Kaynes Technology India IPO

Kaynes Technology India Limited are an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services. They have experience in providing conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments.

Their business is classified based on the stage of services that they provide to their customers. They classify their operations under the following business verticals:

• OEM – Turnkey Solutions – Box Build (“OEM – Box Build”): They undertake Build To Print or Build to Specifications of complex box builds, sub-systems and products across various industry verticals.
• OEM – Turnkey Solutions – Printed Circuit Board Assemblies (“PCBAs”) (“OEM – Turnkey Solutions”): They undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.
• ODM: They offer ODM services in smart metering technology, smart street lighting, brush less DC (BLDC) technology, inverter technology, gallium nitride based charging technology and providing IoT solutions for making smart consumer appliances or devices IoT connected. They operate eight strategically located manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand. Their facilities are located in proximity to their customers, allowing them to service their requirements efficiently and cost-effectively. They have a dedicated research and development facility located within their facility at Mysuru, Karnataka –Unit - I.

They have focused on creating robust manufacturing systems and processes that comply with health and safety, as well as environmental and social and governance requirements. Their operations comply with global standards and their facilities have 10 global accreditations, making them the most certified ESDM company in India (Source: F&S Report).

They have long-term relationships with a large customer base diversified across verticals and geographies. In the three months ended June 30, 2022, they served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.