Mysuru based Electronics system design & manufacturing (ESDM) company – Kaynes Technology India Limited recently listed on the Bombay stock exchange (BSE) and National stock exchange (NSE). The stock listed at a premium of 32% over its IPO price of Rs 587 per share.
The company raised capital from the public to utilize the Net Proceeds towards funding of its operations & expansion plans. In this regard, the company has invested in the wholly owned Subsidiary, Kaynes Electronics Manufacturing Private Limited, for setting up a new facility at Chamarajanagar, Karnataka. (Rs 149.3 Crore).
The works on its new facility at Chamarajanagar has commenced which is located in the Kellamballi-Badanaguppe KIADB industrial estate. Size of the facility is 2,00,000 square feet with a proposed capacity of 8.6 Million PCB assemblies per year.
Kaynes technology intends to serve the verticals of consumer electronics and smart meters at the new facility.
About Kaynes Technology India Ltd
Mysuru-based Kaynes Technology Ltd was founded in 1988, and over the years the company metamorphosized into a leading end-to-end IoT solution-enabled, a fully integrated electronic manufacturing company having capacities across the ESDM spectrum.
The company has 3 decades of varied experience in providing “conceptual design”, offering “process engineering”, “integrated manufacturing” and “Life cycle support” services for major MNCs across Automotive, Industrial, Aerospace, Defense & Outer space, Nuclear, Medical, and Railway domains.
Its registered office is located in Belagola industrial area in Mysuru and its marketing office is based out of Bangalore. Also, their first manufacturing unit was started way back in 1988 in Mysuru.
Photo Credits: Sathish Kumar