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Syrma SGS Technology, inaugurated a new 120,000+ sq. ft. Medical Plastics and Precision Molding facility in Jodhpur

ICICIdirect Research 23 Sep 2026 DISCLAIMER

News: Syrma Johari MedTech, a subsidiary of Syrma SGS Technology, inaugurated a new 120,000+ sq. ft. Medical Plastics and Precision Molding facility in Jodhpur, expanding its capabilities in injection molding, extrusion, blow molding and tooling for precision medical components, diagnostic tubing and other specialized applications. The facility strengthens Syrma Johari MedTech’s positioning as a design-led global MedTech CDMO, with capabilities spanning design & engineering, precision plastics, tooling, cleanroom manufacturing and assembly.

View: The Jodhpur facility provides additional capacity to support Syrma Johari MedTech’s growth as the company scales its design-led CDMO offering. Syrma Johari MedTech generated ~₹210 cr revenue in FY26 and management expects ~50% growth in FY27, implying ~₹315 cr revenue at the guided growth rate. The broader healthcare business has been delivering ~₹130–135 cr quarterly revenue, while the healthcare order book stands at ~₹500 cr, including MedTech and healthcare RFID. Importantly, Syrma onboarded two new healthcare customers in Q1 FY27, with one for CDMO manufacturing and another for a design-led program, providing visibility for future growth.

Impact: Positive

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