According to the UnivDatos, increased demand for industrial automation & robotics, rapid growth of consumer electronics manufacturing, rising adoption of IoT and smart devices, government push through ‘Make in India’ and PLI Schemes, rise of start-ups and local design houses driving prototype demand are driving the India PCB (Printed Circuit Board) market. As per their “India PCB (Printed Circuit Board) Market” report, the Indian market was valued at USD ~6237 million in 2024, growing at a CAGR of about 16.40% during the forecast period from 2025 - 2033 to reach USD million by 2033.

The PCB (Printed Circuit Board) market of India is expanding very fast due to its dynamic electronics manufacturing industry and very positive government attention. The major domestic and international players are consolidating their names to cope with the increasing demand in consumer electronics, automotive, and industrial businesses. These major firms are making investments in cutting-edge technologies, venture building, as well as innovation to achieve competitiveness. This article will capture the leading role players in the PCB industry in India and their competent growth plans.

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1.    Ascent Circuits Pvt. Ltd. (Amber Group)

Amber Enterprises India Limited provides room air conditioner solutions in India. It designs and manufactures a range of room air conditioners (RACs), including window air conditioners, indoor units, outdoor units of split air conditioners, and inverter RACs. The company offers functional components of RACs, such as heat exchangers, motors, and multi-flow condensers, and other RAC components comprising sheet metal components, copper tubing, plastic extrusion, vacuum forming, and injection molding components. In addition, it manufactures components for other consumer durables and automobiles, such as case liners for refrigerators and plastic extrusion sheets; sheet metal components for microwaves; and washing machine tub assemblies, as well as extrusion components for automobiles and the metal ceiling industry. Further, the company provides mobile air conditioners for railway, metro trains, buses, defense, and other establishments. It also exports its products. Amber Enterprises India Limited was incorporated in 1990 and is based in Gurugram, India.

2.    Fine-Line Circuits Limited

Fine-Line Circuits Limited manufactures and sells printed circuit boards (PCBs) in India. The company offers on-board, high-frequency microwave hybrid, multilayer cavity, flex and rigid flex, oversized/backplane, high copper, multilayer impedance controlled blind/buried, embedded passive component, and multilayer PCBs. It also provides equipment, including automated optical inspection, bonding, CNC drilling, plasma activation, electroless PTH, and direct metallization, imaging, inner and outer layer etching, P.I.S.M., and bare board testing equipment. The company also exports its products to approximately 14 countries. Fine-Line Circuits Limited was incorporated in 1989 and is headquartered in Mumbai, India.

3.    Genus Electrotech Ltd

Genus Electrotech Limited manufactures color televisions, washing machines, LCD televisions, printed circuit boards, and cables. The company also manufactures packaging boxes like corrugated carton boxes, corrugated storage boxes, corrugated shipping boxes, corrugated packing boxes, and expanded polystyrene. The company is an OEM manufacturer for various national and international brands. The company was founded in 2003 and is based in Anjar, India. Genus Electrotech Limited operates as a subsidiary of Kailash Group.

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4.    Shogini Technoarts Pvt. Ltd.

Shogini is a printed circuit board manufacturing company based in Pune, India. Established in 1979, the company has experienced consistent growth and is currently ranked among the top three manufacturers in India. Shogini is ISO 9001-2015 certified and UL approved, supplying PCBs to clients across India and exporting to the USA and Europe. With a dedicated team of young technocrats and a focus on high business ethics and excellence, Shogini has become a preferred supplier in the industry.                                                                       

5.    Epitome Components

Epitome Components Ltd. is a leading PCB manufacturer in India with advanced infrastructure and a large production capacity. The company has a satisfied customer base in India and abroad, including leading Indian and multinational companies. Epitome has a joint venture with a UK-based company for manufacturing RF Antenna PCBs used in cellular networks, radar, the space industry, and other high-end applications.

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