Syrma SGS has incorporated a 100% wholly owned subsidiary namely Syrma SGS Technology and Engineering Services Limited (and the same has been intimated to exchange already). This is to accelerate the company's continued focus on growing the electronic system design led manufacturing and expanding the company's design and engineering capabilities. The newly formed company will focus on a business model centred around meeting customer requirements from conceptto creation, that is from designing to manufacturing.

As strategically planned over the last year, Dr. Sreeram Srinivasan, currently the CEO of Syrma SGS Technology Limited, has relinquished his current responsibilities and shall now take over the business responsibilities at Syrma SGS Technology and Engineering Services Limited effective from April 01, 2023. The subsidiary has ambitious plans to meet the future growth targets envisioned by Syrma SGS and given his extensive experience in electronics design led manufacturing in sectors such as industrial, healthcare, automotive, consumer, defence, and communications, Dr. Sreeram was identified as the perfect leader to guide the new business. This move enables the company to focus on emerging technologies in electronic design in industry verticals such as IoT, automotive EV, industry 4.0, and telecom 5G etc.

This development while having no impact on the current operations, which continues to see robust demand across the company's business verticals on the back of a strong order book, shall further push the company's efforts to onboard new clients that are exploring design prototyping and manufacturing as a service.