Top 15 PCB manufacturers in India

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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

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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.

TOP 15 PCB MANUFACTURERS IN INDIA, REVENUE-WISE   

These companies manufacture PCBs in India. Some of these companies are MNCs as well   

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

Rank 6

Ascent Circuits

Rank 7

Akasaka

Rank 8

BLG Electronics

Rank 9

Cipsa-Tec

Rank 10

Hi-Q

Rank 11

GE (Garg Electronics)

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*

  • Akasaka Electronics Ltd

  • Ascent Circuits Pvt Ltd

  • Epitome Components Ltd

  • Genus Electrotech Ltd

  • India Circuits Ltd

  • NSP Electronics

  • Shogini Technoarts Pvt Ltd

  • Vintek Circuits (India) Pvt Ltd

Some Major double-sided/multilayer PCB manufacturers as per EB Survey*

  • Ascent Circuits Pvt Ltd

  • AT&S India Pvt Ltd

  • Genus Electrotech Ltd

  • CIPSA-TEC India Pvt Ltd

  • Circuit Systems India Ltd/PCB Power

  • Fine-Line Circuits Ltd

  • Fineline Circuit Company

  • Hi-Q Electronics

  • Meena Circuit Pvt Ltd

  • Shogini Technoarts Pvt Ltd

  • 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.

  • Ace Circuits Pvt Ltd

  • BCC Fuba India Ltd

  • DMS Technologies

  • Pvt Ltd

  • Hi-Q Electronics

  • PC Process Pvt Ltd

  • SB Electronics

  • Sonic Technology

Rank 1- AT&S India Pvt Ltd 
Guenter Hermann Weiss, MD & COO
Guenter Hermann Weiss, MD & COO

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

Rank 2- Genus Electrotech Ltd

Vishnu Todi, MD
Vishnu Todi, MD

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

Rank 3-Shogini Technoarts Pvt Ltd

Satish Athavale, MD
Satish Athavale, MD

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

Rank 4-Ascent Circuits Pvt Ltd

P Manjunath, MD
P Manjunath, MD

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

Rank 5-Epitome Components Ltd

Anuraag Dhoot, CEO
Anuraag Dhoot, CEO

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

Rank 6-CIPSA-TEC India Pvt Ltd

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

Rank 7-Meena Circuits Pvt Ltd

BH Patel, chairman
BH Patel, chairman

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

Rank 8-Akasaka Electronics Ltd

Gulu Mirchandani, chairman
Gulu Mirchandani, chairman

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

Rank 9-Circuit Systems India Ltd/ PCB Power

Paresh Vasani, MD
Paresh Vasani, MD

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

Rank 10-Fusion Electronics Pvt Ltd

Sameer Mehan, director
Sameer Mehan, director

Annual Revenue 2011-12: Rs 266.7 million

Rajesh Ramchandani, director
Rajesh Ramchandani, director

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

Rank 11- Micropack Ltd

Sreekar Reddy, CEO
Sreekar Reddy, CEO

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

Rank 12- Fine-Line Circuits Ltd

Abhay B Doshi, MD
Abhay B Doshi, MD

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

Rank 13- Vintek Circuits India Pvt Ltd

Vinit Lal, director
Vinit Lal, director

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]

Rank 14- India Circuits Ltd

Rajneesh Garg, MD
Rajneesh Garg, MD

Annual Revenue 2011-12: Rs 154.69 million

India Circuits Ltd (ICL) is a part of Garg Electronics Group that began its operations in the early 1990s and has been growing steadily since then. It designs and manufactures it own PCBs and provides personalised customer services along with quality products. It has its design team in Delhi and Panchkula. Currently, it has three PCB manufacturing plants; one located at Panchkula, spread over 3600 sq m and with a production capacity of 2,00,000 sq m per annum. Its Baddi facility is spread over 2500 sq m with an annual production capacity of 60,000 sq m. And its Barwala facility covers over 6000 sq m and has a production capacity of 20,000 sq m per annum.

Year of establishment in India: 1990

Headquarters: Panchkula

Manufacturing facilities: Three units in Panchkula, Baddi and Barwala, respectively

Types of PCBs manufactured in India: Single-sided, double-sided, multilayer, metal clad, carbon coated, and LED PCBs

Contact details: Ph: + 91-172-2591449, [email protected], [email protected], www.gargelectronics.com

Rank 15- Sulakshana Circuits Ltd

Durga Rao, MD
Durga Rao, MD

Annual Revenue 2011-12: Rs 116.53 million

Sulakshana Circuits was established with technical collaboration with Lazer-Tech (Canada). It manufactures double-sided and multilayer PCBs, and produces high-quality PCBs in medium to high volumes. Spread over an area of 5 acres of land, it utilises high-quality imported materials, modern manufacturing processes, experienced managers, skilled personnel and imported capital equipment to produce the highest quality boards for a competitive costs. With four different bare board testing machines (BBT), it can cost-effectively test all boards before shipment. The company grew 22 per cent in FY 2012-13 and is looking to double this year with even more new equipment, etc. It has also been awarded as ‘Zero Deffect Supplier’ by BEL for FY 2011-12.

Year of establishment in India: 1988

Headquarters: Hyderabad, Andhra Pradesh

Manufacturing facility: Hyderabad, Andhra Pradesh

Products manufactured: Multilayer, double-sided and single-sided PCBs

Segments covered/applications: Automotive, instrumentation and control, railways, telecommunications, medical, aerospace, defence, consumer and contract electronics

Contact details: Ph: +91-40-3242-0340, [email protected], www.sclpcb.com

Electronics Bazaar, South Asia’s No.1 Electronics B2B magazine

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