“Sanand to Silicon: How Kaynes is Crafting India’s Chip Narrative”

🏗️ Fundraising via QIP Kaynes successfully closed a ₹1,600 crore Qualified Institutional Placement (QIP), issuing shares at ₹5,569.50 at 1% discount to the floor price. The funds will support expansion in electronics manufacturing and design-led services. 📈 Growth Outlook FY26 revenue target: ₹4,525 crore EBITDA margin: Expected to improve to 15.6% Strong export pipeline with new orders from US and European clients in aerospace and automotive. 🔧 Semiconductor Push Their Sanand unit in Gujarat is set to roll out its first semiconductor chip in June 2025, with full-scale production by January 2026. The facility will handle 60 lakh chips/day, targeting EVs, telecom, IT, and industrial applications. 🌍 Global Expansion Kaynes Semicon, a subsidiary, acquired assets from Fujitsu General Electronics to strengthen its semiconductor capabilities. They’ve also partnered with Alpha and Omega Semiconductor for global chip supply.