Jubilant Ingrevia Limited entered into a binding agreement with Zettaone Technologies India Pvt. Ltd. to acquire a 40% strategic stake for ₹189.2 crore. Upon completion of the proposed transaction, Zettaone Technologies will become an associate company of Jubilant Ingrevia. The investment marks another step in Jubilant Ingrevia’s Pinnacle growth strategy and strengthens its expansion into the electronics and semiconductor ecosystem.
Zettaone Brings Integrated Electronics Manufacturing Capabilities
Zettaone Technologies, co-founded by Harikrishnan, Sureshkumar, Prabu and Arunkumar, operates as an electronics design and manufacturing platform with integrated capabilities across the electronics and semiconductor value chain. The company offers services ranging from R&D, design and prototyping to manufacturing, assembly and box-build solutions. Its engineering capabilities support applications across several high-growth sectors, including aerospace, defence, semiconductors, automotive, medical and industrial markets. Through the proposed acquisition, Jubilant Ingrevia aims to combine its existing capabilities with Zettaone’s expertise in electronics development and manufacturing services.
Acquisition Supports Jubilant Ingrevia’s Pinnacle Growth Strategy
Shyam S Bhartia, Chairman of Jubilant Ingrevia Limited, and Hari S Bhartia, Co-Chairman and
Whole-Time Director of Jubilant Ingrevia Limited, said, “The proposed investment is aligned with the Company’s Pinnacle growth strategy and provides a strong platform for its play in Electronics Development and Manufacturing Services (EDMS) space. The transaction will enable the Company to deliver an integrated value proposition in electronics and semi-conductor space, leading to long-term and sustainable value creation”. The transaction is expected to provide Jubilant Ingrevia with a stronger platform in the Electronics Development and Manufacturing Services (EDMS) segment. Furthermore, the company aims to build an integrated value proposition for customers operating across the electronics and semiconductor industries.
Acquisition to Be Completed in Two Tranches
Jubilant Ingrevia plans to complete the proposed acquisition in two tranches. The first tranche is expected to close by November 2026, while the second tranche is expected to close by September 2027. Following the completion of the transaction, Zettaone Technologies will operate as an associate company of Jubilant Ingrevia.
Building an Integrated Semiconductor and Electronics Business
Deepak Jain, Chief Executive Officer and Managing Director of Jubilant Ingrevia Limited, said the acquisition represents another important milestone in the company’s strategic growth journey. “We are continuously working towards advancing our strategic priorities and this acquisition is another milestone in our Pinnacle journey. We have already been expanding into high-precision semiconductor chemicals through our CDMO business and have made a great progress in last two years to establish our credibility with several global customers. The expertise in high-speed and high-power PCB design and manufacturing of Zettaone Technologies will further anchor our growing Electronics/Semiconductor business with an integrated value proposition to our customers”.
Jubilant Ingrevia has already expanded into high-precision semiconductor chemicals through its CDMO business. Therefore, the addition of Zettaone’s expertise in high-speed and high-power PCB design and manufacturing is expected to further strengthen its presence across the electronics and semiconductor value chain. The proposed investment will also help the company create closer linkages between its chemical manufacturing capabilities and its growing electronics and semiconductor business.
Zettaone Looks to Strengthen Its Position in Mission-Critical Electronics
Harikrishnan Gopal, CEO of Zettaone Technologies Pvt. Ltd., said that joining the Jubilant Bhartia Group will support the company’s next phase of growth. “Over the years, our team has built lasting relationships through consistency, quality, and a commitment to solving complex engineering challenges. We are happy to be a part of the Jubilant Bhartia Group and this development will reinforce our position as a trusted technology partner for mission-critical electronics solutions in aerospace, defence, semi-conductor, auto, medical and industrial spaces.”
Zettaone has built its business around solving complex engineering and manufacturing challenges for mission-critical applications. As a result, the proposed partnership is expected to strengthen its ability to serve customers across aerospace, defence, semiconductor, automotive, medical and industrial sectors.
Strengthening Presence Across the Electronics Value Chain
The acquisition will allow Jubilant Ingrevia to build on its established manufacturing expertise and customer-centric capabilities in the CDMO business while expanding its engagement across the electronics and semiconductor value chain. By combining Jubilant Ingrevia’s experience in high-precision semiconductor chemicals with Zettaone’s electronics design and manufacturing capabilities, the company aims to develop a more integrated offering for customers. As per the press release, the proposed ₹189.2 crore investment in Zettaone Technologies represents a strategic move by Jubilant Ingrevia to expand beyond its traditional chemical manufacturing operations and strengthen its long-term presence in India’s growing electronics, semiconductor and advanced manufacturing sectors.
