Description
India’s first Semiconductor chips manufacturer- Polymatech Electronics Unlisted share
Polymatech Electronics Pvt. Ltd., based in Chennai, is India’s only semiconductor chip maker, producing 300 million chips annually. With a $1 billion investment, it aims to be a top chip manufacturer in Asia by 2025, targeting $12 billion in revenue by 2030. Specialising in opto-semiconductors, it currently makes 1 million chips daily in Tamil Nadu and plans to increase to 10 billion annually by 2023. Two new facilities are being set up, including one in Oragadam, equipped with advanced technology. The company recently received INR 125 crore from investors like Morgan Stanley and NAV Capital.
The electronics market is expected to reach USD 63 billion by 2026, supported by government initiatives, positioning Polymatech Electronics to meet the rising demand. Its products include opto-semiconductors, integrated circuits, luminates, and photonics. Established in Tokyo in December 1947, the company underwent several name changes before being acquired by the Nadam family in August 2018. Eswara Rao Nadam, an alumnus of BITS Pilani, leads as president and CEO with over 25 years of experience.
Polymatech Electronics share price is Rs 495, with a face value of Rs 10. It has no direct competitors. Compared to Tata Elxsi’s PE ratio of 62, Polymatechs is 16 at Rs 400 per share, making it an attractive investment. The company lacks direct listed peers, but Tata Elxsi and ASM Technologies are close matches.
