Who is the Largest Indian PCB Manufacturer?

PCB manufacturing in India has several advantages. However, the high cost of finance and the low capital-output ratio make investments in the production process difficult. It also reduces the demand for the product in the local market. However, this inefficiency in the supply chain also increases the inventories. This increases inventory costs and reduces the profitability of PCB manufacturers. As a result, the PCB industry in India is in dire need of leading contract manufacturers to accelerate the industry’s growth and increase exports.

The PCB market in India has great potential due to the increasing demand for electronic products. According to the Indian Printed Circuit Association (IPCA), approximately 35 percent of the country’s PCB demand is domestic, and 65 percent is international. The country currently manufactures both bare PCB and populated PCBs. The Indian PCB market is estimated to be USD 6.33 billion by 2024. Growing urban populations and the government’s push towards digitization will drive the market forward.

Several PCB manufacturing facilities in India can help you with your manufacturing needs. One such company is Circuit Systems, which provides comprehensive PCB manufacturing solutions. The company is headquartered in Gujarat and manages an estimated 100 orders a day.

If you’re looking for the largest PCB manufacturer in India, you’ve come to the right place. This article will discuss a few of the largest PCB manufacturers in India and what they do. So we’ve covered you whether you’re looking for a single sideboard or double-sided PCBs.

Meena Circuits

Meena Circuits is one of the largest PCB manufacturers in India. It is a multi-layer PCB manufacturer with an established global partnership with the US-based Amitron Corporation. The company has the latest technology available in manufacturing, giving it a distinct advantage over other PCB manufacturers. Besides having the most modern equipment, Meena offers its employees formal PCB training.

This PCB manufacturer has a sprawling 62,000-square-meter plant. Its manufacturing facility is capable of producing single and double-sided PCBs, as well as multi-layer PCBs. Meena Circuits also can produce metal-clad PCBs for automotive and lighting applications.

This PCB manufacturer is part of the Kailash Group of Companies and has more than 7300 employees. It has a state-of-the-art manufacturing facility and over 4000 distributors. It boasts of being the first Indian company with total backward integration. Meena Circuits manufactures single-, double and multi-layer PCBs and has a reverse pulse-plating facility. It exports more than 50% of its products.

This PCB manufacturer is in India’s western region. The company is well-known among electrical engineers in the country. It has a modern manufacturing plant and a dedicated team of professional engineers. It offers PCB solutions for various industries and can handle more than 100 orders daily.

Meena Circuits has a tie-up with the US-based Amitron Corporation, which gives it access to advanced PCB manufacturing technologies. It is one of the youngest companies on the list and has established itself as one of the leading PCB manufacturers in India. It also has a division that produces PCBs for export and has clients in the US, UK, Germany, and Switzerland.

Fine-Line Circuits

Fine-Line Circuits is one of the leading PCB manufacturers in India, with a production unit in Andheri, Mumbai. The company specializes in producing high-tech, multi-layer printed circuit boards. It exports these products to countries worldwide, including the US, Germany, and Switzerland.

Its technology roadmap includes advances in inner layer processing, dimensional accuracy, and hole diameter. This enables the company to compete globally in markets with increasingly complex PCBs. The company’s highly qualified engineering team has over 1000 years of combined experience in the PCB industry. It is also a publicly traded company, which gives it access to a vibrant capital market.

Fine-Line Circuits is in Mumbai, India. It offers a wide range of PCB fabrication services. Its production facility covers an area of 33,000 square meters and is capable of producing PCBs with up to eight layers. The company produces circuit boards for various automotive, medical, and lighting industries.

The company also exports to over 12 countries and is one of the few Indian PCB manufacturers listed on a public stock exchange. Its annual reports are prepared following the Sarbanes Oxley Act and are available for review by all stakeholders.

Fine-Line Circuits is a leading PCB manufacturer in India. ISO 9001:2008-certified and offers single-sided, multi-layer, and multi-layer PCBs to various industries. It also has an office in Mumbai. All these companies offer quality PCB manufacturing, with the added benefit of ISO-certified service.

Fine-Line Circuits was founded in 1987 and has expanded its operations to Coimbatore and Hyderabad. Its facility can produce up to ten thousand square meters of PCBs per month. Its headquarters sits on 62,000 square feet. It has a high volume of employees and is a premier PCB manufacturer in India.

Shogini Technoarts


The headquarters of Shogini Technoarts Pvt. Ltd. is in Pune, India. The company specializes in PCB manufacturing for electronics, lighting, and automotive applications. The company’s manufacturing facility can create up to eight layers and produce traditional and metal-clad PCBs. Founded in 1979, the company has grown to become one of the leading PCB manufacturers in India.

The company has several divisions and provides PCB design, fabrication, and assembly services. It also offers customization services. It is ISO-9001 and TS16949 certified and produces a variety of products. These divisions have the latest technology and ultra-modern processes to meet your requirements.

Shogi Technoarts Pvt. Ltd.

Another company in Pune, India, is Shogi Technoarts Pvt. Ltd. Shogi Technoarts manufactures single-sided, double-sided, and multi-layer PCBs. They also offer power electronics and metal-clad PCBs.

The company is one of the largest PCB manufacturers in India, with more than 108,000 square meters of double-sided PCBs. It also produces high-grade PCBs. Its facility is in Pune, and the company has expanded its sales area to other parts of India.

Shogi Technoarts has been in the PCB manufacturing business for over 15 years. It specializes in high-end PCBs for the automotive industry as well as the electronics industry. Their plant has state-of-the-art equipment and assembly lines. The company employs more than 9500 people worldwide.


