Syrma SGS Acquires Majority Stake in Elcome Integrated Systems

12 Nov 2025 CW Team

Founded in 1978 and headquartered in Navi Mumbai, Elcome is a well-established Indian company specializing in advanced electronic systems, integrated command solutions, and mission-critical technologies. Over the past four decades, it has been a trusted partner to India’s Defence and Maritime establishments, offering design, integration, and support for navigation, communication, and surveillance systems — including Integrated Bridge Systems, navigation radars, and maritime communication suites. These are deployed extensively across Indian Navy and maritime platforms, supported by a pan-India service network.

Elcome’s strong R&D foundation and engineering depth enable it to deliver high-reliability, indigenous solutions tailored to complex operational requirements. Its portfolio spans navigation, communication, and control systems used in mission-critical defence and maritime applications.

The acquisition strengthens Syrma SGS’s presence in the fast-growing Defence Electronics segment — a key area of national importance — by combining Elcome’s domain expertise with Syrma SGS’s industrial-scale manufacturing, supply chain capabilities, and product engineering strengths. Together, the two companies aim to deliver high-reliability, innovation-led systems for defence customers in India and abroad.

Aligned with the Aatmanirbhar Bharat vision, this move reinforces India’s commitment to self-reliance in advanced electronic systems and the growth of indigenous defence technology capabilities.

Commenting on the acquisition, Sandeep Tandon, Chairman, Syrma SGS Technology said, “This marks a significant milestone in Syrma SGS’s long-term strategic roadmap. India’s defence sector is witnessing strong indigenization and capability expansion. Elcome brings deep technical expertise, proven deployment experience, and trusted customer relationships across key defence institutions. Together, we aim to build a scaled, innovation-driven domestic platform in defence electronics, aligned with India’s national priorities.”

Syrma SGS Technology, a leading Electronics System Design and Manufacturing (ESDM) company, today announced that it has entered into a definitive agreement to acquire a 60 per cent majority stake in Elcome Integrated Systems (Elcome), marking a strategic entry into India’s Defence and Maritime electronics domain.Founded in 1978 and headquartered in Navi Mumbai, Elcome is a well-established Indian company specializing in advanced electronic systems, integrated command solutions, and mission-critical technologies. Over the past four decades, it has been a trusted partner to India’s Defence and Maritime establishments, offering design, integration, and support for navigation, communication, and surveillance systems — including Integrated Bridge Systems, navigation radars, and maritime communication suites. These are deployed extensively across Indian Navy and maritime platforms, supported by a pan-India service network.Elcome’s strong R&D foundation and engineering depth enable it to deliver high-reliability, indigenous solutions tailored to complex operational requirements. Its portfolio spans navigation, communication, and control systems used in mission-critical defence and maritime applications.The acquisition strengthens Syrma SGS’s presence in the fast-growing Defence Electronics segment — a key area of national importance — by combining Elcome’s domain expertise with Syrma SGS’s industrial-scale manufacturing, supply chain capabilities, and product engineering strengths. Together, the two companies aim to deliver high-reliability, innovation-led systems for defence customers in India and abroad.Aligned with the Aatmanirbhar Bharat vision, this move reinforces India’s commitment to self-reliance in advanced electronic systems and the growth of indigenous defence technology capabilities.Commenting on the acquisition, Sandeep Tandon, Chairman, Syrma SGS Technology said, “This marks a significant milestone in Syrma SGS’s long-term strategic roadmap. India’s defence sector is witnessing strong indigenization and capability expansion. Elcome brings deep technical expertise, proven deployment experience, and trusted customer relationships across key defence institutions. Together, we aim to build a scaled, innovation-driven domestic platform in defence electronics, aligned with India’s national priorities.”

Infrastructure Urban

12 Nov 2025

Lemon Tree Opens Sixth Hotel in Kerala

Lemon Tree Hotels, India’s fastest-growing mid-scale and premium hotel chain, has announced the opening of its latest managed property — Lemon Tree Premier, Thiruvananthapuram.This marks the brand’s sixth property in Kerala and further strengthens its growing footprint across southern India.Strategically located in the heart of the state capital, Lemon Tree Premier, Thiruvananthapuram offers easy access to major business districts, government offices, and cultural landmarks. The city — known for its rich heritage, iconic Padmanabhaswamy Temple, scenic beaches such as Kovalam, and growi..

Infrastructure Urban

12 Nov 2025

NALCO Reports Record Q2 & H1 FY26 Performance

National Aluminium Company (NALCO), a Navratna CPSE under the Ministry of Mines, Government of India, has reported its best-ever quarterly and half-yearly physical and financial performance in FY 2025–26.For the quarter ended September 2025 (Q2 FY26), NALCO’s net profit surged 35 per cent year-on-year to Rs 14.33 billion, compared to Rs 10.62 billion in the same period last year. The company’s total income from operations rose 7.2 per cent to Rs 42.92 billion, reflecting robust operational performance and supportive market conditions.For the first half of FY26, NALCO’s net profit jumpe..

Infrastructure Urban

12 Nov 2025

SDHI to Build Six Tankers for Norway’s Stenersen

Swan Defence and Heavy Industries (SDHI), India’s largest shipbuilding and heavy fabrication company, has signed a Letter of Intent (LoI) with Norwegian ship owner Rederiet Stenersen AS for the construction of six IMO Type II chemical tankers, each with a capacity of 18,000 DWT.Valued at approximately $220 million, the LoI represents a landmark achievement for India’s shipbuilding exports, with an option to build an additional six vessels under the same class. The ships will be built at SDHI’s state-of-the-art shipyard in Pipavav, Gujarat, designed by Marinform AS, Norway, and classed by..