Jairam Sampath, Whole-Time Director & CFO of Kaynes Technology, said the company may even exceed this target. He explained that the bulk of investments will happen this year and in financial year 2027, with the first phase covering legacy packaging and wire bonding.
He added, “We will probably start working with some of the advanced packaging too. By financial year 2028 we should get significant number up, even beyond what we thought. Earlier, we had set a target about ₹1,500 crores, we might even exceed that in FY28 in semicon business alone.”
Kaynes Technology is integrating Outsourced Semiconductor Assembly and Test (OSAT) into its business model. The company is establishing new facilities in Sanand, Gujarat, and Chennai to expand its semiconductor offerings and leverage its EMS expertise.
On the OSAT business, Sampath said significant revenues are expected as early as FY26. The pilot plant is already operational, producing samples for approval.
Kaynes has three major clients lined up and is establishing production for them over the next two years. The main plant is nearly ready, and commercial shipments are expected to begin in the fourth quarter.
Regarding US tariffs, Sampath said the company’s operations under HSN Code 8541 are largely exempt. He added that semiconductor exports will likely go to warehouses outside India, such as Singapore, Hong Kong, and Taiwan, rather than directly to the US.
He noted that while investors may feel anxious, production is not expected to face major disruptions. Companies are also planning alternative production sites in India compared to China.
Kaynes Technology’s current market capitalisation is ₹43,225 crore. The stock is currently trading at ₹6,455 as of 11:42 am on the NSE and has gained 38% over the last year.
