upgraded to 1 million sq m/annum. Year of establishment in India: 1987 Headquarters: Navi Mumbai, Maharashtra Manufacturing facility: Navi Mumbai, Maharashtra Products manufactured: Single-sided PCBs Contact details: Ph: +91-22-2761-7371/7373/2322/3126, [email protected], www.akasakapcb.com |
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Rank 9-Circuit Systems India Ltd/ PCB Power |
 Annual Revenue 2011-12: Rs 305.98 million PCB Power/CSIL is a leading PCB manufacturer which offers reliability as its core competence to customers, worldwide. Besides manufacturing, it is also a total solutions provider, and offers technological consultation, design assistance, R&D requirements and tailor-made services for PCBs. With capacity of 100 orders/day, serving customers for proto/small/medium volume requirements, it focuses on high-mix medium volume business. It offers flexible deliveries from 24 hours to three weeks as per customer demand with support of online services for pricings, ordering and logistic tracking. Year of establishment in India: 1996 Headquarters: Gandhinagar, Gujarat Manufacturing facility: Gandhinagar, Gujarat Products manufactured: PCBs up to 24 layers, ML with blind buried vias, ML with impedance control and metal clad PCBs Segments covered/applications: Automotive, EMS, instrumentation, medical, design houses, industrial electronics, telecom, defence, etc. Contact details: Ph: 07923287086-88, 7600012414; [email protected]; www.pcbpower.com |
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Rank 10-Fusion Electronics Pvt Ltd |
 Annual Revenue 2011-12: Rs 266.7 million  Fusion Electronics designs, develops and manufactures cost-effective flex circuits and solutions for the automotive sector. Starting out with just five employees, today it has a team of 110 highly-skilled people. Fusion produces 80,000 sq m of flex circuits per annum at its plant, which is spread over an area of 5000 sq m. The entire manufacturing process is in-house and only hard-tooling is subcontracted. Year of establishment in India: 1983 Headquarters: Lucknow, Uttar Pradesh Manufacturing facility: Lucknow, Uttar Pradesh Products manufactured: Single-sided flex circuits, double-sided (PTH) flex circuits Segments covered/applications: Automotive, consumer, medical and industrial Contact details: Ph: +91-522-6570686, [email protected], www.fepl.net |
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Rank 11- Micropack Ltd |
 Annual Revenue 2011-12: Rs 234.83 million Micropack provides complete bare PCB solutions with varied product range covering rigid multilayer PCBs and rigid flex/flex PCBs for both production and quick turn around prototype requirements. 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 and has latest machines to meet the current and future design requirements. As ISO9001-2008 approved facility, Micropack is approved to MIL-PRF 55110 specifications for both glass epoxy (GF) and polyimide (GI) as well as MIL-PRF-50884 for rigid flex PCBs. Year of establishment in India: 1984 Headquarters: Hyderabad, Andhra Pradesh Manufacturing facilities: Jigani, Bengaluru Products manufactured: Rigid multilayer PCBs upto 30 layers, blind and buried via PCBs, metal core and thermal clad PCBs, control impedance PCBs, multilevel flexible PCBs, multilayer rigid flex PCBs, hybrid PCBs, PCBs with exotic materials like PTFE (Teflon), hydrocarbon ceramic etc. Segments covered/applications: Defence, space, avionics, industrial electronics, telecom and medical electronics, Contact details: Ph: 91-80-27825223/27825224, [email protected], www.micro-pack.com |
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Rank 12- Fine-Line Circuits Ltd |
 Annual Revenue 2011-12: Rs 222.37 million (Annual Revenue 2012-13: Rs 254.05 million) The company is a medium-sized independent PCB manufacturer located in Mumbai with an office in San Jose, CA, USA. 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. From single-sided PCBs to 16-layered PCBs, it offers volume capabilities with short lead times. Its USP is its high reliability and consistency at competitive prices, and short lead times—with deliveries ranging from three days to three weeks. Year of establishment in India: 1991 Headquarters: Mumbai, Maharashtra Manufacturing facility: Mumbai, Maharashtra Types of PCBs manufacured in India: 1 layer to 16 layers PCBs Contact details: Ph: +91 22 28290244, [email protected], www.finelineindia.com |
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Rank 13- Vintek Circuits India Pvt Ltd |
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 Annual Revenue 2011-12: Rs 171.93 million Vintek has two manufacturing plants with a covered area of 9144 sq m, with all the necessary infrastructure required to make international quality single-sided PCBs in huge volumes. All its plant and machinery is imported from reputed manufacturers in Taiwan and China, enabling it to make quality products with high repeatability. It has in-house CAD and CAM facilities to give technical support and provide engineering solutions to all its buyers during the product development cycle. The firm is an OEM supplier to all the major lighting companies. It has recently started manufacturing metal core PCBs. Year of establishment in India: 1990 Headquarters: New Delhi Manufacturing facilities: Two plants at Manesar Types of PCBs manufactured in India: Single-sided PCBs, tooled and CNC drilled metal core PCBs Contact details: Ph: 0124-4367770/71 72, [email protected]
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