Amber Group Unit Buys Majority Stake In Shogini Technoarts

18 Nov 2025 CW Team

IL JIN Electronics India Pvt Ltd, a subsidiary of Amber Group, has entered into a definitive agreement to acquire a majority stake in Shogini Technoarts Pvt Ltd.

Founded in 1982, Shogini is a leading Pune-based manufacturer of printed circuit boards (PCBs), producing single-sided, double-sided, multilayer, metal-clad and flexible PCBs. The company supplies PCB solutions for a wide range of applications, including automotive, defence, medical and industrial electronics, power electronics, process control, telecommunications, computer peripherals and LED lighting. Backed by strong engineering and software expertise, Shogini serves marquee customers across these diverse sectors.

The partnership supports Amber Group’s strategy to scale its PCB vertical, enhance operational efficiency and strengthen India’s PCB ecosystem through backward integration and increased domestic manufacturing.

Mr Jasbir Singh, Executive Chairman and CEO of Amber Group, said Shogini will further reinforce the company’s bare PCB vertical and support Amber Group’s evolution into a fully integrated EMS provider. He noted that, together with Ascent Circuits’ existing facility, the upcoming new plant and the strategic joint venture with Korea Circuit, the group is laying the foundation to become a leading domestic PCB manufacturer offering single-sided, double-sided, multilayer, HDI, flex and semiconductor-substrate PCBs. He added that these combined strengths will enable rapid scaling, greater innovation and deeper local value addition in a segment heavily dependent on imports, supporting the vision of Aatmanirbhar Bharat.

Mr Abhijit Tamhankar, Chairman and Managing Director of Shogini, said the partnership marks an important milestone for the company, built on a shared vision to leverage synergies and scale the business. He stated that the collaboration will accelerate growth, empower teams and enhance customer value across sectors as Shogini enters a new phase of expansion

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IL JIN Electronics India Pvt Ltd, a subsidiary of Amber Group, has entered into a definitive agreement to acquire a majority stake in Shogini Technoarts Pvt Ltd. Founded in 1982, Shogini is a leading Pune-based manufacturer of printed circuit boards (PCBs), producing single-sided, double-sided, multilayer, metal-clad and flexible PCBs. The company supplies PCB solutions for a wide range of applications, including automotive, defence, medical and industrial electronics, power electronics, process control, telecommunications, computer peripherals and LED lighting. Backed by strong engineering and software expertise, Shogini serves marquee customers across these diverse sectors. The partnership supports Amber Group’s strategy to scale its PCB vertical, enhance operational efficiency and strengthen India’s PCB ecosystem through backward integration and increased domestic manufacturing. Mr Jasbir Singh, Executive Chairman and CEO of Amber Group, said Shogini will further reinforce the company’s bare PCB vertical and support Amber Group’s evolution into a fully integrated EMS provider. He noted that, together with Ascent Circuits’ existing facility, the upcoming new plant and the strategic joint venture with Korea Circuit, the group is laying the foundation to become a leading domestic PCB manufacturer offering single-sided, double-sided, multilayer, HDI, flex and semiconductor-substrate PCBs. He added that these combined strengths will enable rapid scaling, greater innovation and deeper local value addition in a segment heavily dependent on imports, supporting the vision of Aatmanirbhar Bharat. Mr Abhijit Tamhankar, Chairman and Managing Director of Shogini, said the partnership marks an important milestone for the company, built on a shared vision to leverage synergies and scale the business. He stated that the collaboration will accelerate growth, empower teams and enhance customer value across sectors as Shogini enters a new phase of expansion

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