In TrendsSensex TodayStocks to WatchNifty OutlookAsian StocksTata ChemicalsSyrma SGS sees Elemaster JV revenue reaching $100 million in 3–5 yearsJasbir Singh Gujral, MD of Syrma SGS, expects EBITDA margins to remain around 10.5%, while exports continue to grow strongly. The consumer business is likely to stabilise at around 30% of total revenue.By Nigel D'Souza | Prashant Nair | Mangalam Maloo September 4, 2026, 12:42:48 PM IST (Published)Syrma SGS Technology’s newly commissioned joint venture (JV) with Italy-based Elemaster has the potential to become a sizeable business, with revenue expected to reach $50–100 million in three to five years, according to Managing Director Jasbir Singh Gujral.The company, however, expects only around ₹50–70 crore of revenue from the venture in 2026-27 (FY27) as it works on regulatory approvals and customer clearances.The factory was commissioned two days ago, and the next step is to secure approvals from government agencies, including the Research Designs & Standards Organisation (RDSO), as well as customers. Gujral said the business will focus on high-reliability electronics for sectors such as railways and medtech.“Railways, medtech, these are high-reliability electronics. They command a superior margin, so it should be margin accretive to my overall bucket.” He expects the JV to generate around 12–13%…
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