Bangalore, August 28: Mysore-based Rangsons Electronics, a leading Electronics Manufacturing Services (EMS) provider raises Rs 100 crore from L&T Capital Company Ltd, an investment arm to Larson and Toubro.
Speaking after signing the MOU, Mr. Pavan Ranga, CEO of Rangsons Electronics said “this is a significant milestone in our journey in becoming a global leader in the High Mix-High Tech EMS space. It will help in expanding Rangsons global footprint and strengthen our capabilities to add greater value to our customers across the Product Life Cycle”.
Rangsons Electronics, part of N.R Group, is one of the fastest growing EMS companies in India. With four state-of-the-
L&T Capital is investing this fund due to the value creation possibility realization in this space. Member of L&T Board, Mr. R.N Mukhija said, “Looking at the market situation and its growth opportunities, we believe this investment will bear fruit for both partners. Rangsons is well positioned to create significant value for its stakeholders. We see a great opportunity for Rangsons to be a global end-to-end solutions provider in EMS”
About Rangsons Electronics:
Rangsons Electronics Pvt Ltd (REPL), started in 1993, is one of the leading Electronics Manufacturing Services (EMS) providers focused on delivering complete end-to-end manufacturing solutions to technology companies around the world. Their service offerings include design, prototype, printed circuit board assemblies, product integration and after market services.
Recognized as a leading EMS provider in India they deliver customized and flexible solutions from design and engineering to complete systems integration.
Rangsons Electronics has a strong presence in medical systems, Telecom and networking, Defense and avionics, industrial and power. They offer competent design solutions at component, Board and Product levels.
REPL currently employs 500 people, have 4 manufacturing facilities, 3 in Mysore and 1 in Bangalore, all of which are ISO 9001:2000 certified. They have 6 SMT assembly lines. In the year 2006, they increased the capacity by 50%. The Customer Base of Rangsons includes leading Indian and Multinational companies. REPL is among the top 3 homegrown EMS companies.
For further details and editorial enquiries please contact:
Pravin D Shiriyannavar
pravin@brand-
9886964909
