By Richa Chakravarty
Thursday, July 17, 2014: The recent policy initiatives to boost the electronics industry will hopefully revive the dormant Indian electronic components manufacturing sector in the years to come. The demand for electronic components is estimated to grow at an average yearly rate of about 12.5 per cent over the next three years as the market is estimated to grow to around US$ 15 billion in FY 2013-14.
To find out more about the companies (manufacturers) in this domain, Electronics Bazaar attempted to rank the top electronic components manufacturers in India. Most of these companies have registered a higher revenue than last year, indicating growth in the sector. However, despite maintaining the first position, Epcos India witnessed a slight dip in revenue in FY 2012-13 in comparison to FY 2011-12. While most of the companies retained their earlier rankings, Keltron moved two positions up in the ranking. Comso Ferrites also moved up three rungs.
Most of the companies ranked are exclusively into component manufacturing in India, while some are into multiple businesses in the country. Many companies like PLA, Andhra Electronics, Cedicom, etc, could not be ranked as their revenue figures were not accessible. Some companies also declined to disclose their revenue figures. We have not included companies that manufacture connectors or are solely manufacturing semiconductors. We chose not to include Bharat Electronics Ltd (BEL) in the ranking as it is a multi-product and multi-unit company.
The revenue figures have been procured from the website of the Ministry of Corporate Affairs (MCA), Government of India, and then verified by the companies. Some companies also sent us their balance sheets.
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 20 ELECTRONIC COMPONENTS 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 |
| 1 |
Epcos India Pvt Ltd |
5738.31 |
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2 |
Vishay Components India Pvt Ltd |
2074.40 |
|
3 |
Globe Capacitors Ltd |
740.52 |
|
4 |
Deki Electronics Ltd |
665.03 |
|
5 |
Keltron Component Complex Ltd |
611.10 |
|
6 |
Victor Component Systems Pvt Ltd |
550.74 |
|
7 |
Cosmo Ferrites Ltd |
494.10 |
|
8 |
Desai Electronics Pvt Ltd |
493.67 |
|
9 |
BG LI-IN Electricals Ltd |
479.03 |
|
10 |
Genius Electrical & Electronics Pvt Ltd |
399.76 |
|
11 |
General Industrial Controls Pvt Ltd |
389.79 |
|
12 |
Incap Ltd |
353.36 |
|
13 |
Alcon Electronics Pvt Ltd |
323.23 |
|
14 |
Watts Electronics Pvt Ltd |
292.67 |
|
15 |
Solid State Systems Pvt Ltd |
258.76 |
|
16 |
Prismatic Engineering Pvt Ltd |
137.80 |
|
17 |
Speedofer Components Pvt Ltd |
130.00 |
|
18 |
Thakor Electronics Ltd |
114.61 |
|
19 |
Cermet Resistronics Pvt Ltd |
106.47 |
|
20 |
Gujarat Poly AVX Electronics Ltd |
94.68 |
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Rank 1 Epcos India Pvt Ltd |
 Annual revenue (2012-13): Rs 5738.31 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.
Contact details: Ph: +91-80-40390640, [email protected], www.epcos.com |
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Rank 2 Vishay Components India Pvt Ltd |
 Annual revenue (2012-13): Rs 2074.40 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 started its operations in 1958 under the name of Philips; later in 2003, Vishay acquired it. Vishay has two manufacturing facilities in India. It manufactures both passive and active components in India.
Contact details: Ph: +91-20-30516200, [email protected], [email protected], [email protected]; www.vishay.com |
|
Rank 3 Globe Capacitors Ltd |
 Annual revenue (2012-13): Rs 740.52 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 is equipped with a state-of-the-art fully automatic plant. The company exports 50 per cent of its production. Its products have been certified by UL, CE, ERDA, BIS and TMP.
Contact details: Ph: +91-129-4275500, [email protected], www.globecapacitors.com |
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Rank 4 Deki Electronics Ltd |
 Annual revenue (2012-13): Rs 665.03 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-the-art automatic plant with latest and sophisticated machinery imported from Korea, Taiwan, China and Italy. Its current capacity is 1.2 billion pieces per annum.
Contact details: Ph: +91-120-2584687/88, 2585457/58, [email protected], www.dekielectronics.com |
| Rank 5
Keltron Component Complex Ltd |
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Annual revenue (2012-13): Rs 611.10 million P S Anandanarayan, MD Keltron Component Complex Ltd (KCCL) is a government of Kerala undertaking and is a subsidiary of the Kerala State Electronics Development Corporation Ltd. KCCL is aiming for exponential growth by achieving a turnover of Rs 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.
Contact details: Ph: 0091-497-2781922/2780735/781454, [email protected], www.keltroncomp.org |
| Rank 6
Victor Component Systems Pvt Ltd |
 Annual revenue (2012-13): Rs 550.74 million Pawan Sharma, MD Victor Component Systems manufactures wound components in its three state-of-the-art manufacturing units spread over an area of 32,000 sq m. Backed by a team of qualified experts, the company caters to the stringent demands of the industry.
