Kaynes Circuits India Pvt Ltd, a subsidiary of Kaynes Technology, has signed a non-binding Memorandum of Understanding (MoU) with the Tamil Nadu government. As per the filing, the agreement was signed on August 4, 2025, and mentions an investment of ₹4,995 crore over the next 6 years for setting up new manufacturing facilities in the state.
It will include greenfield projects and expansion of existing capacities. The company has not yet shared specific timelines for the start of construction or production.
The unit will focus on manufacturing advanced electronics components. These include multilayer PCBs (up to 74 layers), HDI PCBs, flexible PCBs, camera module assemblies, wire harnesses, and high-frequency laminates. These products are used in sectors like telecom, defence, aerospace, and consumer electronics.
The state’s investment promotion agency, Guidance, is expected to assist with infrastructure, clearances, and eligibility for financial incentives. The MoU allows for discussions on industrial policies, subsidies, and support packages, but no legal commitment has been made yet.
The facility is expected to generate approximately 4,700 jobs and nearby districts. The location is close to the upcoming VinFast EV plant, which could support the development of a broader manufacturing cluster in the region.
Kaynes Technology reported a net profit of ₹74.6 crore in Q1FY26, up 47% from the same period last year. Revenue rose 33.6% to ₹673.4 crore. EBITDA came in at ₹113 crore, marking a 68% increase year-on-year. Margins improved to 16.7%.
Read More: Kaynes Technology Arm Finalises Deal with Fujitsu General Electronics for Asset Purchase!
As of 12:02 PM on August 5, 2025, Kaynes Technology India share price was trading at ₹6,357, a 0.95% increase.
The planned investment in Tamil Nadu aligns with Kaynes’ expansion plans. Further details on project timelines and approvals are expected as discussions progress between the company and the state government.
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Published on: Aug 5, 2025, 2:31 PM IST
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