What we do Elin Electronics Limited is a leading EMS company in India, manufacturing lighting, fans, home appliances, and fractional horsepower motors under OEM and ODM models. |
Founded in 1,982 |
Market share One of India’s largest fractional horsepower motors manufacturers with expanding EMS capabilities in lighting and appliances. |
Problem solved Provides end-to-end electronics manufacturing solutions enabling brands to offer quality lighting, appliances, and motors efficiently. |
Top clients or who we serve Serves major international and national consumer electronics and appliance brands (B2B). |
Key management - |
Our journey and innovations Founded in 1982, expanded manufacturing in Goa, Baddi, Ghaziabad; started IPO in 2022; recently launched new products like heated hair brushes and TPW fans. |
Where we operate Manufacturing facilities in Ghaziabad, Baddi, Verna; primarily serving India's market with recent exports. |
Top products or what we offer LED lighting, fans, switches, small appliances, fractional horsepower motors, medical cartridges, sheet metal components. |
Top brands Owns 'Elin' brand for fractional horsepower motors; key ODM and OEM products for reputed brands. |
Raw materials needed Copper, aluminium, steel, plastics, electronic components. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring via contract manufacturing and OEM supply agreements. |
Our industry position Strong EMS player with integrated manufacturing, serving India’s consumer electronics and appliance sectors. |
Financial highlights FY25 Revenue: ₹1180 Cr, Net Profit: ₹29 Cr; 13% revenue growth; EBITDA margin around 5%. |
Geographical revenue split ~99.7% revenue from India; minor exports from Goa facility. |
Order book - |
Whats driving growth Growing home appliances segment, new product launches, government Make in India initiatives, operational scale-up. |
Our future plans Expand Bhiwadi facility, launch OTGs, air fryers, electric kettles, scale exports, and increase R&D investments. |
Our green promise Solar power plant installed (500-550 KWp); ISO 14001:2015 certified for environmental management. |
Our people and values Employee stock option plan launched in 2024; focus on compliance, governance, and inclusive workplace. |
Key challenges ahead Raw material cost volatility, regulatory changes, competition, supply chain disruptions. |
Interesting facts First fractional horsepower motor manufacturing started in 1977; IPO raised ₹475 Crore in 2022. |
Risks and strategy Mitigates risks through strong governance, backward integration, diversified product portfolio, and market expansion. |