Contact details: Ph: + 91-11-26372403, 2637-2404; pawan@ victorcomponent.co.in; www.victorcomponent.co.in |
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Rank 7 Cosmo Ferrites Ltd |
 Annual revenue (2012-13): Rs 494.10 million Ambrish Jaipuria, executive director and CEO Cosmo Ferrites manufactures soft ferrites at its state-of-the-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 over time.
Contact details: Ph: +91-11-49398803, [email protected], www.cosmoferrites.com |
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Rank 8 Desai Electronics Pvt Ltd |
 Annual revenue (2012-13): Rs 493.67 million Vikram M Desai, MD Desai Electronics, popularly known as DEC, manufactures plastic film capacitors at its state-of-the-art plant. DEC recently inaugurated a new manufacturing facility spread over an area of 3000 sq m and the annual capacity of the company now stands at 400 million pieces per annum.
Contact details: Ph: +91-20-24384254/7, [email protected], www.deccapacitors.net |
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Rank 9 BG LI-IN Electricals Ltd |
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Annual revenue (2012-13): Rs 479.03 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 4000 sq m. In 2013, the company got recognition for its in-house R&D set-up from the Ministry of Science and Technology, Government of India.
Contact details: Ph: +91-240-3250408-12, [email protected], www.bgliin.com |
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Rank 10 Genius Electrical & Electronics Pvt Ltd |
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Annual revenue (2012-13): Rs 399.76 million Satish Jain, MD Genius Electrical & Electronics designs and manufactures a wide range of transformers. The company operates from two setups built on an area of about 3900 sq m, equipped with the best German machines. It has an in-house R&D and fully equipped testing lab.
Contact details: Ph: +91-11-8113545, 28117826, 28116013, [email protected], [email protected], www.geniusindia.com |
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Rank 11 General Industrial Controls Pvt Ltd |
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Annual revenue (2012-13): Rs 389.79 million 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-the-art plant with facilities for everything from ‘design to delivery’ integrated under one roof.
Contact details: Ph: +91-20-30680003/30680004, [email protected], www.gicindia.com |
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Rank 12 Incap Ltd |
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Annual revenue (2012-13): Rs 353.36 million C 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 400 KV insulators for the Teesta Valley Power Transmission Ltd.
Contact details: Ph: +91-866-2842479, [email protected], www.incaplimited.com |
| Rank 13
Alcon Electronics Pvt Ltd |
 Annual revenue (2012-13): Rs 323.23 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 customer needs. Alcon is ISO 9001 and ISO 14001 certified.
Contact details: Ph: + 91-253-2350533; [email protected]; www.alconelectronics.com |
| Rank 14
Watts Electronics Pvt Ltd |
 Annual revenue (2012-13): Rs 292.67 million S Ramakrishnan, director, marketing and sales Watts 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 CFL, ballasts and other lighting products under the Watts brand name in 2011.
Contact details: Ph: +91-484-2368022, 2373892, [email protected]; [email protected], www.wattselectronics.co.in |
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Rank 15 Solid State Systems Pvt Ltd |
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Annual revenue (2012-13): Rs 258.76 million 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.
Contact details: Ph: +91-80-27971145, [email protected], www.syscapindia.com |
| Rank 16
Prismatic Engineering Pvt Ltd |
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Annual revenue (2012-13): Rs 137.80 million Rajiv Pandit, MD Prismatic manufactures ferrite core-based switching power transformers, as well as common mode and differential mode input filter chokes. Prismatic moved into a 929.03 sq m facility in Bengaluru in 2007 and had set up its trading division in early 2008.
Contact details: Ph: +91-80-27826274-76, [email protected], www.prismatic.co.in |
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Rank 17 Speedofer Components Pvt Ltd |
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Annual revenue (2012-13): Rs 130.00 million 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.
Contact details: Ph: +91-120-4278911-16; [email protected]; www.speedofer.com |
| Rank 18 Thakor Electronics Ltd |
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Annual revenue (2012-13): Rs 114.61 million 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 4468 sq m.
Contact details: Ph: 02522-280277, [email protected]; [email protected]; www.thakorelectronics.com |
| Rank 19
Cermet Resistronics Pvt Ltd |
 Annual revenue (2012-13): Rs 106.47 million Pradeep Khadilkar, CMD Cermet is a manufacturer of electronics 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.
Contact details: Ph: 09975596459/60, [email protected], www.resistorcermet.com |
| Rank 20
Gujarat Poly-AVX Electronics Ltd |
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Annual revenue (2012-13): Rs 94.68 million Tanil R Kilachand, chairman Gujarat Poly-AVX Electronics (POLY-AVX) 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 5000 sq m. During the FY 2012-13, the company recorded a production output of 170.606 million pieces, an increase of 23 per cent.
Contact details: Ph: +91-022-22820048, www.polyavx.com |
Leading Electronic Components Manufacturers in India
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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.
