Syrma SGS Technology has entered into an agreement to acquire a 60% majority stake in Elcome Integrated Systems, an Indian defense and maritime electronics company. This acquisition marks Syrma SGS’s strategic entry into the defense electronics sector, aligning with India’s self-reliance goals. Elcome specializes in advanced electronic systems and integrated command solutions. The acquisition is expected to enhance Syrma SGS’s capabilities in delivering high-reliability systems.
Strategic Acquisition
Syrma SGS Technology Limited has signed a definitive agreement to acquire a 60% majority stake in Elcome Integrated Systems Private Limited. This move signifies Syrma SGS’s strategic foray into the defense and maritime sectors. The announcement was officially made on November 10, 2025.
Elcome’s Expertise
Elcome, established in 1978, specializes in advanced electronic systems, integrated command solutions, and indigenous mission-critical technologies for the Indian Defence and Maritime sectors. It has built a strong reputation over four decades.
Synergies and Benefits
The acquisition combines Elcome’s deep domain expertise with Syrma SGS’s industrial-scale manufacturing capabilities. This is expected to enhance the shared ability to deliver high-reliability systems to defense customers. Sandeep Tandon, Chairman of Syrma SGS, highlighted that this acquisition marks a meaningful milestone in Syrma SGS’s strategic roadmap, especially given India’s strong indigenization drive in the defense sector.
Focus on Self-Reliance
This acquisition aligns with India’s Aatmanirbhar Bharat objectives, strengthening self-reliance in advanced electronic systems. It also supports the growth of indigenous defense technology capabilities. The collaboration aims to create a scaled, innovation-driven domestic platform in defense electronics.
Future Plans
J. S. Gujral, Managing Director of Syrma SGS, emphasized that the acquisition creates an ideal base to pursue larger integrated defense programs. The focus will be on strengthening governance, operational systems, and execution capabilities. This will accelerate the introduction of new indigenous technologies and solutions.
Source: BSE
