Syrma SGS Technology has taken a major strategic step in strengthening its presence in the defence and aerospace electronics space by completing the first tranche of its investment in Elcome Integrated Systems Private Limited. The company informed stock exchanges that the transaction was executed on Wednesday, December 17, 2025, in line with the approval granted by its Board of Directors earlier.
Under the first tranche of the transaction, Syrma SGS has acquired 60 percent of the total paid-up share capital of Elcome Integrated Systems for an aggregate consideration of approximately ₹235 crore. The investment has been made through a combination of primary and secondary acquisition, reflecting a balanced capital infusion and stake purchase from existing shareholders.
This development follows Syrma SGS’ earlier disclosure dated November 10, 2025, when the Board approved the execution of a Securities Subscription and Purchase Agreement (SSPA) and a Shareholders’ Agreement (SHA) with the promoters of Elcome. As part of the overall transaction structure, Elcome is also set to acquire the entire paid-up share capital of Navicom Technology International Private Limited. Upon completion of that step, Navicom will become a wholly owned subsidiary of Elcome.
The acquisition aligns with Syrma SGS’ long-term growth strategy to expand its capabilities in mission-critical electronics, defence communications, and integrated systems. Elcome Integrated Systems is a well-established player with a strong track record in naval systems, radar solutions, and secure communications, making it a strategic fit for Syrma SGS’ advanced manufacturing and electronics portfolio.