Contact details: Ph: 011-26386843, 26383057, 9312068847, [email protected], www.radcomsemi.com |
| Rank Infotech |
 Prakash Bharwani, director Toyo Connectors and Cables is an ISO-9002: 2008 company providing all kinds of connectivity solutions with a range of over 6000 products. The company manufactures over 60 types of relimates and cable assemblies as per customer specifications. It is known for its quality—its rejection rate is less than 0.5 per cent. Its products have international approvals like UL, CE, VDE and RoHS.
Contact details: Ph: 022-23882324/25 (Mumbai), 080-40987129/9740508439 (Bengaluru), [email protected], www.toyoconnectors.com |
Leading Electronic Components Distributors in India
In alphabetical order
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3B Semiconductors Pvt Ltd |
 Sachin Bhalerao, director 3B Semiconductors Pvt Ltd is a premier electronic components distributor that provides complete support to customers during the life cycle of the product. With wide experience in the electronics field, the company offers the best possible technology at an affordable price. Its strong technical network helps customers to select the right components for their needs. Through its 3B Semi Design system, the company focuses on providing designs to those who can sell them and on developing designs that are sell-able.
Contact details: +91-22-24039287/88/89, [email protected], www.3bsemi.com |
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Alfa Electronic Components |
 Ashish Mehta, CEO Alfa Electronic Components has been marketing the most comprehensive and wide range of LEDs and LED displays over the past 20 years. Instead of limiting itself to being just a distributor or sales outlet, Alfa has stretched itself to grow in all directions. It is an authorised distributor for Twilight Opto Electronic Co Ltd, Taiwan. It offers prompt technical support, comprehensive datasheets and helps customers choose the right product for their applications. Value addition plays a pivotal role in its operations and is driving its business forward, creating a distinct position for Alfa in this competitive market.
Contact details: Ph: 022-26840075, [email protected], www.alfaopto.com/ |
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CEE PEE Electronics |
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Paresh Premji Gala, director Viral Gala, director Situated in the heart of south Mumbai, CEE PEE Electronics deals in all types of industrial components and is able to provide complete packages to its customers. It also stocks robotic components and parts. Being situated at a strategic location, the company is able to source components from across the globe. It believes in value-based pricing for its large customer base. CEE PEE is committed to continuous improvement in quality management to ensure customer satisfaction.
Contact details: Ph: +91-22-23825859/66347509/ /23890521, 9870042030 [email protected], [email protected] |
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Cirkit Electro Components Pvt Ltd |
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Gulabchand Hariya, director Cirkit Electro Components Pvt Ltd is among the leading independent stockists and distributors in India, with 25 years’ experience. It is a reputed supplier in the electronics industry with proven credentials both in the domestic and overseas markets. The company specialises in supplying all types of components in the kit form to OEMs and EMS companies. It has wide sourcing contacts with major distributors and manufacturers from America, Europe, Japan, Singapore, Hong Kong and China.
Contact details: Ph: 022-23877777/23800888, 9322234370/ 9322791112, [email protected], www.cirkitelectro.com |
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Componix India |
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Chetan Ajmera, director Componix is among the fastest growing organisations in the distribution of electronic components. The company focuses on distributing reputed brands and has business agreements with a few leading suppliers from Taiwan, Korea, China, USA, etc. Its emphasis is on expanding its product portfolio to serve existing customers. Componix supports a wide range of electronic components and supplies them at competitive prices. It also offers consolidation services from diverse components manufacturers along with MODVAT/zero excise benefits.
Contact details: Ph: +91-22-23827771/23827772, [email protected], www.componixindia.com |
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Millennium Semiconductors |
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Haresh Abichandani, MD Millennium Semiconductors is one of the fastest growing distributors of electronic components in India. It is committed to offering the broadest selection of in-stock electronic components, as well as providing the best service possible to its customers. The company has its own R&D centre supported by a team of dedicated R&D professionals to create innovative solutions. It has branch offices at Delhi, Bengaluru, Hyderabad, Ahmedabad, Chennai, Coimbatore and Mumbai, in India, with overseas offices in Singapore and Shenzhen (China).
Contact details: Ph: +91-20-27484800, 27484900/274845000, [email protected], www.millenniumsemi.com |
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Rabyte Electronics Pvt Ltd |
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Rajiv Batra, managing director Rabyte is among the leading distributors of electronic components in India with ISO 9001:2008 certification. It offers components with advanced technology from various reputed manufacturers across the globe. It acts as a single window source to all its customers for their electronics solutions requirements, including design services, box-build solutions, supply chain management, etc. The company has expertise in supporting customers with kitting services for product BOMs at cost-effective prices.
Contact details: Ph: +91-120-474-6000, [email protected], www.Rabyte.com |
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Swingtel Communications Pvt Ltd |
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Moiz Manasawala, MD Swingtel Communications, which is part of an international group, is among India’s leading distributors with a global sourcing network. Swingtel designs and develops solutions and offers the best-in-class components—both active as well as passive—to Indian customers. The company has been continuously innovating and evolving to take on the challenges of the dynamic business environment and add value to its end customers.
Contact details: Ph: +91-22-2200 0123, [email protected], www.swingtel.in, www.swingtel.com |
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