Syrma SGS approves up to ₹1000cr fundraising to boost chipmaking
Syrma SGS Technology has approved a fundraising resolution of up to ₹10 billion that would provide capital for India's growing semiconductor scene, thanks to the government's new Semicon 2.0 program.
The plan? Focus on high-value areas like post-fabrication and module manufacturing: no low-end assembly work here.
As Managing Director Jasbir Singh Gujral put it, they're seeking "a credible company partner" and want to help boost India's chip-making power.
Syrma SGS holds over ₹800cr cash
Syrma just got board approval for this big fundraising move on July 29, 2026.
The company's finances are solid too, with over ₹8 billion in cash reserves as of June 30, 2026.
They're also eyeing new opportunities in IT hardware: talks are underway with major laptop brands and Chinese firms to make more components locally.
And to tackle supply chain hiccups, they've set up a war room to keep production running smoothly.