Kaynes Technology India Ltd.KAYNES₹6,358.00 +0.97%

Kaynes Circuits India Private Limited, a wholly owned subsidiary of Kaynes Technology India Ltd., has signed a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu to set up and expand manufacturing facilities in the state. The proposed investment of approximately ₹4,995 crore will be spread over a period of six years.

The MoU, executed on August 4, 2025, outlines Kaynes Circuits’ plan to establish greenfield units and expand existing capacities in Tamil Nadu. The initiative is expected to significantly boost the state’s electronics manufacturing ecosystem, particularly in high-value segments like aerospace, defence, artificial intelligence, telecom infrastructure, medical devices, and next-generation electronics.

The collaboration aims to explore investment facilitation under Tamil Nadu’s industrial policies. The state government, through its nodal agency Guidance Tamil Nadu, has committed to providing support in the form of infrastructure facilitation, regulatory approvals, and potential financial incentives in accordance with prevailing laws.

Kaynes Circuits India is equipped to manufacture advanced multilayer printed circuit boards (PCBs) up to 74 layers, high-density interconnect (HDI) PCBs, flexible PCBs, and copper-clad laminates (CCLs) for high-frequency and low-loss applications. The proposed investment is expected to strengthen the domestic supply chain in critical sectors and contribute to India’s self-reliance in electronics components manufacturing.

This development underscores the growing momentum in India’s electronics sector and reinforces Tamil Nadu’s attractiveness as a manufacturing destination for high-tech industries.

Over the last three years, this stock has given multibagger returns of more than 980%. 

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Note: The stock price mentioned is as of 1:50 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.