CIPSA-TEC India Pvt Ltd is one of the leading PCB manufacturers in India. It is in Tumkur, Karnataka. CIPSA-TEC produces all PCBs, including single-layer, double-layer, and multi-layer boards. It caters to several

The company has a modern plant with cutting-edge equipment to produce PCBs. It has the capacity to reverse-pulse plate over seven million square meters per month and export 50% of its production to the USA. In addition to PCBs, it also produces other electronics and components.

Genus Electrotech

Another large PCB manufacturing company is Genus Electrotech. They are a highly reputed manufacturer and have over four thousand dealers. They have a 72,000-square-meter manufacturing facility and complete backward integration, ensuring a quality product and a cost-effective PCB.

The company’s net revenue was around USD 1000 a few years ago. It specializes in single-layer, double-layer, and multi-layer PCBs. It also has a reverse-pulse plating line and can manufacture more than seven million square meters annually. The company is one of the largest PCB manufacturers in India and exports around 50% of its output to the US.

PCBs are an essential component of electronics and are widely helpful in every electronic device. The growing population and increasing disposable income of Indian consumers are driving the PCB market in the country. Moreover, the miniaturization of semiconductor devices will further fuel the demand for complex PCBs.

Is PCB Manufacturing Profitable in India?

Several challenges face the PCB industry in India. Some of them include the demand-supply gap, the lack of critical raw materials, and the high inventory cost. However, India can use the advantages presented by EU pollution laws.

Demand-supply gap

With the growing demand for PCBs, the PCB manufacturing industry in India is facing supply and demand imbalances. Rising consumer income and increasing urbanization have driven the demand for electronic devices in the country. Additionally, the miniaturization of semiconductor devices is boosting the market for PCBs.

The PCB industry in India will grow at an impressive CAGR of 18 percent over the next few years. The country is already one of the biggest consumer electronics markets in the Asia-Pacific region. Consumer electronics use PCBs in various applications, including computer motherboards, cell phones, etc. Favorable government initiatives have also driven increased demand for PCBs in India.

Nevertheless, the demand-supply gap isn’t the only issue that Indian PCB manufacturers face. Imports continue to play a significant role in meeting local PCB demand, which is unsuitable for the industry’s economic health. Survey participants do not have a consensus on the amount of growth they predict for the industry in the next four years. However, they believe that the growth will result from consumer electronics, LED lighting, and industrial sectors.

Lack of critical raw materials

India faces a shortage of 13 critical raw materials required for PCB manufacturing. Without adequate supplies of these materials, the country will have to rely heavily on imports. This could lead to a dependency on China. However, serious companies can take some steps to address this problem.

One of the first things one can do is improve the availability of critical raw materials. For example, copper is one of the most essential components of a PCB. To make copper-clad laminates, the PCB manufacturing industry needs a consistent supply of this raw material. Unfortunately, shortages of this raw material can lead to a significant price increase.

High inventory costs

Inventory costs are a significant issue in the PCB manufacturing industry in India. This is because the industry is highly dependent on imported raw materials. As a result, companies must keep more than three months’ inventory, which hurts margins and hinders growth. The problem results from the low capital-output ratio of the country. Additionally, many manufacturers cannot invest in new equipment because most of the equipment comes from other countries.

A large gap between supply and demand for PCBs in India has negatively affected the industry. According to a recent report by the IPCA, the country has a gap of nearly US 950 million in the market for PCBs. While this gap is undoubtedly a challenge, it also offers opportunities for new manufacturing facilities.

As the electronics industry continues to evolve, the demand for PCBs will likely increase. For instance, the automotive industry uses two to 15 PCBs for every car on the road. Hence, increasing demand for these products is likely to spur the growth of the PCB industry in India.

Profitability of PCB manufacturing

Indian PCB manufacturing firms have a huge demand for their products. These boards are the electronics industry’s backbone, used in almost every electronic product. Rising disposable income and urbanization in India drive the demand for electronic devices. In addition, the growing market for semiconductor devices will drive demand for more complex PCBs.

There are numerous PCB manufacturers in India, but most follow a traditional ordering process, which may make them unprofitable for small orders. In addition, many of these companies charge high setup fees, even for low-volume orders. However, Indian PCB manufacturers need to deliver value to their customers. When a customer is satisfied, they are more likely to recommend your PCB manufacturing company to others.

BPL, for example, has a focus on market recognition. As one of the early PCB manufacturers in India, BPL invested in upgrading equipment and is now looking to become a tier-one PCB supplier. Its PCB manufacturing plant started with technical support from Sanyo in Japan. As a result, the machines installed at the plant improved the output and quality and could meet the high standards of LED lighting and automotive devices.


PCB manufacturing is becoming more complex and demanding as technology advances. Therefore, ensuring that you get the right PCB for your product. While some PCBs are flexible and easy to use, others require a rigid, high-quality board. If you are looking for a PCB manufacturer, you should check out several different companies. The companies listed below provide comprehensive services and are some of the largest PCB manufacturers in India.

PCBs are a critical component of electronic circuits. These boards consist of copper and fiberglass and are conductive strips. We then solder these circuits onto a plastic base. During manufacturing, they assemble the board using a special tool, such as a laser cutter.

PCBs are essential in various types of electronic devices. Therefore, government initiatives are encouraging the manufacturing of these products in India. In addition, the rapidly increasing urbanization and growing disposable income in India has boosted the demand for these products. Further, the miniaturization of semiconductor devices will increase the demand for more sophisticated PCBs.

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