Syrma SGS to Acquire Majority Stake in Elcome, Marking Strategic Foray into Defence and Maritime business

Syrma SGS Technology Limited, a leading electronics system design and manufacturing (ESDM) company, has entered into a definitive agreement to acquire 60% majority stake in Elcome Integrated Systems Private Limited, a long-established Indian Defence and Maritime electronics company. Elcome specializes in advanced electronic systems, integrated command solutions, and indigenous mission-critical technologies. This acquisition marks a strategic step for Syrma SGS in advancing its presence in Defence Electronics, an area of increasing national priority. The combination brings together Elcome’s deep domain expertise with Syrma SGS’s established strengths in industrial scale manufacturing, supply chain reach and product engineering, enhancing the shared ability to deliver high-reliability systems to defence customers. This is also aligned with India’s broader Aatmanirbhar Bharat objectives, with a focus on strengthening self-reliance in advanced electronic systems and supporting the growth of indigenous defence technology capability.