Syrma SGS Technology has signed a definitive agreement to acquire a 60% majority stake in Elcome Integrated Systems Pvt Ltd, marking its entry into India’s fast-growing defence and maritime electronics sector. The deal combines Syrma SGS’s manufacturing scale with Elcome’s expertise in mission-critical naval and communication systems.
Syrma SGS Technology Limited announced a landmark acquisition of a 60% majority stake in Elcome Integrated Systems Pvt Ltd, a defence and maritime electronics specialist founded in 1978 and headquartered in Navi Mumbai. The move signals Syrma SGS’s strategic expansion into the defence electronics segment, aligning with India’s Aatmanirbhar Bharat and indigenous technology goals.
Elcome brings over four decades of experience in designing and integrating navigation, communication, and surveillance systems used across the Indian Navy and maritime infrastructure. Syrma SGS aims to combine this deep domain expertise with its strengths in large-scale manufacturing, supply chain management, and product engineering to deliver advanced indigenous defence solutions.
Notable Updates
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Syrma SGS will hold a 60% stake in Elcome Integrated Systems following the definitive agreement.
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The acquisition reinforces Syrma’s entry into defence electronics, a sector of national importance.
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Elcome specializes in integrated bridge systems, radars, and maritime communication suites.
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The alliance supports India’s drive toward technological self-reliance under Aatmanirbhar Bharat.
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Leadership remarks highlight synergies in R&D, execution capabilities, and indigenous innovation.
Source: NSE Circular, Syrma SGS Technology, Elcome Integrated Systems, Press Release